How to buy Harmony One in the UK

A Beginner’s Guide to Buying Harmony One Cryptocurrency in the UK

Last Updated July 23rd 2021
5 Min Read

If you’re based in the UK 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.

One of the best investment vehicles in the world today is cryptocurrencies. The crypto market has attracted the interest of many people, despite its characteristic volatility. The strong trend witnessed lately in the crypto space has increased the interest of investors in this risky market, with most of them looking to diversify and multiply their investment portfolios and returns, respectively. 

Different kinds of cryptocurrencies are available for investment today, and Harmony One is one of the best examples. Harmony One is an altcoin that crypto enthusiasts can invest in to diversify their investment portfolios and would certainly change from the traditional Bitcoin and Ethereum coins. 

The following guide will equip you with the necessary knowledge and skills to help you buy the Harmony One tokens in the UK. The guide also provides important considerations to inform your decision-making and shows you how to sell the tokens. Nonetheless, it is advisable to make a thorough consultation with a crypto expert before diving into this market despite the information below.

What's in this guide?

  1. QUICK GUIDE: HOW TO BUY HARMONY ONE IN THE UK
  2. A step-by-step guide to buying Harmony One in the UK
  3. How to sell Harmony One
  4. Which wallets can I use to hold Harmony One coins?
  5. How Harmony One works
  6. Key things to consider before buying Harmony One in the UK
  7. Conclusion

QUICK GUIDE: HOW TO BUY HARMONY ONE IN THE UK

  1. Open an account with a cryptocurrency exchange in the UK
  2. Verify your account
  3. Go to the deposit section
  4. Go to the platform and select Harmony One
  5. Enter how many Harmony One tokens you want to buy
  6. Confirm your purchase

A step-by-step guide to buying Harmony One in the UK 

Follow the following step-by-step guide when you are ready to start buying Harmony One coins in the UK: 

Step 1: Open an account 

Step one in buying Harmony one coins is to open a cryptocurrency exchange account. Many kinds of exchange accounts are available in the Australian market, giving users different ways to buy cryptocurrencies. Before you settle on one exchange account, find out whether that account can support Harmony One coins. 

The process of opening an account is not only easy but also brief, always requiring a few personal details like your name, phone number, email address, and proof of address. Moreover, you also have to verify your identity using a government-issued identity card and utility bill for proof of address. 

In setting up the security of the exchange account, a private multi-factor authentication process has to be completed, which will enhance the security of your account by making it impossible for other people to access the account without your permission. 

Step 2: fund the account 

After opening the exchange account, you have to fund it before serving or facilitating your transaction. Funding the account is through a credit or debit card or a direct transfer from the bank into the exchange account. However, certain exchange accounts do not allow you to buy Harmony One tokens using GBP directly. In such a situation, you have the option of exchanging the Harmony one tokens for other cryptocurrencies like Bitcoin or Ethereum

Step 3: Buy Harmony One 

The actual purchase is the third step of this process and is also a simple process. To buy Harmony One coins, go to the buy section of the exchange account, specify the amount you intended to spend, and confirm the transaction. Next, check your email address, where you will receive a not notification for starting the transaction. 

Two kinds of orders can be used in buying the Harmony One tokens. The first type of order is the market order, where you buy the tokens at the prices prevailing in the market at that particular time. The second option is the limit order, where you buy the tokens at your specified bare minimum. 

Step 4: Store your Harmony One coins in a crypto wallet 

Having bought your Harmony One coins, you have to store them to be safe and secure against unauthorized attacks. Crypto wallet are the safest storage point for Harmony one coins, with an option to choose between hot and cold crypto wallets.

Hot wallets will let you store the Harmony One coins online for a brief duration before you can trade them again. On the other hand, Cold crypto wallets only store the tokens offline in hardware devices like a USB drive. Cold wallets are characteristically safer and ideal for long storage periods or holding large amounts safely. 

How to sell Harmony One 

After buying and storing your Harmony one tokens, you may wish to sell them. To do this, go to the sell section of the exchange account and specify the number of coins you want to sell. Next, confirm your details and give the transaction a short while for processing. 

Harmony one coins can either be sold for GBO or by exchanging with other cryptocurrencies of your choosing. For the latter, select a pair that matches your intended exchange. 

Which wallets can I use to hold Harmony One coins?

You can use either cold or hot wallets for storing your harmony one coins. Hot wallets are normally found within the exchange account, giving the holder a chance to store their tokens online. Online storage makes it easier for them to access and retrieve their tokens for transaction purposes at any time. On the other hand, Cold wallets are external, using hardware devices like a USB drive to offline tokens. Cold wallets keep the investment safe from attacks by hackers. 

How Harmony One works 

Harmony One works like all the other cryptocurrencies. The token is based on a decentralized system, ensuring no intermediaries are involved in buying and selling the tokens. Investors of these tokens buy when prices are low and sell when prices are high to earn returns. 

Key things to consider before buying Harmony One in the UK  

Some things you need to consider before buying Harmony One include:

Volatility 

Harmony one tokens, like any other cryptocurrency, is highly volatile. It would help if you determined whether you can manage the high risk of investing in this market. 

Usability 

Be sure to check whether Harmony One has other uses other than being traded for money. A token that serves many other uses apart from trading for money will always be price-protected from market changes and value-related fluctuations. 

Performance 

One of the things you need to assess is the performance of the Harmony one tokens. Check how Harmony One tokens have been doing over the past few months as a means to informing your decision-making process and investment decision. 

Conclusion 

Harmony one stands among the most popular altcoins and has increasingly become very popular in the market. The popularity of the Harmony one coins is because it has managed to maintain a particular price threshold.

This article provides a reliable guide for buying and selling the Harmony one coin and points out some of the important things to consider before buying the cryptocurrency in the UK. Investors are, however, advised to consult with an expert before investing.

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