How to Buy Helium (HNT) – A Beginner’s Guide
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As we move into the next phase of the current crypto bull run, IoT (Internet of Things) and DePIN (Decentralized Physical Infrastructure) projects are riding a major narrative that will help investors generate significant profits. In this guide, we’ll find out how to buy Helium (HNT) tokens, and learn more about this top-level IoT and DePIN ecosystem.
Helium’s decentralized wireless technology is designed to service everything from smart cities and agricultural infrastructure to mobile phone networks, environmental monitoring stations, supply chains, and more. Data passes through Helium “Hotspots”, which anyone can set up and run in exchange for Helium IOT and Helium MOBILE tokens. These tokens can then be redeemed for HNT, the native cryptocurrency of the Helium network.
In order to send data over the Helium network, users must pay for data credits using HNT tokens. This creates a powerful internal economy within the Helium ecosystem, and generates more than enough demand for HNT tokens among the network’s users and investors.
How to Buy HNT: TL;DR
Through this guide, you’ll find out all the essential information you need to invest in Helium – including where to buy Helium, and how to buy HNT tokens. Helium is a highly respected DePIN (Decentralized Physical Infrastructure Network) that provides data services to mobile phones, weather stations, and all kinds of IoT (Internet of Things) devices. Buying Helium is as simple as choosing an exchange (we recommend MEXC), creating an account, depositing some funds, buying the HNT tokens, and keeping them safely stored in a crypto wallet.
Next, we’ll go through a step-by-step guide on how to buy Helium tokens – and then look at the process and the Helium project in more detail.
How to Buy HNT in 5 Easy Steps:
- Choose a trusted cryptocurrency exchange that supports HNT (such as MEXC).
- Create and verify your account.
- Deposit funds (fiat or crypto).
- Find HNT on the exchange, and create a buy order.
- Transfer your HNT to a self-custody crypto wallet for secure storage.
In This Guide:
- Helium Key Features
- How to Buy Helium – Step-by-Step Instructions
- Helium Overview
- Helium Tokenomics
- Why Buy Helium and Is It Worth It?
- How to Store Your HNT Crypto Tokens
- What Can You Do With Helium Tokens?
- Buy HNT Verdict—A Promising Investment?
- FAQs
Helium Crypto Project Key Features
The key features of the Helium network include:
- DePIN Network: Helium enables anyone to set up a “Hotspot” that provides wireless data coverage to their local area. This data can be used for all kinds of purposes, from weather monitoring to smart city infrastructure, cellular phone connections, and more.
- IoT Connectivity: Data that passes through the Helium network can be transmitted to Internet of Things (IoT) devices, such as smart cars, household appliances, TVs, health devices, and any other kind of device that can be connected to the Internet.
- HNT Tokens: HNT is the native cryptocurrency of the Helium network, and is the only way to pay for Helium network data credits (which are used to send data through the network).
- IOT and MOBILE Tokens: These are mined through Hotspots (blockchain mining devices), and can be redeemed for HNT tokens.
- Proof of Coverage: This is the Helium network’s proprietary consensus model, which rewards users who validate network transactions (and mine IOT and MOBILE tokens in the process).
How to Buy Helium Crypto – Step-by-Step Instructions
You can buy Helium crypto tokens (HNT) by following this detailed guide:
1. Choose a Crypto Exchange That Supports Helium (HNT), Such as MEXC
The first step is to find a high-quality crypto exchange that will allow you to buy HNT tokens. We recommend MEXC – and HNT is also available on some other exchanges, such as OKX.
2. Create and Verify Your Crypto Exchange Account
When you sign up for a crypto exchange that’s listed HNT, you’ll need to follow the account creation process. This varies depending on the exchange in question, but will normally involve providing an email address, choosing a password, agreeing to the platform’s terms of service, and perhaps following additional security procedures. KYC (Know Your Customer) requirements are increasingly common, and usually mean some form of identity verification – so you may be asked to upload ID documents, take a selfie, and provide other information as needed.
The exact nature of the verification process (if one is required at all) will depend on the laws of the country you live in. Completing the process can take minutes, hours, or possibly days, depending on how the exchange processes and reviews your information.
3. Add Funds to Your Account
To deposit funds into your account to buy HNT, you’ll need to either purchase some crypto (usually USDT) directly through the exchange using fiat currency or transfer some crypto that you already own from one of your crypto wallets.
If you don’t already have a separate wallet and you don’t own any crypto at all yet, fiat purchases will be your only option. You’ll normally be able to fund your account using a bank transfer, credit or debit card, or an alternative fiat-based payment method, depending on where you live.
Keep an eye out for the fees associated with fiat purchases and crypto transfers, as these can vary depending on the payment method (or the blockchain network) that you’re using to fund your account.
If you’re making a crypto purchase using fiat, it’s also worth checking to see if you can buy HNT directly using your bank account or credit card. If a direct fiat purchase is not an option, you can use the next step instead.
4. Find an HNT Spot Trading Pair, and Buy the Tokens
When funding your account, bear in mind that you’ll need to buy a cryptocurrency that the exchange will allow you to trade for HNT. This will usually be USDT, although some exchanges allow HNT to be traded for other tokens. If in doubt, simply search for “HNT” on the exchange’s coin list, and see what trading pairs are available.
When you find the HNT trading pair you need, you can buy HNT using one of two order types:
- Market Order: This will instantly purchase HNT at the current market price. Bear in mind that if you make a large order, you may end up paying more than expected, due to slippage.
- Limit Order: This will allow you to determine the exact purchase price you want. This option gives you more control over how much you pay – but if there aren’t enough tokens available at the price you want, you may not get as many tokens as you wanted.
5. Store Your HNT Tokens in a Secure Crypto Wallet
Many crypto investors choose to keep their tokens in their exchange wallets – and although this is a convenient option, it’s not the most secure. If you leave your tokens on an exchange, they’ll be vulnerable to loss through potential hacks, cyber attacks, and loss of custody if the exchange becomes insolvent or goes bankrupt.
To learn more, check out our guide to the best crypto wallets on the market. You can also choose from some of our most highly recommended crypto wallets using the display below:
Helium (HNT) Overview
Helium is an incredibly powerful wireless DePIN and IoT network. It allows anyone to set up a Helium “Hotspot”, which can transmit data across their local area. Devices that can use that data range from cellular phone networks to weather stations, household appliances, smart city infrastructure, smart cars, and any other wireless device that can be connected to the internet.
HNT is the native cryptocurrency token that powers the Helium network and is the only way that users can pay for data credits. Hotspots automatically validate transactions on the network (using an innovative consensus model called Proof of Coverage), and mine IOT and/or MOBILE tokens in the process. These tokens can be redeemed for HNT tokens, contributing to the internal economy that enables all users to benefit from the Helium project.
Since DePIN and IoT technologies have generated a lot of hype in recent years, tokens such as HNT could make a great investment for the most forward-looking crypto enthusiasts.
Helium Tokenomics
The HNT token launched in 2019 without a pre-mine stage, and the protocol uses a “burn and mint equilibrium” design to enable the HNT supply to automatically adjust itself according to the latest network usage trends. A “Net Emissions” mechanism also ensures that enough HNT is available to reward the miners who maintain and support the network through their Hotspots.
This means that the exact HNT supply and the overall economic balance of the Helium ecosystem both exist in a continuous state of change – but this is to ensure that the entire network remains stable and secure. The HNT token emission schedule incorporates a Bitcoin-style halving mechanism, and the maximum HNT supply should eventually be capped at 223,000,000 tokens. HNT’s tokenomics have also been modified through community improvement proposals; the most up-to-date information can be found through the Helium network’s technical documentation.
Why Buy Helium Crypto Tokens and Is It Worth It?
For investors and traders who find themselves fascinated by DePIN and IoT technologies, the Helium crypto token looks like a strong addition to a cryptocurrency portfolio or trading strategy. The dynamic and changing economics of the Helium ecosystem are worth bearing in mind due to their unpredictability, although token supply fluctuations are unavoidable when dealing with such a massive physical and digital infrastructure network.
How to Store Your HNT Crypto Tokens
HNT crypto tokens can be stored on the crypto exchange where you bought them – although storing crypto tokens on an exchange is not the safest option. We recommend Best Wallet as the most flexible and secure crypto wallet on the market today.
What Can You Do With Helium Crypto Tokens?
Helium tokens can be used to buy data credits, which you’ll need in order to send data across the Helium network. HNT tokens are the only payment method accepted for this purpose.
HNT tokens can also be held by investors looking to make a profit, should the token price go up in the future.
Buy HNT Verdict – A Promising Investment?
As we’ve seen throughout this guide, Helium crypto tokens are a potentially strong choice for investors and traders who like to explore the latest groundbreaking technologies and projects. In order to buy Helium crypto tokens, we recommend doing so through the MEXC crypto exchange – which you can access by clicking the button below:
Buy HNT on MEXCFAQs:
How to invest in HNT?
Is it safe to buy HNT?
How much does HNT cost to buy?
Can I buy $10 of HNT?
Where to buy HNT?
References:
- “Helium: A Decentralized Wireless Network” Helium Whitepaper, Accessed 10 Dec. 2024.
- “Helium Price Today” CoinGecko, Accessed 10 Dec. 2024.
- “Helium – Introducing the People’s Network” Helium, Accessed 10 Dec. 2024.
- “Slippage: What It Means in Finance” Investopedia, Accessed 10 Dec. 2024.
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