How to Buy Elrond (EGLD) in Armenia

A Step-by-Step-Guide on how to buy Elrond (EGLD) in Armenia

Step 1 – Join Coinmama

You will first need to buy one of the bigger currencies. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and receive your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Elrond (EGLD) is accessible on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow these easy steps)

Make sure you've chosen the right coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our manual).

Step 3 – Locate {Elrond (EGLD)|(EGLD) Elrond}

As soon as your deposit has been confirmed, you will now have access to your funds and you can start invest and trading. To invest in {Elrond (EGLD)|(EGLD) Elrond} on Binance, you will want to hover over the ”Exchange” tab and then mouse click on “Basic”.

In order to locate {Elrond (EGLD)|(EGLD) Elrond}, you will need to insert the cointype (EGLD) into the search-box, which is highlighted in the graphic. Make sure you have choosen the right pairing, we've highlighted this too. Click on “EGLD/BTC” to go on.

{How to buy Coin on Binance 1|Binance How To Buy 1} Elrond (EGLD)
Step 4 – Purchase {Elrond (EGLD)|(EGLD) Elrond}

Once you have located {Elrond (EGLD)|(EGLD) Elrond}, you will be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). Next we are making our own Limit Order.

The field with the “Price” tag will be automatically filled with the up-to-date tariff {Elrond (EGLD)|(EGLD) Elrond} was traded for. You can change this to your preferred rate. The ”Amount” field is the volumen of EGLD you wish to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the complete volumen of EGLD.

When you are happy, make a mouse click on “Buy EGLD”. Your plan will be filled as soon as a Seller sells their EGLD for the price you introduced.

Step 5 – Withdraw {Elrond (EGLD)|(EGLD) Elrond}

Unless you're trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extensive time frame. To take off your {Elrond (EGLD)|(EGLD) Elrond}, go to the ”Funds” tab and mouse click on “Withdraw”. {Elrond (EGLD)|(EGLD) Elrond} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Elrond (EGLD)|(EGLD) Elrond} by using the provided drop-down box. Drop in the amount of {Elrond (EGLD)|(EGLD) Elrond} you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you're happy, click “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Kudos! You've successfully purchased and safed Elrond (EGLD) in Armenia.

That's it!

Take offs from Exchange can take anywhere from 1 – 30 minutes (depending on network usage). Once you have proved your withdrawal using Ethplorer.io or Etherscan.io and the {Elrond (EGLD)|(EGLD) Elrond} is stored in your wallet, you're all done.

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