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Ukrainian Hryvnia (UAH) to MultiversX (EGLD) Instantly

Purchase MultiversX (EGLD) with Ukrainian Hryvnia (UAH) easily at Switchere and benefit from fast, secure transactions.

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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)

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How to Buy MultiversX (EGLD)

  1. Select currency menu

    Choose UAH 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.

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Frequently Asked Questions

  • What is the UAH/EGLD trading pair and how does it function?

    The UAH/EGLD pair represents the direct exchange rate between the Ukrainian Hryvnia (UAH) and MultiversX's native coin, eGold (EGLD). It functions as a fiat on-ramp, allowing users to purchase the EGLD digital asset directly with their Hryvnia on a cryptocurrency exchange. This process involves depositing UAH into your exchange account, then placing an order on the UAH/EGLD order book to trade your fiat currency for the cryptocurrency.

  • What makes the MultiversX (EGLD) network technically attractive for users converting from UAH?

    MultiversX is technically compelling due to its high scalability and low transaction costs, achieved through 'Adaptive State Sharding'. Its Secure Proof of Stake (SPoS) consensus mechanism ensures energy efficiency and robust security. Once UAH is converted to EGLD, users benefit from near-instant transaction finality, making it ideal for interacting with dApps, managing ESDT tokens, or staking EGLD for rewards with minimal network latency.

  • What kind of fees are involved when trading the UAH/EGLD pair?

    Trading UAH/EGLD typically involves several potential fees. First, there may be a deposit fee for funding your account with UAH via a bank card. Second, the cryptocurrency exchange will charge a trading fee (either a maker or taker fee) for executing the trade on the order book. Finally, when you withdraw your EGLD to an external wallet, there will be a network withdrawal fee, which is usually a small, fixed amount of EGLD to cover the blockchain transaction cost.

  • What are the typical payment methods for buying EGLD with Ukrainian Hryvnia?

    To buy EGLD with UAH, users commonly utilize Ukrainian bank cards (such as those from PrivatBank or Monobank) on centralized exchanges that support this fiat gateway. Peer-to-peer (P2P) platforms are also a popular option. Most reputable platforms require KYC/AML (Know Your Customer/Anti-Money Laundering) verification before allowing fiat deposits, ensuring a compliant and secure trading environment.

  • After buying EGLD with UAH, what are the best practices for storing this digital asset securely?

    For optimal security, it is highly recommended to move your EGLD from the cryptocurrency exchange to a non-custodial digital wallet after purchase. Options include the official MultiversX wallet (xPortal), other supported mobile wallets, or hardware wallets for the highest level of security. Always double-check the recipient address before initiating a blockchain transaction and securely back up your wallet's seed phrase in a private, offline location.

  • What can I do with my EGLD in the MultiversX ecosystem after converting it from UAH?

    Once you hold EGLD, you can fully participate in the MultiversX ecosystem. Key activities include staking your EGLD to help secure the network via the SPoS mechanism and earn rewards, paying for transaction fees, deploying smart contracts built for its high-performance WASM VM, and interacting with a wide range of decentralized applications (dApps). You can also use EGLD to create and manage Elrond Standard Digital Tokens (ESDT).

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