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. We’ve created this detailed guide to acquaint you with how to buy Hshare (HSR).
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!
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.
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.
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.
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).
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.
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.
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 purchases.
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 fees It’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 fees Every 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.
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.
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.
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.
If you see yourself asking whether buying HSR is illegal or is 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.
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.
As mentioned earlier in this guide, Hshare is 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, 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.
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.