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Convert
Saudi riyal (SAR) to MultiversX (EGLD) Instantly

SAR SAR
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with Saudi riyal (SAR) 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 SAR 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 is the SAR/EGLD pair and why is it significant?

    The SAR/EGLD pair represents the direct exchange rate between the Saudi Riyal (SAR) and MultiversX's native cryptocurrency, EGLD. It's a crucial fiat on-ramp for users in Saudi Arabia, enabling them to purchase this digital asset directly. This pairing allows access to the high-throughput MultiversX blockchain, known for its Adaptive State Sharding architecture and Secure Proof of Stake (SPoS) consensus mechanism, using local currency.

  • What are the common methods for purchasing EGLD with SAR?

    To purchase EGLD with Saudi Riyal, you typically use a regulated cryptocurrency exchange that offers SAR as a deposit currency. Common methods include local bank transfers from Saudi banks and debit/credit card payments, such as those using the Mada payment network. These platforms require KYC/AML compliance, after which you can deposit SAR, place an order on the SAR/EGLD order book, and then withdraw the EGLD to a secure digital wallet like the xPortal App (formerly Maiar).

  • What is the function of EGLD in the MultiversX network?

    EGLD is the native digital asset of the MultiversX blockchain and is central to its operation. Its primary functions include paying for transaction fees, deploying smart contracts, and participating in the network's governance. Most critically, EGLD is used for staking by users who wish to support the network's Secure Proof of Stake (SPoS) consensus mechanism by running validator nodes or delegating their stake, earning rewards in return.

  • What security measures should be taken when trading SAR for EGLD?

    When converting SAR to EGLD, prioritize security. Always use a reputable cryptocurrency exchange with strong security features like two-factor authentication (2FA). Once purchased, transfer your EGLD from the exchange to a non-custodial digital wallet where you control the private keys, such as a hardware wallet or the official xPortal app. Be vigilant against phishing scams and double-check all wallet addresses before confirming any blockchain transaction.

  • Can I stake EGLD directly after buying it with SAR?

    Yes, once you have acquired EGLD through a SAR transaction and moved it to a compatible wallet like xPortal, you can participate in staking. The MultiversX network allows you to delegate your EGLD to a validator pool or, if you have enough EGLD and technical expertise, run your own validator node. This process helps secure the network through its Secure Proof of Stake (SPoS) mechanism and allows you to earn staking rewards.
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