How to buy Harmony One coin online

Harmony is a decentralised platform fuelled by its cryptocurrency: the ONE token. Use this page to learn about Harmony and why the coin has value.
By: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: May 13, 2021
Tip: our preferred broker is, eToro: visit & create account

In this beginner’s guide you’ll get a background on what Harmony is and how it works. Find out what makes Harmony different from other marketplaces on the internet and whether that makes it a coin worth investing in.

Compare where to buy Harmony, and open an account

The ONE token is available from any of the brokers below. These are also some of the best trading platforms, that have been reviewed and approved by our team of cryptocurrency experts. If you want to learn more about the Harmony platform first, then scroll down to keep reading.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Exclusive promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$20
Exclusive promotion
User Score
8.7
Margin Trading with full legal compliance
Cryptocurrency staking
Various Payment options
Start Trading
Description:
Cex.io offers exchange of fiat currency for Bitcoin Ethereum, Tether, and 23 other cryptocurrencies, as well as Bitcoin/Ethereum trading against the USD.
Payment Methods
Credit Card, Cryptocurrencies, Debit Card, Wire Transfer, skrill
Full regulations list:

What is Harmony?

Harmony is a software platform for building applications. These apps are marketplaces where people can buy and sell assets from each other directly without going through a central body. Every transaction on Harmony is paid using its ONE token, which is also used to pay fees, vote on governance issues, and earn rewards.

One of the pioneers of this type of decentralised software is Ethereum, and Harmony builds on that technology to create a platform that can be used on a much wider scale. The Harmony team boasts a lot of software engineering experience, as it’s full of alumni from Amazon, Apple, and Google.

How does Harmony work?

Harmony works by removing the middleman and replacing it with peer-to-peer transactions. Customers can deal with each other directly, as a history of every transaction is stored on a public blockchain. Whenever a new trade happens, Harmony checks the blockchain to make sure everyone owns what they say they do, and verifies the transaction by adding it to the chain.

What makes Harmony different is its use of ‘sharding’. Normally, blocks are added one at a time. With sharding, a block is broken down into lots of different pieces – shards – that can all process transactions at the same time, before coming back together as a single block to be added to the chain. This lets Harmony cope with many more transactions than the likes of Ethereum and Bitcoin.

How to buy ONE online – a step-by-step guide

Step 1. Find an exchange

An exchange platform is the best place to buy ONE tokens in the UK. With most exchanges, you can use fiat currency (like GBP, USD, and EUR) to fund your account, and then you can transfer that directly into Harmony, or into another cryptocurrency like Bitcoin first. A couple of the top exchanges around are:

  • Binance: With Binance you can trade more than 100 cryptocurrencies. Binance has more trading volume than any other exchange and so is a great place for most crypto trading. Sign up for Binance >
  • BitMEX: BitMEX offers one of the most reliable peer-to-peer bitcoin trading services and much lower fees than most CFD trading platforms.  Join BitMEX now >

Step 2. Sign up and fund your account

When you join an exchange you usually need to sign up for an account before you can start trading. This is simple enough, but make sure you have a form of photo ID handy to verify your identity. Then you can deposit funds in whichever fiat currency you like to get started.

Step 3. Purchase

The Harmony token goes by the ticker ONE. If you’re using a fiat currency, you want to find the ONE/USD or ONE/GBP pair, for example, while if you’re using Bitcoin it would be the BTC/ONE pair. Then you can look up the current exchange rate, choose an amount, and execute the trade.

Step 4. (Optional) Get a suitable wallet

You can store your new coins in your exchange account, but if you want more security you can get a wallet. Wallets are a way of storing your coins with a private key that only you know, and come in online or offline forms depending on how much security you want.

Here are two of the top wallet providers available:

  • Ledger Nano S: A hardware wallet that stores coins entirely offline. A very secure wallet, it keeps the coins safe even if it comes into contact with an infected computer. Get a Nano S today >
  • BitLox: BitLox is another hardware wallet but comes with a variety of different options depending on the level of security you’re looking for. Join BitLox now >
1
Min. Deposit
$1
Exclusive promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Harmony – a step-by-step guide

Step 1. Find a broker

When you trade Harmony you want to find a broker with low trading fees. If possible you want one with the most flexible trading options as well. You want to be able to trade as much as you want in any way you choose, so don’t settle for any less.

You won’t find Harmony available with many brokers yet. As it grows that may change, and you can use the likes of eToro or Robinhood to trade when it does.

Step 2. Deposit money

Before you start trading you’ll need to fund your account. You can do this with fiat currency – like GBP, USD, or EUR – but there could be fees associated with deposits and withdrawals. Make sure to read the small print so there aren’t any surprises.

Step 3. Decide how you’d like to trade

When you decide to trade you’ll probably find your broker offers two options for how to do it. These are trading CFDs and spread betting. You can read more about each trading method in our guides and use that to decide which one you prefer.

Step 4. Start trading 

The final step is to get stuck in and start trading. If you’re new to cryptocurrency, you might think about starting with a demo account. Most brokers offer these as a way for beginners to get to grips with the market without the risk of losing a lot of money.

The basics of trading are that if you like a coin, you should buy it – also known as taking a ‘long’ position – while if you have a reason to think it’s going to fall in price, you should sell – ‘short’ – it instead.

From within that basic framework you can use more advanced features as well. One of those is leverage, a way of making bigger trades to the tune of many times your initial deposit. That deposit serves as collateral and is known as ‘the margin’, while your broker puts up the rest. Just be careful: the broker can ask for more margin at any time, and you’re still on the hook for the full value of the trade.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Still undecided?

Here are some pros and cons to help you decide whether you’re interested in Harmony. Below that are a few more questions, based on whether you have a long term or short term approach.

Pros

  • ONE is an inexpensive, entry level coin for beginners
  • The project is run by engineers with lots of successful tech experience
  • Harmony was the first of these platforms to launch with ‘sharding’ technology

Cons

Now that you have a better idea of the best bits, here are three more questions to think about before you invest in Harmony.

1. Is it a good time to buy Harmony?

A lot depends on what your goals are. If you want to hold for the long term you need to think about whether you want to use your coins on the platform, as staking them can earn rewards. If you believe in the future of decentralisation but aren’t sure which platform is best, then using ONE as an inexpensive way to diversify your portfolio could also make it a good time to buy.

Short term traders want to find a broker with low fees and keep tracks on the current ONE price to try to time their entry into the market. It might be an idea to learn more about technical analysis to see how to predict price moves. All types of traders can use the latest market analysis to help them invest:

2. What problem does Harmony solve, and what are the coin’s investment prospects?

Harmony solves the problem of blockchain technology struggling to cope with a high volume of transactions. A good comparison for how fast these platforms need to operate to be realistic alternatives to real world markets is Visa. Visa can process about 2000 transactions per second. Harmony’s goal is over 10 million.

That is a long way off, but Harmony was one of the first decentralised platforms to go live using sharding, and the coin’s investment prospects depend on how well it compares to the competition. As the currency that powers the network, ONE’s price is likely to increase as more people join it.

There’s a fierce battle between platforms like Polkadot, Algorand, and Zilliqa to rival Ethereum and be the leading decentralised platform. This means research is very important, part of investing in ONE is knowing what everyone else is doing, and you can follow the latest news right here:

Harmony ONE/USD has weakened from the record highs above $0.22, registered on 29th March, below $0.05, and the current price stands around $0.08. Fundamental analysis: Harmony announced a partnership with SushiSwap Harmony is the open blockchain that runs Ethereum applications with 2-second transaction finality and 100 times lower fees.

3. Do you want to hold Harmony for the long term?

If you like Harmony’s prospects to overtake other decentralised platforms, you might want to hold for the long term. Similarly, if you want to use your coins to help power the platform and earn rewards, you should buy some to hold on to.

Considerations for a long term investment strategy

Investors with a good feeling about Harmony’s prospects should find an exchange and buy some coins straight away. Then you can think about getting a wallet to store your coins. Long term investors should also follow the news, not just to track Harmony but also to follow the developments of all its many competitors.

Considerations for a short term trading strategy

Short term traders should also follow the news, you want to know when anything happens that might cause a jump in ONE’s price. But the most important thing is to find a broker with low trading fees so that you can make as many trades as you want.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

James Knight
Lead content editor
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… read more.