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How to buy HedgeTrade (HEDG)
Learn how to buy HedgeTrade (HEDG) easily by following a step-by-step guide and comparing 10+ crypto exchanges.
Where to buy HedgeTrade
It looks like HEDG may not be available to purchase on an exchange in the US.
You can still purchase HEDG by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.
Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.
How to purchase HEDG using a decentralized exchange.
- Find HEDG on a decentralized exchange and make sure HedgeTrade can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for HEDG using an exchange like Gemini. You will need to purchase enough ETH to swap for HEDG as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
- Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
- Trade ETH for HEDG on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
- Wait for the transaction to finalize and the HEDG tokens will arrive in your wallet.
- You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.
You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.
What to consider when buying HedgeTradeCryptocurrencies are complicated and highly volatile assets. Trading HEDG or any other digital currency comes with a high level of risk attached, so it’s essential you do your own research before buying any tokens.
- If you’re thinking of buying HEDG, some of the factors you may want to consider include:
- White paper. For more information about the tech behind HedgeTrade and how the platform works, check out the HedgeTrade white paper.
- Availability. HedgeTrade tokens were only available on a handful of exchanges at the time of writing, but they can also be purchased on the HedgeTrade platform. It’s worth considering whether the lack of widespread availability of HEDG will have an impact on the uptake of the tokens.
- Competitors. HedgeTrade isn’t the only cryptocurrency project focused on social trading, so be sure to consider whether it will face competition for users from other platforms. eToro and Coinmatics are just a couple of examples of other social trading platforms you may wish to research.
- Supply. The total supply of HEDG is 1 billion tokens. According to CoinMarketCap data at the time of writing (April 2021), approximately 35% of those tokens were in circulation.
How to sell HedgeTrade
You can cash out your HEDG with the same exchange you bought it through:
- Sign in to the exchange you have HEDG on.
If you store your HedgeTrade in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of HEDG you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of HedgeTrade.
Disclaimer: Cryptocurrencies, including HedgeTrade, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HEDG 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 HedgeTrade or any other cryptocurrency discussed.
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