Helium is among the most distinctive crypto networks, offering a monetary medium or a site for dApp developers, like other initiatives in this field do, and offering new things to the table: the concept for a decentralised wireless network. The currency is getting a lot of attention since it has such an intriguing use case. How to Buy Helium Crypto?? What should you consider before doing so? Keep reading to find out.
What is Helium Currency?
The Helium public blockchain is an open-source cryptocurrency designed to encourage the development of a physical, decentralised wireless network. Helium is paying users in cryptocurrencies to operate LoRaWAN hotspots rather than creating the social network themselves.
While Helium is certainly not for safe investors, it could provide high returns in the long run if the cryptocurrency market value continues to rise. The demand for a decentralised IoT wireless network is projected to grow as technology and people become more connected.
Helium may or may not be able to sustain itself in the long run, but its first-mover advantage and blue-chip support from a16z and Alameda are encouraging signs.
Buying Helium Crypto Online
Companies that utilise a substantial number of internet use equipment all across the world will find the Helium network appealing. Helium has already signed a number of significant collaborations, ranging from Lime scooters to Salesforce.com Inc.
Helium is driven by the Helium Network Token (HNT), a cryptocurrency representing network demand. HNT will most likely rise in value as adoption expands and the network gets more strong.
What is HNT?
HNT is the only currency that may be used to engage with the protocol. You can always be sure that the market for the coin will follow the demand for the network, whether you want to utilise it or just invest in it.
While the Helium Network Token’s name may make you think it’s built on another blockchain, this is a mistake. HNT is a coin by definition because it is the indigenous asset of its own blockchain. HNT is a non-pre-mined coin with a supply limit of 223,000 units. As of January 2022, 1 HNT converts to 20.23 Euro.
What To Consider Before Buying HNT?
HNT seems to have a maximum supply of 223 million tokens, according to its site. HNT coins were initially mined at a rate of 5 million a month, with the amount halving every two years. The monthly net HNT production was reduced in August 2021 to 2.5 million HNT coins.
By offering wireless coverage to the Internet of Things (IoT) devices like scooters and pet trackers, you may earn HNT coins.
This is because you will be a Hotspot host. According to the Helium webpage, the maximum energy cost of operating a Hotspot for a year in a huge city is roughly 5 Euros, about as much as a Starbucks coffee. The Hotspot takes roughly 10 minutes to set up.
Helium tokens are now unavailable for staking. On the other hand, Helium announced last year that staking would be implemented for validators.
The only way to send data through the Helium network is to pay with Data Credits. HNT can be used to acquire Data Credits, which will disable HNT from circulation. Data Credits have a fixed price of US$0.00001 and are non-transferable that can only be used by the actual owner.
How To Buy Helium Crypto?
Find A Crypto Exchange That Suits You
A cryptocurrency exchange is the most convenient way to purchase Helium. When you compare the options, you’ll be able to select one that has the qualities you want, such as affordable costs, convenience of use, and 24-hour customer service.
Fees, security, and payment methods vary among cryptocurrency exchanges, so you’ll need to do some research to figure out which is the best fit for you. You don’t need a wide selection of features as a beginning, and you may always change them later.
Set Up An Account On The Exchange
Look for the “New User” or “Create an Account” options on any exchange website to open a new account. This will lead you to the account registration page, in which you can fill out your personal information, beginning with your name, contact information, and email address.
You must validate your email account and identity in order to set up an account on an exchange. Make sure you have some uploaded versions of your photo ID and your mobile phone with you.
Buy HNT Crypto Coins
After you’ve been authenticated, you can spend £ using any payment method you like — credit cards, Neteller, sofort, and skrill are all frequently supported.
Establish your account using a bank transfer, credit or debit cards, or bitcoin from a crypto wallet to buy Helium. The equivalent of the amount deposited will appear as HNT coins in your wallet. As of January 2022, 1 HNT converts to 20.23 Euro.
Your HNT Wallet is now ready!
After you’ve completed your Helium purchase, you’ll need to pick the best wallet to keep your HNT. You can now transfer, withdraw, or exchange your Helium using your personal wallet if you wish.
Helium Hotspots
Helium now permits a limited number of third-party organisations to produce and sell hotspots. If you want to make it, your own area and placement are crucial, especially if you’re only going to be using the antenna that comes with it because it’s not very powerful.
You may also see how many ‘live’ hotspots there are around you in the United Kingdom and Immediate Profit is one the best platforms to trade all the types of digital currencies.
A hotspot with no adjacent hotspots can earn between 1 and 5 HNT per month. A hotspot can witness 1-4 other spots in its immediate vicinity earning 10-20 HNT every month or more. I’ve also seen some that are far higher.
Earnings per Hotspot have decreased on average however this has been offset by the cost of HNT rising.
It’s a smart idea to buy crypto, looking at the demand today. Helium is a great option as well, owing to its expandable nature. We hope this article on How to Buy Helium Crypto? Was helpful!