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Convert
Singapore Dollar (SGD) to MultiversX (EGLD) Instantly

SGD SGD
EGLD EGLD
Buy MultiversX (EGLD)

Purchase MultiversX (EGLD) with Singapore Dollar (SGD) 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 SGD 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 are the common methods for buying MultiversX (EGLD) with Singapore Dollars (SGD)?

    To buy MultiversX (EGLD) with SGD, the most common method is using a cryptocurrency exchange that offers a direct SGD/EGLD trading pair. These platforms often support local Singaporean payment methods like FAST transfers or PayNow for quick fiat on-ramping. Using a MAS-regulated exchange is crucial for KYC/AML compliance and secure trading.

  • What makes MultiversX's technology, like Adaptive State Sharding, relevant for EGLD holders?

    MultiversX's core innovation is Adaptive State Sharding, which enhances network scalability by processing transactions in parallel. For EGLD holders, this means the blockchain can handle high throughput with very low transaction fees. This efficiency makes interacting with smart contracts, using dApps, and creating ESDT tokens on the network both fast and cost-effective, increasing the utility of the EGLD digital asset.

  • How does staking EGLD work after acquiring it via an SGD fiat on-ramp?

    Once you've purchased EGLD and moved it to a secure digital wallet like xPortal (formerly Maiar), you can participate in staking. This involves delegating your EGLD to a staking provider to help secure the network via its Secure Proof of Stake (SPoS) consensus mechanism. In return for contributing to network security and validation, you earn staking rewards, effectively generating a yield on your digital asset.

  • What are the typical fees for an SGD to EGLD blockchain transaction?

    Fees for an SGD to EGLD transaction consist of two parts. First, the cryptocurrency exchange will charge a trading fee, typically a small percentage of the order value. Second, when you move your EGLD off the exchange, you pay a network transaction fee. A major advantage of the MultiversX network is its high scalability, which results in extremely low on-chain transaction fees, often just a fraction of a cent.

  • Which digital wallet should I use for EGLD purchased with Singapore Dollars?

    For secure storage of your EGLD after a fiat on-ramp transaction, the native xPortal wallet (formerly known as the Maiar Wallet) is highly recommended. It is specifically designed for the MultiversX ecosystem. For enhanced security, especially for large amounts, using a hardware wallet like a Ledger that supports the MultiversX network provides the best protection for your digital asset.
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