How to buy HEX (HEX) in Australia
Learn how to buy HEX (HEX) on 2+ crypto exchanges in our step-by-step guide.
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You can buy HEX (HEX) on a cryptocurrency exchange like Paybis. These specialised marketplaces that allow you to buy and sell cryptocurrencies, and work similar to stock trading platforms. HEX is described as a certificate of deposit on the blockchain. Here's how to buy HEX.
How to buy HEX in 4 easy 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 exchangesThe easiest way to buy HEX 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 depositOnce verified, you can deposit $ using the payment method that best suits you – bank transfer, cryptocurrency, neteller and skrill payments are widely accepted.
- Buy HEX You can now exchange your funds for HEX. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your HEX to your personal wallet.
Where to buy HEX in Australia
Find an exchange to buy, sell and trade HEX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How do I find the best places to buy HEX?
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 HEX?
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 HEX.
- 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 HEX 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.
Where can I buy HEX with a credit or debit card?
Once you've created an account, you will need to deposit funds to buy HEX with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are popular deposit methods to buy HEX on the following exchanges:
- 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 HEX by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for HEX on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy HEX?
The easiest way to buy HEX 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 HEX, 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 Analysis tools to get an idea of how the price of HEX has been performing recently.
Best HEX wallets to store your HEX
You can keep your HEX 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 learn more about wallets and compare them with our comprehensive guide.
Is HEX a good investment?Cryptocurrencies are complicated and volatile, and buying any cryptocurrency involves taking on a high level of risk. There are also myriad factors that can affect the value of any coin or token, so it’s essential to thoroughly research any currency you’re thinking of buying. Some of the factors you may like to consider before buying any HEX tokens include:
- Scam controversy. HEX has come in for plenty of criticism from a range of commentators, with some suggesting it’s a scam or even a borderline ponzi scheme. There’s a section on the HEX website devoted to dealing with scam claims, but the controversy is enough to suggest that this project should be approached with extreme caution.
- Availability. HEX is available on over 20 exchanges, but it wasn’t listed on any of the world’s largest crypto exchanges (in terms of trading volume) at the time of writing. It’s worth considering whether this will have any impact on the future value of HEX.
- Richard Heart. If you want to know more about the man behind HEX, you might like to check out his website.
- Whitepaper. For more information on HEX and how staking works, check out the project’s whitepaper.
Additional information about HEX can be found using our HEX analysis tools.
Today's HEX price versus ATH
Compare today's price of HEX ($0.03715135 USD) against its all-time-high price of $0.51083 USD on 19 September 2021. The closer the bar is to 100%, the closer HEX is to reaching its ATH again.
ATH date: September 19, 2021
HEX ATH: $0.51083 USD
How to trade, convert or sell HEXYou can convert or sell your HEX with the same exchange you bought it through:
- Sign in to the exchange you have HEX on.
- If you store your HEX in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of HEX you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of HEX.
- Complete your transaction and move your HEX to a wallet for storage.
Disclaimer: Cryptocurrencies, including HEX, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HEX 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 HEX or any other cryptocurrency discussed.
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