In this guide you’ll get information about where to buy HitChain, if you are planning to buy HIT token – You’re in the right place!
HitChain is created as a platform to honor, respect, and reward developers. That’s why it is claimed to be a decentralized (and incentivized) platform focusing on developer community protocol. It is created by developers and intended for developers. There is a major reason why this platform is created as an autonomous (network) developer community for projects and collaboration. We live in the era of sophisticated technology. We owe it to the engineers and IT developers. Unfortunately, these developers are often unrecognized and under-appreciated.
HitChain is created as a collaborative community to value those developers’ efforts and works. The platform is about implementing blockchain technology to focus on transparent credit system. Developers would be rewarded for their creativity and innovation, and the platform will make sure that the system would redeem their efforts automatically. The rewards are in the form of privileges (or currency right) or compensation (or currency value). The platform is about fairness, transparency, democracy, and autonomy without centralized supervision and (third-party) intermediaries.
- Official website: https://hitchain.org/index.html
- Twitter: https://twitter.com/HitHub_official
- Telegram: https://t.me/HitHub_EN
- Whitepaper: https://hitchain.org/pdf/HitChain-Whitepaper-en.pdf
Table of Contents
HitChain (HIT) Features
- Hybrid chains infrastructure. Unlike other blockchain architectures that are prone to scalability and slow response issues, the one in HitChain is constructed on public chain that has combination of zero-latency response, distributed hosting system, and high-frequency concurrent so the platform doesn’t have to deal with such issues.
- High Concurrency Asynchronous Execution. The platform is using double chain parallelism that would verify main chain’s integrity, plus, maintaining the shading chain’s flexibility at the same time. The main chain would be the traditional (chained) structure while the shard one is DAG data structure.
- Classified Dynamic Ledger. This is the technology that is the blockchain’s core component that has a crucial role in transactions (and information) transparency and integrity.
- Double Consensus Parallelism Mechanism. The platform has uses dual consensus mechanism for the public chain and the shard chain, consisting of the PBFT (Practical Byzantine Fault Tolerance) and DPoS (Delegated Proof of Stake).
Where to Buy, Sell and Trade HitChain aka HIT
You can basically use debit card, credit card, or even PayPal to buy the HitChain (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the HitChain as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin or Tether first. After you get the ETH or BTC or USDT, you can convert it to HitChain. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum (ETH), Bitcoin (BTC), or Tether (USDT).
- Find a crypto exchange that supports HitChain currency and exchange your Ethereum / Bitcoin / Tether with the HitChain
- Store your HitChain to a secured wallet
That’s the first step in buying HitChain, once you get your Bitcoin or Ethereum or Tether, you can continue to the next step.
Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH or USDT from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH or USDT with HitChain:
Binance is the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.
- Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
- Trading Pairs: 1189+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to any of the above, find the HIT/BTC or HIT/ETH orHIT/USDT trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Tether.
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your HitChain (HIT) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy HitChain (HIT) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the HitChain. You can use LocalBitcoins to find Bitcoin or Ethereum seller who accept paypal as payment.
Can I Buy HitChain (HIT) with Cash?
You can’t buy it directly, you need to get BTC / ETH first. buying Tether with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells BTC / ETH and accept cash.
Can I Buy HitChain (HIT) with Skrill?
You can’t buy HIT directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to HitChain. You can buy BTC/ETH with skrill by using these exchanges::
- LocalBitcoins
- Paxful
- Virwox
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy HitChain (HIT) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair HIT/BTC and begin the transactions.
Can I Buy HitChain (HIT) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support HIT/ETH trading pair.
What Is the Best Payment Method to Buy HitChain (HIT)?
The cheapest way is to use bank account to buy Tether (USDT) first or to buy the HitChain right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect HitChain (HIT)?
Once you have purchased the HitChain, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell HitChain (HIT)?
Find a crypto exchange which allow pairing HIT with USDT – convert it back to Tether, then sell your Tether for a fiat currency.
Can I Mine HitChain (HIT) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a HitChain is to buy it from a reliable exchange.
Conclusion
It’s a great thing that there is an exclusive and dedicated platform for developers. What makes it interesting is the fact that it is created by developers and intended for (honoring) developers, while rewarding and incentivizing them at the same time. It’s interesting to see that such a respectable platform is created for the global community of developers to honor their works, efforts, and innovations. Those who want to join the platform are advised to buy HitChain (HIT).
