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Convert
Australian Dollar (AUD) to MultiversX (EGLD) Instantly

AUD AUD
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with Australian Dollar (AUD) easily at Switchere and benefit from fast, secure transactions.

About
MultiversX (EGLD)

MultiversX (EGLD), formerly known as Elrond, is a high-performance Layer 1 blockchain platform engineered to provide internet-scale throughput, security, and developer-friendly tools for Web3 applications. Its core mission is to solve the scalability trilemma, providing the foundational infrastructure for DeFi, NFTs, and the Metaverse without compromising decentralization. The network's impressive performance is driven by two key innovations: Adaptive State Sharding and a Secure Proof of Stake (SPoS) consensus mechanism. Adaptive State Sharding is a comprehensive scaling solution that parallelizes transaction and network processing across dynamic shards, enabling the blockchain to scale linearly with demand. This ensures low transaction costs and high throughput for a seamless user experience.

The SPoS consensus algorithm complements this scaling technology by providing enhanced security and efficiency, introducing a random selection of validators within shards to reduce latency and energy consumption. The native digital asset, EGLD, is the cornerstone of this ecosystem. It functions as a utility token for paying transaction fees, deploying smart contracts, and staking. Holders can stake their EGLD to participate in network validation, contributing to its cryptographic security while earning rewards. EGLD also serves as a governance token, allowing participants to vote on protocol upgrades, making it essential for all on-chain operations and interactions within its expanding suite of DeFi applications.

MultiversX (EGLD)

How to Buy MultiversX (EGLD)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose AUD to EGLD Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your MultiversX Wallet Address

    Provide your EGLD wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your MultiversX

    Complete the payment, and your EGLD will be sent to your wallet.

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Frequently asked questions

  • What are the common methods for purchasing MultiversX (EGLD) with Australian Dollars (AUD)?

    To purchase the EGLD digital asset with AUD, the most common method is using an AUSTRAC-registered cryptocurrency exchange that offers a direct AUD/EGLD trading pair. Users typically deposit Australian Dollars via fiat on-ramp methods like PayID, BPAY, or a standard bank transfer. Once the AUD is credited, you can place an order on the exchange's order book to convert it to EGLD.

  • What is the core function of EGLD in the MultiversX network architecture?

    EGLD is the native digital asset of the MultiversX blockchain. Its primary functions include paying for transaction fees, deploying and interacting with smart contracts, and participating in the network's governance. Crucially, it's used for staking within MultiversX's Secure Proof of Stake (SPoS) consensus mechanism, which allows validators to secure the network and earn rewards. This architecture, featuring Adaptive State Sharding, is designed for high scalability and low latency.

  • After converting AUD to EGLD, what's a secure way to store my MultiversX tokens?

    For secure storage after a fiat gateway transaction, it is highly recommended to withdraw your EGLD from the cryptocurrency exchange to a non-custodial digital wallet where you control the private keys. The native wallet for the ecosystem is the xPortal App (formerly Maiar). For enhanced security, especially for significant amounts, using a hardware wallet compatible with the MultiversX network offers the best protection against online threats.

  • Are there specific regulatory considerations, like KYC, when trading the AUD/EGLD pair in Australia?

    Yes, absolutely. Any cryptocurrency exchange operating in Australia and offering fiat on-ramp services for AUD must be registered with AUSTRAC (Australian Transaction Reports and Analysis Centre). This requires them to enforce strict KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance procedures. Therefore, you will need to verify your identity before you can deposit AUD and trade it for EGLD.

  • What kind of fees can I expect when processing an AUD to EGLD transaction?

    There are typically three potential fees: 1) A deposit fee for adding AUD to the exchange, although many platforms offer free deposits via PayID or bank transfer. 2) A trading fee, which is a small percentage of the total trade value when you convert AUD to EGLD on the order book. 3) A withdrawal fee, which is a flat EGLD amount charged by the exchange to cover the MultiversX blockchain transaction cost when you move your EGLD to an external wallet.
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