Convert
Brazilian Real (BRL) to MultiversX (EGLD) Instantly
Purchase MultiversX (EGLD) with Brazilian Real (BRL) 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.
How to Buy MultiversX (EGLD)
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Frequently asked questions
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What is the most common way to buy MultiversX (EGLD) with Brazilian Real (BRL)?
The most common method is using a cryptocurrency exchange that serves as a fiat on-ramp for BRL. Users typically create an account, complete KYC/AML compliance, and deposit Brazilian Reals via methods like Pix or TED bank transfer. Once the BRL is credited, you can execute a trade on the EGLD/BRL order book to purchase the digital asset and then transfer it to a secure digital wallet like xPortal. -
What are the advantages of a direct BRL/EGLD trading pair?
A direct BRL/EGLD pair offers direct access to the MultiversX ecosystem for Brazilian investors. It eliminates the need for double conversion (e.g., BRL to USD, then USD to EGLD), which can reduce transaction fees and price slippage. This provides a more efficient on-ramp to engage with MultiversX's high-throughput blockchain, which utilizes Adaptive State Sharding for scalability. -
How does MultiversX's Secure Proof of Stake (SPoS) consensus affect my EGLD holdings?
MultiversX's Secure Proof of Stake (SPoS) consensus allows you to actively participate in network security and earn rewards by staking your EGLD. After purchasing EGLD, you can delegate it to a validator node from a non-custodial wallet like xPortal. This helps secure the blockchain and, in return, you receive a portion of the network rewards, increasing your total EGLD holdings over time without active trading. -
What are the typical transaction fees when using BRL payment methods like Pix for EGLD?
Fees consist of several parts. First, the fiat on-ramp might have a deposit fee for BRL, though Pix transfers are often free or very low-cost. Second, the cryptocurrency exchange charges a trading fee (maker/taker model) for the BRL to EGLD conversion. Finally, when you move your EGLD off the exchange, there is a blockchain transaction fee, which on the MultiversX network is dynamically calculated based on the computational steps required by the transaction within its WebAssembly (WASM) VM. -
Besides trading, what can I do with EGLD tokens within the MultiversX ecosystem?
EGLD is the native utility token of MultiversX. Beyond trading, you can use it for staking via the Secure Proof of Stake (SPoS) mechanism, participating in governance votes, paying for blockchain transaction fees, and deploying smart contracts. It's also the primary currency for interacting with decentralized applications (dApps) and purchasing esDT tokens (Elrond Standard Digital Tokens) within the ecosystem.