Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Elrond eGold. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Elrond eGold

Australia has a decent amount of popular and regulated crypto trading platforms, so it’s quite easy finding an exchange that has Elrond eGold. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Elrond eGold in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Elrond eGold

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Elrond eGold in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Elrond eGold, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Elrond eGold.

If you’d like to know more about which exchanges we recommend, look at our list of the cryptocurrency trading platforms.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Elrond eGold, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Elrond eGold

The final step is to go to their asset list, find Elrond eGold, navigate to the buy section, and then trade your AUD for some EGLD. Once you’ve bought Elrond eGold, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Elrond eGold (EGLD)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Elrond eGold

If you’re thinking about selling Elrond eGold, just follow the steps below.

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on Elrond eGold in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Elrond eGold for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Elrond eGold in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Elrond eGold with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Elrond eGold. Have a look on their site first, you might be lucky.

How to buy Elrond eGold with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Elrond eGold with your credit/debit card.

About Elrond eGold

Elrond is a blockchain protocol that aims to offer extremely fast transaction speeds via sharding. This project is described by the technology ecosystem that will allow the internet to evolve. It includes fintech, decentralized finance, and the Internet of Things. Smart contracts execution platform can execute 15,000 transactions every minute with a six second latency of 0.001 as well as a transaction cost $0.001.

Blockchain's native token is eGold, or EGLD. It can be used for network fees, staking and reward validators.

Elrond made its first public announcement in August 2019. The mainnet was launched in July 2020.

Elrond, a blockchain platform, supports the new internet economy, distributed applications and enterprise use. Its main selling point is its large scale. This is due to the fact that Elrond is the first network of Blockchains where state, network and transaction sharding can all be implemented. Its economic paper states it aims at creating an ecosystem and making EGLD a store of value asset.

2,169 validator nodes are used to run the network, which is divided into four shards. Each execution shard can process 5,400 transactions per second. One coordination, the "Metachain," is also available. Elrond's adaptive shattering architecture completely severs state and transactions. It can add another shard to increase throughput if it isn't meeting its demand. When there are 1,500 nodes available in public environments, it can run 263,000 TPS. They come from 29 different countries and are divided into 50 shards.

Developers who use the platform to improve adoption are supported by this project. They will be able to receive 30% of smart contract fees in royalties

The company's first year saw the creation of a supply of EGLD tokens, which can be staked on its network. The annual percentage for validator nodes is 36%.

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