How & where to buy Helium (HNT) online
This page explains everything you need to know about Helium before you invest. Keep reading to learn what it is, how to buy its tokens, and what the future has in store for the project.
What are the best exchanges to buy HNT on?
If you want to buy Helium now you’ll need to register with an online broker. The platforms below have been selected by our crypto experts and are perfect for both beginners and experienced investors. Click any of the links to get registered in just a few minutes.
How to buy Helium online – a step-by-step guide
Step 1. Find an exchange
You will need to register with an exchange if you want to buy Helium. Exchanges are platforms where you can buy and sell coins with other users. They have the most up to date prices and you can buy as many coins as your budget allows. Using an exchange like the two selections below is the easiest way to buy Helium.
- Binance: Biance is one of the best known and widely used exchanges in the world and has hundreds of coins available to buy. Its platform is easy to use and is one of the top exchanges around. Sign up with Binance >
- Kucoin: Kucoin is one of the best regarded exchanges for trading crypto. It offers competitive trading fees and has an easy to navigate interface. Kucoin also offers wallet services to keep your tokens secure. Sign up with Kucoin >
Step 2. Sign up and fund your account
Registering an account is a straightforward process and the next step you’ll need to take. You’ll be required to fill in your contact details and provide a form of identification. Once verified you’ll be able to fund your account. Most exchanges let you deposit money using fiat currency. When your account is funded, you’ll be ready to buy.
Step 3. Purchase
Head over to the search function on your brokers platform and type in Helium’s ticker symbol HNT. You will then be taken to its trading page where you can decide how many coins you want to purchase and click the buy button.
Step 4. (Optional) Get a suitable wallet
After you have bought your coins you may want to consider using a wallet to store them, although this isn’t always necessary as most platforms let you store tokens for free. However, for added security, wallets can be a good option. The two below are some of the best ones.
- Trezor. You can use a hardware wallet like Trezor to store your coins offline. It’s a small device that connects to your computer via a USB and its advanced model even comes with a touchscreen. Sign up to Trezor >
- Coinbase wallet. Coinbase is best known for its exchange platform, however it also offers a mobile wallet where you can store your tokens. You dont need to have an account with coinbase and you can download the app to your phone. Sign up to Coinbase wallet >
How to trade Helium – a step-by-step guide
Step 1. Find a broker
If you plan on trading Helium you will need to sign up to an online broker. It’s best to choose a broker that has low fees, especially if you plan on making lots of trades throughout the day. Right now, Helium isn’t available on any brokers but that may change in the future. It’s a good idea to check back with eToro or Plus500 as they may add it soon.
Step 2. Create an account and deposit money
Once you’ve found a broker you’ll need to register an account and deposit funds. All you need to do is fill in your contact information. You may be required to verify your account so it’s a good idea to keep some ID with you. Next you can deposit funds. Most brokers let you deposit using a range of methods including debit cards, credit cards, and apps like PayPal.
Step 3. Learn how to perform technical analysis
When trading lots of people like to perform technical analysis to help analyse a price chart. Technical analysis is a key tool when it comes to short term trading and it can be difficult to master. You can check out our free courses on trading if you want to learn more. One of the easiest ways to start is by identifying support and resistance levels.
Step 4. Decide whether to go long or short
When you have completed your technical analysis, you will need to decide if you want to go long (buy) or short (sell). You can use support and resistance levels to help with this. If Helium’s price is moving towards a support level, you could consider buying and if its moving to a resistance level you could consider selling.
Step 5. Make the trade
You’ll now be ready to make your trade. First you will need to open an order ticket on your brokers platform. Next you can enter how many coins you want and the price you wish to buy or sell at. You can then simply click the buy or sell button and your trade will be executed. It’s a good idea to use a stop loss to protect your trade if it goes against you.
Should I invest in Helium?
Yes, you could consider investing in Helium, although its best suited to an investor willing to take a chance on it building a network that has a global reach. Since its launch in the summer of 2019, it has already grown in size with hundreds of thousands of hotspots in operation.
Users are enticed to join the network through rewards paid in its nativive token, HNT. To earn rewards users need to own a Helium hotspot and provide WiFi coverage from their home or business location. It costs around $500 to buy a hotspot, however through providing services for the network, users can generate substantial monthly income.
Helium has a lot of advantages and is run by a team who have experience in peer to peer connectivity. It was founded by Shawn Fanning, one of the founders and developers of Napster. SInce its launch, it has raised hundreds of millions of dollars from companies such as Google. If its able to continue its growth and onboard more hotspot owners, investing in it could pay off in the future.
If you’re still not sure if you want to invest in Helium or not, you can check out the pros and cons below to help you decide. Further down this page we’ve also included answers to more questions you may have.
- Users are rewarded with HNT coins for providing hotspots while providing connectivity to nearby devices.
- Helium’s network of hotspots have a range 200 further than traditional wifi.
- As the network grows, more HNT coins will be burnt meaning they will likely rise in value.
Below we have included three common questions and answers to help you make a decision.
1. Is now a good time to buy Helium?
If you believe in the future of the project and are a long term investor, then yes, buying Helium now could be a good idea. The network already hosts tens of thousands of hotspots in thousands of cities around the world and has plans in place to continue its growth. It can be difficult to pick the bottom when buying for the long term. A good strategy is to use dollar cost averaging, whereby you buy a set number of coins each month.
For investors with a short term outlook who prefer to trade HNT, there is more to consider. Helium can be quite a volatile coin so it has its advantages for traders. Monitoring its volatility and trading volumes is a good idea, as when they’re high, you will have the best opportunity to trade. Whatever you decide to do, it’s helpful to keep up to date with the latest news which you can do by clicking on the links below.
2. What problem does Helium solve, and what are its investment prospects?
Helium is a blockchain network that provides long range connectivity to internet of things devices through decentralised hotspots globally. Users are able to buy a hot spot and are rewarded with the network’s native token, HNT if they provide WiFi connectivity in their local area.
The platform has the aim of solving two problems; first cost and second range of connectivity. Traditional wireless networks are costly to users, Helium’s introduction of blockchain technology, not only speeds up connection to the internet, but does so at a much cheaper cost.
Range of WiFi connection is often limited to a user’s location. Helium’s network of global hotspots allows for a much larger range of connectivity to the internet, up to 200 times further than satellite based WiFi. Buying Helium tokens could prove to be a prudent investment, especially if the network continues to grow at the rate it has experienced since its launch.
3. Do you want to hold Helium for the long term?
For investors looking to buy and hold Helium for the long term, then storing coins in a suitable wallet is a good option. If you prefer to focus on short term movements, then trading is a better option. Below are two final considerations to help you make your decision.
Considerations for a long term investment strategy
If you think HNT coins will rise in value over the long term, then signing up to an exchange is the best way forward. You could also consider using a wallet to store your coins. You can check out our expertly selected exchange recommendations by scrolling up.
Considerations for a short term trading strategy
If you have a short term outlook for Helium and want to capitalise on little price movements, then a broker is the best option for you. Using a platform with low fees will help reduce your costs and you can check out our recommendations here.
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