No Slippage And 0.25-0.5% Fees When Buying eGold With Bank Transfers in EUR, GBP & INR From Transak

Beniamin Mincu
·
Oct 15, 2020
·
2 min read
Buy eGold on Transak

We’re happy to announce new opportunities to buy eGold directly with fiat from Transak!

You can now get native eGold with zero slippage - the difference between the expected price of a trade and the actual cost at which it is executed - and 0.25-0.5% fees, when paying with EUR, GBP & INR via bank transfer.

Transak also offer credit card payment options for 39 fiat currencies which are settled immediately.

Get eGold here: https://global.transak.com/?defaultCryptoCurrency=EGLD

When using GBP for bank transfers the transactions are settled in minutes instead of bank days, which is a great option even for non-UK citizens using fiat apps such as Revolut.

As a graduate of the third Consensys “Tachyon” accelerator program, Transak set out to commoditize user access to modern financial applications. Its product aggregates several fiat on/off ramps with a simplified user interface, in compliance with the applicable regulations and at competitive rates.

About Elrond

Elrond is the internet-scale blockchain, designed from scratch to bring a 1000-fold cumulative improvement in throughput and execution speed. To achieve this, Elrond introduces two key innovations: a novel Adaptive State Sharding mechanism, and a Secure Proof of Stake (PoS) algorithm, enabling linear scalability with a fast, efficient, and secure consensus mechanism. Thus, Elrond can process upwards of 15,000 transactions per second (TPS), with 6-second latency, and negligible cost, attempting to become the backbone of a permissionless, borderless, globally accessible internet economy.

About Transak

Transak is a single integration for applications to accept fiat-to-crypto deposits and withdrawals from a global user base. It does this by aggregating fiat on-ramps from around the world and abstracting away the complexity of local compliance, payment methods, and operations. The Transak product is a widget integration that can be integrated into an app in just a few lines of code. Transak is backed by Consensys and graduated from the Tachyon accelerator program.

Transak - Fiat on/off ramp aggregator
A simple and compliant way for customers to buy and sell crypto assets with a bank transfer

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Written by
Beniamin Mincu
CEO, Elrond Network