How to buy Handshake (HNS) in Australia

A beginner's guide to buying and selling HNS in Australia.

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How to buy Handshake

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Handshake.

  1. Open an account on an exchange that supports HNS.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Handshake.
  3. Buy Handshake.
    Complete your Handshake purchase and then find the best wallet to store HNS.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Handshake?

Handshake is a decentralised, permissionless, blockchain-based software that aims to address the issue of centralisation in domain names. Presently, ownership of web names is governed by a singular entity known as the Internet Corporation for Assigned Names and Numbers (ICANN). They control most of the common Internet suffixes such as .com and .net. A key benefit of Handshake – other than thwarting issues with centralisation – is improved World Wide Web security. According to the Handshake website, when compared with the current certificate authenticity (CA) system, the network has the ability to better differentiate legitimate websites from those that are malicious. The platform was launched in February 2020 by software developers and experienced crypto technologists, Joseph Poon and Christopher Jeffrey. It is based on Proof-of-Work protocols, like Bitcoin. HNS is the native token of the Handshake protocol and is vital to its operation. The coin is used for purchasing, transferring and refreshing domain names on the network. Implementation of a native token also helps prevent spam and server attacks.

Handshake (HNS) is the 415th largest cryptocurrency in the world by market cap, valued at $85,247,207. The current price of Handshake is $0.203164, which is 0.409% higher than yesterday. Prices have ranged between $0.202965 and $0.187295 over the past 24 hours. All prices are listed in US dollars and accurate as of September 27, 2021 02:09 UTC.

Where to buy Handshake

Find an exchange to buy, sell and trade HNS by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

811
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

279
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
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Handshake at a glance

Information last updated September 27, 2021 02:09 UTC.
Coin symbolHNS
Coin MarketcapUS$85,247,207
Total HNS supply2,040,000,000
Circulating HNS421,541,620
Current priceUS$0.203164
All time highUS$0.851892

Handshake price performance over time

Historical prices compared with the price of US$0.203164.

1 hour 1.28%
24 hours 0.41%
7 days -25.66%
14 days -37.81%
30 days -22.31%
60 days 25.54%
200 days -32.44%
1 year 25.81%

How to sell Handshake

You can cash out your HNS with the same exchange you bought it through:

  1. Sign in to the exchange you have HNS on.
    If you store your Handshake in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of HNS you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Handshake.

What to consider when buying Handshake

Before purchasing any cryptocurrency, an evaluation of the token and its associated platform should be completed. With regards to Handshake, here are a few things worth considering:
  • Tokenomics. HNS tokens have a max supply of over 2 billion, with approximately 20% (406 million) of these coins already distributed as of July 2021. Handshake set aside approximately 15% of their max supply for the project’s creators and investors, and delegated another 68% to third party developers. The remainder of tokens have been distributed to various websites under ICANN’s jurisdiction to incentivise them switching providers.
  • Adoption. Like many cryptocurrencies with ambitious goals, much of their success relies on societal uptake. For Handshake to revolutionise the Internet and make ICANN ultimately redundant, it requires huge companies like Google, Facebook and Amazon to get on board, which may be a tall order.
  • Security. While Handshake intends to be a solution with improved online security, much of the reason websites became centralised in the first place is due to issues with spam, hacking and griefing. The blockchain is still in its early stages of development and will need continued improvement before the public becomes more confident in its security.

Disclaimer: Cryptocurrencies, including Handshake, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HNS 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 Handshake or any other cryptocurrency discussed.

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