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How to Buy Holochain in 2020: Buy, Sell & Trade

As its developers are keen to point out, Holochain is not blockchain. Read on to find out about this ‘agent-centric’ framework and learn how to buy HoloToken (HOT) and HoloFuel (HF), its native currency.

Where to buy Holochain

Read on to find out about Holochain and how it works or jump ahead to our step-by-step buyers guide if you’re ready to start investing. 

Coinmama
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
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Liquidity Accepted in over 200 countries
Min Deposit
€60
Russian Federation
Key Features
Safe & Secure cryptocurrency exchange
Easy Intuitive interface
Impressive limits
Liquidity Accepted in over 200 countries
Top Coins
  • Bitcoin
Payment Methods
Debit Card
Coinmama is a bitcoin broker based in Israel. They specialize in selling bitcoins for credit card to nearly anyone in the world.
Binance
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Min Deposit
€1
Russian Federation
Key Features
Huge range of cryptocurrencies
Highly liquid
2 Factor Authentication
Top Coins
  • Bitcoin
Payment Methods
Cryptocurrencies
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
eToro
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Access the world’s most popular Crypto assets including Bitcoin
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Deposit using PayPal + 9 other deposit options
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€200
Russian Federation
Key Features
Access the world’s most popular Crypto assets including Bitcoin
Automatically copy the trades of top Crypto traders
Deposit using PayPal + 9 other deposit options
Top Coins
  • Stellar
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Credit Card, Debit Card, Wire Transfer, PayPal, Skrill, Neteller, Yandex, WebMoney, UnionPay, MoneyGram
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, Crypto, ETF’s, indices and commodities. 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.
eToro is a multi-asset platform which offers CFD and non CFD products. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Bitpanda
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Fully automated platform with instant transactions
A wide variety of payment options
Good for beginners
Min Deposit
€1
Russian Federation
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Fully automated platform with instant transactions
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Good for beginners
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Payment Methods
Visa, Mastercard, Neteller, Skrill, Sofort, Giropay, EPS, Credit Card
BitPanda is a Bitcoin broker based in Austria. It offers a wide range of payment methods and has good prices.
Coinbase
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Min Deposit
€2
Russian Federation
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Top Coins
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

What is Holochain?

Holochain is an attempt to break from the standard blockchain model to create a network that is more scalable and customisable. It dispenses with centralised servers, ledgers and middlemen to deliver a distributed ‘post-blockchain’ framework and, in theory, complete user control. 

How does Holochain work?

Holochain differs from blockchain in that it is agent-centric. This means that all agents (or nodes) in the network run their own individual blockchain and a cryptographic key connecting them to the public chain. 

Unlike a conventional blockchain, nodes don’t connect to a distributed ledger and reach a universal consensus. Instead, Holochain is composed of individual source chains that are synchronised only when necessary and validated via distributed hash tables.

Holochain’s distributed hash table (DHT) architecture is an innovative attempt to create a platform that beats conventional blockchain technology when it comes to scalability and performance. Consequently, Holochain promises a superior dApp (distributed application) development ecosystem. 

HoloFuel (HF) is the platform’s native currency, while the original placeholder token is HoloToken (HOT). Only HOT can be bought, and later switched for HF.

How to buy Holochain online – step-by-step guide

Step 1. Get a suitable wallet

There are loads of HOT-compatible wallets to choose from, so we’ve listed our top three to narrow down your search: 

  • Ledger Nano X: One of the safest options for storing your HOT is the Nano X hardware wallet from Ledger. It’s not the cheapest wallet out there, but if you’re serious about security, it’s one of the best. 
  • MyEtherWallet: If you’re not looking to spend money on a wallet, web-based MyEtherWallet (MEW) is a great option. 

Step 2. Find a Holochain exchange

The next step to securing those Holochain funds is to find an exchange. There are plenty to choose from, so to narrow your search and save you some time, we’ve picked out a couple of our favourite places to buy Holochain tokens: 

  • Coinswitch: Coinswitch is essentially an exchange marketplace that compares rates then allows you to buy without signing up to the multiple accounts.  Simply go to the website, find HOT in the dropdown and away you go. You’ll probably need a popular crypto like BTC or ETH if you want to buy HOT.
  • Binance: We also recommend Binance, the world’s biggest crypto exchange. But, while it offers a huge crypto marketplace with competitive fees, you won’t be able to buy using Fiat currency, so you’ll have to acquire Bitcoin or Ethereum in order to exchange it for HOT.

Step 3. Withdraw your Holochain

It’s a good idea to withdraw your Holochain funds from the exchange as soon as you’ve acquired them – it’s much safer to keep cryptocurrencies in a digital wallet than on an exchange.

How to trade Holochain – step-by-step guide

If you’re only interested in trading rather than buying and owning HOT, then there’s no need to set up a wallet as you’ll simply be predicting whether the price of HOT will go up or down. 

Step 1. Find a broker 

In our experience you may struggle to find a trading platform that offers HOT, but that situation may change. Plus500 and eToro are two of the most popular crypto trading platforms, so make sure you check them out. 

Step 2. Deposit money

Once you’ve chosen a broker, you’ll need to put some cash down as a deposit. The process is fairly straightforward and minimum deposit requirements are usually pretty low, so you can start with a relatively small bankroll.

Step 3. Decide how you’d like to trade

There are two main ways to trade cryptocurrencies: spread betting or CFDs (contracts for difference). While there are some differences, both methods require you to take a position on whether you think the price of your chosen cryptocurrency will rise or fall over a set period of time. If you’re just starting out, it might be worth doing some research on spreads and CFDs before you jump in. 

Step 4. Start trading 

Once you’ve put down a deposit, you’ll no doubt be raring to go, but we recommend you set up a demo account with your broker before you start trading for real. It’s easy to win and lose money very quickly when trading, so it makes sense to get a feel for the platform you’ve chosen as well as the ebb and flow of the cryptocurrency market.

In essence, all you need to do is take a position on whether the price of your cryptocurrency will increase or decrease. If you think it will increase take a long position (buy) and if you think it will decrease, take a short position (sell).

You may opt to take advantage of leveraged betting, which is a feature of most trading platforms. Leverage enables you to put down a fraction of your trade’s total value as a type of deposit called a ‘margin’. However, this is a high-risk strategy, so it’s probably not for beginners. Experienced traders understand this, and use stop loss orders to mitigate risk. 

Still undecided?

Pros
  • Agent-centric framework sets Holochain apart from conventional blockchains
  • Holochain’s vision of internet 3.0 is safer and more stable than anything that currently exists
  • Holochain’s vision of internet 3.0 is safer and more stable than anything that currently exists
Cons
  • Competing with numerous blockchains that claim to solve scalability issues and offer a dApp dev platform
  • Looks like a risky investment at this stage
By Harry Atkins
Harry joined us in 2019 to lead our Editorial Team. Drawing on more than a decade writing, editing and managing high-profile content for blue chip companies, Harry’s considerable experience in the finance sector encompasses work for high street and investment banks, insurance companies and trading platforms.

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