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What is MultiversX?

MultiversX (EGLD), formerly known as Elrond Network, is a highly scalable public blockchain designed to support global adoption through improved performance, user experience, and decentralisation. It uses a sharded architecture and a secure PoS consensus mechanism to achieve efficiency and scalability.

  • MultiversX utilises sharding, a method of parallel processing for data and transactions, allowing its performance to scale with network growth, reaching over 100,000 transactions per second (TPS) while maintaining decentralisation.
  • The network is secured by over 3,000 validator nodes, ensuring a robust and decentralised infrastructure capable of handling high transaction volumes.
  • EGLD is the native token of MultiversX, used for staking, protocol governance, transaction fees, validator rewards, and smart contract deployment, supporting a wide range of decentralised applications.

MultiversX aims to provide a scalable and secure blockchain infrastructure for global adoption. By combining high transaction speeds with decentralisation, it seeks to enhance user experience and accessibility, making blockchain technology more efficient and widely usable.

How do I swap MultiversX?

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Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about MultiversX

Why Should I Trade EGLD with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over three million Australians. We make it easy to buy and sell MultiversX no matter what your trading experience is. Unlike other international and Australian MultiversX exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy MultiversX with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade MultiversX how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your MultiversX?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your MultiversX for free.

Cold Storage

If you are holding MultiversX as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy MultiversX. We are trusted by over three million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for MultiversX. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
MultiversX has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As MultiversX is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual MultiversX exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in MultiversX & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying MultiversX safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your MultiversX portfolio here.
Yes! With CoinSpot you can convert your MultiversX to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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