Last update: Jun 6, 2022

How to Buy Holo (HOT)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Holo. Depending on your country, you’ll have various cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Holo

How to Buy Holo – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a cryptocurrency trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Holo of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency trading platforms.

4. Buy Holo

Now that you have what you need to buy Holo, head over to the market or buy section of the crypto trading platform and buy some HOT.

If the crypto exchange doesn’t have any Holo on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Holo first), and trade your Ethereum for Holo.

Where to Buy Holo (HOT)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Holo

  1. Sign into the exchange where you bought Holo.
  2. Move your Holo to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Holo.

 

Crypto trading

How to Buy Holo (HOT) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Holo in Australia, the process remains the same:

  1. Find a cryptocurrency trading platform below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Holo if it’s available. If the exchange doesn’t have Holo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Holo), and trade your ETH for Holo.

You can also take a look at our analysis of the easiest crypto exchanges in Australia If you’re looking to learn more about the exchanges we would recommend.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Holo (HOT) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Holo in Canada, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Holo if it’s available. If the exchange doesn’t have Holo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Holo), and trade your ETH for Holo.

Or, if you’d like to learn more about the exchanges we recommend, look at our list of the cryptocurrency exchanges in Canada.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Holo (HOT) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Holo in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Holo if it’s available. If the exchange doesn’t have Holo. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Holo), and trade your ETH for Holo.

Alternatively, if you want to learn more about the exchanges we prefer, read our comparison of the best bitcoin brokers in the UK.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Holo? HOT Rundown

Holo is a peer to-peer distributed platform that hosts decentralized applications created using Holochain. This framework allows for the development of DApps and does not require the use blockchain technology. Holo serves as a bridge between apps created using Holochain and the wider internet. It offers an ecosystem and marketplace where DApps can be easily found, since they are hosted by Holo network participants.

HoloFuel will facilitate the Holo network. It is currently being tested . HoloFuel will act to pay hosts for their services. The project created an ERC-20 token called HOT, also known as HoloToken. This "IOU" will be redeemable for HoloFuel at launch.

Holo is still in development . Holo is expected launch for open beta and alpha testing by 2021.

According to the "green paper", Holo was designed as a bridge between Holochain (which represents crypto technology) and everyday users. It highlights several innovations it claims will "enable large changes in the landscape of cryptocurrency applications and currencies," including the possibility to host P2P app on the internet for mainstream users.

A number of hosts provide storage as well as processing power for Holochain-based DApps. The hosts can either run software that runs in the background to automatically allocate extra processing power for Holochain-based apps, or they may own a dedicated machine like a HoloPort. Hosts are paid in HoloFuel (a token specifically for microtransactions) in exchange. HoloFuel's design is expected so that the Holo network can process billions of simultaneous transactions.

The business plan for the project focuses on creating a P2P network of hosts and apps. It compares its effect on app hosting with Uber's and Airbnb's on the taxi and hotel industry, respectively. Holo has a fee for HoloFuel transactions. This means that its revenue model is directly linked to increasing the number of apps and hosts on the network.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.