A Beginner’s Guide to Buying and Selling Helium Cryptocurrency in Australia
If you’re based in Australia and wish to buy Helium – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many Helium tokens you want to buy.
Right from when the year started, the amazing performance of the crypto market has increased the interest of investors in cryptocurrencies such as Helium. These are alternative tokens to buy in the crypto market if you do not want to trade with the most common ones, such as Bitcoin and Ethereum.
Supposing you are afraid of the risks associated with cryptocurrencies, you need to be cautious when investing in this market because you can end up losing most of the funds you invested. Nonetheless, when the market forces favour you, finding this space very lucrative with great returns is possible.
What’s in This Guide?
The following guide will lead you through all the steps involved in buying Helium in Australia. While the token may not be as popular as other cryptocurrencies in the industry today, Helium still has growing popularity within the crypto community.
In as much as this guide appears to be detailed enough for you to learn how to buy Helium in Australia, it is paramount that you first consult with a financial professional if you want to invest your savings in crypto. You can also follow some established crypto traders on Twitter to gain trading insights.
Where to Buy Helium in Australia
You can only buy Helium from a licensed and regulated crypto exchange in Australia. There are several crypto exchanges in Australia, and all you need is to select the one you think would be best suited to your needs. The most important factor to consider is whether the exchange supports Helium tokens.
List of the best Exchanges to buy Helium (HNT) in Australia:
Looking where to buy Helium in Australia right now? Below you will find 4 of the best brokers that allow you to buy Helium in Australia.
- eToro - Best broker to buy Helium (HNT) in Australia
- Binance - Best exchange to buy Helium in Australia for asset diversity
- Coinbase - Best exchange to buy Helium (HNT) for beginners
- OKEx - Best broker to buy HNT in Australia for low-cost
A Step-by-step Guide to Buying Helium in Australia
There are two options you can select from when buying Helium in Australia. Either you can buy the tokens using other cryptocurrencies, or you can use fiat currency.
Buying with other cryptocurrencies
To purchase Helium with other cryptocurrencies, you need first to buy other popular cryptocurrencies such as Bitcoin or Ethereum. Once you have these in your exchange account, you can change them for Helium tokens by selecting pairs listed as BTC/HNT or ETH/HNT.
Buying with fiat currency
To buy Helium tokens using fiat currency is the easiest and most straightforward option. All you need is to deposit a specific sum of AUD to the exchange and choose a pair listed as AUD/HNT.
Follow these simple steps when buying Helium in Australia.
Step 1: Register with an exchange
The first step is for you to register your details at an exchange account. All you need is your name, telephone number, email address, and physical address. Afterwards, you will have to verify those details by uploading supporting documents to the exchange.
Setting up your account is an easy process that will take minutes, although you may have to wait longer for the account to be verified. Of importance to note is that you need to secure your account using a multi-factor authentication process because this will prevent impersonators from attempting to steal funds and tokens from your account.
Step 2: Fund your account
The third step is for you to fund the account. You can deposit AUD to the exchange by using a credit card, or debit card, or you can directly link your bank account to the exchange. Once your account has the funds you want, you can exchange these for Helium.
As mentioned earlier, you cannot only buy Helium with AUD, but you can also use other cryptocurrencies. In this case, all you need to fund the account are the other cryptocurrencies you can exchange for Helium.
Step 3: Buy Helium
Once your account has the required funds, the next step is for you to buy Helium tokens now. To do this, go to the purchase side of the exchange, and enter the amount of AUD or other cryptocurrencies that you would like to exchange for Helium. Confirm your transactions, and you will later receive a notification in your email detailing your transaction. The number of Helium tokens you have purchased will later be displayed on the exchange account.
How to Sell Helium
If you want to sell Helium tokens, you can repeat the same process as the one for buying the tokens, only that this time you will do so from the sell side of the exchange. Go to this section, enter the amount of Helium you want to sell, and confirm your details.
You can either sell Helium directly with AUD, after which you can withdraw it from the exchange, or sell Helium for other cryptocurrencies.
Which Wallets Can I Use to Hold Helium?
After buying the Helium tokens, you need to find a way to keep these tokens safe from online interference. There are two types of wallets you can choose from; mobile wallets and hardware wallets.
Mobile wallets are hot wallets that will allow you to easily transfer tokens to the exchange whenever you want to sell. Hardware wallets are cold wallets that will store your tokens offline and hold for a long time.
How does Helium Work?
Helium works the same as other cryptocurrencies. The tokens help in powering decentralized technology that makes transactions superior to those on centralized financial platforms. These tokens help create anonymity in financial processes, and they make transactions faster, cheaper and faster.
Key Things to Consider if You’re Thinking About Buying Helium in Australia
Some things you need to consider before buying Helium in Australia include:
Cryptocurrencies are very volatile, with their prices shifting very often in the market. This makes investing here very risky. It would be best if you considered this high level of risk before buying Helium.
Availability entails the amount of tokens are available for buying and selling. High circulation of a token is important because it ensures high liquidity that will allow you to buy and sell easily.
The performance of a token is also the other thing you should consider. You can check performance by looking at the price history of that token.
eToro – Best Platform to Buy Cryptos in Australia
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Virtual currencies are highly volatile. Your capital is at risk.
Where can I buy Helium tokens?
You can only buy Helium tokens from a crypto exchange platform.
Can I buy Helium using a credit card?
Yes, you can buy Helium using a credit card that you can link to the exchange. However, only selected exchanges offer this option.
Are cryptocurrencies risky?
Cryptocurrencies are highly volatile, which means there is a high risk of investing in this market.