MultiversX (EGLD) is a highly scalable and fast blockchain network designed for secure, decentralized applications.
With its growing popularity, many investors are looking to buy EGLD but may not know the best way to do so.
- Which exchanges support EGLD?
- How can you securely buy EGLD?
- What is the best way to store EGLD after buying it?
This article provides a detailed step-by-step guide on how to buy EGLD safely and efficiently.
Best Exchanges to Buy MultiversX (EGLD)
1. Bybit
Bybit is a top-tier cryptocurrency exchange, offering a secure and efficient trading experience for EGLD. With high liquidity and a user-friendly interface, it is a great option for investors.
2. MEXC
MEXC is well-known for listing a wide range of altcoins, including EGLD. It has a simple sign-up process and competitive trading fees, making it a solid platform to buy EGLD.
3. Bitget
Bitget provides a reliable and user-friendly trading environment. It offers secure trading infrastructure and fast execution, making it another excellent exchange for purchasing EGLD.
Now that you know where to buy EGLD, let’s go through the purchasing process step by step.
How to Buy MultiversX (EGLD)?
Step 1: Choose an Exchange and Register
Since EGLD is available on multiple platforms, the first step is selecting a reliable exchange such as Bybit, MEXC, or Bitget.
- Visit the official website of your chosen exchange.
- Create an account by providing your email address and setting up a secure password.
- Complete the KYC (Know Your Customer) verification by submitting identity documents.
- Enable two-factor authentication (2FA) for added security.
Step 2: Deposit Funds (USDT Recommended)
To purchase EGLD, you need to deposit funds into your exchange account. The most convenient option is using USDT, as EGLD is commonly paired with USDT for trading.
- If you already own USDT, deposit it into your exchange wallet.
- If you do not have USDT, purchase it using a credit card, bank transfer, or another cryptocurrency.
- Confirm that your funds are available in your exchange balance before proceeding.
Step 3: Buy EGLD on Your Chosen Exchange
Once you have USDT in your exchange wallet, you can proceed with purchasing EGLD.
- Navigate to the trading section of the exchange.
- Search for the EGLD/USDT trading pair.
- Enter the amount of EGLD you wish to purchase.
- Review the order details and confirm the transaction.
Step 4: Securely Store Your EGLD
After purchasing EGLD, it is recommended to store it securely in a private wallet rather than keeping it on an exchange.
- Hardware Wallets: Best for long-term storage and maximum security.
- Software Wallets: Good for regular access and usability.
- Exchange Wallets: Convenient but less secure for long-term holding.
Conclusion
This article has provided a step-by-step guide on how to buy EGLD efficiently and safely:
- Best exchanges to buy EGLD: Bybit, MEXC, and Bitget.
- Step-by-step process: Choose an exchange, deposit USDT, purchase EGLD, and store it securely.
- Security recommendations: Use 2FA, withdraw to a private wallet for better protection.
By following these steps, you can confidently acquire EGLD and take advantage of its potential in the blockchain ecosystem. Happy trading!
