Harmony (ONE) is one of the many cryptocurrencies that you can trade, and this one has recently seen a great deal of interest. Before looking for the best app to trade Harmony, take a few minutes to familiarize yourself with the cryptocurrency and what it offers.
What Is Harmony ONE?
Harmony is a fast blockchain that is open and designed for collectibles and assets. The blockchain aims to offer a quicker and more affordable alternative to Ethereum. It achieves both of these, thanks to transaction fees that are 100 times less than Ethereum and completed in just two seconds. This two-second time is also the block time, as Harmony finalizes transactions in a single block. By contrast, Ethereum takes six minutes for transactions to finalize, which is 25 blockchains.
In addition to speeding up the transaction time from six minutes with Ethereum to just two seconds with Harmony, the blockchain also has much lower fees. The fee for an Ethereum transaction in dollars is about $0.304, but it is just $0.000001 for Harmony.
Why Should I Exchange Harmony?
As you look at the Harmony trade, you will find plenty of reasons to go ahead and learn where to trade Harmony.
- Harmony relies on sharding to deliver its scalability, security, and decentralization. The platform shares its network nodes and blockchain states. Specifically, every shard features 250 nodes. This helps protect against Byzantine behaviors.
- Harmony has already established itself in the crypto space. The team launched its mainnet in June 2019. Since then, there have been more than 450,000 transactions on more than 30 million blocks.
- Harmony also has a well-thought-out economics model. This includes a maximum annual issuance of 441 million tokens, which is a rate of about 3%. Harmony also burns all of the transaction fees. This offsets its token issuance to help maintain zero inflation.
Harmony Trading Vs. Investing
If you aren’t sure what a Harmony trader and an investor is, you can think of the difference in terms of time. Most people who want to trade Harmony will do so regularly, at least once per week or day. If you invest in Harmony, you buy and then hold on to it.
Those who want to trade Harmony can take advantage of its high 24-hour trade volume. As of June 16, 2021, that volume was $34.19 million. The 24-hour low-high was $0.07865 to $0.08433. While a difference of about $0.06 may not seem like much, it is a lot considering that investing just $100 would get you 1,242 coins at the time of writing.
The best example of the potential for long-term investments in Harmony comes from the peak at $0.2027 on March 27, 2021. Compare this to the price around 14 months earlier on January 1, 2020, when it was just $0.004698. As with trading, the low value of Harmony is to your advantage, as you can purchase tens of thousands of coins for just $1,000.
Where to Trade Harmony
Because it is a cryptocurrency, Harmony does trade 24/7. This gives you the chance to trade the cryptocurrency no matter which time zone you are in. It also means that the best way to trade Harmony will give you 24/7 access.
Most people look for options of where to trade Harmony on cryptocurrency exchange or brokers. There are plenty of options available, with some better than others. The best app to trade Harmony will be intuitive to use and have plenty of trading pairs to choose from.
- Binance – the most famous cryptocurrency exchange, with a high trust rating.
- Huobi – one of the leaders of the crypto exchanges’ world rating, with good performance of trading volumes.
- 7b – reliable and simple crypto broker app.
How to exchange Harmony
To exchange ONE one should use either an exchange platform or a swap. To protect our readers from potential scam, we recommend to use the following services
- Changelly – one of the most reliable services, where more than 170 cryptocurrencies are available.
- HitBTC – an exchange provides various tools for market analysis and trading, as well as the lowest fees.
Pass the following step-by-step instruction to exchange ONE:
Step 1. Log in to your crypto exchange account
Step 2. Search Harmony (ONE) exchange pair
Step 3. Enter the necessary amount of ONE
Step 4. Confirm the exchange operation
Step 5. Receive ONE
How to Trade Using the 7b Crypto Broker App
A great broker for Harmony traders is 7b. As the best broker to trade ONE, 7b offers an intuitive interface and lets you easily trade your Harmony on the go. With the app, you don’t have to worry about the best time to trade Harmony, as you can always trade via your phone.
To trade Harmony with 7b, do the following steps:
- Create and verify a 7b account if you don’t already have one.
- Deposit your cryptocurrency of choice into your 7b account.
- Search for “Harmony” or “ONE” using the search bar.
- Click on the result from the search.
- Select “Buy” or “Sell” under the graph that appears on your smartphone.
- Fill in how much ONE you want to buy or sell and submit the trade.
- Repeat as often as you want.
Is Harmony a good investment?
It is impossible to tell for sure whether Harmony is a good investment. Experts have mixed predictions, but Harmony did increase 700% in March 2021.
How do I invest in Harmony?
The easiest way to invest in Harmony is to use the 7b broker app. You can create an account and use your cryptocurrency to purchase ONE.
How to trade Harmony for beginners?
Beginners should consider trading Harmony with 7b, thanks to the simplicity and intuitive nature of the broker app.
How to buy Harmony cryptocurrency?
To buy Harmony cryptocurrency, simply log in to the 7b broker app and search for “Harmony” or “ONE.”
What is the Harmony blockchain?
The Harmony blockchain offers an alternative to Ethereum with two-second transaction finality and much lower fees.
What will the Harmony coin be worth?
As the analysis of Wallet Investor shows, Harmony (ONE) might be a very beneficial investment, compared to other cryptocurrencies. Within 5 years the price might surge up 4x times.
(not a financial advice)
How can I get Harmony one coin in the USA?
While most of the cryptocurrency brokers and exchanges are not licensed to operate in the US, choosing a right one might be a difficult task.
7b broker recommend to use Binance US, Coinbase or Etoro to buy Harmony in the USA.
What does Harmony one coin do?
The token is used to secure the network, conduct transactions on the network, as well as reward users of the platform.