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Convert
Azerbaijan Manat (AZN) to MultiversX (EGLD) Instantly

AZN AZN
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with Azerbaijan Manat (AZN) 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 AZN 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 to buy MultiversX (EGLD) with Azerbaijani Manat (AZN)?

    Direct AZN/EGLD pairs are rare on major cryptocurrency exchanges. The most common method is using a peer-to-peer (P2P) platform where you can find local sellers. Alternatively, you can use a local fiat gateway to purchase a major stablecoin like USDT with AZN via a bank transfer, and then trade that USDT for EGLD on an exchange that supports the MultiversX network.

  • What is the core technology behind MultiversX (EGLD) that makes it unique?

    MultiversX's primary innovation is 'Adaptive State Sharding,' a method that splits the network's infrastructure to process transactions and operations in parallel, enabling massive scalability and high throughput. This is combined with its 'Secure Proof of Stake' (SPoS) consensus mechanism, which offers high security and efficiency while allowing EGLD holders to participate in network validation and earn staking rewards.

  • What is an ESDT token and why is it relevant after buying EGLD?

    ESDT (Elrond Standard Digital Token) is the native token standard on the MultiversX blockchain, similar to ERC-20 on Ethereum. After acquiring EGLD, you can use it to interact with decentralized applications (dApps) within the MultiversX ecosystem, many of which use ESDT tokens for governance, utility, or as digital assets. EGLD is required to pay for transaction fees (gas) when you transfer or trade these native assets.

  • What security precautions are vital when using P2P platforms for an AZN to EGLD transaction?

    When using P2P services, always prioritize platforms with a robust escrow system. Verify the seller's reputation, including their trade history and user feedback. Communicate only within the platform's official chat to maintain a record. For receiving your digital asset, provide the address from a secure, non-custodial wallet like the xPortal App where you control the private keys. Never share your private keys or recovery phrase with anyone.

  • Will I need to complete KYC/AML verification to trade AZN for EGLD?

    Yes, it is highly likely. Any reputable fiat on-ramp, centralized exchange, or regulated P2P platform that facilitates the conversion of a fiat currency like AZN into a digital asset is required by law to perform Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. This typically involves submitting identification documents and proof of address to ensure regulatory compliance.
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