How to Buy Harmony One in the USA

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

Last Updated July 23rd 2021
5 Min Read

If you’re based in the USA 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.

Harmony One coin is one of the altcoins that have since entered the crypto market. Since there are many other cryptocurrencies in the market, you are much better placed with a more diversified investment portfolio because of the level of risk reduction achieved. One of the cryptocurrencies to consider is the Harmony One coin, an altcoin that will be a key-value addition to your investment portfolio.  

Harmony One coin has increasingly grown in popularity over the years. Below is an informative guide to help you through the whole process of buying Harmony One tokens. The guide goes a step further to provide important information that will certainly be of use to you when you finally invest in these tokens. 

On the off chance that you are a new entrant into the crypto market, you should consult with someone that has been in the industry professionally for long enough because the crypto space has many risks, and losing your investment is very easy. The consultation is crucial in determining entry times and the best ways through which losses can be minimized. 

What's in this guide?

  1. QUICK GUIDE: HOW TO BUY HARMONY ONE IN THE USA
  2. A step-by-step guide to buying Harmony One in the USA
  3. Store in a crypto wallet
  4. How to sell Harmony One coins
  5. Things to consider when buying Harmony One Coins in the US
  6. Conclusion

QUICK GUIDE: HOW TO BUY HARMONY ONE IN THE USA

  1. Open an account with an exchange
  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. Check the details and confirm your purchase

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

The following guide will help you through the process of buying Harmony One coins in the US:

Step 1: Open an online account

Registering for your exchange account forms the first step in buying Harmony One coins. While the United States features many cryptocurrency exchange accounts, not all of them support the Harmony One coins.

It, therefore, becomes crucial that you conduct good research to ensure that you can effectively and efficiently transact once you are registered. Another essential consideration is the amount of broker fees charged for individual transactions. In this regard, always choose an account whose fees you can manage.

It is also worth noting that you choose an exchange account that can support several cryptocurrencies, an attribute that makes the process a lot easier. 

The process of registering process is brief and very simple and does not require any technical training or expertise. Some of the information required of you includes your name, contact number, and email. The email will serve as the site where you will verify your identity in the end. 

Step 2: Fund your account 

Having registered your account successfully, the next thing you have to do is add funds to your exchange account. Funding the account involves depositing USD into the account through a direct bank transfer or using your credit card.

However, some accounts do not support this approach to funding the exchange account and demand that you trade in cryptocurrencies. This means that you can get the Harmony One coins by trading them with Bitcoin, Ethereum, or any other cryptocurrency in your possession. In the latter approach, a processing fee is charged on the funding account and is often a specified percentage of your deposit. 

Step 3: Buying Harmony One coins

Buying the Harmony One tokens is the third step, requiring that you go to the sell section of the exchange account and specify the amount of Harmony One tokens you wish to purchase. You will then confirm the transaction and check to find a notification email in the email address you provided during the registration process. 

Two different types of orders are also involved in buying the Harmony One tokens in the US. First, there is the limit order, where you can only purchase the coins at a certain price. The limit order requires that you specify the lowest price at which you wish to buy the tokens.

You will then give time for the value of the coin to depreciate, and once it has reached that price, the transaction is completed automatically. The second type is the market order, involving buying the tokens at the prices prevailing in the market at that particular time. The order is completed once the confirmation is done. 

Store your Harmony One coins in a crypto wallet

When you have finally bought the Harmony one coins, you have to put them in a crypto wallet for safekeeping. There are two different types of crypto wallets. The first one is the cold wallet that stores your tokens offline in a hardware device like a USB drive. The other is the hot wallet, known to store the tokens online and allows for easy retrieval at any time. 

How to sell Harmony One coins

After you have bought and stored the Harmony One coins, you can sell them at your convenience through the exchange account. To do this, go to the sell section of the exchange account and define the number of tokens you wish to sell. Lastly, confirm the personal details you provided and give the transaction a few seconds for processing. 

Regarding selling, you can dispose of the Harmony One coins and get USD in return and withdraw your funds directly from the exchange.

Things to consider when buying Harmony One coins in the US

Among the critical considerations before buying Harmony One token include the following:-

The risky nature of the token

While risk is unavoidable in the crypto market, it is important to consider the volatility of the specific coin you intend to buy. First, establish whether you can handle the situation in case of any eventuality. 

Performance

The coin's performance is also important and involves looking at the score graph of the coin over the past few months. This will give you an idea of what the coin can achieve in either direction. 

Availability 

The availability of coins should also be considered before buying. Highly available coins translate into easy buying and selling, which is a desirable quality. Coins that are rare or scarce will always give you a hard time when you want to dispose of them or acquire more. 

Application or usability

The range of applications that a coin has is another important consideration, especially because it is a determinant of the coin's value. Coins with many uses, in the sense that they can facilitate more transactions, hold more value. Such coins are also safe if the market takes a downturn because their values can be shifted to another profitable course. 

Conclusion

Harmony one tokens are an important cryptocurrency in the market today and can be easily bought and sold. Like any other coin in the crypto market, these tokens are subject to certain risks and considerations. For this reason, it is imperative to perform thorough research and seek professional counsel before investing in Harmony One.

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