How could I buy the cheapest Elrond token? Where is the smallest commission fee? – these seem to be the most frequent questions following which, taking into consideration that along the time I have used all the existing methods to buy EGLD, I have decided to share below some useful tips:
1. Wallet.elrond.com / Buy.elrond.com- fast and directly with your debit card, the simplest and most straight forward method, as the coins are sent directly to your wallet created on Wallet.elrond.com! Moreover, as another + point, from this wallet you can delegate your coins for which you can receive a pretty appealing interest, between 8–29% per year. Same as for the following mentioned cases, using Eur as buying currency is the most advantageous option.
2. TRANSAK.com – if you have Revolut, by far, the fastest way is to buy through transak.com. Steps to follow: transfer Eur or any other currency to Revolut-> exchange it in GBP -> send the order on transak through Bank Transfer -> pay by using Revolut ->. receive EGLD on the address selected by you. As main advantages I would highlight- best exchange rate on Revolut, lowest commission fee and EGLD price on transak! The buying limit is of 12,000 GBP per day. Attention: you can make the buying directly with debit card, but both price and transfer fee will be higher.
3. Crypto.com – it offers the possibility to buy directly with the debit card, within the limit of 6,000 EUR weekly! The acquisition price + transfer fee in a different wallet is similar to the one from transak.com.
4. Ldvbank.com – if you own Eur, the steps to follow are simple and a few – all that you need to do is to open an account on ldvbank.com, to transfer € in your new account and you can buy EGLD directly from their platform. If the currency owned is different than Eur then, the recommendation would be to exchange it in Eur through Revolut where it is usually the best rate, after which the above steps will be retaken. As a time line, the transfer is done in around 45 minutes during the day. Once bought, EGLD can be deposited either on their platform, either on your preferred wallet, the transfer fee being pretty low. As a positive point, on ldvbank.com there is no maximum limitation for buying!
5. Binance.com – verified users can buy directly with debit card within the limit of 5,000 EUR/day and 20,000 EUR/ week, without using different partners. The buying can be done by using coins such as: BTC, USDT, BUSD, a.o. If you choose to buy through their partners (Koinal, Simplex, Paxos) the price will be with around 2.5%-3,5% higher than the one from Binance, which is also with around 4% higher than the price displayed on CoinMarketCap.
Pay attention! Don’t buy coins from links received in private from unknown persons or from unofficial sites!
Don’t share any information regarding your wallet or any other private details!
