A Step-by-Step-Guide on how to buy Elrond (EGLD) in Anguilla
Step 1 – Signup to Coinmama You will first need to purchase units of the top-tier coins. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Elrond (EGLD) is available on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you've selected the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow these easy steps).
Step 3 – Locate Elrond (EGLD) As soon as your deposit has been confirmed, you'll directly have access to your assets and you can begin purchasing and trading. To buy Elrond (EGLD) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To locate Elrond (EGLD), you'll need to insert the cointype (EGLD) into the search box, which is marked in the graphic. Make sure you have selected the correct grouping, we have highlighted this also. Click on “EGLD/BTC” to continue.
Step 4 – Buying Elrond (EGLD) After you've spotted Elrond (EGLD), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to make our own Limit Order. The ”Price” field will be filled automatically with the most recent valuation Elrond (EGLD) was traded for. This can be changed to your preferred price. The ”Amount” field is the amount of EGLD you wish to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the complete amount of EGLD. If you're satisfied, click on “Buy EGLD”. Your plan will be filled when a Seller trades their EGLD for the price you submitted.
Step 5 – Withdraw Elrond (EGLD) Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Elrond (EGLD), hover over the ”Funds” tab and mouse click on “Withdraw”. Elrond (EGLD) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Elrond (EGLD) by using the provided drop-down box. Drop in the amount of Elrond (EGLD) you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have entered your precise withdraw address. When you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.
Congratulations! You have successfully purchased and stored Elrond (EGLD) in Anguilla.That's it! Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Elrond (EGLD) is safe in your wallet, you're all done.
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