This article will explain the methods of how to buy Elongate (ELONGATE). This coin is lovingly named after the famous Elon Musk. The website shows a copy of a tweet from Elon Musk, saying, โIf thereโs ever a scandal about me, please name it Elongate.โ Hence, this tokenโs name. The price of Elongate is extremely low, which draws in new investors to multiply their money quickly as the token gains popularity. Elongate can be complex to purchase, so weโve broken it down to make your Elongate purchase easy and painless.
This step-by-step guide was created to help you learn where to buy Elongate easily.
- Also learn about: Best Cryptocurrency Under $1
Disclosure: No content in this article should be taken as financial advice. Investing can be risky, so it is recommended that you consult with your accounting, legal, and tax advisors before engaging in any kind of transaction.
What is Elongate?
Elongate is a new cryptocurrency that started off as a joke to a Tweet Elon Musk made about the Watergate Scandal. The tweet said, โIf thereโs ever a scandal about me, *please* name it Elongate.โ Because of the easy-identifiable name, Elongate has been exploding in popularity.
Elongate hosts a community of over 100K unique HODLERS. The community is passionate about charity, memes, and internet pop culture. The website claims that Elongate has raised over $1M for charity.
Experts in the crypto space call Elongate a high-risk coin. The success of this coin is dependent on its holders buying in and continuing promoting the coin for the price to continue rising. The Elongate website even has a donation page where people can donate in order to fund Elongate billboards across U.S. cities.
Where to Buy Elongate Crypto
Unfortunately, for the everyday investor, Elongate is a bit of a nightmare to purchase. We outlined the best method for buying Elongate below. You will be able to buy Elongate through a combination of using Binance, Trust Wallet, and Pancake Swap. Please read the below guide carefully to purchase your Elongate coins!
How to Buy Elongate with Binance and Trust Wallet
Step 1: Create and verify your Binance Account.
If you are a U.S. resident click here to create your account:
If you live outside the U.S. click here to create your account:
Go through the guided steps to set up your account. You will be required to verify your identity which should only take a few minutes.
Step 2: Deposit Fiat
You will need to connect your bank account or connect a debit/credit card in order to buy Binance Coin (BNB). This is what you will have to use in order to buy Elongate. We highly recommend purchasing through connecting a bank account to avoid high fees! If you want to buy BNB quickly, you can use a credit/debit card but may pay a small fee.
You will see Buy Crypto at the top of the page.
Now, simply click on Payment Method and Add New Payment Method and then choose one of the following:
- ACH (this is a bank transfer and recommended for beginners + lowest fee)
- Credit/Debit Card (recommended for beginners and small purchase amounts)
- Domestic Wire (not recommended)
Once you have chosen your preferred way to transfer fiat to your account, youโll simply follow the on-screen instructions and move to the next step.
Step 3: Convert Fiat to BNB
Great โ youโve successfully deposited fiat into your account! Now you will need to convert your fiat (i.e. USD, EUR, etc) to cryptocurrency. You will need to buy BNB.
Once you purchase BNB, you are ready to start the process of buying Elongate!
Step 4: Download Trust Wallet
You will need to download Trust Wallet on your mobile phone. Simply go to your app store, search Trust Wallet and download the app. Go through the process to create an account.
Important Note: Make sure you SAVE your key phrases in a SECURE location! We donโt recommend writing them down on a piece of paper (you will lose it). Save them in a secure password storage app, such as LastPass.
Step 5: Get the Receive Address from Trust Wallet
Click on the Settings button on the top right of the app. Now, search for BNB. It will be the first listing that you see. Go back to the crypto list and click on BNB. It will open up a dedicated page for BNB.
Click on Receive. Clicking receive will give you an address where you can send the BNB that you bought earlier from Binance. Copy this address.
Step 6: Send BNB from Binance to Trust Wallet
Go back to your Binance account. Click on Withdraw. Here, you will input the address that you copied from Trust Wallet. This will allow you to send your BNB from Binance to Trust Wallet.
Note: You do not need to input a Memo. Just click Send.
Step 7: Buy BNB SmartChain with BNB
Go back to the Trust Wallet app and click on DEX at the bottom of the app. Click on You Pay and type in BNB.
Next, click on You Get and then click on BNB SmartChain.
For the amount of You Pay, type in whatever amount of BNB you have. Then, click on Swap. Your BNB coins will now be transferred to BNB SmartChain.
Step 8: Add Your Browser to TrustWallet
On your phone, go to Safari or your default browser. Copy/Paste and Go to this address: trust://browser_enable
It will now ask you if you want to open this page in Trust. Click on Open. You should now be back in the Trust Wallet app.ย
Step 9: Buy Elongate on Pancake Swap
On the bottom of the screen, click on Browser and search for Pancake Swap and click it. This will open Pancake Swap.ย
You should now see an option that says From. Make sure BNB is selected. Click the Max button or type the desired amount of BNB you want to use. On the To option, you will need to type in Elongate.
Note: In this step, you may see some errors. This is due to the slippage tolerance. The higher the tolerance, the more GAS fee you will pay. You can leave the tolerance at 11% or try to put it lower. However, just note you may get errors. We had to put it on 15% for it to work successfully.
How to Buy Elongate โ Video Help
If you need help buying Elongate, hereโs a step-by-step video.
Frequently Asked Questions
Is Elongate Legit?
We recommend Elongate as a coin for short-term holding. This coin has been pushed by celebrities and has garnered a lot of attention, but that doesnโt mean it is safe. We always recommend trading at your own risk and doing the research before investing in any cryptocurrency.
Is Elongate on Coinbase?
Elongate is currently not on Coinbase.
Is Elongate on Binance?
Elongate is not currently on Binance. Please read the guide above for how to buy Elongate using Binance.
What is the synonym of Elongate?
The synonym of Elongate is ELONGATE.
