Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Helium, and is trustworthy!
You can find our top 3 exchanges for buying Helium here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Helium
And of course, the final step is to find Helium on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Helium (HNT)
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How to Sell Helium
- Sign into the exchange
- Find where you stored your Helium, either on a hardware wallet or on the exchange.
- Transfer your Helium to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Helium.
Considerations when looking to buy Helium.
Helium (HNT), a blockchain-powered decentralized network for Internet of Things devices (IoT), is available.
The Helium mainnet was launched in July 2019. It allows low-powered wireless devices with low power to communicate and transmit data through its network of nodes.
Hotspots are the name given to nodes. They're a combination of a wired gateway and a mining device. The nodes are operated by users who mine Helium's native cryptocurrency token HNT and earn rewards.
Helium's mission is to prepare IoT communication in the future. It will identify inadequacies within current infrastructure starting in 2013.
Helium is a company that aims to improve communication capabilities of IoT devices using wireless Internet of Things (WiFi). Infrastructure around IoT was still very young in 2013. Developers wanted to add decentralization to their offerings, so they called it "The People's Network" (official literature).
It will appeal to IoT device owners and others interested in IoT. Financial incentives provide additional outreach opportunities.
Hotspots are a combination of a wireless router and a miner that network participants can purchase or create. Each hotspot covers a radius and mines Helium's native token HNT.
Proof-of-coverage is a new algorithm that allows network nodes to reach consensus even when connections quality is very variable. It's based on HoneyBadger BFT protocol.
Users pay transaction fees in an additional token called Data Credits. These are not exchangeable, and they cannot be tied to specific users.