If you want to know where to buy Elongate crypto, there are a few things to keep in mind. First, Elongate is not your usual cryptocurrency. Namely, you won’t find this meme coin on any major exchanges. And secondly, Elongate can’t be mined — it can only be purchased.
So, where and how can you get your hands on this unique coin? Read on to find out.
What Is Elongate?
The Elongate coin may not be Elon Musk’s creation, but it’s still his namesake. This cryptocurrency began as a joke after Elon Musk made a Twitter remark about the Watergate Scandal.
Elongate first launched on March 25, 2021, and has since amassed over 400,000 holders and donated more than $3.5 million to various charitable causes.
On July 20, 2022, the Elongate price stood at $0.000000013.
What Makes This Cryptocurrency Unique?
Elongate works like an aid token that gives stakeholders a portion of transaction fees and uses it to support various causes. In fact, 10% of Elongate’s transaction fees are donated to philanthropic recipients.
Elongate has managed to raise $3.25 million for significant charities, such as the Human Relief Foundation, Children International, and Action Against Hunger.
A Short Guide on Buying Elongate
While you can buy most cryptocurrencies, such as Bitcoin, on cryptocurrency exchanges, Elongate is not available on popular exchanges like Coinbase, Crypto.com, or Kraken. New cryptos such as XRP can be purchased there, so novelty is no excuse.
However, there is a way to buy it online. For example, you can use fiat to buy Binance Token (BNB) on Elongate’s website or Binance and trade it for Elongate tokens. Here’s how you can do this:
Buying Elongate on Binance
To buy the Elongate crypto on Binance, you first need to download a wallet and set it up. Afterwards, go to the Buy & Sell Crypto page to buy BNB Chain. Now go to your Binance wallet, find the BNB Chain you bought, and click “Withdraw.”
The next step is to select a decentralized exchange (DEX) and link your Binance wallet to it using your wallet address. Now you can trade your BNB for Elongate coins.
Buying Elongate on PancakeSwap
To buy the Elongate crypto coin on PancakeSwap, you’ll need an external wallet (such as MetaMask or Trust Wallet) and BNB tokens.
If you use MetaMask, you’ll have to change its network from Ethereum to Binance Smart Chain. To do this, go to “Custom RPC” and enter the following data:
Network name: BNB Smart Chain
New RPC URL: https://bsc-dataseed.binance.org/
Chain ID: 56
Symbol: BNB
BNB Block Explorer: https://bscscan.com.
Now you can add Elongate to your MetaMask wallet. To do this, click on the “Custom Token” button and enter:
Elongate address: 0x2A9718defF471f3Bb91FA0ECEAB14154F150a385
Token Symbol: ELONGATE
Decimals of Precision: 9
Now, select “Import.” Keep in mind that you’ll also have to set the slippage at 12% to complete the transaction (this can be done in the settings).
Finally, specify the amount of BNB you wish to exchange for Elongate, then click on the “Swap” and “Confirm swap” buttons. If you did everything right, you should get the “Transaction submitted” notification.
Possible Exchange Issues
Some users report getting the following error while trying to purchase the Elongate token on PancakeSwap:
“The transaction cannot succeed due to error: PancakeRouter:
INSUFFICIENT_OUTPUT_AMOUNT.”
If this happens to you, no need to panic. This can happen if you’re trading tokens that have low liquidity. To fix the issue, here’s what you can do:
- Refresh the page.
- Trade smaller amounts.
- Increase your slippage tolerance (under the settings icon).
- Put an amount with fewer decimal places.
- Set a custom slippage percentage (from 10% to 15%) before tapping on the “Swap” button until you find one that works (it’s usually 11% or 12%).
Should You Buy Elongate Crypto Coin?
There are currently over 5,000 different cryptocurrencies in circulation, and some of them are pretty much worthless (such as Luna), so it’s only natural to wonder whether Elongate is a good investment.
Right now, Elongate is not the best long-term investment. Why? First of all, this is a new cryptocurrency that started as a joke, so it’s hard to see if its price will grow in the near future.
Secondly, Elongate can’t be mined like Filecoin or Bitcoin. You can only buy it, and there are currently 494,740,300,749,478 tokens (out of 569,000,000,000,000) in circulation.
And lastly, when it comes to Elongate price prediction, experts believe its value could reach $0.000000090 by 2025 (which is pretty low). However, to get there, Elongate should at least develop its own blockchain platform or native app.
On the other hand, if you like experimenting with cryptocurrencies and supporting social causes, you might want to invest a couple of nickels into Elongate due to its low price.
Conclusion
While it’s pretty tricky to get your hands on Elongate since you can’t purchase it from popular cryptocurrency exchanges, there is still a way to buy it online (via Binance and PancakeSwape).
However, Elongate is not the best long-term investment since it’s a new cryptocurrency. In other words, it’s still early to say if its value will explode in the future. Yet, this is the case with most new cryptos.
FAQs
Is Elongate a real crypto coin?
Elongate is a real cryptocurrency; however, it is not yet listed on any major exchanges. Additionally, Elongate is not the best long-term investment at this time as it is a pretty new cryptocurrency. Its value could potentially grow in the future, but this is yet to be seen.
Is Elongate available on Coinbase?
No, Elongate is not available on Coinbase, but you can get it on other platforms such as Binance.
Where can I buy Elongate crypto?
You can only purchase Elongate via Binance or PancakeSwap. To buy Elongate, you must first create a wallet and buy BNB tokens using fiat currency. Once you have done this, you can exchange your BNB tokens for Elongate tokens using PancakeSwap.
To successfully buy the token, you will also need to set the right slippage (usually at 11% or 12%). Finally, click on the “Swap” button to complete the transaction.
Now that you know where to buy Elongate crypto, you should also know you can store them in any wallet that supports BEP-20 tokens, such as Trust Wallet or MetaMask.
