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How to buy Eleven Finance (ELE) in the US
A beginner's guide to buying and selling ELE in the US.
How to buy Eleven Finance
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Eleven Finance.
- Open an account on an exchange that supports ELE.
Unfortunately, at this time no major exchanges in the United States offer ELE, but you may be able to purchase it with another cryptocurrency. Just be sure to follow all legal restrictions and requirements.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Eleven Finance.
- Buy Eleven Finance.
Complete your Eleven Finance purchase and then find the best wallet to store ELE.
What is Eleven Finance?
Eleven Finance is an automated yield farming platform that operates on both Binance Smart Chain and Polygon. The ELE token is the native token of the Eleven Finance ecosystem and can be staked in return for E11 tokens, which in turn receive platform fees and rewards. The ELE token was distributed through a presale (20%), with the majority being reserved for yield farming rewards which will be distributed over the course of the first year of operation.
Eleven Finance (ELE) is the 1447th largest cryptocurrency in the world by market cap, valued at $5,234,404. The current price of Eleven Finance is $1.39, which is -3.631% lower than yesterday. Prices have ranged between $1.45 and $1.37 over the past 24 hours. All prices are listed in US dollars and accurate as of October 24, 2021 09:10 UTC.
Where to buy Eleven Finance
Unfortunately, at this time no major exchanges in the United States offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
Eleven Finance at a glance
|Total ELE supply||5,318,950|
|All time high||US$7.93|
|Network||Binance Smart Chain|
Eleven Finance price performance over time
How to sell Eleven Finance
You can cash out your ELE with the same exchange you bought it through:
- Sign in to the exchange you have ELE on.
If you store your Eleven Finance in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of ELE you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Eleven Finance.
What to consider when buying Eleven FinanceWhen purchasing any cryptocurrency it is important to understand the risks involved, especially with any token associated with DeFi protocols which tend to carry an extra degree of risk due to exploits, malicious developers and smart contract flaws. In particular, ELE buyers should consider the following:
- Competition. Eleven Finance is operating in a highly competitive industry with many other DeFi protocols that perform similar functions. As such, the price of the ELE token may be influenced by Eleven Finance's market share in relation to competitors.
- Inflationary. A total of 4,950,000 tokens (67.5% of the total supply) are set to be released over the first year of operation, which began in late 2020.
- Anonymous developers. The team behind Eleven Finance is anonymous, which means the project is at risk of being exploited from within (ie, developers stealing funds).
Eleven Finance (ELE) in news
Weekend Status Quo: Bitcoin Stable Amid $60K, ETH Maintains $4K (Market Watch)
Blockstream CSO Samson Mow Says Turkey Needs Bitcoin (BTC)
YouTube channels reportedly being taken over by hackers to livestream crypto scams
Disclaimer: Cryptocurrencies, including Eleven Finance, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ELE is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Eleven Finance or any other cryptocurrency discussed.
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