Learn everything you need to know about Harmony or ONE. Also learn how and where you can buy Harmony in 2022.
Cryptocurrency is a digital money that has no physical backing. These coins are only available virtually. Online traders can exchange Harmony to other virtual cryptocurrency coins. Harmony is a digital currency. Unlike other types of money, your Harmony is unique and cannot be stolen by a competitor. The value of Harmony depends on the total supply and demand of the coin. People who solve complex algorithms (known as “proof of work”) earn new Harmony. These people called miners.
The idea behind Harmony is to create a peer-to-peer payment system without the involvement of banks or other intermediaries. Harmony is a form of digital currency that allows individuals to transfer funds directly from one party to another without using a central bank.
Today, in this article, we are going to share how to buy and trade in Harmony. You will also learn Where to buy Harmony securely without any issue.
About Harmony Coin: Price, Rank, and Market Cap
| Price to USD | $0.116533 |
| Price to BTC | 0.0000029549BTC |
| Rank | 69 |
| 24h Volume | $32.7 Million |
| Market Cap | $1.4 Billion |
| Fully Diluted Market Cap | $- |
| All-time high | $0.378715 |
What is ONE and How Does It Work?
ONE is the native asset for Harmony, an “open and fast” blockchain network and smart contract platform capable of running Ethereum based decentralized applications (DApps) with 2-second transaction finality and 100 times lower fees than Ethereum network. Harmony aims to build an open network of nodes called Pangaea, operated and governed by a large community with the vision “For One and For All”. Harmony ONE blockchain utilizes Effective Proof-of-Stake (EPoS) consensus mechanism to reduce centralization while supporting stake delegation, reward compounding and double-sign slashing. Harmony supports all major NFT standards and enables migration of assets from other blockchains using Horizon Bridge. Harmony ONE holders can delegate tokens to existing validator nodes to earn a portion of block rewards for helping secure the network.
Technology behind Harmony (What is ONE )?
Blockchain is the technology behind the all cryptocurrency like Harmony. Harmony is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and and decentralized. So no one can control or manage it.
What is blockchain technology?
A blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using blockchain, user can confirm transactions without a need for a central clearing authority like bank. All your records are saved on decentralized computers in realtime. So no one can manipulate with any information.
Overview on Harmony: The latest Valuation!
The live Harmony price on April 24, 2022 is $0.116533 USD with a 24-hour trading volume of $32.7 Million USD. We update our Harmony to USD price every 24 hours. The current market cap of Harmony is $1.4 Billion.
The value of the coin is 0.116533 in comparision with BTC. The Rank of this coin is 69. Till now, the coin has reached the value of 0.378715.
The total supply of Harmony is 12.636 B and the maximum supply is -. As of today, the volume of this Harmony is $32.708 M. The total market cap of Harmony is $1.473 B.
Step by Step Guide to buy Harmony in 2022
If you are new to Crypto world and want to start trading in cryto coins like ONE then here is a complete guide for you. There are somany platforms that allow buying Harmony and sell Harmony and all platforms and crypto exchanges are secure and safe. But some cryptocurrency exchanges are complex to use for a new users. Coinbase is the trusted place to buy, sell, and manage your digital currency like Harmony, and ETH. If you want to trade Harmony directly, you can do it easily on Coinbase. You will have to pay minor transaction fee.
We will share some best platforms where you can buy ONE easily and also we will share how to buy ONE using your computer or smartphone.
Some cryptocurrencies, like Harmony, can only be purchased with another cryptocurrency on decentralized exchanges. Some coins can only be purchased with Ethereum (ETH) and then use ETH to buy Crypto coins. You have to choose the one that crypto exchange that suits your needs and criteria. Be aware of fee policies, before using it.
Today, Coinbase is one of the most popular and secure decentralized exchange to buy and trade in Harmony on cryptocurrency markets.
Many experts recommanded decentralized exchanges instead of using centralized exchange.
Step 1: Download & Register on Crypto Exchange to buy
If you want to start investing in Harmony or want to buy Harmony then you have to first download Coinbase wallet. Coinbase Wallet is available as a mobile app and browser extension. Download Coinbase Wallet here.
Once you installed Coinbase Wallet on your mobile or browser, open the app and choose username. This username allow you to receive and send crypto.
Step 2: Securely store your recovery phrase
When you create a new wallet, you’ll be given a recovery phrase that includes 12 random words. Note that this key is access to your account. Anyone with this recovery phrase can access all your crypto coins. So keep this private and do not share it. You can also use Coinbase Wallet’s cloud backup feature to save the recovery phrase. If you lost it, Coinbase cannot help you with anything.
Step 3: Buy Coins to Coinbase Wallet
First create a new account on Coinbase. To create new account, just download the app on your mobile or open the official website of coinbase.
1. When app or website opens, click on get started.
2. Enter your basic personal information like email and password
3. Once done, you can access your Coinbase account.
4. Click on Assets and then again click on Explore Assets.
5. Now here search for Harmony then click on Buy.
5. You will need to verify your identify using ID card. Once done, you can easily buy Harmony.
If Harmony is not available on Coinbase, you have to first buy ETH and then trade it with the Harmony.
If you’re using the Coinbase Wallet, tap the Convert. Then Search for Harmony and input the amount of ETH you’d like to exchange for Harmony. Remember to leave enough for transaction fees. Transaction fee is different from one exchange to another.
If Harmony is not available on Coinbase, you can use other Crypto exchanges like Binance, Bitmart, HitBTC, and Kucoin.
Transfer your Harmony to an Altcoin Exchange!
Harmony is a virtual money that can be traded like stocks or bonds. An cryptocurrency exchange is required to buy and sell cryptocurrencies, including Harmony. You can exchange Harmony for cash or other assets. If you want to keep your money safe then exchange your Harmony to stable coins like altcoin or USD Coin.
According to Crypto experts, you should use a popular exchange where you can trade altcoins which has impressive liquidity.
Many crypto millionaires recommend BitMart because it supports many crypto coins and meme coins too.
Below is the list of some popular exchanges where you can buy popular crypto coins and exchange your Harmony for stable coins.
| Exchange | Register |
|---|---|
| Coin Switch | Register |
| Bittrex | Register |
Just register using your mobile number or email address, verify your ID and then start trading in Harmony.
What is Binance?
Binance is well-known for its wide range of trading pairs, which includes cryptocurrencies that most other exchanges consider far too risky for their customers. Binance has its own smart contract blockchain, the Binance Smart Chain, which sets it apart from competitors (BSC). When compared to the Ethereum network, which now has over 5,000 active nodes, the Binance Smart Chain only has 21 validators. Scalability trumps security in this case. You can easily buy Harmony using Binance.
How to Sell Harmony?
If you want to sell your Harmony then here are the steps.
Step 1: First login into your decentralized exchange where your Harmony coin is stored.
Step 2: Click on Buy/Sell in the menu bar.
Step 3: Click on the Harmony coin and choose sell.
Step 4: Choose the amount of Harmony coin you’d like to sell and then Complete your transaction.
Step 5: Confirm the sell price and fees and close your sale of Harmony coin.
FAQs on How & where to buy Stable BTC
Q.1. Is there any option to buy Harmony with cash?
Ans. Unfortunately, you cannot buy Harmony with cash. You can use LocalBitcoins to explore more options if you want to buy Harmony with UPI.
Q.2. Can Harmony be used anonymously?
Ans. Harmony is not anonymous till now. It is because transactions and balance appear publicly on the network.
Q.3. What is the Current Market Price of Harmony?
Ans. Current market price of Harmony as of today is 1.4 Billion.
Q.4. Harmony to USD Price?
Ans. $0.116533
Q.5. What is the Max Supply of Harmony today?
Ans. -
Q.6 Can we buy Harmony coin in Europe?
Ans. Yes, you can use popular decentralized exchanges like Binance or Bittrex to buy ONE.
Q.7 How to Buy Harmony coin in India?
Ans. You can use Coinbase or CoinDCX to buy ONE in India in 2022.
