A comprehensive guide to purchasing MultiversX (EGLD) safely on trusted cryptocurrency exchanges, including platform recommendations, wallet setup, and practical tips.
Steps to Buy EGLD
Download xPortal — The xPortal app (iOS/Android) is the easiest way to buy, stake, and spend EGLD. It includes a built-in exchange.
Or use an exchange — EGLD is available on Binance, Crypto.com, and KuCoin.
Complete verification — KYC in xPortal or on your chosen exchange.
Purchase EGLD — Buy EGLD via xPortal or exchange order.
Stake and spend — Stake EGLD for ~8-12% APR in xPortal, and use the virtual debit card for real-world purchases.
How to Store MultiversX Safely
xPortal (mobile) is the primary MultiversX wallet with staking, debit card, and DeFi access. The MultiversX web wallet provides browser-based management. Ledger hardware wallets support EGLD for cold storage with xPortal connectivity.
Tips for Buying EGLD
xPortal's debit card makes EGLD one of the most spendable cryptocurrencies — try it if you want to actually use crypto for purchases
EGLD's 31.4M supply is extremely low for a smart contract platform — price per token is higher but market cap is what matters
Staking yields ~8-12% APR and can be done directly in xPortal — stake immediately after purchasing
Evaluate MultiversX on developer adoption and DeFi TVL growth rather than the metaverse narrative
Frequently Asked Questions
Why did Elrond rebrand to MultiversX?
The November 2022 rebrand reflected an expanded vision beyond being just a blockchain — positioning as a metaverse, Web3 infrastructure, and consumer technology platform. The timing was unfortunate (coinciding with falling metaverse interest), and the market reception was mixed. The underlying technology remains the same high-performance sharded blockchain.
How does the xPortal debit card work?
xPortal includes a virtual debit card compatible with Apple Pay and Google Pay. Users can spend their crypto (EGLD or stablecoins) at any merchant that accepts card payments. The app converts crypto to fiat at the point of sale. KYC verification is required for card issuance, and availability varies by region.
Can MultiversX really handle 15,000 TPS?
In controlled testing, MultiversX has demonstrated 15,000+ TPS through its adaptive state sharding architecture. Real-world throughput depends on network conditions and shard configuration. The adaptive nature means the network can add shards as demand grows, theoretically scaling beyond this figure. In practice, current usage is well below capacity.
After purchasing, consider using the DCA Backtester to plan a dollar-cost averaging strategy, or check the Staking Calculator to estimate staking rewards.