Buy MultiversX (EGLD)

Follow the steps below to easily and securely buy MultiversX.

You can securely store your MultiversX in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your MultiversX. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy MultiversX with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in MultiversX with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy MultiversX through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying MultiversX is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like MultiversX involves risks of losses. You can lose (part of) your deposit. Before you decide to buy MultiversX, it is important to understand the risks.

Volatility: The price of MultiversX can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of MultiversX is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy MultiversX through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy MultiversX or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

At Finst, we support several order types to buy MultiversX: Market Order, Limit Order, and Auto Invest (DCA).

- With a Market Order, you buy MultiversX instantly at the best available market price.

- Do you want to buy MultiversX at a lower price? With a Limit Order, you set the maximum price you're willing to pay for MultiversX. Your order will be executed once your limit price is reached on the market.

- Do you want to invest in MultiversX without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

Yes, on our platform, you can easily buy MultiversX with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of MultiversX reaches your limit price or lower.

A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA MultiversX without any action required or additional fees.

Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.

MultiversX is a blockchain network designed to securely, efficiently, and scalably develop decentralized applications (dApps) and metaverse projects. MultiversX tackles the scalability problem of older blockchains and focuses on the following core principles:

• Security: With a robust security mechanism, users can securely perform transactions on applications and metaverse projects within the MultiversX ecosystem.
• Efficiency: Transactions on MultiversX are carried out efficiently with low transaction fees.
• Scalability: MultiversX is highly scalable, meaning it should be able to process tens of thousands of transactions per second (TPS).
• Compatibility: MultiversX is currently interoperable with Ethereum and Binance Smart Chain (BSC). Through bridges, tokens like EGLD, ERC-20 tokens, and BEP-20 tokens can be transferred to and from MultiversX. In the future, MultiversX aims to be compatible with other chains, like blockchains that use the Ethereum Virtual Machine (EVM).

MultiversX was previously known as Elrond but has undergone a rebranding to focus more on products and services designed for the Metaverse. Developed services include xFabric, xPortal, and xWorlds:

• xFabric: With xFabric, developers can easily build applications for the metaverse, which can then be easily deployed.
• xPortal: Built metaverse applications are stored open-source in xPortal. This is a digital hub where users can access applications and services.
• xWorlds: Within xWorlds, all online and virtual worlds built on MultiversX can be found.

MultiversX uses an innovative form of sharding and a unique PoS model that makes the network both scalable and secure:

• Adaptive State Sharding: MultiversX uses Adaptive State Sharding, an advanced sharding infrastructure. Sharding splits transactions across different shards. These are processing units that work in parallel, so the load is distributed, and shards don’t have to wait for each other. This makes the system highly scalable and fast. The unique aspect of Adaptive State Sharding is that it dynamically adjusts to the network load. This optimizes efficiency, resulting in transaction throughput much higher than that of other blockchains.
• Secure Proof-of-Stake (SPoS): To validate transactions and add new blocks to the MultiversX blockchain, a variant of Proof-of-Stake is used, namely Secure Proof-of-Stake (SPoS). This variant is similar to traditional Proof-of-Stake but takes extra measures to ensure security, particularly through advanced validator selection. A validator is a user who stakes their tokens (in the case of MultiversX, EGLD-tokens) in a staking pool. By doing so, the user helps the network execute transactions and secure it. In return, the validator is rewarded with EGLD tokens.

As mentioned, SPoS incorporates additional security measures, particularly with advanced validator selection. This includes a random selection of which validator gets to add a new block. In practice, this validator is then added to a shard, which consists of a group of validators. Periodically, the validators are swapped out to promote the decentralization of the network.

MultiversX was founded in 2017 by Benjamin Mincu, Lucian Mincu, and Lucian Todea, along with a team of experienced professionals in blockchain technology. The project was originally known as Elrond. In 2022, it underwent a rebranding to MultiversX to shift its focus more toward the metaverse.

EGLD is the native coin of MultiversX. The coin plays an important role in the ecosystem. Here’s what you can do with EGLD:

• Transaction Fees: EGLD can be used to pay for transaction fees on the network.
• Smart Contract Execution: EGLD is used to execute smart contracts on the network.
• Staking: Users who stake EGLD-tokens in staking pools can earn extra income.