How to buy Hector Finance (HEC) in Australia

Learn how to buy Hector Finance (HEC) easily by following a step-by-step guide and comparing 10+ crypto exchanges.

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Where to buy Hector Finance in Australia

Unfortunately, at this time no major exchanges in Australia offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

It looks like HEC may not be available to purchase on an exchange in Australia.

You can still purchase HEC by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Fantom and allow users to trade any asset directly with one another.

Decentralised exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralised exchanges first if you're unfamiliar.

How to purchase HEC using a decentralised exchange.
  1. Find HEC on a decentralised exchange and make sure Hector Finance can be traded for FTM which is the native asset of Fantom. The most popular DEX on Fantom is Spookyswap.
  2. Buy FTM to trade for HEC using an exchange like . You will need to purchase enough FTM to swap for HEC as well as FTM to pay for transaction fees on the Fantom network (known as gas). Gas fees on Fantom cost a fraction of a cent.
  3. Transfer the FTM into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade FTM for HEC on the DEX of your choice, following the instructions on screen. Make sure to leave enough FTM in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the HEC tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in Australia.

What to consider when buying Hector Finance

Cryptocurrencies are highly speculative assets that come with a range of risks. As a result, all altcoins should be thoroughly researched before any investment is made. Potential investors of HEC may want to consider the following:

  • Ambitious ecosystem: Hector Finance offers a vast range of services and products. Although on their own the products and services are not unique, all services and product are offered under a single roof which makes Hector Finance an all encompassing platform. The expansive range of features could help to attract users to the ecosystem and keep them within the ecosystem instead of drifting over to competitors. However, having too many subprojects may also deter from the quality and execution of the protocol. Future investors should test to see if all aspects of the ecosystem are competitive with industry equivalents.
  • Deflationary token: HEC is the native token of the protocol and the first-ever deflationary rebase token. It allows its holders to stake and earn generous rewards with an attractive annual percentage yield (APY). The staking mechanism creates scarcity through buybacks and burns, and thus it is also responsible for controlling token supply.
  • Audited: Hector Finance has been audited by Certik. Fortunately, no key issues were found during the report. Although an audit of smart contracts does not guarantee that the protocol won’t incur issues, the audit may provide some comfort to future investors. The full report can be found within Hector Finance’s documentation.
  • Future vision: In the future, the protocol hopes to add Hector NFT, Hector Launch, Hector University, and Hector Pay to its subproject lineup. Having a forward vision is encouraging to see from a project, but the project will need to execute this vision accurately to ensure it remains competitive within the Fantom ecosystem.

How to sell Hector Finance

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

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

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

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