Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
Supported assets
5,500+
Where to buy HUSD
It looks like HUSD may not be available to purchase on an exchange in the US.
You can still purchase HUSD 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 HUSD using a decentralized exchange.
- Find HUSD on a decentralized exchange and make sure HUSD can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
- Buy ETH to trade for HUSD using an exchange like Gemini. You will need to purchase enough ETH to swap for HUSD 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 HUSD 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 HUSD 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.
Best HUSD wallets to store your HUSD
You can keep your HUSD on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your HUSD below.
Trezor Model T Wallet
★★★★★ 4
Price (USD)
$219
Supported assets
1,456+
SafePal S1 Wallet
★★★★★ 4
Price (USD)
$49.99
Supported assets
30,000+
Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is HUSD a good investment?
While stablecoins are usually considered safer cryptocurrency assets due to the peg with fiat currencies, they are not risk-free. Here are some factors every investor should consider before purchasing HUSD:- Regulation. The Paxos trust company is regulated by one of the most critical regulatory bodies, the NYDFS. Approval by the NYDFS adds credibility to the token and the associated platform.
- Supply control: Stable Universal, a startup backed by Huobi Capital, is the only entity that can decide the supply of HUSD tokens in circulation. The supply for HUSD expands and reduces based upon demand. There is no cap on the total number of tokens.
- Centralisation: Since Stable Universal is in complete control of the token supply, it adds a certain degree of centralisation to the token’s operations. Centralized projects are often frowned upon by purists in the cryptocurrency community.
- Audits: Stable Universal publishes monthly audit reports. This ensures that the supply declared by Stable is accurate and can be backed by USD held as collateral.
- Competition: HUSD is not the only USD stablecoin available in the crypto market. There are other stablecoins like Tether (USDT), USD Coin (USDC) and Binance USD (BUSD). All of these are still pegged to USD and are used by significantly more people. Wider use means higher liquidity in the market. This may leave HUSD struggling against the competition.
Today's HUSD price versus ATH
Compare today's price of HUSD ($0.04676318 USD) against its all-time high (ATH) price of $1.25 on March 13, 2020. The closer the bar is to 100%, the closer HUSD is to reaching its ATH again.
Current price: $0.04676318
All time high: $1.25
How to buy other cryptos
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance 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 cryptocurrencies discussed.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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