how to buy helium

Helium, the People’s Network, offers an advanced decentralized network that improves the capabilities of IoT (Internet of Things). Due to the rising popularity of Helium, many crypto enthusiasts have started asking questions like “how to buy Helium (HNT)” and “where to buy Helium.”

If you want to buy HNT but don’t know where to start, you will learn a lot from this article. We’ll cover the fundamental steps of buying HNT, as well as some essential topics about the token.

Helium (HNT) Buying Guide

Step 1: Find An Exchange That Supports HNT

To start buying HNT, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support HNT.

Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

  • 500+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.075%*-0.1%*
  • Sign-up bonus: 10% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 300+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.020%*-0.070%*
  • Sign-up bonus: 5% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • Sign-up bonus : Up to $500 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying HNT, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, CAD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy HNT Officially?

Learning how to buy HNT is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the HNT ticker. You can also look directly for HNT trading pairs to save time. Afterwards, just enter the amount of the HNT tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About Helium (HNT)

Helium (HNT) is a powerful yet economical P2P network that offers practical blockchain services improved by IoT and LongFi (long-ranged network) capabilities. The Helium ecosystem is also powered by multiple connected Hotspots and devices.

Here are the top features of Helium:

  • Helium Hotspot – An economical hardware device for mining HNT and accessing the Helium ecosystem.
  • Proof-of-Coverage – A unique consensus protocol powered by radio waves.
  • LongFi – A combination of Long Range Wide Area Network (LoRaWAN) and Helium blockchain services.
  • Helium Console – A web-based device application designed to manage the devices connected to the Helium network.
  • Helium Tabs – An advanced location tracker that can monitor different things over the network.
  • Data Credit System – HNTs can be burned to generate Data Credits. These Data Credits are necessary for network service payments.

The Helium network has partnered with big companies like Salesforce, Lime, Digital Matter, Lonestar, Careband, Mimiq, and InvisiLeash. In the future, experts believe that Helium will gain even more partners and affiliates.

How Does HNT Work?

HNT, the native token of Helium is primarily used as a reward for Hotspots (nodes) for securing and stabilizing the network. Users can also turn HNTs into Data Credits which can then be used as transaction fees in the Helium ecosystem.  

What Makes Helium (HNT) Unique?

The Helium blockchain is a P2P system that focused on combining the aspects of decentralization and radio wave networks. Due to the availability of radio waves, it’s somehow easy for Helium to build a decentralized ecosystem supported by lots of Hotspots.

Helium’s Hotspot system is an economical way of mining HNT tokens. Users or data miners can just set up a Hotspot through the available tools offered by the Helium network. Since Helium relies on long-range waves, it has a special consensus protocol known as Proof-of-Coverage. This protocol guarantees quick and secured validation for connected nodes.

As Helium continues to grow, users will gain more access to decentralized features and services. These features will further strengthen the Helium ecosystem and pave the way to a decentralized P2P digital world.

Who Are the Founders of Helium (HNT)?

The founder of Helium is Amir Haleem – the former CEO of a company called Diversion. Haleem’s skills and experience allowed him to build the foundations of Helium. Additionally, Amir Haleem is also supported by a team of talented individuals with deep cryptocurrency experience.

What Are the Use Cases of Helium (HNT)?

The Helium token (HNT) has simple use cases for traders, developers, and entrepreneurs. Since the token is not complicated to use, it has a low barrier of entry. Understanding HNT’s use cases will help you determine if HNT is aligned with your crypto preferences.

Here are the common use cases of HNT:

  • Speculative trading
  • Service fees (HNT generates Data Credits)
  • Improved data transmission over a Hotspot
  • Reward token
  • Long-term investments

Who Builds on Helium (HNT)?

The Helium P2P network is designed for everyone who wants to use a low-cost, decentralized ecosystem for various services and options. Since Helium utilizes long-ranged connectivity and an improved IoT (Internet of Things) framework, the platform’s fees tend to be lower than most blockchain networks. Developers can also build their projects in the Helium network.

Official website: https://www.helium.com/

Essential Points of the Helium (HNT) Whitepaper

The Helium Whitepaper discussed the structural framework and products of the Helium network. Additionally, the paper also covered the tokenomics of HNT.

These are the strong points of the Helium (HNT) Whitepaper:

  • The Helium infrastructure
  • Helium’s Proof-of-Coverage protocol
  • The LongFi system
  • Helium Hotspot wireless router
  • Helium Console
  • Helium Tabs (location trackers)
  • HNT tokenomics
  • HNT mining rewards
  • Helium Roadmap

The Best Cryptocurrency Wallet for HNT

After knowing how to buy HNT, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for HNT?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of HNT wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade HNT right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors

Now that you already know how to buy HNT, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor wins in terms of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for Helium (HNT)

Do you want to learn more about Helium (HNT) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!

Additionally, here are some important topics in our blog:

  • Trading speculation about Helium (HNT)
  • The current market prices of cryptos
  • Detailed price charts with comprehensive histories
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

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