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Convert
Swiss Franc (CHF) to MultiversX (EGLD) Instantly

CHF CHF
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with Swiss Franc (CHF) 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 CHF to EGLD Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your MultiversX Wallet Address

    Provide your EGLD wallet address and proceed with the payment.

  3. 03

    Receive Your MultiversX

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

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Frequently asked questions

  • What is the best way to buy MultiversX (EGLD) with Swiss Francs (CHF)?

    To purchase the eGold digital asset with Swiss Francs, the most common method is using a centralized cryptocurrency exchange that serves Switzerland. Look for platforms that offer a direct CHF/EGLD trading pair or accept CHF deposits via bank transfer. The process typically involves completing KYC/AML compliance, funding your account with CHF, and then executing a trade on the order book. Once purchased, you can transfer your EGLD to a secure digital wallet like the official Maiar Wallet for safekeeping.

  • What are the technical advantages of the MultiversX blockchain for transactions?

    The MultiversX network is known for its high scalability and low transaction costs, achieved through a technology called Adaptive State Sharding. This allows the blockchain to process a high volume of transactions in parallel. Furthermore, its Secure Proof of Stake (SPoS) consensus mechanism provides robust security while being energy-efficient. This technical architecture makes EGLD transactions fast and cost-effective, which is a key consideration for users converting from fiat currencies like CHF.

  • What types of fees are associated with converting CHF to EGLD?

    When converting Swiss Francs to EGLD, expect several potential fees. First, your bank may charge a fee for a wire or bank transfer to the exchange. Second, the cryptocurrency exchange itself will have a trading fee, often a small percentage of the transaction value. Finally, when you withdraw your EGLD to a private wallet like Maiar, there is a small blockchain network fee, paid in EGLD, to process the transaction on the MultiversX ledger.

  • How can I securely store EGLD after purchasing with Swiss Francs?

    For secure storage of your EGLD digital asset, it is highly recommended to move it off the exchange into a wallet where you control the private keys. The official Maiar Wallet is a user-friendly mobile option. For maximum security, especially for larger amounts, consider a hardware wallet compatible with the MultiversX network. This practice of self-custody protects your assets from exchange-related risks and gives you full control over your blockchain tokens.

  • What is the role of the Elrond Virtual Machine (VM) in the MultiversX ecosystem?

    The Elrond Virtual Machine is the core component that executes smart contracts and decentralized applications (dApps) on the MultiversX network. It is a purpose-built WASM execution engine, meaning it supports smart contracts written in various popular programming languages. For an EGLD holder, the VM's efficiency directly translates to faster and cheaper interactions with dApps, from DeFi protocols to NFT marketplaces, enhancing the utility of the eGold token within its native ecosystem.
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