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So you’ve been swept up in the buzz surrounding Helium (HNT) cryptocurrency and have finally made up your mind to wade into the thrilling yet unpredictable ocean of digital currency. If that’s the case, then you’ve come to the right place.
The following guide aims to illuminate the path towards a secure purchase of HNT crypto, demystifying the crypto-verse. We will delve into the roots of HNT, discuss its growing influence, and primarily focus on safe investment strategies.
The backstory of Helium (HNT)
Even though it was released in 2019, Helium (HNT) was first thought of way back in 2013. Such a long-brewing period is pretty rare in the cryptocurrency industry. But it does mean that ideas that led to the creation of the Helium coin are built upon solid foundations. It was started by a talented group of developers who wanted to make access to the internet more open to everyone. The plan for the project is to create a network of hotspots that they call “The People’s Network.”
If you look toward the core of HNT services, you’ll notice its value is synonymous with its network growth. As the HNT network grows, its value should rise at the same rate.
The project was officially launched in mid-2019, but its roots stretch back to 2013. The main goal of Helium is to make an Internet of Things (IoT) network that doesn’t have a central hub and gives people access to the internet.
The network, called “The Peoples Internet,” uses a “Proof-of-Coverage” system that lets low-powered devices connect reliably using the Honey Badger BFT protocol. This is how the network achieves consensus despite variable connectivity.
The secrets of HNT tokenomics
HNT serves as a key element of its network, but despite its moniker, it is not based on another blockchain. It is a native asset of its own blockchain, which, by definition, categorizes it as a coin. HNT was not pre-mined and had a maximum supply cap of 223,000 coins.
HNT’s allocation is diversified, with 30% for network data transfer, 35% for hotspot infrastructure, and the remaining 35% for founders and early donors. Andreessen Horowitz (a16z) and FTX’s Alameda Research are two well-known backers.
Navigating the price volatility of HNT
In the wild land of crypto, the ups are always exhilarating, and the downs are, well, let’s call them thrilling. And HNT is the perfect example. Not too long back in 2021, the Helium token reached its peak of $52.7. This was its golden moment showing how much respect it used to have in the market. But volatility is a key part of any business, more so in cryptocurrencies.
The HNT token is presently priced at only $1.21. But despite the long fall from its summit, we shouldn’t forget how the market really moves and how unstable cryptocurrencies are by nature. These changes are hardly ever ignored by experienced traders and HODLers who consider these as the right opportunities to invest.
The drop in the price of HNT doesn’t hurt its long-term potential. Instead, it gives investors a chance to buy the coin at a lower and more attractive price. With a project as solid as Helium, short-term drops in price can be seen as stepping stones to possible future growth.
Even though the instability may seem scary, knowing how to handle it well can help your portfolio reach new and unprecedented heights in the crypto-verse. The golden rule is not to be deterred by these short-term changes and instead focus on the bigger picture.
Where and how to buy Helium (HNT) crypto
Now that you’ve learned all there is to know about HNT, let’s go back to the main topic and learn how to invest in HNT crypto safely:
Try your hand at the Crypto Exchange
Start by setting up an account on a crypto exchange that supports HNT. If you live in the United States, the only ports that are available for you are Binance.US and FTX Exchange. Don’t forget to follow the rules set by the Securities and Exchange Commission (SEC) when trading on these platforms.
Choose a wallet to carry your HNT
If you’re considering a long-term investment, you must add an extra layer of security. Instead of storing your coins on an app, consider choosing a cold storage wallet, like the Ledger Nano X, or a free software wallet, like the Helium app. A wallet gives you full control over your funds and keeps them safe from prying eyes.
Initiating HNT acquisition
Connect your bank account to your exchange to fund your account. Once done, head over to the Helium page, and get your hands on your first HNT!
Stepping up security with a VPN
As you go deeper into the crypto-verse, it becomes even more important that you use a VPN (Virtual Private Network) for your protection. VPNs provide security and anonymity, which are incredibly essential for your financial operations.
A VPN not only hides your IP address but also creates a secure tunnel between your device and the internet, encrypting your data in the process. It basically scrambles your transaction details, including the amount of HNT you bought or sold and, most importantly, the information about your wallet, making it impossible for any hacker to decipher anything that could be stolen.
Also, using a VPN lets you get around geographical restrictions, giving you access to any website you want where you can invest your HNT. In essence, a VPN boosts the security of your crypto deals, which is especially important for larger investments.
Choosing PureVPN for crypto transactions
In the crypto-verse, PureVPN reigns supreme. It offers a global network of servers, allowing you to buy and sell HNT from anywhere in the world in the safest and most private way possible. And the best part, you leave absolutely zero traces of your online activities on the web, which is good for the safety and privacy of your private information.
With PureVPN’s cutting-edge encryption technology, your data remains safe from all sorts of threats on the internet. Plus, PureVPN’s strict no-logs policy ensures that the VPN brand itself won’t be able to view any of your crypto transactions. Whether you’re buying, selling, or just storing your HNT, PureVPN makes sure that your journey into the crypto world remains smooth, safe, and completely private.
Securing your digital assets with PureEncrypt
Data is gold in the digital age, and your digital assets are no different. As we learn more about HNT crypto, it’s crucial to remember that protecting your sensitive data is extremely important. This is where PureEncrypt comes in as your wallet’s very own private fortress.
PureEncrypt offers top-notch and tamper-proof file encryption, locking your files into secure digital vaults. Whether you want to store your files in the cloud or on your own computer, PureEncrypt will have you covered. You can also add extra checks to your security with face ID or fingerprint authentication with PureEncrypt. You can even choose to have the app log you out after a certain amount of time, adding another layer of security to your files.
Enhance your password protection with PureKeep
Just as a fortress needs a sturdy gate, your digital assets need strong passwords. This is where PureKeep comes in. It is a password manager designed to provide you with a robust line of defense for your digital wallet.
PureKeep offers a secure platform for storing all of your passwords. Additionally, it can generate hard-to-crack passwords that even the most notorious of hackers would be unable to guess.
In the end, if you want to spend wisely in the crypto world, knowing where to put your money is not enough. You must also know how to keep your digital assets safe. This can be easily done if you use secure tools like PureVPN, PureEncrypt, and PureKeep.
Final words
We hope we’ve been able to demystify the process of buying HNT crypto. Remember, if you have the right knowledge and tools, your crypto journey will surely bring you excitement, thrill, and loads of profits.
Frequently Asked Questions
To get HNT Crypto, you must first sign up for an account at a crypto exchange that accepts HNT, such as Binance or FTX. After you set up your account, you’ll need to link it to your bank account and add funds. Then, you must go to the exchange’s HNT web page and place your order.
This depends on where you are and what you expect from the exchange. Binance.US and FTX Exchange are trustworthy US platforms that accept HNT. If you’re not in the US, then you might have even more choices.
The mobile wallet in the Helium app is a great way to store and trade HNT coins. If you want a hardware wallet, the only way to make it work with HNT is by using Ledger Nano X.
Helium is presently not supported on Coinbase. But do check the website for the latest updates in case it becomes available.
Currently, the Helium App’s mobile wallet and the Ledger Nano X hardware wallet both accept HNT.
Your investments are only safe if you know about the proper ways to protect them. Helium is a good project because it has a unique blockchain, and the team is committed to an open IoT network. But you must also always keep your HNT in a safe wallet and watch out for possible scams or phishing attempts. Using a reliable VPN like PureVPN can also add an extra layer of protection to your crypto transactions.
Marrium Akhtar
June 27, 2023
11 months ago
