1. Home
  2. Converter
  3. Malaysian Ringgit (MYR) to MultiversX (EGLD)

Convert
Malaysian Ringgit (MYR) to MultiversX (EGLD) Instantly

Purchase MultiversX (EGLD) with Malaysian Ringgit (MYR) easily at Switchere and benefit from fast, secure transactions.

MYR
MYR
Bank card
EGLD
MultiversX (EGLD)
Crypto
Buy MultiversX

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)

Buy Other 150+ Cryptocurrencies for Malaysian Ringgit (MYR)

Other Coins for Malaysian Ringgit (MYR)

How to Buy MultiversX (EGLD)

  1. Select currency menu

    Choose MYR 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.

Web ios android

Frequently Asked Questions

  • What are the common methods for buying MultiversX (EGLD) with Malaysian Ringgit (MYR)?

    To buy EGLD with MYR, users typically use a regulated digital asset exchange in Malaysia. The process involves creating an account, completing KYC/AML compliance, and depositing MYR via methods like FPX online banking or local bank transfers. Since a direct MYR/EGLD pair is rare, you may need to first purchase a major cryptocurrency like BTC or ETH and then trade it for EGLD on an exchange with higher liquidity for that pair.

  • What is the recommended way to store EGLD securely after a MYR purchase?

    After acquiring EGLD, it is highly recommended to move your digital assets from the exchange to a secure, non-custodial wallet where you control the private keys. The official MultiversX wallet, xPortal (formerly Maiar), is a popular choice. It provides a user-friendly interface and allows for direct interaction with the ecosystem, including the ability to stake EGLD via delegation to network validators to earn rewards.

  • Are there specific regulatory considerations when using a MYR fiat on-ramp for crypto?

    Yes, in Malaysia, digital asset exchanges are regulated by the Securities Commission (SC) Malaysia. It is crucial to use an SC-approved exchange for your MYR fiat on-ramp to ensure legal compliance. These platforms enforce mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. This regulatory oversight provides a secure trading environment and helps protect users when converting MYR to a digital asset like EGLD.

  • What makes the MultiversX network technologically unique for developers and users?

    MultiversX's primary innovation is 'Adaptive State Sharding,' which splits the network's infrastructure to process transactions and smart contracts in parallel, achieving high scalability and low latency. It combines this with a 'Secure Proof of Stake' (SPoS) consensus mechanism for energy-efficient security. For developers, its Elrond Virtual Machine (EVM) supports multiple smart contract languages, lowering the barrier to entry for building decentralized applications.

  • What kind of fees can I expect when converting MYR to EGLD?

    The conversion process typically involves several potential fees: 1) A fiat deposit fee for adding MYR to an exchange via FPX or bank transfer. 2) A trading fee (often a percentage) on the crypto exchange when you execute the buy order. 3) If a direct pair isn't available, you'll incur trading fees twice. 4) A withdrawal fee to move your EGLD from the exchange to your personal wallet. Finally, any on-chain blockchain transaction, like sending EGLD, has a small network fee, which is notably low on the highly scalable MultiversX network.

  • How does acquiring EGLD with MYR grant access to the wider MultiversX ecosystem?

    EGLD is the native digital currency of the MultiversX blockchain. By converting MYR to EGLD, you gain the primary asset needed to pay for blockchain transaction fees, interact with smart contracts, and engage with decentralized applications (dApps). It also allows you to participate in staking through delegation, secure the network via the SPoS mechanism, and trade for other native ESDT tokens on decentralized exchanges within the ecosystem, like xExchange.

Our website uses cookies. Our Cookie Policy