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Convert
New Zealand Dollar (NZD) to MultiversX (EGLD) Instantly

NZD NZD
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with New Zealand Dollar (NZD) 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 NZD to EGLD Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your MultiversX Wallet Address

    Provide your EGLD wallet address and proceed with the payment.

  3. 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 way to buy MultiversX (EGLD) with New Zealand Dollars (NZD)?

    The most common method is using a centralized cryptocurrency exchange that serves New Zealand and offers an NZD/EGLD trading pair or a direct NZD fiat on-ramp. Users typically register, complete KYC/AML compliance, and then deposit NZD via local methods like NZ bank transfer or POLi Payments. Once the account is funded, they can execute a trade to acquire the EGLD digital asset.

  • What are the key technical features of MultiversX, like Adaptive State Sharding, that an NZD investor should know?

    MultiversX (formerly Elrond) is known for its high scalability achieved through 'Adaptive State Sharding'. This technology splits the blockchain's state and transaction processing across multiple shards, enabling parallel processing for extremely high throughput. It also uses a Secure Proof of Stake (SPoS) consensus mechanism, which is energy-efficient and allows EGLD holders to stake their assets to secure the network and earn rewards. This architecture is designed to support enterprise-grade dApps and a large user base without compromising speed or decentralization.

  • How can I securely store my EGLD tokens after an NZD purchase?

    For secure self-custody, it is highly recommended to move your EGLD off the exchange to a dedicated digital wallet where you control the private keys. The official wallet for the MultiversX ecosystem is the xPortal (formerly Maiar) app, which is a user-friendly mobile wallet. For maximum security, especially for significant holdings, consider using a hardware wallet like a Ledger or Trezor, which keeps your private keys offline and protected from online threats.

  • What kind of fees are involved when converting NZD to EGLD on an exchange?

    There are typically three types of fees: 1) Deposit Fees: Some platforms may charge a fee for depositing NZD, which can vary depending on the method (e.g., credit card fees are often higher than bank transfer fees). 2) Trading Fees: This is a percentage of the trade value charged by the exchange for executing your NZD to EGLD order. 3) Withdrawal Fees: When you move your EGLD from the exchange to your personal wallet, you'll pay a network fee for the blockchain transaction, and the exchange might add a small service charge.

  • Besides trading, what can I do with EGLD in the MultiversX ecosystem?

    EGLD is the native digital asset of the MultiversX network and has significant utility. You can participate in staking via its Secure Proof of Stake (SPoS) mechanism to help secure the network and earn rewards. EGLD is also used to pay for blockchain transaction fees, deploy smart contracts, and interact with a growing number of decentralized applications (dApps) for finance, gaming, and digital identity built on its high-performance, WASM-based virtual machine.
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