How to Buy Hshare - Where to Purchase HSR?
Hshare (HSR) is an ICO released pre-launch or placeholder coin for the HyperCash (erstwhile Hcash) platform and cryptocurrency. HyperCash has been designed to facilitate easy transfer of value between different blockchains, and uses a hybrid Proof of Stake and Proof of Work consensus model for its governance.
Anyone having Hshare can easily swap it with HyperCash (HC) using the details provided on the latter’s official website, at a 1:1 ratio. Its price was hovering around $1.70 per coin at the time of writing. We’ve created this detailed guide to acquaint you with all possible aspects of buying Hshare.
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Why Trade rather than Buy Hshare for Cheap and Fast Returns?
You Don’t Need a Wallet:
You trade on the price movement of the coin without having to buy and store it.
You Can Use Standard Payment Methods:
All regulated brokers accept popular methods of payment such as credit/debit card and bank transfers.
Trades Are Fast and Withdrawals Are Easy:
Trades are executed within seconds and withdrawals will reflect instantly in your account.
What is the Easiest Way and Best Way to Buy? Compare the Top Hshare Brokers
It’s difficult to pinpoint any specific easiest way to buy HSR online. It will essentially be your personal preferences that will determine the best website to buy HSR. As the first step in your efforts to find out where to buy HSR, you must start shortlisting the best brokerage platforms and exchanges on the Internet.
In general, as brokers are often strictly regulated, they’re preferred over cryptocurrency exchanges and are considered the best places to buy HSR online. Apart from that, you can also avail financial derivatives like CFDs on broker platforms and indulge in speculative trading on Hshare, without the need of exchanging any HSR coins.
We’d like to emphasise that before you decide to use any specific broker site for your HSR purchase, you must compare all the top ones based on important factors like their regulatory status, customer service, fees and security protocols. Once you’ve signed up with a broker that meets all your criteria, you’ll discover how easy it is to buy HSR in reality!
5 Things to Consider if you Want to Buy Hshare
It’s highly recommended that you factor in some important considerations before buying Hshare for the first time. These considerations can play a critical role in ensuring a quick and hassle-free purchase of the cryptocurrency.
Carefully choose your preferred secure payment method
Choosing a payment option that meets all your requirements is as crucial as selecting the right exchange or broker site for the Hshare purchase. The modes of payments may differ based on the platform you choose and the country/state you reside in. Your main aim should be to go with a payment method which accords with the level of cost, speed and convenience you seek.
Will you need to set up your own wallet?
Once you’ve bought HSR from someone on an exchange, you’ll need to store it in a secure cryptocurrency wallet. Crypto investors and traders have been warned time and again to never leave their coins in the web wallets provided by exchanges. There have been major accidents with them in the past, and people have lost their entire crypto holdings. On the contrary, there will be no involvement of a crypto wallet if you choose to invest in Hshare or HyperCash through a CFD.
Before buying any cryptocurrency, there are three important fee types you’ll need to pay heed to. These are the blockchain fee, broker/exchange fee and payment method related transaction fee.
HSR or HC (HyperCash) transactions are processed at a very negligible blockchain fee, which needn’t be a factor in such cost comparison. However, the different fees charged by cryptocurrency brokerage and exchange portals must be compared before selecting any specific platform to buy HSR.
Safety and security
Hshare or HyperCash makes use of a hybrid Proof of Work and Proof of Stake consensus mechanism to secure its blockchain. It offers an extremely secure network that features quantum-resistant signature technology. Apart from that, the platforms which offer HSR as a tradable coin also have their own respective security measures in place, including some additional features like 2-Factor Authentication (2FA).
Can you understand and navigate the platform?
No matter which platform you buy HSR from, if it’s your first time buying a cryptocurrency, you must thoroughly navigate that website, get acquainted with it and understand its workings well before depositing any funds. Doing so can be instrumental in steering clear of costly errors later.
Ultimate Beginner’s Guide to Trading Hshare
What is an Hshare Broker?
A cryptocurrency broker can be termed as an OTC (Over-The-Counter) service which makes use of a dealer network to execute crypto trades. Apart from enabling easy buying and selling of crypto coins, including HSR, brokerage services also facilitate speculative trading through financial instruments like Futures, Options and CFDs.
You can expect HSR brokers to offer you a good range of payment options such as cryptocurrencies, bank transfers, PayPal, debit/credit cards and others. The list is any day more exhaustive than that offered by any exchange portal.
What is an Hshare CFD?
A Contract for Differences or CFD is a financial derivative product through which you can bet on the underlying cryptocurrency’s future price movements, without the need of exchanging any coins. Brokers are also known to provide a leverage facility for such CFD trades, which enables traders to borrow additional capital from them and increase the size of their positions. That being said, leverage trading comes with the possibility of both huge profits as well as losses.
What is the Benefit of Hshare Regulation?
Regulation continues to be a hotly-debated subject in the world of cryptocurrencies, for several years now. Most of such regulation is to protect the investors’ interests and to improve their confidence in the crypto markets. Therefore, it always makes sense to transact on an exchange or broker site which has been regulated by a well-known global authority. Dealing with any such provider guarantees that you’ll have someone to reach out to, in the event that you experience an unexpected loss of funds. Hence, the next time you’re asked to submit a proof of address or a govt.-issued ID by a regulated provider, please do comply. It’s for you only; to keep you away from harm’s way.
What is the Best Payment Method for Buying Hshare?
As emphasised earlier in this article, you must choose a payment method based on your cost, speed and convenience preferences. Some of the commonly discussed options in this regard include PayPal, credit/debit cards, cryptocurrencies and bank transfers. Let’s briefly touch upon them below:
Buying Hshare with credit/debit cards: Even though credit/debit cards are widely recognised as the easiest and quickest way to buy cryptocurrencies online, including Hshare and HyperCash, their comparatively higher transaction fees make them inappropriate for large or regular crypto purchases. Therefore, you can use them for a one-off HSR purchase, but not frequently.
Buying Hshare with bank transfer: The majority of cryptocurrency investors pay or deposit funds via bank transfer when buying Hshare online. It’s their low transaction cost that makes bank transfers so popular amongst buyers. Additionally, it’s very easy to set them up. You simply need to link your bank account with your exchange/broker account, and then can easily transfer money between them, without any hassles. Nonetheless, it’s important to note that bank transfers are more time-consuming than other payment modes.
Buying Hshare with PayPal: Although PayPal isn’t very popular with crypto exchanges, this payment method is trusted globally, works out to be cheaper than using a credit/debit card and quicker than bank transfers. Regulated broker services are more welcoming of PayPal deposits/payments. Hence, don’t forget to factor this in while choosing a provider for HSR purchase.
Buying Hshare with another cryptocurrency: It’s also possible to buy Hshare with another cryptocurrency, through a cryptocurrency exchange. You can simply locate an exchange platform that offers a trading pair comprising of HSR and another cryptocurrency owned by you. If you find one, you can open an account with that portal and deposit the corresponding amount of crypto, to buy Hshare.
The Verification Process for Trading Hshare
We delved into the importance of regulation earlier in this piece, and how you should comply whenever a regulated broker/exchange asks you to submit a govt.-issued ID, and in certain cases a separate address proof too. Please note, this is solely to help the platform verify your credentials and to make sure that you’re signing up for the right reasons. It’s also done to abide by the Anti-Money Laundering (AML) and Counter-Terrorism Financing (CTF) laws applicable to financial institutions. Though such verification processes may seem annoying, they are for your own benefit and protection.
Hshare: Long vs Short Term Investment
Once you’ve made up your mind to invest in Hshare or HyperCash, you’ll need to ponder if it’ll be a long-term or a short-term investment. In view of how cryptocurrency markets have opened up globally over the past few years, both long and short investment horizons may seem profitable.
If you choose to invest for the long term, you’ll need to purchase HSR, and then store your coins somewhere safe, preferably in a hardware wallet, hoping for their value to increase at some point in the future.
Short-term Hshare investments can be either about short-term trading in HSR coins, or usage of a financial instrument like CFD to speculate on HSR’s future price. Both these activities are facilitated by regulated broker platforms. As CFD trades don’t involve any exchange of HSR coins, you won’t need to set up any wallet either.
Why Buy Hshare rather than Trade?
A prominent reason why many crypto investors across the world choose to buy HSR rather than trade it, is because they don’t have to learn about cryptocurrency trading or gain any experience in it, in advance. It’s mostly a step-by-step process wherein you buy HSR cheap, store it in a cold hardware wallet, and forget about it till its price appreciates to a certain level.
Talking about buying HSR cheap, a brokerage service would be any day a better choice over an exchange to make such a purchase, owing to the complexity of and charges levied by the latter. Furthermore, brokers also make it easy to buy HSR instantly. Hence, you can enter the market any moment you want. It’s not without a reason that broker websites are widely discussed as the cheapest way to buy HSR on the internet today.
What Fees are Involved in Buying Hshare?
No matter which one you use to buy HSR online, whether an exchange or a broker, you’ll have to cough up some fees, to complete your purchase. These fees are in fact a significant revenue medium for these service providers, however, can also dent your profit margins. Exchanges, owing to their larger overheads, charge more fees than brokerage sites. Let’s briefly talk about some of the commonly-known fees associated with HSR purchase.
Transaction feesThe blockchain transaction fees for HSR purchases is almost negligible, and hence cannot be termed as a factor. Nonetheless, a certain fee will be charged by brokers and exchanges for every executed HSR trade. It is important that you ascertain this transaction fee before using any specific platform.
Deposit feesIt’s a common practice amongst cryptocurrency exchanges to charge deposit fees for the upload of funds into accounts. Brokers, however, don’t normally charge such a fee, in an effort to attract more traders to their service. Some of them who do, keep it lesser than exchanges. It’s worth highlighting here that the exact deposit fee will depend upon the payment method used.
Withdrawal feesEvery withdrawal made from an exchange, whether in the form of crypto coins or fiat currency, will involve a withdrawal fee. Brokers charge this fee too, but keep it nominal and lesser than what is levied by exchanges.
Safely Storing Your Hshare
Cryptocurrency wallets play a key role in the safe storage of HSR coins, and making them available whenever you need them. Let’s acquaint you with some popular varieties of wallets that can be used to store HSR.
Web Wallet: Also referred to as custodial wallets, web wallets are web apps running on an exchange/broker website’s server, and hence come integrated with their service. Storing any crypto coins in a web wallet is full of risk, particularly in the case of crypto exchanges. Unregulated exchanges have a history of getting hacked, going bankrupt and some even witnessing exit scams.
Mobile Wallet: Mobile wallets are basically crypto storage apps meant for mobile devices. As they run on devices constantly connected to the Internet, mobile wallets are also classified as a type of hot wallet. Though they are more secure than their web counterparts and can be further safeguarded by the device’s PIN code, their constant online presence makes them susceptible to hacking attempts. HSR can be stored in HyperCash’s own special wallet which comes with multi-signature features and is managed through RPPOM consensus to deliver a higher level of security. This wallet can be accessed on mobile devices too.
Desktop Wallet: Being a type of hot wallet, desktop wallets have their own vulnerabilities but are far safer than web wallets for storing cryptocurrencies. They use certain important security protocols like Two-Factor Authentication and others, to secure your coins. Where they lack is the convenience, commonly found in their mobile counterparts. Like in the case of mobile devices, you can store and manage HSR in HyperCash’s native wallet, on a desktop computer too.
Hardware Wallet: Their constant disconnectedness from the internet makes hardware wallets a type of cold wallet, and the safest to store cryptocurrencies, including Hshare. These wallets are sold as physical devices, normally as small as USB pen drives. You can connect them to the Internet anytime you want, and access your coins easily.
Wallet Combinations: Few of the wallet types discussed above can be strategically interconnected to obtain a higher level of security and convenience. Furthermore, doing so can also provide access to a host of additional features like staking.
What Other Coins Can I Trade or Use to Buy Hshare?
Any cryptocurrency exchange which offers you Hshare as a pair with another cryptocurrency will allow you to use the latter to purchase the former, and vice versa. This is called a ‘Trading Pair’ and enables hassle-free exchange between two different cryptocurrencies. Hence, you can possibly buy Hshare with Ethereum, Bitcoin, Tether or some other cryptocurrency, as provided by the exchange.
What’s the Smallest and Largest Amount of Hshare I Can Buy?
Beginner investors can be often seen questioning—What’s the minimum purchase for HSR? Or if they can buy HSR without limit. Well, it’s important to be aware that the minimum and maximum permissible quantities for HSR purchase will depend entirely on the website used for this purpose. The last we checked HSR was available on a crypto exchange for around $1.70 per coin. Hence, it may not make a lot of sense to buy small amounts of HSR. Talking specifically about the upper HSR buy limit, certain local regulatory restrictions may prevent you from buying beyond a certain limit.
Can I Buy Hshare Anonymously with no ID? Is it Safe and Legal to Buy Hshare?
If you see yourself asking whether buying HSR illegal or is it safe to buy HSR, please note, you’re not the only one thinking along those lines. First and foremost, please note that any HSR you hold can be exchanged at a 1:1 ratio against HyperCash (HC). So your investment is safe from that perspective.
Cryptocurrencies being a comparatively new asset class, it’s valid for people to have such concerns. Nevertheless, crypto is gaining widespread acceptance all over the world, and it’s possible to make a secure HSR purchase from many locations on the planet today.
In most cases, you’d transact on an anonymous cryptocurrency exchange, to buy HSR anonymously. However, considering the constantly increasing strict regulation in this space, it’s not advisable to use such platforms. The best way to buy HSR safely would be through a reputed and regulated exchange or broker platform.
Will Buying Hshare Make Me Money?
Now the million dollar question that anyone who is buying HSR may want to ask! Does buying HSR make you money? Actually, there is no straightforward answer to this. HSR, like any other cryptocurrency out there, is exposed to the crypto markets’ volatility. Whether you make money from it or not, will depend entirely on your skills and strategy. Ideally, considering the strong fundamentals of HyperCash (HC), both long-term and short-term trading approaches seem workable. In case you’d like to know how much does it cost to buy HSR or the best price to buy HSR right now, you can check our HSR Price Page for more information.
How to Spend your Hshare
As mentioned earlier in this guide, Hshare are pre-launch tokens that will eventually need to be converted into HyperCash at a 1:1 ratio. In order to do that, you’ll need to visit the HyperCash official website and follow a step-by-step procedure provided there, for this purpose. It may also be possible to exchange HSR with BTC at multiple crypto exchanges, as it may be offered as part of different trading pairs, including HSR-BTC. However, unlike well-known digital currencies like Ethereum, Litecoin, Bitcoin, you may not be able to use Hshare for purchasing goods and services online or offline currently.
How to Sell your Hshare
Regulated exchange and brokerage portals constitute the two best mediums to sell your HSR coins.
For HSR sale through a crypto exchange, you must find a reliable exchange platform, open an account on it, followed by depositing your HSR coins to this account. Once done, you will be able to open a ‘Sell’ trade on the website, which will connect you with potential buyers.
In the event that you chose CFD as your preferred medium to invest in HSR, selling off your holding will be extremely easy. There will be no HSR transfer involved. You’ll simply have to close the CFD trade and absorb any loss or profit resulting from it.
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Frequently Asked Questions
The main purpose of Hshare or HyperCash is to create a novel platform that connects different blockchains, facilitating the easy circulation of information and value between multiple networks, thereby redefining the true value of blockchain technology.
At the time of writing this piece, 1 HSR was equal to 0.00000479 BTC.
The circulating supply of HyperCash (HC), the actual ICO token resulting from the pre-launched Hshare (HSR) coin, was 45,071,909 coins, out of the maximum possible supply of 84,000,000 coins, at the time of writing this guide.
The all-time high price of HyperCash was $43.17 on August 27, 2017, whereas the all-time low was $0.4871 on December 23, 2020.
The best way to convert HSR to HC is to visit the HyperCash official website and follow the step-by-step procedures provided there. The offered conversion ratio is 1:1.
Hshare or HyperCash uses a hybrid Proof of Work (PoW) and Proof of Stake (PoS) consensus system to secure its blockchain. It also uses quantum-resistant signature technology towards this end.
Hshare or HyperCash was originally founded by a team consisting of Chief Scientist Dr Joseph LiuDallas Brooks, Khal Achkar and Andrew Wasylewicz.
Yes. Regulated HSR brokers are much safer compared to unregulated cryptocurrency exchanges.