Elongate Cryptocurrency Review: Overview of Elongate Crypto, an open-source cryptocurrency that allows users to exchange the crypto through Telegram, Slack and Reddit bots. The Elongate Crypto is determined by the value of precious metals, increasing and decreasing with the price of gold, silver and copper respectively. If you are interested in Elongate Crypto review, How To Buy, Price, Founder & Much More then please continue reading…
What is Elongate?
Elongate is a cryptocurrency that has an underlying value of gold. The name is derived from an investment strategy that aims to reduce risk by ensuring positive returns in both price and capital growth.
Elongate was developed in 2017 as part of a partnership between Gresham House Investment Management and cryptocurrency developers Iconic Info Capital. Elongate’s original purpose was to allow investors who believe bitcoin’s price has reached its peak to safeguard their capital by converting it into gold.
However, after recent volatility within cryptocurrency markets prompted further review of potential risks for investors, it was decided that greater protection would be afforded by expanding Elongate’s portfolio beyond just one asset.
What is the price of Elongate?
Elongate (ELNG) is listed on CoinMarketCap. It has a current price of $0.001562 USD and a market cap of $373.00K. Visit Elongate on CoinMarketCap for more information about Elongate and to browse Elongate’s complete cryptocurrency profile. You can also purchase and trade ELNG tokens at KuCoin if you don’t want to pay up front for a whole token! You can learn more about it here .
Who is behind Elongate?
Elongate is operated by a team of young crypto enthusiasts who want to make crypto easy and accessible for everyone. You can find out more about us on our website.
We are also launching Elongates as a project in themselves – our aim is to take them from an idea in our heads and give them life through distribution. The Elongate team consists of several members who have worked closely together since 2017 but we have also added some new faces to our ranks as well – either way, you will find all you need to know about Elongates and their developers on elongate.one/blog/meet-the-team/.
How to buy Elongate in Canada?
Before you can buy Elongate, you’ll need to register for an account on an exchange that allows Canadians to trade in Elongate. Many exchanges will allow you to purchase Bitcoin (BTC) with Canadian dollars and other fiat currencies like USD or Euros.
Once you have BTC in your account, transfer it over to an exchange that lists Elongate in a currency pair like BTC/USD or BTC/CAD. For example, Coinmama is one such exchange where you can buy BTC with USD or EURO and then transfer it to another exchange listed on our platform.
Alternatively, there are also exchanges that are solely CAD-based allowing users to purchase and trade directly with Canadian dollars without having to first purchase another currency like US Dollars.
Elongate Review: Should I Buy?
Investing in cryptocurrencies is a risky and volatile process. Some of today’s cryptocurrencies will fail and their investors will lose all of their money while others will soar by thousands of percent.
It’s important to remember that there are no guarantees or certainties when it comes to cryptocurrencies. Given how risky cryptocurrency investing is (and especially considering you could lose everything) it may be smart to avoid using your life savings.
There are a lot of questions surrounding Elongate and its founder/developer(s), so do as much research as possible before deciding whether or not you should buy some Elongate!
Best Apps To Buy Elongate Crypto
When you are looking to buy a cryptocurrency an app like Coinbase can be useful. Coinbase is a Bitcoin broker that also sells ETH via a credit card. The app provides you with price quotes and lets you easily convert your local currency into or out of crypto.
Coinbase has also added Ethereum Classic to their offerings, which can be bought on Coinbase Pro. If you want to trade on other coins as well, you will need another exchange such as Binance for example.
In addition to buying cryptocurrency through exchanges like Binance or Bittrex, some projects allow users to purchase tokens with fiat directly from their website.
In case of Elongate we would recommend using Changelly because it supports many cryptocurrencies and it has low fees compared to other exchanges. Some of other platfroms where you can buy this crypto are as follows:
Final Words On Elongate Crypto
I hope that you understand all about elongate cerypto. If you life this information you can share this with your friends who want to know about this crypto currency.
At last i want to say that this is one of the best cerpto currency to invest you can buy this crypto currency from any of the crypto platfroms mentioned above.