How to Buy MultiversX (EGLD)

Learn all about Buy MultiversX

MultiversX (EGLD) a cryptocurrency based on the elrond, is currently attracting significant interest in the crypto market. As the MultiversX ecosystem expands, it has established a notable presence within the elrond-ecosystem sector. More and more people are becoming interested in MultiversX. They wish to invest or purchase MultiversX (EGLD), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing MultiversX. Regardless of your location, Bitrue can provide you with a simple and secure way to buy EGLD.

Where and how to buy MultiversX

MultiversX (EGLD) is currently not available for fiat and spot trading on Bitrue exchange. However, you can purchase EGLD on decentralized exchanges (DEX). Simply connect your crypto wallet to a DEX, choose the EGLD trading pair, and complete the ordering process. Here is a step-by-step guide on purchasing EGLD:

Steps to Buy MultiversX (EGLD)

Step 1 Create a Wallet

Choose from various cryptocurrency wallets, including digital wallets and hardware wallets. Typically, creating a cryptocurrency wallet is as simple as installing an application on your phone or computer. When you install the application, your cryptocurrency wallet is automatically created following the installation steps. Remember to note down your mnemonic phrase or private key during wallet creation, as the loss of this information will result in permanent loss of the digital assets stored in the wallet. Once your wallet is created, you can immediately transfer cryptocurrency to it, securely store it, and use it as you wish.

Step 2 Wallet Setup

Configure your wallet with a blockchain network protocol compatible with MultiversX (EGLD), ensuring that your cryptocurrency wallet can receive EGLD.

Step 3 Choose a DEX

Select a decentralized exchange (DEX) that supports MultiversX (EGLD) trading. Popular DEX platforms include Uniswap, SushiSwap, PancakeSwap, etc., depending on the blockchain network hosting EGLD.

Step 4 Connect Wallet

Connect your cryptocurrency wallet to the chosen DEX. This connection allows you to trade directly from your wallet without the need for a central intermediary.

Step 5 Choose EGLD Trading Pair

Locate the EGLD trading pair on the DEX platform (DEXs typically list tokens in pairs, such as EGLD/ETH, EGLD/USDT, etc.). Ensure your wallet has enough cryptocurrency to pay for the desired amount of EGLD you want to purchase.

Step 6 Confirm Order

Decide on the type of trade you want to execute. DEX platforms offer options similar to centralized exchanges, such as market orders and limit orders. Confirm and execute your trade.

Step 7 Verify Transaction

Transactions on DEXs are recorded on the blockchain. Verify the completion of your trade on the blockchain explorer using your wallet address.

Step 8 Store Securely

After the transaction is completed, EGLD will be automatically stored in your blockchain network wallet address. You may also consider transferring your EGLD to a hardware wallet to enhance security, especially if you plan to hold it for the long term. This significantly reduces the risk associated with keeping digital assets in an online wallet.
Decentralized exchanges offer greater privacy, transparency, and control over your assets. However, they may have lower liquidity compared to centralized exchanges, and transactions can sometimes be associated with higher fees depending on the blockchain network. Always conduct thorough research on the chosen DEX and understand its features before initiating transactions.

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Alternative methods to acquire MultiversX

Apart from directly buying MultiversX (EGLD), what are the alternative methods to acquire MultiversX ?

Fixed Auto-Investment in EGLD

Regularly invest a fixed amount at scheduled intervals in MultiversX (EGLD) digital assets, enjoying both short-term returns and long-term benefits.

Staking EGLD

Flexible staking of MultiversX (EGLD) digital assets to earn interest or high returns in other cryptocurrencies.

POS Mining

Holders acquire the right to validate nodes by locking a certain amount of MultiversX (EGLD). Elected nodes are responsible for generating new blocks and confirming transactions, receiving rewards typically in the form of newly issued tokens (or EGLD) and on-chain transaction fees.

Get MultiversX (EGLD) for free

If you have enough time, you can obtain MultiversX for free through the following methods:

- Invite friends to join the Bitrue coupon event and earn free MultiversX (EGLD).

- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free MultiversX.

- All cryptocurrency airdrops and rewards can be exchanged for EGLD through coin-to-coin exchange or spot trading.

How to keep your MultiversX safe and secure

Once you have purchased MultiversX, it is crucial to store it in a secure location.

If you are highly familiar with operating on-chain MultiversX wallets, you also have the option to store MultiversX (EGLD) separately in a personal encrypted wallet. This wallet serves to keep your MultiversX secure and accessible, allowing you to send and receive it while maintaining control.

To ensure the security of your MultiversX, consider the following types of encrypted wallets:

- Mobile Wallets: Store your private key in an application on your smartphone.

- Web Wallets: Third-party-controlled online servers that store your private key.

- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.

- Hardware Wallets: Physical devices for offline storage of private keys.

Note: Cryptocurrency wallets do not technically store your MultiversX encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.

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Some market stats about EGLD

Price Analysis

EGLDMultiversX Price Now:

$36.05-2%24H

MultiversX is falling this week.

The price of MultiversX has increased by 8.87% in the last 7 days. It has seen a -2.67% decrease in the past 24 hours and a 0% increase in just the last hour. The current price is $36.05 per EGLD. MultiversX is dropped -35.16% from its all-time high of $55.6.

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Calculate the Returns on Your MultiversX Investment

How much profit would I have if I bought $ worth of MultiversX in

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Returns based on the average MultiversX price for that year. Not financial advice.

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FAQ About Buy Crypto

What is MultiversX?

MultiversX (EGLD) is a cryptocurrency . MultiversX has a current supply of 27,084,925 with 27,079,773 in circulation. The last known price of MultiversX is 30.34305114 USD and is up 4.65 over the last 24 hours. It is currently trading on 249 active market(s) with $32,824,043.63 traded over the last 24 hours. More information can be found at https://multiversx.com/.

How many MultiversX are there in total?

The total supply of MultiversX is 27,826,928 and the Circulating Supply is 27,769,483 .

Why are people buying MultiversX?

People buy MultiversX for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, MultiversX serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing MultiversX include investment, risk diversification, and trust in new digital assets.

Should I buy MultiversX?

Deciding whether to buy MultiversX depends on individual financial goals, risk tolerance, and understanding of the digital asset market. MultiversX investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying MultiversX (EGLD) may be a suitable investment choice. However, remember that all investments come with risks.

Can I use cash to buy MultiversX?

Generally, buying MultiversX digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.

How much does it cost to buy 10 EGLD?

To purchase 10 EGLD, the cost in USD would be $360.5.

What can I do with MultiversX?

You can use MultiversX to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.

Disclaimer

Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.

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