Launched in 2019 as an ERC-20 token, HEX is one of the best cryptocurrencies created to transform the decentralised finance space. The token aims to replace the traditional certificate of deposit and be a store of value in the financial market. So, if you are an investor in the advanced decentralised financial space, HEX can be an intriguing and affordable crypto asset to invest in.
Note that it’s not easy to get started trading in the cryptocurrency market, considering its volatility. With numerous assets being introduced in the market daily, finding the best one with growth potential can be daunting. Fortunately, we discuss how to buy HEX tokens so you can easily get started. Plus, we give you a brief overview of HEX for more understanding.
In this guide
Top 3 Exchanges for Buying HEX
You need access to a cryptocurrency exchange that lists the HEX token to make a purchase. There are numerous cryptocurrency exchanges in the market today, but not all list this crypto asset to trade or purchase. Since there are a few exchanges for buying the HEX token, you must thoroughly test and compare them to ensure you find the most suitable for your needs. Also, ensure they not only allow you to purchase HEX token but also trade it as CFDs or indices.
Below is our list of the top 3 exchanges for buying HEX based on thorough comparisons and multiple tests.
1. Crypto.com
Crypto.com offers you an opportunity to buy HEX using crypto assets and fiat currencies. Besides HEX, you also get access to over 250 cryptocurrencies, which you get to trade using your preferred fiat currency among the 20 listed on the exchange. Moreover, the exchange has a Crypto.com Visa Card that you can use to manage, spend, and access your funds anytime. Crypto.com is a user-friendly exchange; you can access it via desktop and mobile devices.
Crypto.com fees for HEX investment are relatively low compared to what most exchanges charge. For instance, you can send other Crypto.com App users digital assets at no fees. If you connect an external digital wallet to the exchange, transferring your purchased crypto assets to the wallet attracts low fees. It is an exchange with a wide selection of assets fit for low-budget traders. The best part about it is that it ensures you get price movement alerts through notifications so you can easily track your positions and take advantage of potentially profitable opportunities.
✔Earn daily rewards on your balance, no lock-up period
- Additional +250 crypto assets for your HEX investment portfolio diversification
- User-friendly interface on both desktop and mobile platforms
- Features an in-built DeFi wallet to secure your HEX tokens and other cryptocurrencies
- Withdrawal fees apply on the bank transfer method
- Limited learning resources compared to its peers
2. Uniswap
Uniswap is considered one of the best exchanges for buying HEX using Ethereum. This means that you must purchase Ethereum crypto assets from external exchanges of your choice and transfer them to your digital wallet for making the purchase. Note that Uniswap is a decentralised exchange, and you will require a digital wallet connected to it to buy HEX. The exchange is highly secured and has a fast trade execution speed to ensure you quickly benefit before the dynamic crypto market changes.
One thing we like about Uniswap is that it is user-friendly, and you won’t find it challenging to learn how it works. You can easily connect a crypto wallet of your choice and transfer purchased crypto assets for buying HEX. With Uniswap, you can swap a cryptocurrency for another or deposit your digital asset in a liquidity pool. Unfortunately, Uniswap doesn’t accept fiat currencies.
- Fast execution speed, making it a viable option for active cryptocurrency traders
- A decentralized exchange that is highly secured for buying and selling HEX.
- Low HEX trading fees
- The exchange doesn’t support fiat currencies for buying HEX
- No phone support
3. Coinbase
Coinbase is a centralised exchange but doesn’t currently list HEX for purchase. However, the exchange has an in-built self-custody digital wallet for buying HEX tokens. You can access this wallet and easily purchase the token. Note that Coinbase is one of the largest cryptocurrency platforms globally, and besides HEX, it allows you to purchase and trade more crypto assets. These include popular ones like Bitcoin, Ethereum, Litecoin, Ripple, etc.
Like the above two listed exchanges, Coinbase’s self-custody digital wallet is user-friendly and easy to set up. Beginners in the cryptocurrency space will easily navigate its intuitive design platform and enjoy their experience. The exchange doesn’t have a minimum deposit requirement, but its minimum purchase amount is £2. Unlike Uniswap and Crypto.com, the Coinbase HEX fee is a bit high, so ensure it fits your budget before taking the plunge.
✔Two-factor authentication
- Features an in-built self-custody wallet for securing your HEX tokens
- Coinbase has a user-friendly interface that is easy to navigate, even for those new to cryptocurrency
- Highly secured platform with a two-factor authentication procedure and insurance coverage for a portion of assets held
- High trading fees
- Limited trading tools compared to its peers
By the way, check out our list of the best bitcoin brokers to know how it is used.
How to Buy* HEX Tokens with Crypto.com? 5 Easy Steps
When engaging with cryptocurrencies, it’s crucial to recognise that these digital assets are characterised by their extreme volatility and speculative nature. This can result in swift and substantial price fluctuations. To safeguard your crypto holdings, it is imperative to utilise reputable wallets and exchanges, prioritising the security of your investments.
Also, exercise vigilance and due diligence to guard against crypto-related scams and fraudulent schemes that can potentially threaten your financial well-being. You can also spread your investments across multiple digital tokens and avoid making decisions based on emotions.
There are a lot of factors, such as location and protocol, that come into play when buying the HEX token. As a trader and investor, it is crucial to fully prepare by learning how the HEX token benefits the market and decide whether it is worth investing in. If you consider this cryptocurrency a viable investment tool, follow the procedures below to set up an account and make your purchase.
The first thing you must do is create an account on a suitable exchange like Crypto.com or Uniswap that supports trading and investment of HEX. Remember, HEX tokens are not yet listed on large exchanges like Binance and Coinbase, and you can only find them in smaller exchanges. This doesn’t mean that your asset will not be secure since most HEX-supported exchanges allow you to connect an external crypto wallet to secure your assets. Plus, some of them are compatible with mobile devices allowing you to manage your investments on the go.
Choose the best digital wallet that will integrate well with your cryptocurrency exchange. Keep in mind that there are numerous digital wallets to choose from. Therefore, ensure you conduct thorough research to find the best. Like exchanges, most digital wallets have Google extensions and native apps you can download from Google Play or the App Store and install on your mobile device.
Once you identify a suitable digital wallet, register as a member using a username and password. If the wallet has a private address and seed phrase, ensure you keep them safe and do not share with anyone. The cryptocurrency market is flooded with numerous hackers, so be careful. You should then connect your wallet to a crypto exchange for making the purchase.
Using your cryptocurrency exchange, you need to purchase crypto assets that you will use to purchase HEX. Ensure the exchange lists your preferred cryptocurrency, whether Bitcoin or Ethereum. If you are a newbie, there are numerous guides here on TradingGuide to take you through simple procedures for buying cryptocurrencies on exchanges. Once you purchase your preferred digital currency, ensure you store them in your digital wallet as you prepare to buy HEX.
At this point, you have everything set to buy HEX. Using your digital asset as a payment method, select the HEX coin from the list of assets supported on an exchange and complete the buy order
*Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.
We mentioned earlier that Coinbase doesn’t list HEX on its centralised exchange, but you can purchase the ERC-20 tokens via its crypto wallet. Therefore, if you prefer using exchanges like Coinbase, the procedure for buying this asset is almost similar. Simply purchase Ethereum from its trading platform and transfer them to your Coinbase wallet. On the wallet, you can swap Ethereum for any token that runs on the Ethereum blockchain, and HEX is one of these tokens.
Find out more about the Pi network review in our another guide.
HEX Price Prediction
The cryptocurrency market is highly volatile, and it’s challenging to get accurate predictions on assets in this market. In fact, most predictions have turned out wrong, indicating that you need to be more keen and stay abreast with developing trends in the cryptocurrency market for increased potential. Here are some examples of HEX price predictions made for the year 2024 and the coming years.
- CaptainAltCoin predicts that the price of HEX will keep dropping this year and start recovering in 2023. The site also predicts that the price of HEX will keep rising and potentially reach around $0.1 by 2025. However, it is also predicted that HEX’s value will decrease by 2027 and more so by 2040. According to this prediction, HEX is considered a dead coin.
- PricePrediction.net, however, has an optimistic forecast on HEX value. The site predicts that HEX’s price will fluctuate but continue to rise until 2024. By 2030, the site predicts that this cryptocurrency’s value will have broken through the dollar barrier, meaning it has increased potential for growth.
Based on the above two HEX price predictions, it is challenging to determine the direction that this asset will take. Therefore, always conduct a thorough market analysis and analyse HEX’s historical price to ensure you identify the best entry and exit points. With determination and commitment, HEX investment could bring about good profits in the long run.
HEX Price Today
HEX was launched in the crypto market in 2019, and since then, the token’s value has kept fluctuating. Although you shouldn’t depend on HEX’s historical price to predict its future performance, doing so gives you an insight into how its value might turn out.
Below, we have prepared a live chart to ease your analysis procedure and help you decide on the best time to make an investment move. This live chart not only displays HEX’s current value but also historical prices for more effective analysis.
About HEX
HEX was launched in December 2019 by Richard Heart. Heart is also PulseChain network founder, a company that has made him raise over 27 million dollars for medical research. Based on the information on the HEX website, the project was started with the goal of becoming the first certificate of deposit in the cryptocurrency space. This means that consumers who lock up their invested funds for a fixed period get to earn slightly higher returns than the average savings account.
Although HEX operates just like traditional banking, it prides itself on following a proof-of-wait protocol. Here, only investors can mint new coins for holding the HEX token within a specified period. Miners are not required to participate, and HEX smart contract creates new coins to pay its token holders. HEX is an L2 application built on the Ethereum blockchain.
FAQs
Although there are different predictions regarding HEX’s value in years to come, we consider this token a good investment. With the benefits it brings to investors in the decentralised financial space, the token has growth potential, and you should definitely consider investing in it.
Yes. HEX is a real cryptocurrency since it operates on the Ethereum blockchain. You can find it listed on legit crypto exchanges for purchase or trade. Simply ensure the exchange you use for purchasing HEX meets your investment needs.
Yes. Although Richard Heart (HEX founder) has a history of illegal business practices, you probably must be sceptical about investing in HEX. Do not fret, though, since HEX is based on the Ethereum blockchain and listed on reputable exchanges.
No. Unfortunately, you need a reputable exchange to buy HEX. We list above the top three exchanges that are compatible with most digital wallets to effectively complete the purchase.
Conclusion
HEX is a relatively new digital asset and is not as widespread as most ERC-20 tokens in the cryptocurrency space. However, the token is tailored to transform the decentralised financial space, giving it growth potential in the long run. Before investing in HEX, ensure you conduct additional research to clear all doubts. Using the live chart in the guide above, it will be easier for you to analyse the token’s value and identify the best entry and exit points. All you have to do is find the best crypto exchange listing HEX, and you are good to go.
