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Convert
Korean Won (KRW) to MultiversX (EGLD) Instantly

KRW KRW
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with Korean Won (KRW) 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 KRW 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 does the KRW/EGLD trading pair represent in the digital asset market?

    The KRW/EGLD pair signifies a direct fiat on-ramp allowing users to purchase MultiversX's native token, EGLD, using the South Korean Won (KRW). This is crucial for the Korean market, providing direct access to the MultiversX ecosystem, which is known for its high throughput and low latency achieved through Adaptive State Sharding and a Secure Proof of Stake (SPoS) consensus mechanism. It enables traders to directly convert fiat into a key asset for interacting with dApps and the metaverse on the MultiversX blockchain.

  • What are the common steps to buy EGLD with KRW on a cryptocurrency exchange?

    To purchase EGLD with South Korean Won, you typically need to use a regulated Korean cryptocurrency exchange that lists the KRW/EGLD pair. The process involves: 1) Creating and verifying an account, which includes mandatory KYC/AML compliance. 2) Linking a Korean bank account for KRW deposits. 3) Depositing KRW into your exchange wallet. 4) Navigating to the KRW/EGLD trading page and placing a market or limit order. 5) Once the order is filled, your EGLD will be in your exchange account, ready to be transferred to a secure digital wallet like the xPortal App.

  • What technical advantages of MultiversX (formerly Elrond) are relevant when trading EGLD?

    When trading EGLD, it's important to understand the underlying technology of MultiversX. Its key innovation is 'Adaptive State Sharding,' which partitions the network's state and transaction processing to achieve linear scalability, enabling high throughput. The network is secured by the Secure Proof of Stake (SPoS) consensus, which is efficient and robust. Additionally, MultiversX uses a WebAssembly (WASM) VM, allowing smart contracts to be written in various popular programming languages, fostering a diverse developer ecosystem for ESDT tokens (Elrond Standard Digital Token).

  • What types of fees are involved when converting KRW to EGLD?

    When converting South Korean Won to EGLD, you will typically encounter several fees. First, there's a deposit fee for funding your exchange account via a domestic bank transfer, although some exchanges offer this for free. Second, the primary fee is the trading fee, charged by the exchange as a percentage of the transaction value when you execute a buy order. Finally, if you decide to move your EGLD off the exchange to a private digital wallet, you will pay a network withdrawal fee, which covers the cost of the blockchain transaction on the MultiversX network.

  • How can I securely store my EGLD after purchasing with KRW?

    For secure storage of EGLD after a KRW purchase, it is highly recommended to move your assets from the cryptocurrency exchange to a non-custodial digital wallet where you control the private keys. The official MultiversX wallet, xPortal App (formerly Maiar), is a popular and secure choice. Hardware wallets also offer top-tier security. Leaving EGLD on an exchange exposes you to platform-specific risks. By controlling your own keys, you have full sovereignty over your digital assets, enabling secure interactions and EGLD staking directly on the network.
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