How to Buy MultiversX (EGLD)

EGLD is the native cryptocurrency of the MultiversX (formerly Elrond) blockchain network, a platform built to support developing and deploying decentralized applications. It utilizes Adaptive State Sharding, which splits the MultiversX infrastructure into smaller groups, or shards. The project aims to provide fast, secure, and scalable transactions. 

EGLD serves as the primary means of value transfer within the MultiversX ecosystem, enabling participants to pay transaction fees and participate in governance. Additionally, EGLD holders may also engage in various activities within the digital economy, such as staking, yield farming, and liquidity provision. Here’s a quick guide on how to buy EGLD with a credit or debit card instantly. 

Where can I buy EGLD?

Eligible participants can acquire EGLD through Instant Buy, Convert functionality via CEX.IO Wallet, or using CEX.IO Spot Trading. Before purchasing EGLD, it’s recommended that users conduct thorough research, and consider factors like security, liquidity, customer support, and available payment methods to choose the platform that meets their unique needs. 

Those looking for beyond just a crypto exchange or a platform for selling crypto, can explore exchanges with diverse offerings. Some amenities to be on the look out for are a crypto trading app, the ability to explore advanced trading, crypto staking, or engage with savings services. 

In addition to the features mentioned earlier, CEX.IO allows its users to stake select digital assets and potentially receive up to 15% rewards.

How to buy EGLD with a credit or debit card on CEX.IO?

Curious participants can acquire EGLD hassle-free through the Instant Buy feature. Here’s a quick guide on how to purchase ELGD with a credit or debit card: 

1. Register – To create an account and obtain a crypto wallet, new users are prompted to provide their email address and create a password to complete the registration process.
2. Verify account – Once registered, users can elect to verify their identity by providing additional personal information and documentation, such as a government-issued I.D., proof of address, and a selfie to satisfy KYC/AML requirements.
3. Go to Instant Buy – From the dashboard, locate Instant Buy. Select the desired currency (USD, GBP, EUR), choose EGLD from the drop list, and click Buy Crypto Instantly. 
4. Enter the amount – On the following page, manually enter the desired amount of EGLD you wish to purchase, or select a predetermined denomination. 
5. Select payment method –  Once you’re satisfied with the amount, choose a preferred credit or debit card to continue the purchase. Other payment methods include Google Pay, Apple Pay, PayPal, bank accounts, e-wallets, and wire transfers. However, the availability of these methods varies between jurisdictions.
6. Enter card details – To make a one-time purchase, or link a card to your CEX.IO account, enter all requested information, such as the card number, expiration date, and CVV. Then, double-check the payment details before initiating the purchase. 
7. Confirm the transaction – Once the transaction has been initiated, confirm it via SMS or email code, depending on the card provider. After successfully completing the purchase, EGLD will be credited to their account balance. Customers can track the value and performance of their EGLD by visiting our crypto prices section.

Alternative payment methods to obtain EGLD?

In addition to traditional credit or debit card purchases, CEX.IO offers diverse avenues for obtaining EGLD that suit various needs and preferences. These methods provide flexibility and convenience to users seeking to diversify their purchasing solutions. Here are some alternatives to consider:

• Buy crypto with Apple Pay – Seamlessly integrates on iOS devices, providing users with an intuitive purchasing process for Apple users.
• Buy crypto with Google Pay – Similarly, Google Pay provides a convenient payment method for Android users looking to purchase EGLD.
• Skrill – The established online payment platform offers users the ability to buy cryptocurrencies at CEX.IO, including EGLD. Skrill wallets integrate alongside credit/debit cards, to offer a broader range of funding possibilities.
• Neteller – Like Skrill, users can buy EGLD using multiple Neteller funding sources for increased flexibility, and cross-platform accessibility.
• PayPal – This additional avenue to purchase EGLD is currently only available for U.S.-based users. 
• Direct Deposit via Crypto Wallet – Users can elect to directly deposit funds into their CEX.IO wallet to then purchase EGLD. This method can offer greater feelings of personal control, in that it can bypass the need for intermediaries.
• Bank transfers – Customers can fund their CEX.IO accounts directly from a bank account to enable cost-effective transactions for acquiring EGLD.

Disclaimer: Please note that availability of certain payment methods may vary depending on your jurisdiction.

FAQ

How to buy EGLD in the U.S.?

Unfortunately, due to regulatory limitations, EGLD is currently unavailable to customers residing in the United States. U.S. customers can explore our supported currencies, available for purchase via credit and debit cards, Apple Pay, Google Pay, and through our newly premiered crypto trading platform in the U.S., CEX.IO Spot Trading.

How to buy EGLD with a bank account? 

To purchase EGLD with a bank account on CEX.IO, users should log into their web accounts or download our crypto payment app for an on-the-go experience. After completing the verification process to satisfy our KYC/AML requirements, users may proceed to the deposit section to initiate bank transfers. In turn, bank transfers should also appear among the list of available payment methods if permitted in your jurisdiction.

How to store EGLD? 

Customers can store EGLD with their CEX.IO crypto wallet, and enjoy instantaneous access to funds wherever they get a connection. Alternatively, users can also choose to keep their EGLD coins in hardware or software wallets as well. 

Can I make online purchases with EGLD?

Yes, users can use their EGLD to make online purchases through the platform with CEX.IO Card. This crypto debit card allows eligible users to spend their cryptocurrencies directly from their CEX.IO accounts at participating merchants. Additionally, this feature empowers users to make online purchases using their crypto holdings without withdrawing funds to an external wallet or exchange.