Holo (HOT) is the 176th largest cryptocurrency by market cap, valued at US$396,313,051.
Holo is a highly volatile asset capable of major price swings in a single day. Today HOT is trading for $0.00222795 USD, which is lower than yesterday's trading price of $0.0022303061 USD. Over the past year, Holo's price has seen an increase of 21%.
So before you buy Holo, make sure you understand these unique risks as well as its legal and tax status here in
Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Holo.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
How to buy Holo in 5 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchanges
The easiest way to buy Holo is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit AUD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Holo
You can now exchange your funds for Holo. On beginner-friendly exchanges, this is as simple as entering the AUD or HOT amount you want to purchase and clicking "buy".
Secure your Holo
Consider transferring your HOT to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Where to buy Holo in
Australia
Find an exchange to buy, sell and trade HOT by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.
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How we keep this Holo guide up-to-date
HOT price data is regularly updated through data feeds so you always have the latest information.
What is Holo?
Holo is a platform that enables the creation of decentralised applications built on top of the holochain. According to Holo, the holochain is Holo's version of the blockchain. Unlike other blockchains, the holochain uses an agent-centric method to improve scalability. Individual nodes independently confirm and validate transactions. These transactions are then passed to neighbouring nodes for verification and then finally passed to the main holochain for transparency.
By utilising a holochain, Holo aims to bridge the gap between the traditional Internet scalability and the limitations of current blockchain networks. The HOT, or HoloToken, is currently sold as an IOU token for the redemption of HoloFuel. HoloFuel is intended to reward nodes within the network and is scheduled for release in 2021.
How do I find the best places to buy Holo?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in
Australia to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Holo?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Holo.
This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing HOT with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Holo?
Once you've created an account, you will need to deposit funds to buy HOT with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy HOT:
Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase HOT by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for HOT on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Holo?
The easiest way to buy HOT is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying HOT, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Holo has been performing recently.
Best Holo wallets to store your HOT
You can keep your HOT on the exchange you purchased it on, or move it to a personal wallet:
Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your HOT below.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.
Is Holo a good investment?
Before purchasing any cryptocurrencies, it is important to perform due diligence and research both the token and the associated platform to identify any potential risks.
Transfer: The HOT token is designed as an IOU for HoloFuel, but there is currently little information on how this changeover will take place.
Definition: Unlike other cryptocurrencies, HoloFuel is intended to draw its value based on the computing power of the network. It is not defined as a token but rather as mutual credit.
Supply: Supply for HoloFuel is intended to be dynamic and fluctuate depending on the market behaviour of users. As computing power grows, the ability to issue more HoloFuel increases and vice versa.
Today's Holo price versus ATH
Compare today's price of Holo ($0.00222795 USD) against its all-time-high price of $0.03126682 USD on 05 April 2021. The closer the bar is to 100%, the closer HOT is to reaching its ATH again.
Holo's price: $0.00222795 USD ATH date: April 05, 2021
7.13%
Holo ATH: $0.03126682 USD
How to trade, convert or sell Holo
You can convert or sell your HOT with the same exchange you bought it through:
Disclaimer: Cryptocurrencies, including Holo, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HOT is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Holo or any other cryptocurrency discussed.
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