A Beginner’s Guide to Buying Harmony One Cryptocurrency in Australia
If you’re based in Australia and wish to buy Harmony One – the process is very straight. All you need to do is find a regulated exchange, deposit some funds, and decide how many ONE tokens you want to buy.
When choosing cryptocurrencies as your preferred investment market, you must conduct thorough research so that you are well informed to make the right investment choices and at the right time.
Harmony One is a renowned cryptocurrency today, popular for its remarkable contributions in decentralized finance, especially because it is based on the blockchain network. Harmony one coin stands next to Bitcoin, Bitcoin Cash, and Ethereum, among another crypto.
What’s in this guide?
This guide is intended to help anyone who wishes to venture into the crypto market, showing them how to buy, sell, and store their Harmony One tokens. The guide is thorough and simple to understand, which makes it ideal even for an investor with little to no experience or prior knowledge.
Nonetheless, if you have any little uncertainties concerning the crypto market, make a point of consulting with your financial advisor or expert in the crypto space to understand what the crypto market demands. Noteworthy, however, is the fact that this is an extremely risky, volatile, and highly unpredictable investment arena.
Where to buy Harmony One in Australia
A cryptocurrency exchange is the only place where one can buy Harmony one cryptocurrency in the whole of Australia. The country features several exchange accounts and requires that an investor chooses an account that best aligns and supports their investment needs and specifications.
List of the best Exchanges to buy Harmony (ONE) in Australia:
Looking where to buy Harmony in Australia right now? Below you will find 4 of the best brokers that allow you to buy Harmony in Australia.
- eToro - Best broker to buy Harmony (ONE) in Australia
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- Coinbase - Best exchange to buy Harmony (ONE) for beginners
- OKEx - Best broker to buy ONE in Australia for low-cost
A step-by-step guide to buying Harmony One in Australia
If you want to buy Harmony One, there are two main ways for you to do it:
Buying Harmony One with other cryptocurrencies
The first way of buying Harmony One tokens is by using other cryptocurrencies. All you need is to buy other cryptocurrencies like Bitcoin, Bitcoin Cash, or Ethereum and, after that, exchange them for Harmony One. This option is not available on all exchanges.
For example, if you want to buy Harmony One using Bitcoin, look out for the pair labelled Bitcoin/Harmony One, and this will exchange your Bitcoin with Harmony One tokens.
Buying Harmony One using fiat currencies
The other way for you to buy Harmony One is by using fiat currency and, in this case, the AUD. As mentioned earlier, before registering with an exchange, ensure that it supports AUD.
To start buying Harmony one, follow these simple steps:
Step 1: Register with an exchange
Registering with an exchange account is the first step in buying the harmony one coin. The Australian crypto market features several crypto exchange companies, and all an investor is expected to do is choose a company that aligns with their needs.
The account must support the Harmony one tokens as well as AUD. There are certain personal details that the investor will be expected to provide when opening the exchange account. Some of this information includes name, phone number, and email address. For compliance measures that govern the exchange accounts, it is also required that verification be done using a government-issued identity card, a utility bill for proof of address, and others as specified by the account.
For security reasons, make sure that you set a very strong password when setting up your account. Also, use multi-factor authentication so that your account is safe from unauthorized access.
Step 2: Fund your account
Having registered the account successfully, you have to fund it before you can finally buy the Harmony one coins. Funding is done by linking the exchange account directly to your bank account and making a direct money transfer from the bank to the exchange. Alternatively, you can fund the exchange by using a debit or credit card.
Step 3: Buy Harmony One
The next step involves purchasing the Harmony one coins and comes after funding has been done successfully. At this point, you must know that funding is using AUD or other cryptocurrencies that will be exchanged for the Harmony one tokens.
To trade other cryptocurrencies for the Harmony one tokens, choose the pairs that are matched against the Harmony one tokens. For example, to trade Bitcoin for Harmony one, select the pair that reads Bitcoin/Harmony one.
If you wish to buy the tokens using USD, select the pair that reads AUD/Harmony one.
Having effectively and efficiently select the pairs that align with your specifications, confirm your transaction and check your mail to receive notification that the transaction is under processing.
How to Sell Harmony One
When you have successfully bought your Harmony one tokens, you may want to sell them for a profit or achieve the predetermined interest. Follow the following steps to sell the Harmony one tokens.
First, sign in to the exchange account you opened earlier and navigated to the sell section. Select to specify the amount of Harmony one tokens you intend to sell or convert into cash. On the off chance that the exchange does not support exchanging Harmony one tokens for AUD, the remaining option is to trade the Harmony one coins for other cryptocurrencies like Bitcoin, Bitcoin Cash, or Ethereum.
These cryptocurrencies can later be sold for AUD and the funds withdrawn directly from the exchange account.
Which wallets can I use to hold Harmony One?
Cryptocurrencies can be held in either of the following two types of crypto wallets. First, the hot wallet, otherwise referred to as the online wallet. Hot wallets store the cryptocurrency online and for a brief duration, giving the holder a chance to retrieve them to transfer another investment easily.
The other type of wallet is the cold wallet, otherwise referred to as the offline wallet, and allows the holder to store their tokens externally on a hardware storage device like a USB drive. This type of wallet is safer and more reliable for larger amounts of coins because it is not vulnerable to hackers and other online threats.
How Harmony One works
Similar to other cryptocurrencies in the market today, Harmony one is based on the blockchain network. Harmony One bears a decentralized quality that makes it possible to buy Harmony one coins and even sell them without a broker. Financial transactions are made easier, simpler, less costly, and very brief when the tokens are decentralized.
Key things to consider if you’re thinking about buying Harmony One in Australia
Some things you should consider before buying Harmony One in Australia include:
The availability of the Harmony one tokens is one of the first considerations because high availability scores (high supply market circulation) enable easy and fast-selling or buying of the tokens.
Usability is another factor worth considering because if the Harmony one coin has more uses than being traded for money, it holds more value and is safer from market depressions. Find out whether Harmony One supports other DeFi projects as this raises its value over time.
The volatility of the Harmony one is also a key factor to look into because every cryptocurrency is very volatile. Prices constantly change, and investing in Harmony one is no different.
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Virtual currencies are highly volatile. Your capital is at risk.
Where can I buy Harmony One in Australia?
The only place for you to buy Harmony One is from a cryptocurrency exchange
Are Harmony One tokens volatile?
Harmony one tokens are extremely volatile, just like with the other cryptocurrencies, and their prices are always fluctuating.
Can I buy Harmony One with a credit card?
Certainly! A credit card is one of the options.