How to Buy Helium (HNT) in 2024
Helium is a blockchain network that decentralises IoT (the Internet of Things) in the public sphere to ensure web users are not over-reliant on large companies harnessing their personal data at the cost of user privacy.
Helium employs a model where independent users are incentivised to host data “hotspots” that constitute the Helium network. In return for this, users earn Helium’s native crypto, HNT.
This page will tell you why Helium’s vision to democratise the internet could be a worthwhile investment for you, and guide you on how you can easily buy HNT.
How to Buy Helium
The easiest way to buy Helium is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell Helium and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy Helium.
1. Choose a platform
To buy Helium, you’ll want to buy its token, HNT, on a broker or exchange that is known for its user-friendly features, low fees, and strong security standards. With this in mind, we have picked out the best platforms for you to buy Helium on below.
2. Create and fund your account
To verify your account, you’ll have to provide some form of photo documentation such as a passport alongside your proof of address. Following this, you can buy Helium through a number of ways including Mastercard, Visa, and PayPal.
3. Buy Helium
You can buy Helium on your preferred platform by searching for the trading pair tied to your local currency. If you are based in the UK, you’ll want to choose the HNT/GBP trading pair to purchase Helium.
Where to Buy Helium?
You can buy Helium through a variety of brokers and crypto exchanges because of the skyrocketing demand for it among investors from West to East.
The most important things you should take into consideration when selecting a platform to buy Helium on are: regulatory status, transaction costs, and ease of use. We’ve hand-picked some of the best platforms for you on the basis of these benchmarks below.
Things to Consider When Buying Helium
Here are a few things you’ll probably want to weigh up before buying Helium as they may strengthen the value of your investment in the future.
- Institutional Adoption. Helium is quickly making a mark on the infrastructure of IoT on a macro scale. In 2021, San Jose in California became the first city to officially roll out Helium’s decentralised IoT model as part of a pilot programme.
- Low Barrier of Entry. Helium’s network, and its market price, have grown at lightning speeds because anybody in the world with a web device, in theory, may be incentivised toward hosting data hotspots in return for the HNT tokens they will earn in return.
- VC Interest and Strategic Partnerships. The depth and vision of Helium’s project has attracted large sums of investment from Silicon Valley and beyond. This includes investment from prominent VCs like Google Ventures, Khosla Ventures, and FirstMark Capital. They also have a partnership with Senet, one of the most promising providers of cloud computing services in the US.
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