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How to buy Hector Network (HEC) in the UK

Learn how to buy Hector Network (HEC) in our step-by-step guide.

Where to buy Hector Network in the UK

It looks like HEC may not be available to purchase on an exchange in the UK.

You can still purchase HEC by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Fantom and allow users to trade any asset directly with one another.

Decentralised 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 decentralised exchanges first if you're unfamiliar.

How to purchase HEC using a decentralised exchange.
  1. Find HEC on a decentralised exchange and make sure Hector Network can be traded for FTM which is the native asset of Fantom. The most popular DEX on Fantom is Spookyswap.
  2. Buy FTM to trade for HEC using an exchange like CoinJar. You will need to purchase enough FTM to swap for HEC as well as FTM to pay for transaction fees on the Fantom network (known as gas). Gas fees on Fantom cost a fraction of a cent.
  3. Transfer the FTM into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade FTM for HEC on the DEX of your choice, following the instructions on screen. Make sure to leave enough FTM in your wallet to pay for gas.
  5. Wait for the transaction to finalise and the HEC tokens will arrive in your wallet.
  6. 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 UK.

Best Hector Network wallets to store your HEC

You can keep your HEC 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 HEC below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is Hector Network a good investment?

Cryptocurrencies are highly speculative assets that come with a range of risks. As a result, all altcoins should be thoroughly researched before any investment is made. Potential investors of HEC may want to consider the following:

  • Ambitious ecosystem: Hector Finance offers a vast range of services and products. Although on their own the products and services are not unique, all services and product are offered under a single roof which makes Hector Finance an all encompassing platform. The expansive range of features could help to attract users to the ecosystem and keep them within the ecosystem instead of drifting over to competitors. However, having too many subprojects may also deter from the quality and execution of the protocol. Future investors should test to see if all aspects of the ecosystem are competitive with industry equivalents.
  • Deflationary token: HEC is the native token of the protocol and the first-ever deflationary rebase token. It allows its holders to stake and earn generous rewards with an attractive annual percentage yield (APY). The staking mechanism creates scarcity through buybacks and burns, and thus it is also responsible for controlling token supply.
  • Audited: Hector Finance has been audited by Certik. Fortunately, no key issues were found during the report. Although an audit of smart contracts does not guarantee that the protocol won’t incur issues, the audit may provide some comfort to future investors. The full report can be found within Hector Finance’s documentation.
  • Future vision: In the future, the protocol hopes to add Hector NFT, Hector Launch, Hector University, and Hector Pay to its subproject lineup. Having a forward vision is encouraging to see from a project, but the project will need to execute this vision accurately to ensure it remains competitive within the Fantom ecosystem.

Additional information about Hector Network can be found using our HEC analysis tools.

Today's Hector Network price versus ATH

Compare today's price of Hector Network ($4.03 USD) against its all-time-high price of $357.61 USD on 21 November 2021. The closer the bar is to 100%, the closer HEC is to reaching its ATH again.

Hector Network's price: $4.03
ATH date: November 21, 2021
1.13%

Hector Network ATH: $357.61


How to trade, convert or sell Hector Network

You can convert or sell your HEC with the same exchange you bought it through:
  1. Sign in to the exchange you have HEC on.
  2. If you store your Hector Network in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of HEC you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Hector Network.
  6. Complete your transaction and move your HEC to a wallet for storage.
  1. Data by CoinGecko

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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