Scroll down a bit more for steps “How to buy Elongate crypto”
This article is for all information regarding Elongate crypto. We will explain what Elongate is, as well as which brokers you can purchase it and how to buy. Common questions related to elongate crypto will be discussed as well.
Elongate is very popular in Binance’s smart chain world. Binance Smart Chain trading is significantly cheaper than Ethereum transaction fees, giving individual investors easier access to the platform.
Many cryptocurrencies have been created due to these low barriers to entry. These coins have been exploding in value without a competitive advantage over other cryptocurrencies on the market or having a product.
What is Elongate crypto?
Remember the time when Elon Musk tweeted about converting his last name to “Elongate” if there is ever a scandal about him!
The founder of Elongate is referencing this occurrence with their crypto token’s name. This BEP-20 token is built on the Binance Smart Chain and works in a way that rewards its holders, which you don’t have to do anything other than hold the tokens long term as compensation.
What’s especially special about this crypto project is that it aims to contribute ten percent of all transactions fees to social organizations such as Human Relief Foundation, Action Against Hunger, and The Ocean Cleanup.
Elongate is a one of the cryptocurrencies on the Binance Smart Chain . A 10% transaction fee rewards owners and makes generous donations to charity. The Elongate team will create a social impact ecosystem to change the social impact on the blockchain.
Elongate is listed on many cryptocurrency exchanges and cannot be purchased directly with Fiat Money. However, you can easily buy this currency by first buying USDT on a flat cryptocurrency exchange and then transferring it to an exchange that offers exchange for the currency.
Here are the steps how to buy Elongate crypto.
- Create account on Coinbase or Binance. Buy either Bitcoin (BTC) or Ethereum (ETH). Click on link to create coinbase account.
- Complete KYC processs.. Buy USDT (Tether) with fiat money.
- Send your USDT coins to an Altcoin Exchange that supports Elongate crypto. For ex: Bitmart exchange.
- Deposit your USDT to Altcoin exchange.(you may go through another kyc process).
- Go to USDT address, copy address then go to coinbase portfolio page. click USDT then send.
Now we will go through steps in detail for Elongate crypto how to buy
If you dont have an account yet
- Click on link here to create Binance account. Please be aware if you are from the U.S it can take a couple of days for binance account to be accepted.
- You will have to purchase BNB coins. Be aware amount of BNB should be same amount as you would like to buy ElonGate, since Pancakeswap uses BNB coins to BEP-20 buy tokens such as ElonGate.
Is elongate Crypto a good investment
The cryptocurrency market is still volatile and developing. However there seems to be some coins that look more risky.
As it does not have a product or competitive advantage may be the risk. It may be a great swing trade or may adventually after building a base have more utility. The roadmap is still unclear.
Here is what may be the opportunity, the charitable part of this currency is very unique in the crypto market. Their website says that they want to “make profitability intrinsically linked to positive social impact”. Elongate .In the end make sure to do your own research and weigh your risks.
