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Check out our guide on how to buy HEX and you could be set up in minutes! You'll find everything you need to know and and at the top you will find it summarized step-by-step.

"It’s the world’s first blockchain CD that attacks the largest market in the banking ecosystem outside of savings accounts”
-Richard Heart, inventor of HEX

During the 350 days of the launch period, there is a possibility for bitcoin holders to get free HEX, simply by having BTC in their wallets.

1. Wallet for ETH and HEX

A wallet in the world of cryptocurrencies differs a lot from the one you carry in your back pocket. It doesn’t contain any money at all, only information about your money. However, it serves the same functions. Just as using your regular wallet, you pull it up when you want to make a transaction, you tuck it away when you’re done, and you keep it as safe as you can – out of reach of pickpockets and secure enough, so you don’t lose track of it. But the big difference is that your crypto wallet is AES-256 encrypted, which has never been hacked. You can access it from every corner of the world as long as you have Internet.  You even have backup protection if you lose it – a twelve-word code is all you need to restore it.

How is this possible? The biggest difference between your ordinary wallet and a crypto wallet is that the crypto wallet doesn’t contain any money – at all. It simple contain information about your money and lets you receive, send, and check the status of your money. Wouldn’t that make it possible for anyone to access that information? Well, no. Let’s get a little technical to explain this.

Unlike the real-world financial system that uses a middleman (banks) to keep track of the transactions made, the blockchain technology doesn’t need a third-party keeping track. It allows peers to connect and make transactions directly to each other with the use of decentralized nodes using cryptography. Basically, it’s a chain of computers, each with its own copy of the same ledger. All the involved parties must approve that the transaction is accurate for it to go through. This operation of processing transactions for approval is also known as mining, and serves as the incentive for people to provide the blockchain with the data-processing power to run it. For each processed block (a set number of transactions), the miners get a small fraction of a bitcoin. The same process also ensures that a bitcoin is never spent more than once.  Since the ledger copies are constantly being checked against each other, it’s ridiculously hard (it’s never been done, and probably never will be) to falsify a transaction.

Wouldn’t this mean that everything is out in the open and nothing is anonymous since the ledgers are being checked all the time? Well, yes and no. A common misconception about blockchain is that the transactions are anonymous, and that couldn’t be more wrong. Every transaction is open for everyone to see and review. However, it’s impossible to look at a transaction and, from that data, find out who the people are that were behind it. This is because a wallet contains two addresses, or keys, the public key and the private key. You could say that the keys both go to the same wallet, but you can’t tell the private key from the public key, and in a transaction, you never give out your private key, only the public. So, the transactions made with public keys are in the open, the private key is not.

To summarize, you make a wallet and get two addresses; the public key and the private key. When you buy cryptocurrency with real-world money, you send it to your private key’ When you want to make a transaction with anyone, for instance, to buy HEX, you only show your public key. And it’s all encrypted on a decentralized network that keeps track on the transaction and makes sure no one tampers with it.

WHAT WALLET SHOULD YOU CHOSE?

There’s a lot of different wallets out there, and they’re basic functionality is the same, but they come with multiple ways to execute it. There are two types of wallet, physical and software. The physical ones are more secure and often need you to connect a USB-dongle to be able to access your wallet. And yes, they are, in our opinion, the best option. BUT they cost quite a lot of money, and the security level of a regular software wallet is generally good enough, especially if you are just starting out.

We ourselves use BRD, a highly regarded, free and independent wallet that installs on your phone, making it super accessible. It’s free, fast, reliable, and on your phone! Follow the steps below to get the app and free crypto wallet.

​​

  1.  Go to App Store or Google Play on your phone and download BRD.

  2.  Open up the app and press “get started” – read through the three intro pages (they are short).

  3.  Choose your six-digit password and be sure to make it one you remember. It’s the one you will use to access your wallet, and it is needed every time you open the BRD app.

  4.  Ready yourself to write down a twelve-word sentence. It’s used to restore your wallet if you lose your phone, get a new one, or simply factory reset the one you have. The words need to be written down in the exact same sequence as they are presented.

  5.  The words are case sensitive, so make sure to only write down lower case letters.

  6.  Press “Word key,” put in the same six-digit code you made the step before, and follow the on-screen guide to load the twelve words.

  7.  The last page is a control page where you are to put in two words; for example, the eight and the eleventh.

  8.  Now you are done!


You now have access to your own crypto wallet; congratulations! As the wallet sits now, it’s totally empty, and you need to fill it with cryptocurrency, but we will get to that. Now that you have the wallet, we will look at how you set up the browser add-on.

2. MetaMask

Now that you loaded a crypto wallet that can hold cryptocurrencies like ETH, you need a way to convert your ETH to HEX. In order to be able to do this, you need an add-on for your browser. This add-on is called MetaMask. This add-on is not linked to the HEX project specifically and can be used for numerous different things.

What is MetaMask?

It is basically a crypto wallet (read more about wallets here) for tokens, and it acts like a bridge that allows your browser to run Ethererum dApps without going through the hassle of being an Ethereum node yourself. It works like a charm and doesn’t affect your browsing performance at all, at least not that we notice. Although we highly recommend using the Brave browser when surfing the web, we find that MetaMask works best with Google Chrome, but it’s also available for Firefox, Brave, Opera, and is soon to be released to iOS and Android. Once installed, you need to make a wallet (or account) to be able to convert your ETH to HEX using the adoption amplifier. Using MetaMask is simple, and we will cover how to use it when converting ETH to HEX later, but in short, you sign in to your account, and from there, you can interact with a lot of the DApps out there, like HEX or Uniswap.

Set-up guide

Go to the official MetaMask website, MetaMask.io, to install the add-on using these ten steps.

  1. Click the big “GET CHROME EXTENSION,” and you will be sent to the Chrome Web Store.

  2.  Click the “Add extension” button on the right

  3. Click the white box “Add extension” on the pop-up window, and a new pop-up window will let you know when it’s done.

  4. Now you will be sent to a new tab, and an on-boarding guide will start when you click “get started.”

  5. Since this is your first time using MetaMask, click Create a wallet, click either “no thanks” or “I agree,” it doesn’t really matter for the sake of the use of MetaMask. We usually always click no on any data collection alternative.

  6. Choose your password. This is the one you will use to access MetaMask when converting your ETH to HEX using the adoption amplifier, so make it a good one and remember it! Check the box.

  7. This stage is a very important one! You will now get a set of twelve words that you want to keep very safe. It’s what is known as a backup phrase, and you will want to write this down for safekeeping. Read more about the backup phrase on the wallet-section of the guide if you would like more details.

  8. Click the grey box to reveal the words, copy them to Word/notepad or write them down on a piece of paper. It is very important to copy them in the same order they are presented. Click "next".

  9. Now click the words in the exact order they were presented on the last page and press “confirm.”

  10. You are now all set up. 

 

Congratulations, you are now one step closer to be able to transform your ETH to HEX! But for now, we will leave MetaMask and go over to look at exchanges that provide ETH. But just for the fun of it, you could go to the HEX official website to check out the adoption amplifier. As mentioned, the adoption amplifier is the HEX project's own way to convert your ETH to HEX. Log in to MetaMask and poke around a bit, getting a feel of the website.

3. Acquiring ETH

Since you need to transform ETH to HEX, you will have to go to an exchange to buy the ETH. There are a couple of exchanges that are proven secure and safe, and that’s what you need. You’re not one of does guys that exchanges your money with scammers on the street when you are on vacation, are you?

We recommend Safello if you are European due to its simplicity and use of standard European methods of payment. For all other countries, and also from Europe we think Kraken should be your go-to exchange. It’s one of the biggest and oldest exchanges out there. Either one is great to get your ETH, so you can be set up to transform it to HEX. There are a lot of other exchanges out there, and many are serious, but we always take safety and security seriously when exchanging our own crypto, and we think that you should too.

 

The risk of using a bad exchange could be numerous things:

-        Uncompetitive and arbitrary exchange rates

-        Hidden terms and conditions in the fine print, making it more expensive than it looks

-        Unreliable support if anything goes wrong

-        If you are really unlucky, not giving you the crypto when you paid for it.

In regard to the above, choose your exchange wisely, and all we can say is to do your research, and that Kraken and Safello are the ones we use.

Be sure to add a small amount extra than you are planning to invest in HEX since you need to pay some small fees (known as gas fees) when sending ETH and transforming it to ETH. The fee goes to the developers of the different software and is needed to keep the platforms running safe and updated. You are always be able to see how much the fees are before clicking send.

4. Transform ETH to HEX

The whole foundation for the HEX token is that people transform their ETH for HEX and then stake it in return for interest. Staking means letting the project hold your token for a period of time and rate of interest that you choose.  So, yes, you need to transform your ETH, at least if you want to take part. You can, of course, transform it back to ETH again, but if you obtain HEX and do not stake it, you are kind of missing the point of it all.

Just be aware that HEX is still in the launch phase and will be until November 2020, so then it is hard to speculate about the final value of HEX at this point. However, the price of your HEX in this phase based on two things: How many ETH that is transformed and how many bitcoin holders claim their free HEX. You should know this by now, but everyday 500,000,000 new HEX is up for grabs at the adoption amplifier, and you get a set amount of HEX per ETH, depending on how many ETH people are putting into the project. So, if you are the only one putting in 1 ETH, you get 500,000,000 HEX that day, and if there are 499 other people putting in 1 ETH to the pool, and you put in 1, you get 1,000,000 HEX that day. If this is the first time you hear about this, we urge you to read our article, What is HEX? or go read up on the official HEX website.

As you might know, the pool is open for twenty-four hours before it closes, so if you put some ETH into it, it could be a while before you know how much HEX you get, depending on when you put it in. But you will be able to see that a transaction is on the way directly after you started the transformation process.

 

Exploring the Adoption Amplifier

As you can see on the adoption amplifier, it’s pretty straight forward. The landing page is the transformation lobby, and this updates regularly. You can check the output of each day on the list, and on the top of the list is today’s pool. Furthermore, you see how long is left for today’s HEX pool to close, and a lot of other relevant data. On the top of the page, you will see five links, and you will want to take a look at the ones named “transfer,” “stake,” and “transform” first. These are the most important ones for getting started, and the other two are basically where you can claim free HEX if you have Bitcoin (named “Claim”). and the other one provides you with a referral link to spread the word of HEX to others (named “Refer”).

Stake is the location where you can stake your HEX in return for interest, and this is the most important place on the adoption amplifier. Here, you can experiment with different parameters to get a notion on what the return could be. Note the “big payday” parameter; this is an important one to take into consideration when setting your stake-strategy. If you haven’t read our article, What is HEX? this is a good time to do it. Basically, the big payday is at the end of the launch-phase, where everyone staked over that date gets to share in the remaining HEX not claimed by bitcoin-holders. We’ll get back to how you stake HEX a bit below, but now let us tell you how you could get an extra 10 % HEX every time you transform ETH to HEX. It’s totally legit, free, and with no hassle at all.

How to transform and get 10 % extra HEX for free

It’s simple. Just use one of our links on this website (like this one, or the button on top) to go to the adoption amplifier, where you transform your ETH to HEX, and when you transform 10% extra HEX will automatically be added to your account, absolutely free and safe. It’s great!

So why are we telling you this? HEX uses a referral program which is great. Why, you ask? Well, it’s an incentive for the HEX community to spread the word about HEX and getting more people involved in HEX. And if more people get invested in HEX, there is a good chance that the value of HEX rises. The referral program gives the one referred 10 %, and the referrer a percentage as well, benefiting all. Once you have completed all the steps, you can get your own referral-address that you can share or give to someone you know that wants to get invested in HEX, and he will get 10 % free HEX, and you will also get a kickback.

-        Visit the adoption amplifier (yes, that’s a 10 % extra guaranteed link)

-        Log in to your MetaMask account (click the fox on the top right of your browser).

-        Simply use this link to go to the Adoption Amplifier

-        Go to the “transform” page

-        And enter your ETH in today’s pool.

-        When you Exit the pool after it is closed, you get 10 % more HEX than you would otherwise!

5. Stake HEX

Now that you got some HEX on your MetaMask account, it’s time to figure out a strategy for staking. Or well, you don’t need to really, but it’s always fun to try to get the most out of an investment. There are all kinds of strategies you could use, but we are not going into any of that, simply because we don’t aim to give any financial advice. But you should take into consideration the different bonuses (like bigger is better) you find on the official HEX website. And yes, you should really look in to the big payday bonus mentioned above.

First of all, you should experiment a bit with different figures at the adoption amplifiers stake site just to get a feel of what kind of interest you can expect. Staking for different periods of time gives different results, and so does staking different amounts of HEX.

-        Go to the adoption amplifier and click on Stake on the top of the page.

-        Set the period of the stake in days

-        Set the amount of HEX you want to stake for that period of time

-        Press Stake (Note that this will lock the transaction, and especially not we are not trying to provide           you financial guidance, only how the systems will operate). 

-        The processing time could be kind of slow, so don’t lose patience and don’t try to update the  d                      browser. We been through that and in the end (usually a couple of minutes) your Stake will be                      done, and begin a new phase of processing.  

-        You now see a new line on the bottom of the page, but you can’t see any data on it. That’s basically              because it’s not processed yet, so check back later to see how it’s going.

-        Now you’re done!

Be sure not to set a period of time longer than you will want to wait. You can end the stake period prematurely, but it will cost you greatly do so. Be sure to check the penalties on the official HEX website.

6. Uniswap and HEX

This isn’t really the time you would be planning to do this since it’s still in the launch phase, and you will probably not earn much by doing this if any at all. But it can be done; the smoothest way to do this right now is using Uniswap, but there are other ways as well. The longer the project goes on (and probably after the launch phase) more and more ways will surface, and we will be sure to keep hexfordummies.com updated. Last time we checked, HEX was listed on eleven different exchanges, but as you know, it’s still early, and if you want just to try to swap back and forth, we suggest you use Uniswap.

Uniswap is a decentralized exchange using the power of the community to let people swap tokens and coins back and forth for a just a small fee of 0.3 % of the amount swapped. Uniswap differs from traditional exchanges, as it does not hold any tokens or coins itself. It allows the community to lock in their coins/tokens for a period of time, and then get a percentage in interest returned. This is how Uniswap get the liquidity and enables others to swap their coins/tokens. The upside of this is that there is no middleman that can simply run away with all the coins, like an exchange could possibly do. Also, the service is super fast.

Simply go to Uniswap.io (or use hexdex.win, to always be sure it’s up to tune, supported by the official HEX website) and select the tokens you want to swap, in this case probably HEX to ETH. Connect to your MetaMask account and click swap! It really is that easy. When we used this, it normally takes less than a minute for the ETH to appear in MetaMask.

From MetaMask you can simply send it to your regular BRD wallet and go to any of the trusted exchanges (like Kraken) to sell your ETH for dollars, euros, or whatever your nation’s currency is.

7. Sell ETH

One of the smoothest way to do this right now is using Uniswap, but there are other ways as well. The longer the project goes on (and probably after the launch phase) more and more ways will surface, and we will be sure to keep hexfordummies.com updated. Last time we checked, HEX was listed on eleven different exchanges, but as you know, it’s still early, and if you want just to try to swap back and forth, we suggest you use Uniswap.

Uniswap is a decentralized exchange using the power of the community to let people swap tokens and coins back and forth for a just a small fee of 0.3 % of the amount swapped. Uniswap differs from traditional exchanges, as it does not hold any tokens or coins itself. It allows the community to lock in their coins/tokens for a period of time, and then get a percentage in interest returned. This is how Uniswap get the liquidity and enables others to swap their coins/tokens. The upside of this is that there is no middleman that can simply run away with all the coins, like an exchange could possibly do. Also, the service is super fast.

Simply go to Uniswap.io (or use hexdex.win, to always be sure it’s up to tune, supported by the official HEX website) and select the tokens you want to swap, in this case probably HEX to ETH. Connect to your MetaMask account and click swap! It really is that easy. When we used this, it normally takes less than a minute for the ETH to appear in MetaMask. Be sure to always check how much the slippage is since this can vary, especially if you swap high amounts. 

From MetaMask you can simply send it to your regular BRD wallet and go to any of the trusted exchanges (like Kraken) to sell your ETH for dollars, euros, or whatever your nation’s currency is.

 

HEX crypto

is making huge ripples in the crypto community and is gaining more and more attention every single day. HEX is still in the launch-phase, and as you probably know, it’s designed to benefit the early adopters. Take part in a journey that could be an opportunity of a lifetime!

We understand it can seem confusing to know how to buy hex. You might even ask yourself first; what is HEX? Is HEX a scam? And what the heck is the The BigPayDay? Keep reading, and we will get all the answers to your questions, in clear English, so you can put all the pieces together.  

Check out our how-to guide on how to buy HEX, find out what HEX is, and  check out if HEX is a scam

How to buy HEX

This is a simple step-by-step guide on how you could take part in the HEX token project and be ready for the launch and the Big Pay Day! Just follow the steps below and be sure to read up on the project and don't forget to check the the official HEX website. But remember: hexfordummies.com do not offer financial advice of any kind and is strictly for educational purposes; We do not recommend that you make any of your financial decisions based on the information on this site. 

1 |Head over to MetaMask.io and add the MetaMask browser extension to your browser and make an account. Store the 12 recovery words securely!

2 | Already own some ETH? Skip to step 3. Use an exchange to acquire ETH, for example Binance or Kraken. Head over to the exchange of your choice and make an account and simply follow the on-boarding guides on how to buy ETH. 

3 | Open up your browser and log in to your MetaMask account (click the fox in the top right corner of your browser), send ETH to the MetaMask wallet by clicking Deposit and then View Account, and simply copy the wallet address and paste it as the receiving address on the exchange/ wallet.

4 | A minute or two later you’ll see the ETH in your MetaMask account!

5| Go to the official HEX adoption amplifier. This link gives you 10 % extra HEX when transforming! Unfortunately you can't see the added bonus, but if you follow our links you can be confident you'll get it. 

6 | Click the “Add to MetaMask" button on the top right and click approve on the pop-up.

7 | Head over to the transformation lobby and put your ETH in the daily pool. MetaMask will pop-up and you need to confirm the transformation. Please note that this action will transform your ETH to HEX, be sure this is a well informed decision that you want to go forward with.

8 | Now you need to wait until the pool ends at 02:00 (UTC +1) then you’ll see how much HEX you’ve got. To EXIT your HEX, simply press EXIT to engage the contract. Your HEX will now be transferred to your MetaMask account. Time to stake!

9 | Use the stake module on the Adoption Amplifier to see what the interest could end up being, calculate with the bonuses and don’t forget the big payday! Experiment with the number of days and the amount of HEX until you find the numbers for you!

10 | There are other ways to acquire HEX, such as via exchanges.  Follow the HEX development and be sure to remember the date your stake ends, you’re now in the game!

What is a crypto wallet?
Wallet for HEX and ETH?

What is MetaMask?
MetaMask and HEX

What is Ethereum?
How to buy ETH 

Transforming ETH to HEX

How to get 10 % extra HEX

The Adoption Amplifier

How to stake your HEX

What is Uniswap?

How to swap HEX to ETH

Exchanges

How to-guide

 
 
 
 
 
 
 
 
Image by William Iven

Check out our guide on how to buy HEX and you could be set up in minutes! You'll find everything you need to know and and at the top you will find it summarized step-by-step.

"It’s the world’s first blockchain CD that attacks the largest market in the banking ecosystem outside of savings accounts”
-Richard Heart, inventor of HEX

During the 350 days of the launch period, there is a possibility for bitcoin holders to get free HEX, simply by having BTC in their wallets. Our link gives you 10 % extra when claiming!

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