- What is $ELONOM and how can it be used?
- Step 1: Register for Fiat-to-Crypto Exchange
- Step 2: Purchase Bitcoin with fiat money
- Step 3: Transfer BTC onto an Altcoin Exchange
- Step 4: To exchange BTC, deposit BTC
- Step 5: Trade $ELONOM
- Last Step: Keep $ELONOM secure in your hardware wallets
- You can also trade $ELONOM with other useful tools
- Frequently Asked Question
- Latest News about $ELONOM
- Prediction of the $ELONOM price and price movement
What is $ELONOM and how can it be used?
$ELONOM became tradable for the first time on October 27, 2021. The total supply is 1,000,000 The market capitalization for $ELONOM is USD $18,168.73 as of right now. Current price of $ELONOM: $0.0182. Coinmarketcap ranks it 4189. Recently, the price has risen 163.32 percent.
$ELONOM can be purchased only with fiat money. It has been listed on a few crypto exchanges. It is still possible to purchase this coin by buying Bitcoin at any fiat to crypto exchanges, then transferring to the cryptocurrency exchange that offers trading. In this article, we will explain in detail how to buy $ELONOM.
Step 1: Register for Fiat-to-Crypto Exchange
There’s no KYC required!
For US traders
Select Fiat-to-Crypto Exchange for details:
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ByBit
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UpHold
Bybit, a cryptocurrency exchange was established in March 2018. It provides a professional platform for crypto traders where they can find a fast matching engine, great customer service, and multilingual community support. Bybit was initially focused on crypto derivatives trading, which is for experienced professional traders. However, it also offers a powerful platform for simple cryptocurrency purchase. It does not require KYC, which is a big advantage over other exchanges. This allows for faster buying and trading. You can still verify your identity if you need to increase the daily withdrawal limit. Unverified users have a daily withdrawal limit of 2BTC, which is quite generous for many first-time buyers. Their website and mobile apps have simple user interfaces that make buying crypto easy. Bybit is not allowed to allow US citizens to use their platform, as with other exchanges. Users can bypass the verification process by using a VPN service. These services are listed below.
Enter your email address and click “Create Account”. To ensure your account is secure from hackers, choose a strong password.
A confirmation email will be sent to you. Click on the link and open it. Log in to your account security and set up two-factor authentication (2FA). This adds an extra layer of security to your account. It is highly recommended to keep this feature on.
ByBit offers a distinct advantage over many other exchanges. It doesn’t require you to complete a Know Your Customer (KYC). Once you’re registered, you can start trading immediately without having to wait for an automated or manual identity verification. Unverified users have a daily withdrawal limit limit of 2 BTC. Although you can increase it, this is not an option.
Step 2: Purchase Bitcoin with fiat money
Click on ‘Buy Crypto’ > ‘One Click Buy’ at the navigation at the top. You can choose the amount you want to purchase and then select your preferred payment method. ByBit offers many payment options, including bank transfer and credit cards. It also has a variety of other payment options depending on where you live. The fastest and most cost-effective way to make payments is with a creditcard. However, there are very few fees. You can use bank transfer and third-party payment options such as MoonPay. However, identity verification will be required with these methods. This may take some time. Click on the link below to learn more. Depending on which method you choose, the verification process can take anywhere from 5 to an hour. ByBit also offers the possibility to purchase from P2P vendors. These sellers do not work for ByBit, and they operate independently. We advise that you exercise caution when using this method because scammers could be lurking on the platform.
Once you’ve chosen your payment method, click “Buy” and proceed to your payment. Congratulations! Congratulations! You just completed your first cryptocurrency purchase.
UpHold is one of the most convenient fiat-tocrypto exchanges.
- It is easy to trade and buy multiple assets, including more than 50.
- There are currently more than 7M users around the world.
- UpHold Debit cards can be applied for. You can use the crypto assets in your account just like any other debit card. Only in the US, but will be available in the UK soon.
- It’s easy to use the mobile app to withdraw funds to banks or other altcoin exchanges.
- There are no hidden charges or other fees for your account
- For advanced users, there are very few buy/sell orders
- If you are looking to keep cryptos for the long-term, it is easy to set up recurring deposits in Dollar Cost Averaging (DCA).
- USDT is the most widely used USD-backed stablecoin. (basically, a crypto currency that is backed with real fiat money so it is less volatile) This is convenient if the altcoin to be bought has USDT trading pairs on altcoin exchange.
Click ‘Next’ to enter your email. UpHold will require your real name for identity and account verification. To ensure your account is secure from hackers, choose a strong password.
A confirmation email will be sent to you. Click on the link and open it. For two-factor authentication (2FA), a valid phone number will be required. It is highly recommended to keep this feature on.
To complete your identity verification, follow the next steps. These steps can be daunting, especially if your goal is to purchase an asset. However, UpHold has been regulated in all major countries including the US and UK. This can be used as a compromise to buying your first cryptocurrency purchase through a trusted platform. The good news? The entire Know Your Customer (KYC), process should take less than 15 minutes.
Step 2: Purchase Bitcoin with fiat money
After you have completed the KYC process. After completing the KYC process, you will be asked for a payment method. You will be asked to choose whether you want to use a bank transfer or a credit/debit cards. Although you might be charged higher fees depending upon your credit card company, volatile prices and how cards are used, you will still be able to make an instant purchase. Bank transfers are cheaper and faster, but may take longer depending on your country. Some countries offer low fees for instant cash deposit.
You are now ready to go. Click the “Transact” screen under the “From” field and choose your fiat currency. Next, choose Bitcoin. Click preview to view your transaction, then click confirm to confirm that everything is OK. This is your first purchase of crypto.
Step 3: Transfer BTC onto an Altcoin Exchange
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PancakeSwap
We aren’t done. Our BTC must be converted into $ELONOM. PancakeSwap currently lists $ELONOM so we will help you convert your BTC to that currency. PancakeSwap’s conversion steps are slightly different to other centralised exchanges. It is a DEX, which doesn’t require you to register nor go through KYC. However trading on a DEX will require you to manage your own private keys to your altcoin account. You will lose all access to your coins and there will be no customer support to help you retrieve them. If managed well, it is actually more secure to keep your assets in your private wallet than in exchange wallets. If you’re still not comfortable with the idea of using a DEX, please check whether $ELONOM is currently available on any other centralised traditional exchanges. Otherwise let’s follow these steps carefully.
Convert your BTC in to a BNB on Binance
PancakeSwap can be described as a DEX similar to Uniswap/Sushiswap. However, it runs on Binance Smart Chain, (BSC), and you will have the ability to trade all BEP-20 tokens (as opposed to ERC-20 tokens in the Ethereum Blockchain). This platform is gaining popularity because it significantly reduces trading (gas) fees. PancakeSwap uses an automated market maker system (AMM), which is based on user-funded liquidity pools. This is why it is able to work flawlessly without the need for a centralised order book.
In short, $ELONOM, a BEP-20 token, can be purchased by transferring your BTC to Binance Smart Chain (or any other exchanges for US traders), then converting it into BNB. Then, send your BTC to Binance Smart Chain to convert it into BNB. Finally, swap your BNB with $ELONOM via PancakeSwap to get your $ELONOM.
The following exchanges are recommended for US traders.
After you have registered on Binance, or any of the other exchanges mentioned above, go to the wallet page and select the BTC. Click deposit. Copy the BTC address, then go back to ByBit. Once your BTC has been sent, wait for it to arrive. This will depend on how much you use the BTC network. Once it arrives, you can exchange your BTC for Binance Coin.
Transfer BNB to your personal wallet
Now comes the tricky part. To hold $ELONOM and BNB, you will need to create a wallet. While there are many options for creating a wallet, the best is to use a hardware wallet like the Ledger Nano S. They provide security hardware that protects your assets. All you need is to keep the seed phrases safe and never upload them online. do NOT upload the seed phrases to any cloud services/storage/email, and also do not take photo of it). A hardware wallet is recommended if you intend to remain in the crypto world for a long time.
Ledger Nano S
- Simple to set-up and friendly interface
- It can be used on laptops and desktops
- Portable and light weight
- Support all blockchains and a wide range (ERC-20/BEP-20), tokens
- Multiple languages available
- A well-established company built this device in 2014 with excellent chip security
- Affordable price
Ledger Nano X
- Secure element chip (ST33), which is more powerful than the Ledger Nano S
- Use on your desktop, laptop or smartphone.
- Compact and lightweight with built-in rechargeable batteries
- Larger screen
- Ledger Nano S has more storage space
- Support all blockchains and a wide range (ERC-20/BEP-20), tokens
- Multiple languages available
- A well-established company built this device in 2014 with excellent chip security
- Affordable price
You can also create your own wallet. We will be using MetaMask to illustrate how you can set it up.
Add MetaMask extension Chrome
Brave Browser and Google Chrome are recommended here. To add to Chrome, go to Chrome Web Store. Search for MetaMask.
Next, click on “Get Started” to continue. Then click on “create your wallet” in the next screen. Follow the instructions and click “Agree”.
Next, choose a password that will protect your MetaMask wallet. This password does not include your private key or seed phrases. You only need this password for access to the Chrome Extension.
This is the backup phrase generation step. After clicking “reveal hidden words”, you will see a list with random words. Write these words on a piece paper and don’t save them online. To store your phrases safely and physically, you might consider purchasing a Cryptosteel Capsule (from Ledger).
After you have saved your seed phrases, verify them on the next screen. And you’re done! Read the tips once more to ensure you’re fully aware of the security issues and click all done, now your wallet is ready. Next, click on the MetaMask button in the extension menu. Enter your password to unlock your wallet. You will see your initial balance shortly after.
You are now ready to deposit your BNB into your wallet. Head over to PancakeSwap and click “Connect” at top. Choose MetaMask.
If you’re connecting to MetaMask for the first time, you should be asked if you would like the Binance Smart Chain network added to your MetaMask. This is because it is crucial that your BNB is being sent via the correct network. Switch to the network in MetaMask after adding the network. Once the network is added, you will be able to view your BNB balance in the Binance Smart Chain. Click on the account name to copy the address and save it to your clipboard.
Go back to Binance, or the exchange where you purchased BNB. Next, go to the BNB wallet, select Withdraw, and then paste your wallet address. Make sure it is correct. Then, transfer network, ensure you have chosen Binance Smart Chain (BSC), or BEP20 (20 (BSC).
After clicking submit, follow the verification steps. It should be very soon to your wallet once you have successfully withdrawn your BNB. Now you’re ready to buy $ELONOM finally!
Head back to PancakeSwap, select Trade > Exchange on the left sidebar
You should see a relatively simpler interface here with basically just two fields, from and to, and a big button saying either “Connect Wallet” or “Swap”.
Click on Connect Wallet if you haven’t done so already. Otherwise, you will be able to view your BNB balance. First, enter the amount that you wish to exchange for $ELONOM. Next, select $ELONOM from a dropdown. Your $ELONOM should then appear. After verifying, click “Swap”. Click Confirm Swap again on the next screen. Click Confirm to confirm that PancakeSwap can spend your BNB. You are now done! Congratulations! You have purchased $ELONOM. After a while, you will be able see your $ELONOM Balance on your MetaMask Wallet.
There are several popular cryptocurrency exchanges that have large user bases and decent trading volumes. This will allow you to sell your coins whenever you like and usually the fees will be lower. You should also register on these exchanges as $ELONOM will soon be listed there. This will give you great trading opportunities.
Gate.io
Gate.io was an American cryptocurrency exchange which launched 2017 American-investors have the ability to trade on the exchange. We recommend US traders sign up. You can access the exchange in both English and Chinese. This is especially helpful for Chinese investors. Gate.io’s main selling factor is their wide selection of trading pairs. Here you can find the majority of the latest altcoins. Gate.io has a high trading volume. It is one of the top 20 most active exchanges in terms of trading volume. It has a trading volume of approximately. USD 100 millions on a daily basis. USDT (Tether), which is one of the top 10 trading pairs of Gate.io, accounts for most of the trading volume. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
KuCoin
KuCoin, a cryptocurrency exchange, is located in the Seychelles (previously Hong Kong). KuCoin launched in September 2017. It claims that it has 5 million users across more than 200 countries. Often known as the People’s Exchange, KuCoin now offers crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending and so forth. The exchange has one of the world’s most impressive trading pair selections, with more than 250 supported coins and 440 trading pairs. KuCoin was supported by Matrix Partners and IDG Capital, two traditional venture capital firms. At the end 2018 they announced that the exchange had received USD 20,000,000 in round A funding.US-investors can trade. However, if you are a US-investor you should still check whether your home country has any restrictions on your foreign cryptocurrency trading.
Last Step: Securely store $ELONOM in your hardware wallet
Ledger Nano S
- Simple to set-up and friendly interface
- It can be used on laptops and desktops
- Lightweight and portable
- Support all blockchains and a wide range (ERC-20/BEP-20), tokens
- Multiple languages available
- A well-established company built this device in 2014 with excellent chip security
- Affordable price
Ledger Nano X
- Secure element chip (ST33), which is more powerful than the Ledger Nano S
- Use on your desktop or laptop. You can also use Bluetooth integration to connect to your smartphone or tablet.
- Compact and lightweight with built-in rechargeable batteries
- Larger screen
- Ledger Nano S has more storage space
- Support all blockchains and a wide range (ERC-20/BEP-20), tokens
- Multiple languages available
- A well-established company built this device in 2014 with excellent chip security
- Affordable price
If you plan to keep (or “hodl” as some may call it, which is basically misspelled “hold”) your $ELONOM for a long time, you might want to consider ways to protect it. While Binance is the safest cryptocurrency exchange, there have been hacking attacks and funds lost. The nature of cryptocurrency exchange wallets means that they will always be online (or “Hot Wallets”), which can expose vulnerabilities. To keep your coins safe, you can always put them in a “Cold Wallet” type. This will allow the wallet to only access the blockchain (or “go online”) when funds are sent out. This reduces the risk of hackers. A paper wallet can be described as a free cold wallet. It’s an offline-generated pair public and private address. You will keep it safe. It is fragile and not long-lasting.
A hardware wallet is definitely better than cold wallets. These USB-enabled devices are more durable and can store key information from your wallet. They are extremely safe because they are made with military-level security. Their firmware is constantly updated by their manufacturers. These wallets are most popular and cost between $50 and $100, depending on their features. We believe these wallets make a good investment for holding your assets.
You can also trade $ELONOM with other useful tools
Secure encryption
NordVPN
Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. Although a hardware wallet can be used to store cryptos safely, it is much more secure to use an encrypted VPN connection to trade your sensitive information. This is especially important when trading takes place on the move or over public Wifi. NordVPN, which has been around nearly a decade, is one of the most popular paid VPN services (note: Never use any free VPN services. They may spy on your data in exchange for free service). It provides a military-grade encrypted connection, and you can opt-in with CyberSec to block malicious sites and ads. Based on your current location you can connect to over 5000 servers in 60+ countries. This ensures that you always have a secure and smooth connection. The service has no data or bandwidth limits, so you can use it in your daily routines like streaming videos and downloading large files. It’s also the cheapest VPN service available at $3.49 per Month.
Surfshark
Surfshark is an affordable alternative to VPN connections. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Surfshark doesn’t currently have a limit on devices so you can use it across all your devices and even share the service to friends. Use the signup link below to get an 81% discount(that’s a lot!!) At $2.49/month
Atlas VPN
Atlas VPN was created by IT nomads after they saw a lack in top-notch service for free VPNs. Atlas VPN was created to allow everyone free access to unlimited content with no restrictions. Atlas VPN set out as the first trusted free VPN with top-notch tech. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Here are some highlights of this feature:
- Strong encryption
- Tracker blocking feature prevents dangerous websites from being tracked, blocks third-party cookies that track your browsing habits, and stops behavioural advertising.
- Data Breach Monitor checks if your personal data are safe.
- SafeSwap servers allow for multiple rotating IP addresses through one connection to a single server
- The best prices in the VPN market: Only $1.39/month!
- No-log policy to protect your privacy
- If the internet connection is lost, the Automatic Kill Switch will block access to your device and apps via the internet.
- Unlimitless simultaneous connections
- Support for P2P
Crypto Ultimatum
Crypto Ultimatum provides detailed training that teaches you how to make a fortune using Crypto Currencies. This system took $100 to turn into $1006. The system is so efficient that they took $100 and converted it into $1006.
The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. You will learn all the secrets and be able to make money even if you’re a total novice. You will also learn how to avoid some common scams. The book explains where to trade and how you can make quick money. You can develop into someone who buys and sells smaller types of “altcoins” too.
Frequently Asked Question
- Can I purchase $ELONOM with cash or check?
- Do you know of any fast ways to purchase $ELONOM from Europe?
- Is there another way to buy Bitcoin or $ELONOM with credit cards?
Can I purchase $ELONOM with cash or check?
It is not possible to buy $ELONOM using cash. There are however marketplaces, such as LocalBitcoins, that allow you to purchase Bitcoin first, then transfer it to AltCoin exchanges.
LocalBitcoins, a peer to peer Bitcoin exchange, is available. It allows users to trade and buy Bitcoins among each other. Trader users create advertisements that include the price and the preferred payment method. You can also choose to purchase from sellers located in your area. This is an excellent place to purchase Bitcoins, if you are unable to find the payment method that suits your needs elsewhere. However, prices can be higher than usual on this platform so you need to be careful to not get scammed.
Do you know of any fast ways to purchase $ELONOM from Europe?
Europe is a great place to buy cryptos. You can even open an online bank account to transfer money to Coinbase or Uphold.
Is there another way to buy Bitcoin or $ELONOM with credit cards?
Yes. This platform is easy to use and allows you to buy Bitcoin with your credit cards. You can exchange cryptocurrency instantly and purchase it with your bank card. The user interface is simple and the buying process is quite self-explanatory.
You can read more about Elonomics’s current price and fundamentals here.
$ELONOM Prediction and Price Movement
The price of $ELONOM is down 97.97% over the past three months. Given its small market capitalization it is likely that this price movement will continue. Three months is still a long time in crypto and $ELONOM’s value may rebound if the team is solid and delivers on its whitepapers. Traders should therefore be cautious and research carefully to determine if $ELONOM has a solid development team, and if the technology of $ELONOM can grow.
This analysis is based solely on historical price movements of $ELONOM and is not intended to be considered financial advice. Traders should do their research thoroughly and exercise caution when investing in cryptocurrency.
Latest News about $ELONOM
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