If you have any interest to buy Elitium (EUM), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of Elitium (EUM).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange Bitmart
Now, let me guide you on how to purchase Elitium (EUM) using your investment from Binance.
Remember not all cryptos can be traded in Binance we need to transfer our coins to an exchange that Elitium (EUM) can be traded. So let me guide you to Bitmart which is a famous exchange to trade altcoins. Use the link below to register your new account.
If you have completed similar processes as we’ve done before with Binance you are ready to transfer your Bitcoins.
Step 4: Depositing BTC to Exchange
If you have created a new trading account setup at one of the exchanges that trades Elitium (EUM), you will need to transfer your BTC from Binance to that specific exchange. Depositing is done via a wallet system.
You need to move your mouse over to your mail address on the top right and click “Assets”
Look for “BTC” from Token section and copy the given “Deposit Address”
This process may be difficult to do but don’t worry, it is much easier than using a bank transfer.
If you have already copied your unique BTC wallet address go back to Binance.
You will be needed to move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”.
Look for BTC in the list and click on “Withdraw” on the right hand side.
Next, you need to paste the deposit address you just copied from the other exchange and select BTC as the transfer network. You also have to write down the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
After you have done the above, you need to click on the Submit button to begin with the withdrawal process. To continue with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That is all you need to do, now just wait for a few seconds so that the blockchain to confirm your transaction.
Step 5: Trading Elitium (EUM)
Now, you need to go back to Bitmart to buy Elitium (EUM) with the Bitcoins you transferred
Look for a trading window once you enter Bitmart.
Which is found on the left column and make sure to select “BTC” pair and in the search bar type in “EUM”. If you have already moved your coin, click on it and now you will see a price chart of EUM/BTC in the middle of the page.
Next you need to choose the “Market” tab as that is the easiest way of buying orders. You can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons. When you have confirmed everything, click “Buy EUM”. Now you own your EUM!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Elitium gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Elitium securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Elitium for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy Elitium with cash?
The answer is No. Because there is no way you can directly buy Elitium with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy Elitium while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase Elitium or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
About Elitium (EUM)
What Is Elitium?
Elitium is your Digital Economy of independence, value, and growth.
Elitium was born in 2017 following the development of a P2P crypto-payments application for luxury yacht charter Boatsters Black.
The success of the product inspired the Elitium co-founders to reimagine wealth management from the ground up, ultimately founding Elitium.
Their mission is to redefine value and help investors successfully diversify their portfolio into crypto, DeFi and tokenized assets — without having to worry about technical barriers or security implications.
In the last few years, Elitium has built a strong network of investors and capital partners, who each contribute to taking the coin, running nodes, and supporting ongoing growth. The Elitium App will be launched by the end of Q1 2021.
Elitium works very closely together with their community and customizes the product accordingly to their needs.
Users can already have a look at the preview and share feedback:
The companies ultimate ambition is to create a decentralized Digital Economy that enables every client to live an abundant lifestyle via wealth management solutions that offer the following APY:
- Elitium Staking: Earn up to 6.5% APY
- Elitium Masternodes: Earn up to 28% APY (Previously 25% APY)
- USD Savings: Earn up to 3.40% APY
- Gold Savings: Earn up to 1.2% APY
- Tokenized Assets: Earn up to 5.1% APY
The Elitium ecosystem is powered by its native cryptocurrency EUM: a digital currency you can stake, trade, spend, and use to invest.
For more information, visit www.elitium.io.
Who Are the Founders of Elitium?
Elitium was founded by Raoul Milhado, Jean-Pierre Morand, and Collin Gelevert.
Raoul met Jean-Pierre in his hometown Amsterdam in 2016, initially exploring how to bring crypto-payments into the world of luxury.
As their ambitions grew, Raoul and ‘JP’ recognized the need for additional legal and financial expertise, onboarding Collin as the third co-founder.
Prior to Elitium, Raoul founded and exited a venture in digital marketing. He’s remained a driven entrepreneur since his early professional years, ultimately spearheading Boatsters’ move into crypto before becoming Elitium CEO.
Jean-Pierre Morand is a tech specialist who’s spent a lifetime involved in frontier tech, first helping bring the internet to France before diving into the blockchain. He has 8 years’ blockchain experience and is Elitium CTO.
Collin Gelevert has worked in global businesses since the 80s, leveraging his financial expertise to set the legal and compliance strategy of Elitium in his role as Chairman and CFO.
What Makes Elitium Unique?
Elitium brings together a variety of blockchain investments in one simple-to-use platform, eliminating the complexity and security implications of holding a blockchain-based portfolio.
Elitium makes it easy for every investor to access the world of blockchain-based products and grow their wealth in a straightforward, streamlined, and secure way. Due to the efficiency of its technology, investors can save time managing their wealth while generating higher returns on a sustainable basis than via traditional systems.
Thanks to its robust network of private investors — including the well known crypto trading expert ‘The Wolf of All Streets’ Scott Melker and merchant bank GDA Capital — Elitium has never held an ICO, instead using private funding to build its product portfolio in a sustainable manner.
Read more about the private investments here: https://finance.yahoo.com/news/gda-capital-wolf-streets-invest-162300045.html
How Many Elitium (EUM) Coins Are There in Circulation?
Elitium launched its native digital currency in 2017, with a maximum circulating supply of 332,000 and current circulation of 30,086,253. Elitium’s native token EUM is an official utility token according to a Memorandum of Advice received from blockchain-specialist law firm, Hassans.
The token powers the products in the Elitium wealth management platform, including the staking system and a limited number of masternodes, with operators participating in the governance of Elitium protocols.
The token also acts as fuel for the app (transactions) and as a currency for the card — alongside playing a central role in the Elitium ecosystem (when you own EUM, you get early-bird access to ECAP investments, discounts, etc.).
How Is the Elitium Network Secured?
EUM is an ERC-20 token running on the Ethereum Blockchain. Transactions get validated through the “Proof of Stake” mechanism, which is more energy efficient and sustainable than the traditional “Proof of Work” Model.
With Elitium you always stay in full control over your own funds. With dedicated cold-storage and multi-signature protection, your funds are stored more securely than in any financial institution. Furthermore your tokens are 100% insured, as long as you hold them within the Elitium Platform.
Also, Elitium works with Amdax as their liquidity partner. An Amsterdam-based crypto bank regulated by the Dutch Central Bank.
Where Can You Buy Elitium (EUM)?
Elitium is available on several mid-tier exchanges, including BitMart, STEX, and FatBTC. Elitium will list EUM on one-to-two new exchanges every month, with the first new exchange listing being announced in January 2021.