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How to Buy Elastic (XEL) ? – A Step by Step Guide to Buying

Buying Elastic is very easy these days. If you want, you can use cash, card – even PayPal ! however, you still need to follow a few steps to do it – that ’ randomness why we made this easy tutorial for you ! It is separated into parts – just follow the one that matches your purchase method acting .

How to Buy Elastic with Credit Card or Debit Card?

No matter what people say, it ’ south comfortable to buy Elastic with a credit card .
Your first mistreat will constantly be buying Bitcoins or Ethereum with your credit card. They can then be converted to Elastic.

Follow these steps:

  1. Buy Bitcoin or Etherium at an exchange you like.
  2. Transfer Bitcoin or Etherium to an exchange that supports Elastic currency.
  3. Finally, exchange Bitcoin or Etherium to Elastic.

Please follow our step by pace scout bellow to buy Elastic .

1. Create an Account on Coinbase

To buy Ethereum from Coinbase – which you will exchange for Elastic ( XEL ) late – you have to create an bill at Coinbase. Click this link here to create an account .

Click ‘ sign up ‘ button and fill out the shape. Enter your name ( it has to be precisely the like as it ’ mho written on your photograph ID ), email, password and location .
Coinbase is regulated by the US government and follows rigorous fiscal rules. As such, they have to verify your identity. It takes some meter and effort, however, this makes Coinbase the reputation of the must trustworthy way to convert regular currency into cryptocurrency .

Verify The Coinbase Account

Since Coinbase needs to verify your account, you have to give them your call count, upload an visualize of your photograph ID and verify your tease ( credit or debit ) or rear report. only then will you be able to buy cryptocurency .
If you use a menu on Coinbase, your fees will be higher, but your purchases will be instant. It is cheaper to use bank transfers, but it is slow – it can take up to a week to get your coins .
When your payment details are verified, snap ‘ buy/sell ’ release on the top menu .
Select ‘ Ethereum ’, and enter how a lot money you want to spend/how many coins you want to buy in the windows on the bottom of the page .
once you have done that, click the ‘ Buy ‘ button .

You will now have to confirm you buy .
Do this by pressing the ‘ Confirm Buy ‘ push button .
You now own some Ethereum. However, don’t close Coinbase yet – we’re going to use it later!

2. Open An Account In An Exchamge That Accepts Elastic (XEL)

now that you have some Ethereum, you to find a place to exchanged it for XEL .
Here is a list of online exchanges where XEL is traded:

Exchanges are listed in the descending order of trade volume ( that is, how much trade happens on those sides ) .

3. Transfer Ethereum from Coinbase to Exchange

After you have opened an account at one of the exchanges from the above list, you should find your ETH wallet address.

The details of finding the address can be unlike depending on the web site, but it ’ randomness normally easy and bare .
Make certain that you get your “ deposit ” or “ receiver ” cover .

Copy/write down your ETH wallet savoir-faire for the adjacent measure. ( The adress ( Your own alone address of run, not the address above ! )

4. Transfer Ethereum To Your New Wallet

Transfer Ethereum from your Coinbase bill or any other account/wallet where you keep your ETH to the receiver/deposite ETH address from the dance step # 3 .

5. Exchange Ethereum for XEL

When Ethereum appear in your new exchange report ( it may take a few minutes ), you are read to trade it for XEL in the raw the exchange .
The action of trading count on the exchange, but it ’ s largely exchangeable across the platforms .
generally, you will want to find the XEL/ETH trade pair and “ place an order ” to buy XEL with your ETH funds .
The ordering can work immediately – any stay is normally because the exchange is trying to find enough “ sell ” orders to fulfill your “ buy ” regulate .
Congratulations ! You are now the gallant owner of some come of XEL !

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Frequently Asked Questions

Can I Buy Elastic With PayPal?

You can not immediately buy Elastic with PayPal at this clock. If you wish to use PayPal, you will have to buy bitcoin foremost and then exchange bitcoins for XEL by using a service like Binance .

Can I Buy XEL With Cash?

You can not directly buy Elastic with cash. even if some ATMs documentation Elastic, they are less than 1 % of all cryptocurrency ATMs .
If you want to buy with cash, you will have to buy bitcoin first and then exchange bitcoins for XEL using a service like Binance .

Can I Buy Elastic With Bitcoin?

Yes, you can do that easily by using Binance to exchange bitcoins for Elastic .

Can I Buy XEL With Skrill

Europeans can use BitPanda to buy bitcoins or ethereum with Skrill. Ethereum or BTC can then be converted into Elastic on Binance .

Can I Buy Elastic With Ethereum

Yes, you can do that well by using Binance to exchange Ethereum for Elastic .

Which is the best payment method to use?

The cheapest direction to do it is to buy bitcoins with bank account ( or Elastic directly with bank history ) and exchange the BTC for Elastic .
The fastest way is to buy Elastic with a accredit card, but you will be charged higher fees.

How Can I Protect XEL Once I Purchase It?

You should store your Elastic in a batten wallet. Leaving rubber band on an exchange just puts you at gamble of losing money if the exchange gets hacked. Your account could besides get hacked, which is why it ’ mho important to use 2FA .

How Can I Sell Elastic (XEL)?

Binance and Changelly are good places to exchange your XEL to any other cryptocurrency. If you want to exchange it to unconstipated currency, trader XEL for bitcoin and exchange BTC into dollars, euro, or other currencies .

Can I Mine Elastic Instead Of Buying It?

You can not mine Elastic as it has a different network structure than Bitcoin. You can entirely purchase Elastic from an exchange .

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Category : Economy

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