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How to buy Hydra (HYDRA)
Learn how to buy Hydra (HYDRA) in our step-by-step guide.
Hydra (HYDRA) is in the top 1,000 cryptocurrencies by market cap, valued at $29,978,628.
Hydra is a highly volatile asset capable of major price swings in a single day. Today HYDRA is trading for $1.86, which is slightly down from yesterday's trading price of $1.91. Hydra's seen a decrease of -79% over the past year.
So before you buy Hydra, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can use to buy Hydra.
How to buy Hydra in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
Compare crypto exchangesThe easiest way to buy Hydra is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an accountTo create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a depositOnce verified, you can deposit USD using the payment method that best suits you – cryptocurrency, card and bank payments are widely accepted.
Buy HydraYou can now exchange your funds for Hydra. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Hydra to your personal wallet.
Where to buy Hydra
Find an exchange to buy, sell and trade HYDRA by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
How we keep this Hydra guide up-to-date
- HYDRA price data is regularly updated through data feeds so you always have the latest information.
- Hydra performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.
- Key information on coins and how to buy them is regularly reviewed by our editorial team of James Edwards, Frank Corva and Billy Endres.
- Our coin coverage and exchange information is regularly reviewed by our publishing experts Louise Vinciguerra and Molly Wiltshire-Bridle.
How do I find the best places to buy Hydra?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
What will I need to buy Hydra?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Hydra.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing HYDRA with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
What are the best ways to buy Hydra?
Once you've created an account, you will need to deposit funds to buy HYDRA with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy HYDRA:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase HYDRA by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for HYDRA on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Hydra?
The easiest way to buy HYDRA is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Best Hydra wallets to store your HYDRA
You can keep your HYDRA 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 HYDRA below.
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 Hydra a good investment?
Cryptocurrencies are highly speculative assets that come with a range of risks. It is, therefore, crucial to fully evaluate both a token and its associated protocol or application. Before investing in HYDRA here are a few factors to consider:
- Innovative solution to inflationary/deflationary debate:As with most cryptocurrencies, the prospect of inflation within token supplies warrants intense scrutiny. The team at HYDRA has created an interesting solution to this problem. By burning all transaction fees, Hydra can offer a predictable economy that also incentivises users to become stakers and/or validators within the network. The fear of price reduction from inflation is removed.
- Team: The team behind HYDRA have many years of experience in both the financial and blockchain industries. Both founders, Nikola Alexandrov and Hristo Tenchev, previously helped to create companies within the cryptocurrency space, including Bitcoin7 exchange, which - at its height - was the third-largest cryptocurrency exchange by daily volume.
- Layer-1 competition: Although the Hydra chain promises a predictable economy for users and decentralized application (dApp) developers, the blockchain will still need to compete with all other layer-1 blockchains that currently exist within the industry. Hydra will need to take market share away from blockchains such as Ethereum, Solana, Avalanche, and Fantom. Potential investors of HYDRA should pay close attention to the number and quality of dApps that are being developed and that are launched within the ecosystem.
Today's Hydra price versus ATH
Compare today's price of Hydra ($1.86 USD) against its all-time high (ATH) price of $51.99 on April 03, 2021. The closer the bar is to 100%, the closer HYDRA is to reaching its ATH again.
How do I trade, convert or sell Hydra?You can convert or sell your HYDRA with the same exchange you bought it through:
- Sign in to the exchange you have HYDRA on.
- If you store your Hydra in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of HYDRA you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Hydra.
- Complete your transaction and move your HYDRA to a wallet for storage.
Get started with crypto
Crypto exchanges and wallets
Learn 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.
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