How to buy Hegic (HEGIC) in Australia
Learn how to buy Hegic (HEGIC) easily by following a step-by-step guide and compare 10+ crypto exchanges.
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How to buy Hegic
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Hegic.
- Open an account on an exchange that supports HEGIC.
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.
- 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 Hegic.
- Buy Hegic.
Complete your Hegic purchase and then find the best wallet to store HEGIC.
What is Hegic?
Hegic is a decentralised options trading platform. Traders can use Hegic to buy and sell options for ETH and wrapped BTC (an Ethereum token that can be converted into BTC and vice versa). It allows traders to speculate on the future price of BTC and ETH on-chain without the need for KYC. HEGIC is the native token of the platform. By buying the native token, you provide liquidity to the options market and you can earn settlement fees from options buyers, which is paid in ETH. As a token holder, you also get voting rights.
Hegic (HEGIC) is the 725th largest cryptocurrency in the world by market cap, valued at $40,884,975. The current price of Hegic is $0.057983, which is -6.053% lower than yesterday. Prices have ranged between $0.061893 and $0.057636 over the past 24 hours. All prices are listed in US dollars and accurate as of January 16, 2022 04:01 UTC.
Where to buy Hegic
Find an exchange to buy, sell and trade HEGIC by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
Hegic at a glance
|Total HEGIC supply||3,012,009,888|
|All time high||US$0.642093|
|Notable team members||Molly Wintermute (pseudonym)|
|Industry||Decentralised options trading|
|Token uses||Utility token|
Hegic price performance over time
How to sell Hegic
You can cash out your HEGIC with the same exchange you bought it through:
- Sign in to the exchange you have HEGIC on.
If you store your Hegic in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of HEGIC you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Hegic.
What to consider when buying HegicInvesting in any type of cryptocurrency involves a level of risk, but HEGIC is a relatively new token and carries the risk of substantial price volatility. Additionally, HEGIC requires you to have an understanding of traditional options trading which is a high-risk market. Here are some of the factors to consider before investing in HEGIC:
- Research. Because the Hegic platform is aimed at options traders, you should have knowledge of options trading before purchasing HEGIC. The Hegic website recommends you test your own knowledge by asking yourself questions like: What is a call option? What is a put option? When do option holders earn money? Who is selling options in HEGIC?
- Staking. In cryptocurrency, staking means actively participating in transaction validation, usually for rewards. With HEGIC tokens you need a minimum of 888,000 HEGIC to acquire a staking lot. This in turn will give HEGIC token holders a right to receive settlement fees from options buyers, which is paid in Ether (ETH).
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Disclaimer: Cryptocurrencies, including Hegic, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HEGIC 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 Hegic or any other cryptocurrency discussed.
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