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How to Buy Helium in the USA

A Beginner’s Guide to Buying and Selling Helium Cryptocurrency in the USA

Last Updated July 23rd 2021
5 Min Read

If you’re based in the USA 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.

Helium stands among the most popular cryptocurrencies, having gained popularity globally and in the US. Investors in the country are always looking for ways to invest in this token and short their investments to earn quick returns. 

The following is a detailed and well-researched guide structured to ensure that you will have all the information you need to start investing in HNT tokens. The guide is very comprehensive to ensure that even a beginner can understand most of the processes involved. 

On the off chance that you are new to crypto, it would really help if you were to tread carefully when making investments because this market is highly unpredictable, and a sudden price movement can cause you huge losses. 

What's in This Guide?

  1. QUICK GUIDE: HOW TO BUY HELIUM IN THE USA
  2. A Step-by-step Guide to Buying Helium in the USA
  3. Store in a Crypto Wallet
  4. How to Sell Helium
  5. Things to Consider When Buying Helium in the USA
  6. Conclusion 

QUICK GUIDE: HOW TO BUY HELIUM IN THE USA

  1. Open an account with a cryptocurrency exchange
  2. Verify your account
  3. Go to the deposit section
  4. Go to the platform and select Helium
  5. Enter how many Helium tokens you want to buy
  6. Check the details and confirm your purchase

A Step-by-step Guide to Buying Helium in the USA

Follow the following steps to buy HNT in the US. 

Step 1: Open an exchange account 

The first step in buying HNT is opening an online account through an internet broker so that you can begin trading the tokens. Since its launching in 2013, the crypto market has witnessed an increased number of exchanges in the US facilitating the buying and selling of HNT tokens. Opening an account is done on your preferred exchange hotsite. Noteworthy is that you have to verify that your chosen means of payment is acceptable before signing up.

Step 2: Fund the account 

The second step is to fund the exchange account with the money you would like to spend. There are two ways you can do this. First, you can link your credit card, debit card, or bank account to the exchange and then buy your chosen tokens. However, this option is only available on selected exchanges. 

The second way of funding your account is by using other cryptocurrencies to later change for HNT tokens. This option favours people who are already familiar with the crypto market and had bought tokens previously. To buy the tokens using this method, select the pair you would like to exchange, such as BTC/HNT or ETH/HNT. 

Step 3: Making your purchase

Making your purchase is the third and final step in buying the HNT. Internet brokers have ensured that conducting online transactions is not only easy but also fast. The third step involves buying the tokens. 

There are two types of orders you can place to make the purchase. The market order will allow you to buy at the ongoing prices, while a limit order will allow you to buy when the prices are lower. Whilst a market order is settled instantly, a limit order will only be fulfilled when the prices reach your preferred buy price. 

Store in a Crypto Wallet 

Having bought your Helium, you have to store them in a crypto wallet. One of the crypto wallets you can use is a hot wallet. Hot wallet runs over the cloud and is accessible to the owner for as long as they use a digital device like laptops or tablets. 

On the other hand, a cold wallet is an application tailor-made to be installed and operated on the smartphone. In operating the cold wallet, the user reserves the right to manage their digital assets. They can also trade their cryptocurrencies while on the move straight from the cold device. Most exchanges will provide you with a cold wallet. 

The safest type is a Hardware wallet. A hardware wallet is a physical device that wallet holders can use in storing their keys. The distinguishing factor for this type of wallet is that it can be operated even without internet connectivity. Hardware wallets are also called wallets because they store your crypto offline, away from any malicious stealing attempts on the internet. 

How to Sell Helium

To sell the HNT tokens you are holding, you first need to sign in to the exchange account. Remove tokens from your wallet and deposit them to the exchange. Later, you can choose the way you want to sell the HNT tokens. Either you can sell them for fiat currency or sell them in exchange for other cryptocurrencies. 

To trade tokens for other cryptocurrencies, you can choose the most popular and accepted cryptocurrencies, Bitcoin and Ethereum, as they make it easy for you to access your tokens. The ease of access is because of the high volume and liquidity capacity of the two cryptocurrencies. 

Once your transaction has been approved, it will become very easy for you to withdraw your funds from the exchange. As the purchase process, the sale will only take a few minutes before the transaction is approved. 

Things to Consider When Buying Helium in the USA

Some things you need to consider when buying Helium include: 

Availability 

The first thing you should consider is the availability of the tokens. When Helium is highly available, it will ensure that you can easily buy and sell the tokens. The number of tokens in circulation measures availability. 

Risky nature 

HNT is a highly volatile token, just like the other cryptocurrencies. Before you invest, you need to note this and ensure that you are prepared for any eventualities caused by price fluctuations. 

Performance  

The other thing you need to look at is the performance of the tokens. It is always advisable to go for the token that has been performing well in recent months. Such tokens will demonstrate a slightly stable price trend. 

Conclusion 

Heliums are a very good investment for fundamentalists, especially those enthusiastic about investments that hold significant profit. The cryptocurrency can be sold and sold in exchange for other cryptocurrencies. After making your purchase, it is recommended to store the tokens in a wallet of your choosing. 

Wallets are the preferred place to store the tokens for safekeeping, which is why both the private and public keys should not be shared with anyone else. If you do enough research and effectively study the market, your chances of making a big score with HNT are high. Nonetheless, it is important to follow the said steps and perform due diligence regarding the internet broker negotiating your transaction. 

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