If you have any interest to buy Hyperion (HYN), you will be required to have either Bitcoin abbreviated as (BTC) or Ethereum (ETH) for trading purposes. I have reviewed the major cryptocurrency exchange Binance in this post to help you determine the best sites to buy cryptocurrency using a credit card or bank account. Take a read and get tips on the best cryptocurrency trading.
Step 1: How to create a Binance account:
1.1 Visit Binance’s Website (https://www.binance.com/en)
There have been several phishing cases reported over the past years that are imitations to the original site, it is essential to scrutinize the URL to the website keenly. First, be on the lookout for the ‘Secure’ certificate that should pop up in your address bar and that acts as a confirmation of the site’s genuineness. Second, to be extra safe while trading on the platform, ensure to bookmark the authentic site to evade any confusion in future searches.
1.2 Fill in your trading details
You have to fill in your details by going to the ‘’Register” tab found in the right-hand corner of the website’s page and fill in your trading details. For instance, you will need to fill in your mobile number or you choose to use your email address. For the email address, it is necessary to use your main email that you can access easily and the most secure one since you will need it to sign in to your Binance account always.
You also need to choose a strong password for your email; a strong password should comprise a mix of numbers, symbols, upper and lower-case letters. You will receive a 6-digit code via the email you provided as your account’s verification code and for completing the registration process.
1.3 Allow 2FA-Two-factor authentication (Optional)
To make your account more secure you need to allow use of a two-factor authentication after your first log in. Trust me; it is vital to set up the 2FA because it makes your account more secure from any hacking activity!
Every time you log in with the two-factor authentication, you will need to provide a unique code once your type in your email and password. To get your unique code, use the Google authenticator app downloaded into your smartphone.
Step 2: Buying your first Bitcoin (BTC)
To send money to your Crypto wallet account on Binance either directly via your bank account through SWIFT money transfer or you can opt to use your debit/credit card. For this part, I will guide you on how to use your credit card.
Binance previously didn’t allow the use of credit or debit cards on its platform, but the same has been introduced. Binance partnered with Simplex to allow its users to use their credit and debit cards to buy Bitcoin or Ethereum. This has led to faster Crypto transaction speeds, low transaction charges, and more transaction flexibility.
I highly recommend buying Bitcoin first and then trading it for the right amount of Hyperion (HYN).
It is easy to purchase Bitcoins via your credit card but I will elaborate on best ways you can do it step-by-step to make sure you understand all the trading nitty-gritty.
- Move your mouse’s cursor to ‘Buy Crypto’ tab found on the top bar and activate the dropdown menu. Then choose the currency, For instance, US Dollars, and click the ‘Credit/Debit Card’ to lead you to the next step.
- You be led to the next page; in this page you will see options to choose the desired Bitcoin (Select BTC), and the amount you need to spend to buy your choice Bitcoin amount. The total amount you need to spend will be displayed according to the Bitcoin amount you request and the matching market price at that time (inclusive of all fees). However, you can choose to first set the total charge then the system will automatically calculate the order amount for you.
- Fill in your credit card details and personal information too. Once done, you need to click “Pay now” and give it a moment to verify your details.
- You will be required to verify your email and phone number if it happens to be your first simplex payment via a code send through your email or an SMS. Complete the verification process by opening the link in your email and type in the code you receive via SMS. Once you do all the above, you can click “Continue”.
- Verification of identity follows next via the use of an official document. Basically upload your identification document photo accompanied by your personal details and click the “Upload Document” tab.
Lastly, your personal document will be approved once verified by the system and an email send to show the confirmation of order purchase. Subsequently, your Binance account is credited with the purchased BTC or Ethereum.
Step 3: Transferring Your Cryptos to an Altcoin Exchange HotBit
Now let us purchase Hyperion (HYN) using your investment from Binance.
But, not every crypto can be traded in Binance we need to transfer our coins to an exchange that Hyperion (HYN) can be traded.
So let me guide you to Hotbit which is a famous exchange to trade altcoins. We will use the link below to register your new account.
If you have completed similar processes as we’ve done before with Binance you are ready to transfer your Bitcoins.
Step 4: Depositing BTC to Exchange
You have to deposit to hotbit once you have created your trading account setup at one of the exchanges that trades Hyperion (HYN), you will need to transfer your BTC from Binance to that specific exchange.
Use your wallet system to do this. Next, move your mouse over to wallet on the top right and click “Deposit”. You have to make sure the setup 2FA in this part. Find “BTC” from Token section and copy the given “Deposit Address”
This part may be difficult to do, it is easier than a bank transfer. But once you copy your unique BTC wallet address go back to Binance.
Then move your cursor to “Wallet” on the right hand side of the topbar and once the popup shows up, click on “Fiat and Spot (Deposit & Withdrawal)”. Look for BTC in the list and click on “Withdraw” on the right hand side.
Next, paste the deposit address you just copied from the other exchange and select BTC as the transfer network. Then type the amount that you want to withdraw (you may click the Max button if you want to withdraw all).
Then click on the Submit button to begin with the withdrawal process. To continue with the withdrawal, Binance may ask you for your 2FA code and also you will have to confirm the withdrawal with an e-mail.
That’s all, now you should wait for a while so that the blockchain to confirm your transaction.
Step 5: Trading Hyperion (HYN)
Now you need to go back to Bitmart to buy Hyperion (HYN) with the Bitcoins you sent.
Then click “Exchange” and you will see trading menu. hotbit trade In the left column make sure to choose“BTC” pair and in the search bar type in “HYN”.
If you have moved your coin click on it and now you will see a price chart of HYN/BTC in the middle of the page. Select the “Market” tab as that is the most straight-forward type of buying orders.
Also you can either type in your amount or choose what portion of your BTC deposit you would like to spend on buying, by clicking on the percentage buttons.
After you have confirmed everything, click “Buy HYN”. You have your own your HYN!
Other Exchanges to Buy Cryptos
The following are other sites you can buy from these exchanges:
HotBit (Which permits US investors)
MXC (This exchange allows US investors)
On top of the above-listed exchanges, there are some more common crypto exchanges where daily trading volumes and a huge user base is available. This helps to ensure that you can sell your coins any time you want and the charges for the trading are not high. It is recommended that you should also register on these exchanges because whenever Hyperion gets listed there it give the traders who have already registered a large amount of trading volumes, that means you will be provided with some great trading opportunities!
Final Step: How to Store Hyperion securely in hardware wallets
1. Ledger Nano S
- Easy to set up and has a friendly trading interface.
- Allows use on desktops and laptops
- Lightweight and Portable too
- Has been designed to Support most blockchains and a wide range of (ERC-20) tokens
- Has many trading languages.
- Designed by a well-established company found in 2014 with great chip security
- It is not expensive but can be acquired at affordable price
2. Ledger Nano X
- It made with a more advanced and secure element chip (ST33) than Ledger Nano S
- Has an easy design that allows the use on desktop or laptop, or even smartphone and tablet through Bluetooth connection.
- Also Lightweight and Portable and has a built-in rechargeable battery
- Has a Larger screen
- Comes with more storage space compared toLedger Nano S
- It supports most blockchains and wide range of (ERC-20) tokens
- Provides several languages for every customer
- It was designed by a famous company found in 2014 with great chip security
- Can be obtained at an affordable price
If you still have plans to stay at hodl” as some people call it, basically misspelt “hold” (which become famous as time passes) your Hyperion for some long time, you need to find ways to ensure it stays safe safe,
However Binance is the most safe cryptocurrency exchange, in the past few years there have been hacking incidents and funds were lost. Because of the design of the wallets in exchanges, they will be accessible always via the internet (“Hot Wallets” as they are called), therefore exposing certain aspects of weaknesses.
Thus safeguard your cryptos by putting them in “Cold Wallets”, where the wallet will only have access to the blockchain(or simply “go online”) when you send out funds,. This reduces the chances of being hacked. For example, use a paper wallet which is a type of free cold wallet. It can also be defined as an offline-produced pair of public and private address and that you write on a paper for keeping safely with you. But, it is not permanent and may be faced by certain risk.
Thus, Hardware wallet is therefore the best compared to cold wallets. Since they are usually USB-enabled devices that can hold the key information of your wallet in the safest manner. Also they are designed using military-level security and their firmware’s are continuously upgraded by their manufacturers and this makes them extra safe to use. For example, Ledger Nano S and Ledger Nano X and are most common hardware wallets, you can buy one at $50 to $100 depending on the specifications they have. I highly recommend these for holding your assets because these wallets are a worthy every penny according to my experience and opinion.
Frequently Asked Questions
Is it possible to buy Hyperion with cash?
The answer is No. Because there is no way you can directly buy Hyperion with cash. But, using marketplaces such as LocalBitcoins to first buy Bitcoin, and completethe rest of the steps by transferring your bitcoin to respective AltCoin exchanges.
How do I Buy Bitcoin from local sellers?
You can go to LocalBitcoins that is a peer-to-peer Bitcoin exchange. It is more of a marketplace where users can buy and sell Bitcoins to and from each other. Users, known as traders, make advertisements to show their price and the payment method they want used. Then buyers buy from the traders to buy from sellers in a particular nearby region on the platform. LocalBitcoins is after all a good place to go to buy Bitcoins when it is impossible for you to find your favorite payment methods somewhere else. The site’s prices are high and you have you have to be extra careful to avoid conmen.
What are the quickest ways I can buy Hyperion while living in Europe?
While in Europe you have the advantage of buying cryptos in an easy and quick way. Because Europe has even online banks which help buyers to simply open an account and transfer money to exchanges such as Coinbase and Coinmama. Such banks which are common as online banks in Europe are Bunq, N26 and Revolut.
Can I use alternative platforms to purchase Hyperion or Bitcoin with credit cards?
Yes you can, you just need to visit Changelly which an easy to trade in site especially when it comes to buying Bitcoin with credit cards. It provides an automatic cryptocurrency exchange that gives a buyer the opportunity to exchange crypto fast and buy them using credit card. It has been designed to allow users to have easy crypto buying since it has a simple user interface and provides instructions that are easy to follow too.
What Is Hyperion (HYN)?
Hyperion is a decentralized map platform that aims to create a unified global data map and services, and make it available for everyone to use. It utilizes a custom-designed Spatial Consensus Protocol to revamp conventional map-making techniques and provide a public utility for anybody who might benefit from it.
The main goal of Hyperion is to enable a global decentralized map economy that is secured using blockchain technology, but retains the speed and low-latency needed from a consensus-driven map provider.
The platform consists of several products including Map3, a new spatial data usage model that provides optimal scalability for maps that are up to 1,000x more performant than older offerings.
Hyperion’s main privacy map application is known as Titan. It offers all the regular features you would expect from a privacy-preserving map software, such as localized positioning directly at the phone level, and cryptographic location sharing (CLS).
Hyperion’s mainnet is known as Atlas, and provides a high-performance spatial blockchain that can support its world-scale map services. The platform is powered by the Hyperion (HYN) token, an ERC-20 asset that can be staked to access Hyperion map features or be used to pay for marketplace services.
Who Are the Founders of Hyperion?
Hyperion was co-founded by Kai Law, Zou Guangxian and Dr. Isaac Zhang.
Kai Law is both the CEO and CMO of Hyperion. He previously worked as the chief operations officer (COO) for Liuxuebao — a platform that provides college admission advice and assistance — and has completed two master’s degrees, one in film management and the other in media and culture.
Hyperion’s CTO is Zou Guangxian, and previously held the role of CTO for 10 years at AiPai — a game video sharing platform in China. He holds a masters in electromagnetic field and microwave technology from the University of Electronic Science and Technology of China.
Last, but not least, is Isaac Zhang, the architect of the Hyperion platform and the current co-founder and CTO of Mapxus, the world’s largest decentralized indoor mapping platform.
In addition to the founding team, Hyperion also comprises a number of early cryptocurrency adopters and experts in the blockchain-based mapping space — including Eric Huang, Hyperion’s COO and an expert in large-scale distributed computing.
What Makes Hyperion Unique?
Hyperion is the only platform that was able to create a global decentralized map economy while remaining highly scalable. The Atlas blockchain is capable of creating massive surface areas and can handle well over 800 billion localization requests per day — putting it on par with some of the world’s leading map data providers.
Some of Atlas’ other unique features include its extremely low latency, which should reduce traveling time, expenses, and missed opportunities for users. It is also a low-cost service focused on privacy, helping users preserve their privacy while accessing location and map services.
The platform is fully interoperable thanks to its cross-chain communication capabilities, while the spatial sharding scheme implemented by Atlas allows it to achieve massive parallelization—giving it impressive throughput capabilities.
The Hyperion team believes they can greatly improve digital maps by leveraging the power of blockchain to host important map-related data on a secure and immutable ledger. Additionally, thanks to trustless verification systems, customers can easily trust the accuracy and validity of data provided by the app.
The platform has 9 planned scaling cycles that aim to scale the network horizontally, helping to grow the number of map3 nodes and enrich the Hyperion ecosystem, by incentivizing user contributions to the service.
Check out FOAM (FOAM) — a consensus-driven map of the world.
Check out XYO (XYO) — a platform that intends to create a blockchain-powered location service.
Learn more about how blockchains work with CoinMarketCap Alexandria.
For the latest news, market updates, tricks, and tips, check out the CoinMarketCap blog.
How Many Hyperion (HYN) Coins Are There in Circulation?
Hyperion has a total supply of 10,000,000,000 HYN.
As of December 2020, close to 317 million HYN are in active circulation — representing less than 3.2% of the maximum possible supply.
A total of 35% of the total supply was allocated to token sales, with 5% for the seed round, 10% for the private sale, and 20% for other rounds. The founders and team are allocated 16% of the total supply with a 4 year vesting period, while 26% of the supply is set aside for incentivizing contributors and growing the network.
In addition, 15% is earmarked for the community and marketing, while the final 8% is for Hyperion’s global developer program.
How Is the Hyperion Protocol Secured?
The Hyperion token is built on top of the Ethereum network, which means it leverages its extensive proof-of-work (POW) network to ensure transactions are completely securely, and without a hitch.
On top of this, Hyperion Protocol’s Atlas platform uses a random membership system based on public cryptographic sortition protocols to resist long-term security attacks and ensure blocks are consistently and reliably produced.
It also benefits from an innovative atomic cross-shard communication mechanism that ensures transactions are either committed or aborted, adding even more security to the network, while preventing bloat. This sharding feature underlies its massive scalability.
Where Can You Buy Hyperion (HYN)?
The Hyperion token can currently be traded on a small handful of platforms, including Bilaxy, Hotbit, BiKi and the Binance DEX. As of December 2020, Hotbit is the most liquid exchange for HYN and there are currently no fiat trading pairs for the token.
If you’re looking to purchase cryptocurrencies with a credit or debit card, check out our simple guide to get started.