How to buy Elongate, and where to buy this coin? The answer is right here. Elongate began its trading journey on Pancakeswap in April 2021, with its price trading at less than a dollar at the time. However, over time, the token gradually gained popularity with a price of $0.000001000 per token, which at the time was a 1200% return by the time it began trading.
However, since the token gained its new status, its price has dipped to $0.00000080, which is ten times the drop price since it began trading. Elongate belongs to the Binance token, which is one of the most volatile investments when it comes to the crypto market.
Currently, it’s not clear whether it’s possible for this crypto to gain value in terms of price in the future. However, for long-term investors, this can be an excellent long-term investment. This article aims to inform readers on how to buy Elongate crypto and the requirements they need to consider.
How to Buy Elongate Crypto – Introduction
Elongate belongs to the category of cryptocurrencies that cannot be bought using fiat money. In that case, as much as there are several sites whereby the user can purchase Elongate, they will be required to swap it from another cryptocurrency. In the Binance Smart Chain world, Elongate can be considered the new favorite cryptocurrency.
As explained, most exchanges do not offer direct purchase of the Elongate crypto. In that case, users will be required to purchase and swap other digital currencies for Elongate in their various exchanges. Therefore, this article looks at how to buy Elongate from the options the user is presented with.
About Elongate
Elongate is a BEP-20 token that runs on the Binance Smart Chain. Those who wish to purchase Elongate will be expected to get it through other exchanges by swapping another cryptocurrency in the process. This cryptocurrency did not start as a serious project, which is why many people would consider it a joke.
The Elongate project began through an old tweet where he told his followers that it would be referred to as Elongate if he were entangled in a scandal. It was through this that the Elongate crypto came to exist.
The Binance Chain, on the other hand, makes use of a proof-of-stake model to ensure that its model is secure. As a result, this network process different transactions at a fraction of what it would cost when used on the Ethereum network. Currently, the Binance chain represents one of the most volatile investments that exist in the market today.
Therefore, to purchase Elongate, one must follow several procedures. First, let us look at the procedures required when buying the Elongate crypto, then at how to buy Elongate.
Where to Buy Elongate Crypto: Step-by-Step Guide
Elongate is a cryptocurrency owned by Elon Musk; therefore, it is not expected to be available in other major crypto exchanges such as Coinbase, or Binance. However, as time passes and its popularity increases, it will most likely be listed in different exchanges.
How to Buy Elongate – Step-by-Step Guide
Elongate, like several other cryptocurrencies, cannot be purchased directly using fiat currency; therefore, a swap will be required to buy this token. As explained above, there are different places in which Elongate can be purchased based on the buyer’s preferences.
In this article, we focus on how to buy the Elongate cryptocurrency on Binance:
Step 1: Open a Binance Account
The first step in purchasing the ElonGate cryptocurrency is to open a Binance account. To open a Binance account, the user will be required to provide their credentials, including an email address or a mobile number and a unique passphrase that will be used to log into the account.
After that, Binance will undergo a verification process to ensure they are during the application. Then, a code will be sent to the email address used by the applicant to confirm the account. Binance users will have to wait until their account has been verified before performing any transactions with it.
Step 2: Download a Trust Wallet
Before the user can begin any trading activities in Pancakeswap, they will be expected to have a software wallet. The two best crypto wallets that can be used with Pancakeswap are Metamask and Trust Wallet. In this case, we will go with Trust Wallet, which can be downloaded on either Android or iOS through their various application stores. Those who would wish to use Metamask can have it purchased directly from the Google Chrome store.
Note: Metamask is an advantageous option since it is a Google Chrome extension, making it easy for users to connect to their wallets anytime. Once this wallet has been downloaded, it will be set to use the Ethereum network by default, and therefore, the user will have to configure it with the Binance chain network.
Step 3: Make the Purchase
Buying tokens on Pancakeswap is much easier than configuring a crypto wallet. To purchase a digital asset, the buyer will be expected to search for the token of purchase, which in this case is Elongate. They will then quote the number of tokens they intend to buy and the subsequent prompts. Since the buyer is not expected to purchase tokens worth hundreds of thousands, they will not incur high slippage rates.
How to Buy the Elongate Crypto: What Else You Should Know
As we have examined that Elongate can be purchased directly, it should be understood that it is yet to be listed with most exchanges. In that case, users will be required to purchase a token that they will be used to swap for the account they wish to.
We will look at the steps that will be taken to swap for Elongate tokens. Based on the exchange the buyer intends to purchase the Elongate crypto, they will be required to purchase USDT that they will use to swap to Elongate. It is not uncommon for the user to incur fees during the process, and they should be expected to as they have been notified of the terms and conditions.
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How to Buy Elongate Crypto – Conclusion
Buying Elongate is no simple process; therefore, those who intend to make this purchase should be expected to face all the required fees. This is because Elongate cannot be purchased using fiat currency and can only be swapped using other cryptocurrencies.
To make this purchase, users will be expected to choose a favorable platform for them and use the above steps to complete the process. With the steps mentioned in this article, crypto enthusiasts interested in this asset can learn where to buy Elongate and how to buy Elongate.