1. Home
  2. Converter
  3. Hungarian Forint (HUF) to MultiversX (EGLD)

Convert
Hungarian Forint (HUF) to MultiversX (EGLD) Instantly

Purchase MultiversX (EGLD) with Hungarian Forint (HUF) 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)

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 HUF 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.

Popular Coins for Hungarian Forint (HUF)

Other Coins for Hungarian Forint (HUF)

Frequently asked questions

  • What is the best way to start buying MultiversX (EGLD) with Hungarian Forint (HUF)?

    To start, find a reputable cryptocurrency exchange that acts as a fiat on-ramp for HUF. You'll need to complete the KYC/AML compliance process, then deposit HUF via a supported method like a bank transfer. Once your account is funded, you can navigate to the EGLD/HUF trading pair or convert HUF to a stablecoin like USDT first to execute the digital asset purchase on the order book.
  • What makes MultiversX's technology a compelling reason to convert HUF to EGLD?

    MultiversX stands out due to its unique blockchain architecture featuring 'Adaptive State Sharding,' which allows for massive scalability and high throughput. Its 'Secure Proof of Stake' (SPoS) consensus mechanism is highly efficient and secure. For developers, the support for WebAssembly (WASM) VMs enables building complex dApps. Acquiring EGLD with HUF gives you direct access to participate in this ecosystem, whether through staking, governance, or using its native eStandard tokens (ESDT).
  • After buying EGLD with HUF, how should I securely store and use it?

    For maximum security, you should withdraw your EGLD from the exchange to a non-custodial digital wallet where you control the private keys. The official MultiversX wallet, xWallet (formerly Maiar), is highly recommended. From your wallet, you can engage in secure trading, participate in staking to help secure the network via SPoS consensus, and interact with the growing number of decentralized applications on the MultiversX blockchain.
  • What are the typical fees when processing a HUF to EGLD transaction?

    The total cost involves several components. First, a fiat deposit fee may apply when you fund your exchange account with HUF. Second, the cryptocurrency exchange will charge a trading fee (often a percentage of the trade value) for the HUF/EGLD conversion. Finally, when you withdraw EGLD to your personal wallet, a blockchain transaction fee is required. Due to MultiversX's efficient SPoS design, these network fees are typically very low and cost-effective.
  • Are there regulated exchanges in Hungary for direct HUF to EGLD trades?

    While the direct HUF/EGLD trading pair might have limited liquidity, several major cryptocurrency exchanges operating in Europe and Hungary offer HUF deposits. Users often deposit HUF, convert it to a major currency like EUR or a stablecoin (USDT), and then trade for EGLD. Always choose a platform with a high trading volume that is compliant with local Hungarian and EU regulations, including robust KYC/AML verification procedures, to ensure a secure trading environment.
Could not find the answer to your question? Describe your issue in  

Trade on the go
Anywhere. Anytime

Through Switchere you can buy or sell crypto instantly - transact all popular coins and tokens at the tap of a button.

Switchere Mobile Interface

Our website uses cookies. Our Cookie Policy