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How to buy Elitium (EUM) in the US
Learn how to buy Elitium (EUM) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
Where to buy Elitium
It looks like EUM may not be available to purchase on an exchange in the US.
You can still purchase EUM by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
How to purchase EUM using a decentralized exchange.
- Find EUM on a decentralized exchange and make sure Elitium can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for EUM using an exchange like Gemini. You will need to purchase enough ETH to swap for EUM as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for EUM on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalize and the EUM tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
What to consider when buying ElitiumWhen you are deciding whether or not to invest in EUM, it’s worth considering a few things:
- Competition. Elitium is not only in competition with many other cryptocurrencies (Bitcoin Cash, for example), but fiat currency in general. While the ability to use EUM at Visa-accepted stores is a great point of difference, it still lacks the exposure and market share of its competitors. The adoption of its niche for "luxury service" will play a major role in the eventual viability of EUM as an investment.
- Development. Elitium has demonstrated a great willingness to adapt and expand its services, adding in NFTs, the ability to invest in gold, and a number of staking rewards. This is encouraging, considering the platform was originally designed for renting luxury yachts. Continued strategic evolution will be vital for Elitium to succeed in a saturated industry.
- Security. Given Elitium’s desire to provide luxury services, many users will have significant capital invested in the platform. Elitium claims security is its "number one priority", and has a constant team testing any potential issues. Furthermore, Elitium is backed by a number of smart contract insurers, and funds are primarily held in "state-of-the-art" cold wallet infrastructure.
How to sell Elitium
You can cash out your EUM with the same exchange you bought it through:
- Sign in to the exchange you have EUM on.
If you store your Elitium in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of EUM you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Elitium.
Disclaimer: Cryptocurrencies, including Elitium, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of EUM 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 Elitium or any other cryptocurrency discussed.
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