Buying and trading Hshare (HSR) in Australia
A simple guide to buying, selling and trading Hshare.
Hshare is the coin that cryptocurrency platform Hcash currently issues to purchasers. Hshare coins will be exchanged with Hcash at a 1:1 ratio when Hcash launches its main chain, which is scheduled for February 2018.
Hshare became available for trading in June 2017 and is a distributed ledger cryptocurrency which will work on both blockchains and distributed systems. It is now widely available on various cryptocurrency exchanges.
Where to buy Hshare
Hshare is available for trading on 17 exchanges spread across Asia and Australia. These exchanges include the following:
A step-by-step guide to buying Hshare
Hshare can be traded using US dollars (and BTC) on C-CEX, Australian dollars on ACX, and Korean won on Coinnest. They can also be exchanged using BTC, ETH, DOGE, HPY, MONA, QTUM and USDT on other exchanges, including Binance and HitBTC.
Here’s an example of how you can buy HSR using Australian dollars on ACX.
Step 1. Create an account on the exchange
To exchange fiat currency (in this case, Australian dollars) for Hshare, you’ll need to register for an account with ACX.
To sign up for an account on the exchange, enter your email address and create a password, then submit the form. Wait for the confirmation email, then confirm within 30 minutes to complete your registration.
Don't forget to add two-factor security to make sure your coins are protected.
To fund your account with Australian dollars, you’ll need to get verified by providing your identification documents, which must be valid for the next six months.
Verification may take up to five days to complete. You can deposit funds into your account once your identification documents are verified.
Step 2. Deposit funds into your account
When you log into your account, you’ll be taken to your Dashboard. Click on “Funds”, choose the currency (AUD) you will be using, then click “Deposit”. Enter the amount you want to deposit, then click “Submit” to transfer the funds into your account. Note that it may take up to three days for the funds to appear in your account.
Step 3. Buying and selling HSR
After your deposited amount appears in your account, you can buy HSR. To do this, go to the trading page, select HSR from the list of cryptocurrencies, then click the “Buy” button.
Specify the price at which you want to buy and the amount you want to spend, then click “Place Buy Order”.
Note: As mentioned above, most cryptocurrency exchanges do not allow you to exchange AUD for Hshare. On those exchanges, you’ll have to first purchase a major cryptocurrency such as bitcoin (BTC) or Ethereum (ETH) before exchanging it for HSR.
Which wallets can I use to hold Hshare?
The Hshare wallet is available for download from the Hcash website. The wallet supports the following platforms:
- MacOS X
Hshare is also compatible with the Ledger Nano S hardware wallet.
How Hshare works
Hcash is the first public blockchain project in Australia. Once launched, its dual sidechain will connect various blockchains and blockless-based distributed systems, allowing information to pass through these systems. The prospect of integrating separate blockchains that are able to talk to each other is very real based on the Hcash design, as discussed in its whitepaper.
Real world applications for Hshare
Hcash envisions people directly sending and receiving cryptocurrencies from whatever source, whether blockchain or distributed system, using its platform.
Hcash holders will be allowed unlimited transfers of either private-addressed or public-addressed coins through their own wallets. Hcash will also allow bidirectional encrypted communication for private transactions.
What to consider before you buy Hshare
From a high of AUD$53.81 in August 2017, the price of Hshare steadily declined until December, when it again went up to more than AUD$50. As of 18 January 2018, it is trading at AUD$12.28.
After a slow start, the Hcash team has released a steady stream of improvements to its technology since September 2017, when it implemented POW and POS mining systems and launched its test net.
In October 2017, Hcash partnered with Monash University and the Hong Kong Polytechnic University in establishing a blockchain/cryptocurrency lab at the former’s Melbourne campus. The research done at the lab will be used to power the technologies behind Hcash.
Hcash recently announced that it plans to launch its main chain sometime in February 2018.
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