In the Last three articles, I've introduced to you one, two and three super useful utilities for startupping a new address and start using the chain you wish, if you are a newbie.
That's super cool and that's why every person in the crypto field should have elk.finance on their bookmarks.
But there is something more!
Actually it is strictly related to the latest article I wrote last week, because it is still related to the Switchere service offered in partnership with Elk Finance, for buying $ELK directly on chain with FIAT money without passing throught Centralized Exchanges.
This is a very simple secret actually. But it's huge!
When you use Switchere on Elk Finance to buy $ELK with FIAT, then you could be in trouble just after that because if you never used BSC chain, you have no gas!
So there're three ways in front of you:
- Fauceting yourself from other chain you already use (prerequisite: you should already be active on an other chain and you loose a bit of privacy because people who do onchain analysis could see the relationship between the two addressess)
- Fauceting yourself from another active address on BSC (prerequisite: you should be already active on BSC and you still lose a bit of onchain privacy for the same reason of above)
- Fauceting yourself by using FIAT aswell for buying BNB also!
Let's explode this third point:
When you use Switchere on Elk Finance, you can actually select the coin you want from a long list, and what you need to do is to select BNB also, so you will be ready to move your ELK just after it!
This third option compared to the other two protects you from onchain analysis because this way is not putting in relationship your addresses and keep them indipendent (you could not care in many cases, but other cases would require more privacy: for security mainly).
Switchere will know your new address of course, but it doesnt know your other previous addresses if you never sent transaction between them. It only knows the one you used for buying ELK and BNB!
So this is a very cool solution for startupping new addresses in minutes, for both newbie and advanced users!
And that's why elk.finance should be on the bookmarks of every browser!