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Convert
Colombian peso (COP) to MultiversX (EGLD) Instantly

COP COP
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with Colombian peso (COP) 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 COP 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 is the most common method to buy MultiversX (EGLD) with Colombian Pesos (COP)?

    The most common method involves using a cryptocurrency exchange that serves as a fiat on-ramp for COP. Users typically register, complete KYC/AML compliance, and then deposit COP via local payment methods like PSE (Pagos Seguros en Línea) or bank transfers. Often, you may need to first buy a major cryptocurrency like BTC or USDT, and then trade it for EGLD on the platform's order book to acquire the digital asset.

  • What are the key technical features of MultiversX that make EGLD a notable digital asset?

    MultiversX stands out due to its unique architecture featuring 'Adaptive State Sharding,' which enables high scalability and throughput by parallelizing transaction processing. Its consensus mechanism, Secure Proof of Stake (SPoS), ensures network security with lower energy consumption compared to PoW. EGLD, or eGold, is the native token used for transaction fees, deploying smart contracts, staking to secure the network, and participating in governance, making it integral to the ecosystem's functionality.

  • After acquiring EGLD with COP, what is the most secure way to store it?

    For optimal security, you should transfer your EGLD from the exchange to a personal digital wallet where you control the private keys. The official MultiversX wallet, xPortal (formerly Maiar), is a popular and user-friendly option. For larger amounts, a hardware wallet (cold storage) offers the highest level of security against online threats. Always back up your seed phrase securely and never share it.

  • What are the typical fees associated with a COP to EGLD transaction?

    There are several potential fees. First, a deposit fee for funding your exchange account with COP, which can vary based on the payment method (e.g., PSE or bank transfer). Second, a trading fee, charged by the exchange as a percentage of the trade value when you convert COP to EGLD (or an intermediary asset). Finally, a withdrawal fee if you move your EGLD to an external digital wallet, which includes the very low MultiversX blockchain network fee.

  • Why is the COP/EGLD pair significant for users in Colombia?

    A direct COP/EGLD trading pair provides a crucial fiat on-ramp for Colombian users to access the MultiversX ecosystem. It allows for direct investment in a high-scalability, carbon-negative blockchain project known for its innovations in Adaptive State Sharding and SPoS. This enables participation in its DeFi applications, NFT marketplaces, and staking opportunities without needing to convert through multiple other foreign currencies or digital assets, thus reducing friction and potential costs.
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