How & where to buy MultiversX (EGLD) online

Use our step-by-step guide to learn how and where to buy MultiversX on the top 5+ crypto exchanges.
By:
Updated: May 10, 2023
Listen

Trade global markets with our top-rated broker, Interactive Brokers.

8/10
Interactive Brokers (U.K.) Limited is authorised and regulated by the Financial Conduct Authority. FCA Register Entry Number 208159. Products are only covered by the UK FSCS in limited circumstances.
Visit site

MultiversX tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy MultiversX this way. Follow our quick step guide below.

How to buy MultiversX instantly in 3 simple steps

Copy link to section

To buy MultiversX you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to OKX

Copy link to section

OKX is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.

1
Min. Deposit
$ 50
Best offer
User Score
9.3
Log in using the app and claim the Mystery Box to receive up to $10,000 in reward
One of the top digital asset exchanges by trading volume
Serving millions of users in over 100 countries
Start Trading
Payment Methods:
AdvCash, AliPay, American Express, Bank Transfer, Banxa, Credit Card, Debit Card, Discover, Mastercard, Mercada Pago, PayPal, Payoneer, PicPay, QIWI, SEPA, Simplex, Visa, WeChat, Wire Transfer, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , skrill
Full Regulations:
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.

Step 2. Make a deposit

Copy link to section

Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as £10.

Step 3. Buy MultiversX token

Copy link to section

Type EGLD into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.

Now you own MultiversX tokens! It’s as simple as that.

Where to buy EGLD easily

Copy link to section

The overall best exchange to buy MultiversX token for beginners is OKX .

Here are the top five places to buy MultiversX, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Sort by:

1
Min. Deposit
$ 50
Best offer
User Score
9.3
Log in using the app and claim the Mystery Box to receive up to $10,000 in reward
One of the top digital asset exchanges by trading volume
Serving millions of users in over 100 countries
Start Trading
Payment Methods:
AdvCash, AliPay, American Express, Bank Transfer, Banxa, Credit Card, Debit Card, Discover, Mastercard, Mercada Pago, PayPal, Payoneer, PicPay, QIWI, SEPA, Simplex, Visa, WeChat, Wire Transfer, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , skrill
Full Regulations:
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.
2
Min. Deposit
$ 5
Best offer
User Score
9.0
Combines a user-friendly platform and low fees
Largest digital asset exchange in the Netherlands
Trade over 50 digital assets and pay a maximum trading fee of 0.25%
Start Trading
Payment Methods:
Credit Card, Debit Card
Full Regulations:
3
Min. Deposit
-
Best offer
User Score
9.0
Sign Up Bonuses
App Available
Supports Multiple Altcoins
Start Trading
Payment Methods:
AdvCash, American Express, Apple Pay, Bank Transfer, Banxa, Credit Card, Debit Card, Discover, Mastercard, Payeer, Perfect Money, SEPA, Simplex, WebMoney, neteller, , , , , skrill
Full Regulations:

Read more about how we rate, rank and review platforms.

Best exchanges to buy MultiversX (EGLD), reviewed

Copy link to section

1. OKX. Best for futures and margin trading

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Stake ETH to freely mint FIFA WORLD CUP 2022 NFTs & big prizes 350+ cryptocurrencies & NFTs available across 650+ trading pairs Crypto spot & derivative markets available Pay using hundreds of local payment methods
Not available in the US Lack of fiat withdrawal options

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Visit OKX OKX Review
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.

2. KuCoin. Best social trading altcoin exchange

...

Fees

...

Minimum deposit

...

No. assets

No

Demo/virtual account

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees
Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.

KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Visit KuCoin KuCoin Review

How to trade EGLD

Copy link to section

You can trade MultiversX on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how EGLD crypto trading works:

  1. Monitor the price: Let’s say the price of EGLD/USDT is $1. You read the price charts and decide that now is a good time to start purchasing EGLD.
  2. Open a trade: You trade one USDT for one EGLD ($1 for 1 EGLD).
  3. Continue to monitor the price: The next day, one EGLD token is now worth $2, a 100% increase.
  4. Close your trade: You trade your EGLD token back to USDT for $2.

In this example, you buy and sell MultiversX, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

1
Min. Deposit
$ 50
Best offer
User Score
9.3
Log in using the app and claim the Mystery Box to receive up to $10,000 in reward
One of the top digital asset exchanges by trading volume
Serving millions of users in over 100 countries
Start Trading
Payment Methods:
AdvCash, AliPay, American Express, Bank Transfer, Banxa, Credit Card, Debit Card, Discover, Mastercard, Mercada Pago, PayPal, Payoneer, PicPay, QIWI, SEPA, Simplex, Visa, WeChat, Wire Transfer, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , skrill
Full Regulations:
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.

What is the best way to pay for MultiversX (EGLD)?

Copy link to section

The simplest way to buy MultiversX cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for EGLD.

  • Buy MultiversX with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy MultiversX with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
  • Buy MultiversX with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store MultiversX (EGLD)?

Copy link to section

Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of MultiversX then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best MultiversX wallets to use are MetaMask and the Ledger Nano S.

Is MultiversX (EGLD) a good investment?

Copy link to section

Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of MultiversX and its token to help you decide whether to invest in EGLD.

  • The MultiversX blockchain network is scalable. MultiversX wants to be the place where developers can build a new internet economy. This means being able to host fintech and decentralised finance applications, which have to cope with a large number of transactions to have any chance of achieving widespread acceptance. The MultiversX network is scalable and can cope with significantly more transactions per second (TPS) than many competitors.
  • Transactions on the MultiversX blockchain are fast and cheap. The MultiversX network uses a process called Adaptive State Sharding to process transactions faster and more efficiently. The MultiversX developers use a network called Adaptive State Sharding, where there are four ‘shards’: three execution shards and one coordination shard, as opposed to one on other blockchain networks. This way, it can do triple the amount of work, as each execution shard can run simultaneously, and doesn’t suffer from the same bottlenecking issue that plagued Ethereum 1.0, for example, where the network couldn’t cope with a lot of transactions at once.
  • You can earn staking rewards for holding EGLD and helping the MultiversX blockchain to run. EGLD token holders can earn rewards by staking their coins to help things run smoothly and its reward payments are some of the best around. That means you can earn interest just for holding MultiversX, like having money in a savings account. In addition, 10% of every transaction fee is held back to pay out community rewards and other incentives to people who use the MultiversX platform.
  • Smart contracts on the MultiversX blockchain use simple coding language. This is another important aspect that helps its blockchain scalability. Developers can easily create smart contracts in a variety of coding languages through the Elrond Virtual Machine. Rather than having to learn a specific code, they can code using common languages like C++ and Python. This should help to attract new digital economy projects to the MultiversX platform, ahead of its competitors. 
  • EGLD is a means of payment on any project on the MultiversX blockchain. You can use EGLD as a transfer of value and access cheaper transaction fees. The total EGLD supply is also fixed, so the circulating supply can never exceed 20 million.

Use this quick summary of pros and cons to compare MultiversX with other, similar projects.

Pros

Copy link to section
  • The MultiverseX blockchain is super scalable thanks to Adaptive State Sharding blockchain technology
  • EGLD transactions cost as little as $0.001
  • You can earn staking rewards for holding EGLD tokens
  • The platform is well-established and stable, having held its initial exchange offering (IEO) in 2019
  • MultiversX’s founders, Lucian Todea and brothers Benjamin and Lucian Mincu are still heavily involved

Cons

Copy link to section

Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

How has MultiversX (EGLD) performed this year?

Copy link to section

The current MultiversX price today is $59.65, which is 87.84% below its all time high of $490.91, which it reached on 23 November 2021. EGLD is down 75.39% this year, with a 52 week high of $490.91 and a 52 week low of $41.62.

Is now a good time to buy MultiversX?

Copy link to section

The answer depends on the current price and your own investment goals. Put simply, buying MultiversX, selling MultiversX, and trading EGLD are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy MultiversX.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of MultiversX and its decentralised aggregator platform, then a good time to purchase MultiversX is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying MultiversX and selling it the next day probably isn’t why you’re here either.

Regardless, closely following EGLD price news & analysis will help you decide when to pull the trigger:

Zilliqa and Elrond have risen as two top altcoins on investors’ radar as they battle the crypto market correction. On the other hand, a new altcoin in presale, Pullix, has seen a huge rise in demand. The value of the PLX token is expected increas 580% during the presale phase. Zilliqa (ZIL) ho
Get started with EGLD

FAQs

Copy link to section
Where can I buy MultiversX (EGLD)?
What do I need to buy EGLD?
Is MultiversX on Coinbase?
Is MultiversX on Binance?
Is MultiversX on eToro?
What is the best wallet to store EGLD?


Sources & references
Risk disclaimer
James Knight
Editor of Education
James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.