Helium

Pros and cons of Helium (HNT) crypto

Helium Hotspot is an exciting piece of technology. What makes it more exciting is the opportunity to be part of the team and help others see the benefits of this futuristic concept. However, if you are a miner, you might be a little bit disappointed - Helium Hostposts were only available in Austin, Texas for purchase and are now sold out. To buy one, you have to join a very long waiting list and be prepared to wait for months for a chance to buy a piece. 

Furthermore, the product is relatively expensive - for some, $495 might sound like a lot to pay upfront. But those who became the lucky owners are already enjoying rewards. With the right antenna, some claim to mine around 10 HNT per day. 

However, if you are a trader or hodler, you are in luck, as HNT is available for purchase on several crypto trading platforms. If you are looking for a long-term investment, HNT might be the right choice - just in 6 months, the price of a single coin rose from around $1 to $13 and continues to grow. The current market cap of HNT is $1,106,168,682. 

For the fans of staking, there is also an option. You can become the validator and host a validator node. The startup promises very attractive APRs, but to join in, you must have at least 10,000 HNT. 

If you are not the owner of Helium Hotspots but wish to buy some HNT, you can purchase the coins on several cryptocurrency exchanges. Binance and Binance US or less known BKEX, Bilaxy and FTX support Helium cryptocurrency in their ecosystems.

There are tons of cryptocurrency wallet options available on the market, and anyone can find their favorite. But when it comes to Helium, you have a range of tailor-made solutions that not only store your funds but also preserve ownership of hotspots and Data Credits (DC).  

App Wallet

The most straightforward option is an app wallet. If you are an Android or iOS user, you can download one from an app store. The application allows the owner to send and receive HNT and manage their hotspots. However, if you are looking for a more flexible solution, Helium's Command Line Interface Wallet might be a better fit. 

Command Line Interface Wallet

The Helium Command Line Interface (CLI) wallet offers more control over inbound and outbound transfers. There, you can also manage the end-users and OUIs. However, this option is best suited for tech-savvy users, as it might be challenging to understand it initially.  

Ledger Wallet 

For those looking for the top of the line security, the Helium Ledger Wallet is the best variant out of all three. However, while it provides an outstanding safety of your Helium coins, it can only receive and send HNT coins at the moment.