The Fastest and Smartest Way to Buy Elrond (eGLD)

December 10, 2020

The Elrond community is growing fast, so is the Elrond cryptocurrency demand. I will share my experience on buying eGLD (mainnet) in this article which is an updated version from ERD (ERC20) token.

After trying a couple of methods of buying eGLD through various trading platforms, I concluded that the fastest (and smartest) method is using I received my eGLD in less than 5 minutes. How to do this:

I. Pre requisites:

1. Create a Revolut account — must be verified (KYC/AML)
- create a GBP (British Pound) account

2. Create a account — must be verified (KYC/AML)
For the verification process you’ll need:
— National ID card or Passport
— Driver’s ID card (optional)
— Utility bill for location confirmation
— Selfie
— ! important ! — when asked about your bank account — input the one created on Revolut

3. Make sure the credit/debit card you are going to use is not blocked or has a transaction limit.

II. Steps to follow on Revolut:

1. Attached a debit Card (Euro) to the Revolut account. You can use debit / credit card with any currency (RON, GBP, etc.).
2. Add money (in my case I used debit card in EUR).
4. Exchanged my EUR / RON to GBP.
5. Now I’ll have some Pounds in your GBP account

III. Steps to follow on

1. On website choose to pay with GBP
2. For payment method choose Bank Transfer
3. Select eGLD for crypto
4. Select Buy Now

Image for post
Buy Now

5. In the following screen insert your eGLD address (erd1…) where to receive eGLD. Select Buy eGLD.

Image for post
Buy eGLD

6. Click “Confirmed” > “I Understand The Risks”

Image for post
“Confirm” > “I Understand The Risks”

7. The buy order is displayed:
— the sum you have to pay / transfer
— the beneficiary name (Light Technology Limited)
— Account Number (00001008 — this is for GBP)
— Sort Code (04–05–41)
— Reference Code (will be unique for each client) — this is very important!!!

Image for post
Waiting for manual payment

IV. Back on Revolut:

In payments > Bank Account > select Add Bank Account > transfer type > To a business > Country: United Kingdom, Currency: British Pound. Here insert the dates from the buying order. Don’t forget the reference code!!! Without it the transaction can’t be matched. Also, the exact sum from the buy order from should be sent.

Image for post
Review transfer

Note: use the following Bank Address in Revolut for the Beneficiary bank address: Unit 6 Queens Yard, White Post Lane, London, E9 5EN United Kingdom

All actions on Revolut side are to be made only for the first transaction because this Beneficiary (Light Technology Limited) will be saved on the Bank transfer payments list.

V. Back on

  1. Scroll down > Check “I have transferred exactly XX to the above account… ”
  2. Click I have Paid
Image for post
Click I have Paid

3. Now wait for the transfer to be processed and you should receive your eGLD shortly.

Image for post
Transferring Crypto
Image for post
Transfer Completed

That’s all folk! Congratulations for being part of such a spectacular journey!

No 'MonsterInsights_Popular_Posts_Widget_Sidebar' widget registered in this installation.

Leave a Reply

Your email address will not be published. Required fields are marked *

1 × three =