Helium (HNT), a cryptocurrency, powers the Helium Network. Dubbed “The People’s Network,” the Helium network is a distributed and globally available network designed for Internet of Things (IoT) devices.
HNTs, or Helium Network Tokens are utility tokens within the Helium ecosystem. These tokens can be used to reward Helium Hotspot users.
The crypto market saw the entry of Helium (HNT), tokens in 2019. As with all cryptocurrency they began slowly, but quickly climbed in price. Due to the continued mass adoption of the Helium network, HNTs continue to grow in value which clearly shows that the coin’s success is heavily dependent on the growth of the Helium network.
You can earn the coins through the operation of Helium Hotspots. You may also be able to buy the coins from any crypto exchange that lists them.
Continue reading to find out how you can purchase Helium (HNT), the places you can buy tokens and the reasons they may be the best option to invest in crypto.
Helium (HNT), What’s the Deal?
Helium (HNT), a native cryptocurrency of Helium’s network of blockchain-based networks for the Internet of Things, (IoT), is Helium. Helium was created in 2013. The Helium company is still in business. However, Helium went online in 2019. In the same year, HNT tokens hit crypto markets.
The Helium tokens (HNT), which are also known as Helium tokens, serve as incentives in the Helium ecosystem. They’re awarded to Helium Hotspot users. In case you don’t know, Helium Hotspots are physical devices used to broadcast the Helium network. They can be used to mine HNT tokens.
Helium Network Tokens are also known as HNTs. According to CoinStats there is currently 100,539.362 HNT coins.
Helium Team
Helium has a strong team of engineers and developers under the leadership of Amir Haleem (CEO and cofounder). He was previously the CTO at Diversion, a videogame startup.
Marc Nijdam, the Chief Technology Officer of Helium is a veteran technology professional who has over 25 years’ experience. He was previously a Yahoo Senior Engineer before joining Helium in 2015.
Frank Mong serves as the Chief Operating Officer of Helium. His 20-year career in the cybersecurity industry saw him hold several key roles in top companies. As a CMO for Hortonworks, he was also SVP marketing at Palo Alto Networks and Vice-GM Security at HP.
Shawn Finding is a co-founder and one of Helium’s advisors. He is an investor, angel investor, computer programmer and entrepreneur. He is also the co-founders of Path and Airtime. However, his most notable accomplishments include the creation and operation of Napster, the popular P2P filesharing platform.
Helium (HNT), Where can I buy it?
Helium can also be purchased on cryptocurrency exchanges. Some of these exchanges include
Binance
Binance was established in 2017 and supports trading, buying, and selling of over 500 cryptocurrencies. It is simple to use and secure. You will also find other appealing features and low fees.
Binance allows users to buy Helium, HNT, with their credit/debit cards, bank deposits, Binance P2P services, and other supported payment channels. Once you’ve bought your HNTs, you can choose to store them on the platform or transfer them to a supported crypto wallet.
Binance works best for crypto investors who live in Australia, Canada and Singapore. US citizens, however, have to use Binance US, however, it’s not available in all States.
KuCoin
KuCoin was founded in 2017 and is now a popular crypto exchange. It’s available for users from more than 200 countries. KuCoin, like Binance, allows you to trade, buy, or sell more than 500 cryptocurrency, including Helium, HNT, as well as other cryptocurrencies.
KuCoin is easy to use and offers great security. It also has low fees which makes it ideal for traders and crypto investors of all levels. KuCoin lets you buy Helium (HNT), using your credit/debit card or bank wire transfer.
Keep it up
Uphold, a mobile and web-based crypto exchange that was launched in 2015 in more than 180 countries around the globe is called “Uphold”. This platform supports more than 75 crypto currencies, including Helium.
Uphold, a crypto exchange with decent security and quick use is highly reliable. It is easy to use, making it ideal for beginners crypto traders and investors.
Uphold, unlike other cryptocurrency exchanges allows you to trade and buy various assets. You can trade and buy precious metals as well as stocks with Uphold. To buy Helium (HNT), you can use Uphold’s credit/debit cards or bank deposits.
Gate.io
Gate.io was founded in 2013 and is the most established crypto exchange. You will be impressed by its security features.
Gate.io is able to support the trading, buying and selling of more than 1,200 cryptocurrencies. The platform allows you to buy Helium(HNT) using a credit or bank transfer. This platform has a few drawbacks. .
Gate.io’s interface is still simple to use. Gate.io is free to use and has low fees. It can also be accessed through a mobile or desktop app. You can also access it on both Android and iOS smartphones. Please note that it’s prohibited in USA and Canada.
WazirX
WazirX (Indian crypto exchange) is the next item on our wish list. It was established in 2018 and has been around since then. Binance purchased the platform and made it accessible to all users worldwide in 2019.
WazirX’s security is excellent and it is easy to use. The sign up process for WazirX is easy. You can buy more than 120 cryptos through the platform, including Helium. In general, payment is made via UPI, bank transfer and net banking.
WazirX’s mobile accessibility is a plus. WazirX can also be downloaded to your Android, iOS or Mac device. WazirX is not available to residents of the United States.
How to buy Helium
These are the steps you need to take if you’re interested in investing on Helium (HNT).
Step #1: Choose a cryptocurrency exchange
The crypto space has plenty of crypto exchanges but not all of them list Helium (HNT). You’ll therefore need to scout for one that lists the coin. Once you do find it, consider checking its ease of use, payment methods, fees, and whether it’s available in your locality.
Binance, a well-known crypto exchange is easily accessible in almost all countries except the US. Binance US can be used by US citizens only, and this is quite a difference to Binance US which is available internationally.
Step 2: Open an account
Once you’ve settled on a good crypto exchange, the next step is to create a user account. For each crypto exchange, different types of information are required to create a user account. However, almost all exchanges will need some personal information including your name, address, telephone number and email.
Some exchanges, on the other hand, will require your social security number and form of identification like your driver’s license, passport, or government-issued ID. Other exchanges may require that you use a smartphone or webcam to authenticate yourself while creating an account. It doesn’t matter what, make sure you meet these requirements.
Step 3: Deposit the funds
You can choose from either a crypto to-crypto or fiat crypto-exchange when you buy Helium (HNT).
You will have to purchase Helium (HNT), crypto via a crypto to crypto exchange. A fiat-tocrypto exchange lets you buy Helium (HNT), crypto with fiat money.
You can buy crypto via bank deposits, credit or debit cards on most fiat-tocrypto-exchanges. To do this, you’ll have to deposit some funds to your bank account before you can buy Helium crypto from such exchanges. If you’re using crypto-tocrypto exchanges, first buy crypto on a fiat exchange. Then use the crypto to purchase Helium (HNT).
Step #4: Buy Helium (HNT) Crypto
Log in to your crypto account if you’re using fiat-tocrypto.
Bank deposit is your preferred mode of payment. Select the amount you would like to buy of Helium (HNT).
You can as well consider checking the performance of your existing crypto portfolio using CoinStat’s crypto portfolio tracker. This tracker helps you monitor Helium’s (HNT) current price so you can know the best time to buy.
Step #5: Receive or transfer the purchased Helium (HNT), crypto, to a bank account
After you’ve bought your Helium coins, you can either choose to store them on the exchange or transfer them to a private crypto wallet. For greater control of their crypto funds, most people prefer to store their coins on the exchange or transfer them to private wallets. This is because private wallets offer greater security than public wallets.
You can shop around for a crypto wallet if you don’t already have one. You can either download free software wallets from the internet or spend money to buy a physical wallet. What is the difference? The difference between them? For example, the Helium wallet app is an excellent software wallet for storing Helium (HNT), coins, while the Ledger wallet, a fantastic hardware wallet, is available.
In all cases, the best wallet can hold Helium coins. It also suits your investment requirements.
Why buy Helium (HNT).
You have many options to buy Helium (HNT), cryptocurrency.
Helium, a cryptocurrency which has been steadily rising since its first appearance in the crypto markets, is one of them. At $0.50, the coin first entered the cryptocurrency market and rose quickly to $2.00 in two months. The price dropped to $1.25 in the next month, and it is now trading around $20. It was at its highest point of $40 earlier this season. While it might look like a negative run, understand that Helium’s price is slowly starting to pick up. And to be frank, Helium’s current price makes it a great entry point in the crypto market for bargain hunters who might be put off from other expensive top-performing cryptocurrencies.
Secondly, Helium’s strategic partnerships are helping with tokens price appreciation. Helium has partnered with Actility, DISH network and Senet for mass adoption in 2021. San Jose, California became the first official member of the Helium network in 2021 and can now provide Internet access for residents with low incomes.
In 2022, Helium strategically partnered with Canadian LoraWan provider X-TELIA to unlock coverage across the country. With these moves, the Helium network is growing its user base exponentially, which can help with its cryptocurrency’s price movements. Many people use the network already.
Helium Mining
The only way to earn crypto coins is by buying Helium. The coins can be earned by mining or building coverage on the Helium network with Helium Hotspots.
Helium Hotspots can be used to broadcast and mine on the Helium network. These devices can be purchased from third-parties. Once you buy the device and it’s up and running, you can participate in the Helium network.
Hotspots are eligible to earn Helium by providing valid proof or coverage challenges and witnessing proof. They can also transfer device data via the Helium network.
Helium uses Proof of Coverage to prove that hotspots within the network are actually where they say to be. It also verifies that Hotspots represent the wireless coverage generated by Hotspots at their locations.
Closing Thoughts
HNT (Helium) is a cryptocurrency coin that’s backed by an open-source distributed network. This network aims at improving the communications capabilities of IoT devices.
The Helium network was a relatively unknown network in 2019. It has grown rapidly to become a worldwide brand by 2022. For a network that once only had 7K Hotspots and now boasts over 470,000 Hotspots globally, this growth is quite impressive and there are no signs that it is stopping any time soon.
Market performance continues to be driven by the phenomenal growth of Helium’s network. The network’s continued adoption across the globe will ensure that the coin experiences positive price movements.
Helium is a fantastic cryptocurrency that’s worth your investment.