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What is Elrond?

Elrond (ERD) aims to be a high throughput blockchain, focused on providing security, efficiency, scalability and interoperability.

  • By providing highly scalability, fast transaction speeds, & low cost transactions, Elrond believes it is well suited for machine to machine transactions and the IoT economy.
  • They seek to provide competitive and efficient dApp user experiences for real world use cases.
  • All costs for processing transactions, running smart contracts and rewards are paid in ERD tokens.

The Elrond team believes that many cryptocurrency and smart contract platforms have become promising potential solutions for electronic payments, dApps or potential digital stores of value. However, many other platforms have limitations, particularly in regards to scalability. The team looks to address this issue and provide a blockchain suitable for mainstream adoption and public use

How do I swap Elrond?

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

Learn more about Elrond

Why Should I Trade ERD with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Elrond no matter what your trading experience is. Unlike other international and Australian Elrond 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 Elrond 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 Elrond 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 Elrond?

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 Elrond for free.

Cold Storage

If you are holding Elrond 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 Elrond. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Elrond. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Elrond has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Elrond 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 Elrond 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 Elrond & 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 Elrond 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 Elrond portfolio here.
Yes! With CoinSpot you can convert your Elrond 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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