Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Holochain. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a good amount of popular and regulated crypto exchanges, so it’s quite easy finding an exchange that has Holochain. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Holochain in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Holochain in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Holochain, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Holochain.
You can also take a look at our analysis of the cheapest crypto exchanges if you’re curious to know more about the exchanges we would recommend.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Holochain, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Holochain
The final step is to go to their asset list, find Holochain, navigate to the buy section, and then trade your AUD for some HOT. Once you’ve bought Holochain, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Holochain (HOT)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.
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How to Sell Holochain
If you’re thinking about selling Holochain, just follow the steps below.
- Sign in to the cryptocurrency exchange (like Swyftx).
- Click on Holochain in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Holochain for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Holochain in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Holochain with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Holochain. Have a look on their site first, you might be lucky.
How to buy Holochain with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Holochain with your credit/debit card.
Holo is a peer-to-peer distributed platform hosting decentralized applications made with Holochain. This framework makes it possible to develop DApps without the use of blockchain technology. Holo is a bridge between Holochain apps and the wider internet. Holo network members host DApps, creating an ecosystem and marketplace that makes it easy to find DApps.
HoloFuel will be a facilitator for the Holo network. It is currently being tested. This will be used as an accounting system to bill hosts for their services. A token ERC-20 called HOT was issued by the project, also known under the name HoloToken. This token can be used for redemption of HoloFuelâ€™s "IOU" after launch.
Holo is still in development. Holo is expected to launch in open beta testing and alpha testing by 2021.
According to the "greenpaper", Holo was designed to bridge Holochain, which represents crypto technology, and everyday users. It details several innovations that it claims will "enable significant changes in the landscape cryptocurrency applications and currencies," as well as hosting P2P app online for mainstream users.
A number of hosts store and process Holochain-based DApps. Hosts can run software in the background that allocates extra processing power to Holochain-based DApps, or they may own a HoloPort. In exchange for their services, hosts are paid HoloFuel tokens that are specifically designed to facilitate microtransactions. HoloFuel's design will enable the Holo network to process billions of simultaneous transactions.
The project's business plan focuses on the creation of a P2P network for hosts and applications. It compares the impact of app hosting to Uber and Airbnb in the taxi industry, respectively. HoloFuel transactions incur a fee, which means the company's revenue model directly relates to growing the number of hosts or applications on its network.