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Israeli New Shekel (ILS) to MultiversX (EGLD) Instantly

Purchase MultiversX (EGLD) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.

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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)

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How to Buy MultiversX (EGLD)

  1. Select currency menu

    Choose ILS to EGLD Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your MultiversX Wallet Address

    Provide your EGLD wallet address and proceed with the payment.

  3. Confirmation page

    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 primary method for purchasing MultiversX (EGLD) using Israeli New Shekel (ILS)?

    The most common method to buy EGLD with ILS is through a regulated cryptocurrency exchange that serves as a fiat on-ramp for Israel. These platforms require KYC/AML compliance and typically accept ILS via local bank transfers or credit/debit card purchases. This process allows for a direct conversion from your fiat currency into the EGLD digital asset.

  • What core MultiversX technology should I understand when trading this pair?

    When trading EGLD, it's crucial to understand its underlying technology: Adaptive State Sharding and Secure Proof of Stake (SPoS). Adaptive State Sharding allows the network to scale by processing transactions in parallel, while SPoS is an energy-efficient consensus mechanism that secures the network and allows for staking rewards.

  • What should I expect regarding transaction fees on the MultiversX network?

    The MultiversX blockchain is engineered for low latency and high throughput, which results in notably low transaction fees. Unlike some Proof-of-Work networks, its Secure Proof of Stake (SPoS) consensus mechanism is highly efficient. These fees are paid in EGLD for every blockchain transaction, such as transfers or smart contract interactions.

  • Why is the ILS to EGLD conversion a significant fiat gateway?

    An ILS/EGLD pairing provides a direct fiat gateway for Israeli users into the high-scalability MultiversX ecosystem. This eliminates the need for intermediate currency conversions (e.g., ILS to USD to EGLD), reducing transaction fees and slippage. It simplifies access for those wanting to stake EGLD or interact with its dApps.

  • How can I securely store my EGLD after a successful ILS purchase?

    For optimal security, you should transfer your EGLD from the exchange to a self-custody digital wallet. The official MultiversX wallet, xPortal (formerly Maiar App), is a popular choice. Always back up your seed phrase and never share your private keys. This ensures you have full control over your digital asset, independent of the trading platform.

  • Beyond trading, what are the primary utilities for EGLD tokens?

    EGLD is integral to the MultiversX ecosystem. Its primary utilities include staking through the SPoS mechanism to help secure the network and earn rewards, paying for transaction fees, and deploying or interacting with smart contracts and dApps. It also facilitates the creation and use of Elrond Standard Digital Tokens (ESDTs).

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