How to buy Elrond (EGLD) in Australia
Learn how to buy Elrond (EGLD) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy Elrond
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Elrond.
- Open an account on an exchange that supports EGLD.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Elrond.
- Buy Elrond.
Complete your Elrond purchase and then find the best wallet to store EGLD.
What is Elrond?
Elrond (EGLD) is a unique blockchain protocol that has one main goal in mind – speed. According to Elrond documentation, the blockchain network is capable of executing 15,000 transactions per second (tps), which is a significant increase from Bitcoin’s 4.6 tps. This efficiency in smart-contract execution is intended to address the issue of scalability for decentralised applications built on top of the network. These speeds are achieved through a blockchain process called “sharding”. Sharding allows for the parallel processing of data using over 2,000 validator nodes. Elrond’s network works on a proof-of-stake consensus algorithm and initially operated on the Ethereum blockchain. However, it now boasts its own independent mainnet. EGLD is the native token of the Elrond network and is used for the management and security of the blockchain. Though originally minted as an ERC-20 (Ethereum-based) token, the tokens have now transitioned to the Elrond Mainnet. Holders of the coin can participate in securing the network either as a validator or delegator.
Elrond (EGLD) is the 46th largest cryptocurrency in the world by market cap, valued at $3,009,495,551. The current price of Elrond is $147.38, which is 3.326% higher than yesterday. Prices have ranged between $147.2 and $136.66 over the past 24 hours. All prices are listed in US dollars and accurate as of January 29, 2022 07:01 UTC.
Where to buy Elrond
Find an exchange to buy, sell and trade EGLD by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Is it a good time to buy Elrond?
The technical analysis gauge for Elrond displays real-time ratings for the timeframes you select. This is not a recommendation to buy, sell or trade. It represents a technical analysis of Elrond based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators based on the performance of Elrond: moving averages, oscillators and pivots. Finder is not responsible for how EGLD performs.
Elrond at a glance
|Total EGLD supply||20,397,843|
|All time high||US$545.64|
Elrond price performance over time
How to sell Elrond
You can cash out your EGLD with the same exchange you bought it through:
- Sign in to the exchange you have EGLD on.
If you store your Elrond in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of EGLD you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Elrond.
What to consider when buying ElrondAll cryptocurrency purchases should be fully evaluated for both risk and potential upside. With regards to Elrond (EGLD), here are a few things to consider:
- Token supply. The maximum circulation is capped at 31,415,926 coins. As of June 2021, there are 17,670,933 million in circulation, which is 56% of the coin’s max supply. The circulating tokens have been widely distributed, with 19% sold through private sales, 7% reserved for staking rewards and 19% rewarded to Elrond’s founders. Other distributions have also been made.
- Governance. Elrond’s roadmap outlined a governance and decentralisation update scheduled for Q4 2020; however, as of June 2021, there has been no update for the token-led voting system.
- Competition: Blockchains face 3 main issues: security, decentralisation and scalability/speed. These are often referred to as the blockchain trilemma. Elrond has determined that scalability is the most prominent and pressing issue to fix. However, Elrond is not the only blockchain to focus on this issue and is now situated within a saturated market. Solana, Stellar Lumens and Ripple are other prominent blockchains that focus on speed. Although Elrond is faster than these competitors, all three are currently far more popular. It is always advantageous to look for new protocols that match or even usurp Elrond’s transaction rate of 15,000 per second.
Elrond (EGLD) in the news
Weekend Watch: Crypto Recovery – Bitcoin Eyes $38K, SOL Spikes 8%
XRP Sold by Ripple Surges 46% in Q4 ($717M) Compared to Previous Quarter
Facebook and Instagram Reportedly Working on Adding Support for NFTs
Disclaimer: Cryptocurrencies, including Elrond, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of EGLD is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Elrond or any other cryptocurrency discussed.
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