Where to Buy Humaniq (HMQ) – A Guide for Beginners
Humaniq is a cryptocurrency that aims to provide financial inclusion and empowerment to the unbanked and underprivileged populations of the world. Humaniq uses a mobile app that leverages biometric identification, blockchain technology, and artificial intelligence to offer a range of services such as peer-to-peer payments, microloans, insurance, and social networking. Humaniq also has its own native token, HMQ, which is used to fuel the network and reward users for their participation.
If you are interested in buying Humaniq (HMQ), you might be wondering where and how you can do so. In this guide, we will explain the steps you need to follow to purchase HMQ in a simple and secure way.
Step 1: Get a Coinbase Wallet
The first thing you need to do is to get a self-custody wallet that supports HMQ. A self-custody wallet is a type of wallet that gives you full control over your private keys, which are the passwords that allow you to access your funds. One of the most popular and user-friendly self-custody wallets is Coinbase Wallet, which is available as a mobile app and a browser extension.
To get Coinbase Wallet, you need to download it from the App Store or Google Play Store if you are using a mobile device, or from the Chrome Web Store if you are using a desktop browser. Once you have installed the wallet, you need to choose a username and securely store your recovery phrase. The recovery phrase is a set of 12 random words that acts as a backup for your wallet in case you lose your device or forget your password. You should never share your recovery phrase with anyone, as it can grant access to your funds. You should also use Coinbase Wallet’s cloud backup feature to protect your wallet from data loss.
Step 2: Buy Ethereum (ETH)
The next step is to buy some Ethereum (ETH), which is one of the most widely used cryptocurrencies in the world. ETH is required to pay for the network fees when you swap it for HMQ later on. You can buy ETH with fiat money (such as USD or GBP) on Coinbase, which is one of the most trusted and regulated cryptocurrency exchanges in the world.
To buy ETH on Coinbase, you need to create an account and verify your identity. You can then link your bank account or debit card and purchase ETH with your preferred payment method. You can also use Coinbase’s recurring purchases feature to automate your ETH buying at regular intervals.
Step 3: Transfer ETH to Coinbase Wallet
Once you have bought some ETH on Coinbase, you need to transfer it to your Coinbase Wallet. This will allow you to swap it for HMQ in the next step. The way you transfer ETH to your Coinbase Wallet depends on whether you are using the mobile app or the browser extension.
If you are using the mobile app, you need to tap on the QR code icon on the top right corner of the app and scan the QR code that appears on your Coinbase Wallet app. You can then enter the amount of ETH you want to send and confirm the transaction.
If you are using the browser extension, you need to click on the “Send” button on your Coinbase account and enter your Coinbase Wallet username or address. You can then enter the amount of ETH you want to send and confirm the transaction.
Step 4: Swap ETH for HMQ
The final step is to swap your ETH for HMQ on Coinbase Wallet. You can do this by tapping or clicking on the “Swap” icon on the Assets tab of your wallet and selecting “Choose asset” and “Humaniq”. You can then input the amount of ETH you want to exchange for HMQ and confirm your purchase.
Congratulations! You have successfully bought Humaniq (HMQ) on Coinbase Wallet. You can now use your HMQ to access the various services offered by Humaniq or hold it as an investment.
Alternative Ways to Buy Humaniq (HMQ)
If you prefer not to use Coinbase Wallet or want to explore other options, there are some alternative ways to buy