Swapzone supports a wide variety of cryptocurrencies, allowing investors and traders to build a diverse portfolio. HEX is one such crypto. HEX transformed the notion of a high-yielding certificate of deposit into a decentralized financial product. The project touts itself as the first blockchain certificate of deposit. This allows users to receive a premium interest rate after depositing money.
HEX, which operates on the Ethereum blockchain, generates a yearly return of 38%. The ERC-20 token can be traded or swapped on various cryptocurrency exchanges across the world.
Where to buy HEX crypto at the best market prices? You get competitive rates when you use Swapzone’s fast and reliable exchange aggregator to trade HEX. This article will walk you through the process of purchasing the HEX token. Finally, you will know whether HEX is a good long-term investment or not.
Table of contents
1. Visit Swapzone’s HEX Swap Page
Using Swapzone to get some HEX into your wallet is simple. It can also help you avoid paying exorbitant fees as well as obtain the best possible rates.
To begin, go to the HEX swap page and select the cryptocurrency you want to exchange for HEX. There are numerous choices for swapping HEX, including Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). For the sake of this guide, we will use ETH.
2. Determine How Much HEX You Need
On the exchange page, there are two text boxes labeled “YOU SEND” and “YOU GET.” You enter the amount of ETH you want to swap in the “send” box. The estimated amount of HEX you will receive will then be displayed in the other box. After that, you click the “Exchange” button. Keep in mind, however, that the estimated amount may change owing to price variations during the transaction period.
3. Select Your Preferred Exchange
After you click “Exchange,” Swapzone will automatically search the web for the best exchange rates and list them for you. Accordingly, you will see an estimate of how much HEX you will receive per exchange. Once you have decided on the best exchange for your needs, click the blue “Exchange” button to move on to the next step.
4. Provide Your Payment Details
Following the selection of your preferred exchange, you need to give your wallet details. First, enter your HEX wallet address. If you don’t already have an address, you can follow this simple guide to get one. You will also need to enter an ETH refund address in the event of a transaction failure. If you wish to receive Swapzone offers and news, you can enter your email address. After that, double-check every detail to ensure a seamless transaction before agreeing to the terms and conditions. Finally, click the “PROCEED TO EXCHANGE” button.
5. Deposit ETH
To pay for the swap, you need to send the exact amount of ETH stated in the second step. You can pay by either copying the generated wallet address or connecting your wallet online.
It is crucial to deposit only the specified amount to the correct address to avoid losing your token. Hence, you need to be patient during the transaction period.
6. Successful Swap
The HEX tokens will be transferred to your wallet upon the successful transfer of the swap deposit. Check your wallet after the swap deposit to see if the tokens have arrived. Using the Swapzone aggregator has saved you money and time on identity verification while also enhancing your security.
Is HEX A Good Buy?
(Disclaimer: None of the information in this article should be considered investment advice; always do your research before investing.)
HEX is designed for individuals that wish to invest for a long time and earn significant rewards. HEX offers larger annual percentage yield (APY) returns than traditional banks. However, in the cryptocurrency market, there are other initiatives that give considerably higher rewards to their customers. HEX has oftentimes been compared to Bitcoin, as it leverages Ethereum security. This makes transactions faster and cheaper than using BTC.
HEX promises a good opportunity with significant long-term profits for HEX holders. According to CoinGecko, at writing, HEX trades at $0.0356, a 93% drop from its all-time high (ATH) of $0.51 in September. Given the significant drop from its ATH, some traders might consider buying the dip, going by bullish predictions from GovCapital and PricePrediction. The former is quite bullish on HEX. It expects the token to trade at $0.25 before the end of the year while accruing a 600% ROI in the process. By 2024, GovCapital predicts HEX to be well above $1.
However, despite GovCapital and PricePrediction’s high expectations, DigitalCoinPrice is tentative about HEX. The deep price predictor forecasts that HEX will remain under $0.50 until 2029, representing a 1,300% gain from its present value.
Overall, most analysts indicate that HEX has what it takes to thrive over the next few years.