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Current price per coin: $

A step by step guide on how to buy & store the Humaniq (HMQ) cryptocurrency

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What is Humaniq?

Humaniq is a simple and secure mobile app, delivering financial inclusion solutions to the 2.5 billion unbanked / 1 billion underbanked globally.

Important note

This guide is not, and should not be regarded as 'investment advice' or as a 'recommendation' regarding a course of action.

How to buy Humaniq
Important: Be wary of scammers trying to steal your crypto coins - get into the habit of double checking that URL's look correct in your browser address bar when moving / purchasing / selling cryptocurrency.

Notes: Images can be clicked to see a larger version. If you're confused by any terms used, a glossary can be found here.

1

For this guide we'll be using the easiest & most convenient wallet option for storing your Humaniq coins- provided by MyEtherWallet (which can store any coin on the Ethereum blockchain, including Humaniq).

If you already have an Ethereum wallet you can skip ahead.

Otherwise, go to myetherwallet.com and enter a password that would be hard to guess (but which you won't forget!). Remember: always check the URL in the address bar looks correct and secure when dealing with cryptocurrency wallets.

Press 'Create New Wallet'.

Note: if you forget this password you can possibly lose access to your coins.

Creating a wallet at Myetherwallet.com
2

Click 'Download Keystore File'. Be sure to read and understand the warnings.

It's very important that you back this file up somewhere safe (think multiple external hard drives and/or USB drives that you put somewhere safe).

Once you've done that, click 'I understand. Continue.'

Saving your keystore file
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Now you will be given a powerful unencrypted private key to your wallet (it's a way of opening your wallet without knowing the password) and the option to print a paper wallet (which displays everything you'd need to access your wallet).

If you choose to print this, treat it just like the Keystore file you just downloaded- keep it hidden and keep it safe.

Next, click 'Save your address'.

Saving your private key

Important Note: We all hear of computers and phones being hacked. Websites running illicit code to steal passwords. Phishers tricking people into clicking links that steal information from their computers.

Another line of defence to keep our coins from being siphoned out of our wallets is essential.

And that's a hardware wallet.

Hardware wallets plug into your computer like a USB stick, and they have one job- to be a firewall between your coins and the outside world.

To do this, they encrypt the private keys to your cryptocurrency wallets so that no-one- not even you- can know them. That way only someone with physical access to your hardware wallet- and who also knows its password- has a chance to access and move your coins.

Where do I get a hardware wallet?
Our recommendation is to purchase from the specialist company Ledger, from their official website.

Their basic model, the Nano S, makes it easy to manage your coins- it's compact and discreet, and wallet management is achieved through a small LCD screen and two buttons.

Ledger Nano S

Their cutting-edge Ledger Blue is more impressive, allowing you to handle your coins with a pad-like interface, and is regarded as the most advanced product on the market.

Ledger Blue

Once you have your Ledger, here's a step by step guide to setting it up.

4

Now we're going to open your new wallet. To do that you can either:

a) Select the 'Keystore File' option, then upload the keystore file you saved in step 2, then enter your password.

b) Select the 'Private Key' option, then paste your private key into the input box.

Once you've done one of those two things, scroll down the page to see your opened wallet.

Unlocking your wallet
5

You will see a long string of letters and numbers labelled 'Your Address'.

This is your personal wallet address, and it's where we're going to be sending your Humaniq coins.

Copy this address and keep it somewhere safe as we're going to need it soon.

Finding your wallet address
6

Now we'll purchase the popular cryptocurrency Ethereum, so that we can exchange it for Humaniq (if you already own Ethereum you can skip ahead).

Choose which Ethereum exchange you'd like to use (by clicking on the logo), and the guide will continue:

#
Coinbase
Operates in 32 countries.
#
Cex.io
Worldwide coverage, 99% of countries.
There are also some other exchanges listed here.
7

If you use this link to sign up to Coinbase we'll both receive ten dollars of free coins when you spend over $100 (or the equivalent in your currency).

Coinbase
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Press the 'sign up' button and fill out your name (make sure this is exactly how it's written on your photo ID), email, password and location.

Just like a US bank, Coinbase is regulated by the US government, and has to follow strict financial rules. So they take verifying your identity very seriously. It's a pain, but it does give Coinbase a reputation for being the most trusted way to convert fiat currency to cryptocurrency.

Signing up to Coinbase
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To verify your account you must supply a phone number, upload an image of your photo ID and verify a credit/debit card or bank account before you can buy.

Using a credit/debit card means higher fees but offers instant purchasing. Using a bank transfer is cheaper but slower (taking up to a week to get your coins).

Signing up to Coinbase
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Once your payment details are verified, click 'buy/sell' on the top menu.

Select 'Ethereum', and at the bottom of the page choose how much to spend in your local currency / how many coins you want to buy.

Once you're happy with the amount, click the big 'Buy' button.

Buying Ethereum on Coinbase
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You'll be asked to confirm your purchase.

Press the 'Confirm Buy' button.

Congratulations! You now own some Ethereum. But don't close Coinbase yet, we're going to need it again in a few minutes.

Confirm buying Ethereum on Coinbase
7

Click here to go to Cex.io

Click the 'Register' button along the top menu.

Cex.io
8

Enter your email address and a secure password. Click the checkbox to agree to the terms.

Click 'Register'.

Signing up to Cex.io
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You will now be asked to set up 2-factor authentication for your new account. It is strongly advised not to skip this step, as 2-factor authentication makes your account far more secure.

We recommend using the 'Smartphone App' option.

Signing up to Cex.io
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Once your security has been set up, you'll be taken to your account dashboard.

Before we do anything else, head on over to your personal email account- there will be an email from Cex.io asking you to click a link to verify your account. Click it.

You will be taken to a page telling you your email has been confirmed. Click 'Go back to the site'.

Signing up to Cex.io
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Look for your user ID in the top menu, hover your mouse over it and in the drop down menu click 'Verification'.

Signing up to Cex.io
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Every exchange that lets your buy cryptocurrencies for cash require you to verify your identification before doing so.

Complete the Cex.io verification process by supplying your personal information and uploading your ID.

Signing up to Cex.io
13

Once you're verified, click the 'Deposit' button along the top menu.

You now get to choose how you'd like to deposit money:

Via credit/debit card

If you choose credit/debit card you can buy instantly, but you pay commission on the money you deposit.

Via bank transfer

This option takes a few days for the transfer to arrive but has no commission fees.

Choose the method you prefer and follow the instructions to deposit your money.

Signing up to Cex.io
14

Once your money is in your account, click 'BUY/SELL' on the top menu.

Choose 'ETH' and the currency you'd like to buy it in (Dollars, Euros, Pounds or Rubles).

You will be offered some precalculated amounts of Ethereum, or you can scroll to the bottom of the page and input the amount of Ethereum you'd like to buy in the 'Custom amount' box.

Once you've decided, click 'Buy'.

Signing up to Cex.io
15

You'll be asked to confirm your buy.

Check everything looks correct and click 'Confirm the order'.

Signing up to Cex.io
16

Congratulations- you now own some Ethereum!

Press 'Ok'.

Signing up to Cex.io
12
17

Now we'll use the site Changelly to exchange your Ethereum for Humaniq. 

Click here to go to the Ethereum / Humaniq exchange page.

Choose how much Ethereum you're going to exchange.

In the box marked 'You get' it will now display how many Humaniq you will receive.

Once you're happy, click the big green 'Exchange' button.

Go to Changelly
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You will be asked to register with Changelly using your social media or - and this we recommend- simply your email address.

They won't ask for your name, address or anything like that.

Signup with Changelly
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19

A confirmation screen will ask you to look over the transaction to be sure everything looks correct. Click 'Next'.

Confirm transaction on Changelly
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20

You will be asked for your HMQ address.

This is your personal wallet address we saved earlier from MyEtherWallet in step 5.

Copy and paste this address into the box and click 'Next'.

Enter wallet address
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21

You will be asked to look over the transaction one more time. Take your time, make sure it all looks correct, and then press 'Confirm and make payment'.

Confirm transaction on Changelly
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22

You will be presented with an address to send your Ethereum to. Copy it.

Confirm transaction on Changelly
18

Now, return to Coinbase.

Click 'Accounts' from the top menu, then find your Ethereum wallet listed on the left.

Click 'Send'.

Sending Ethereum on Coinbase
19

In the 'Recipient' box, paste the Ethereum wallet address we just copied from Changelly.

In amount, type how much Ethereum you wish to send (there is a 'use max' option if you wish to send it all).

Click 'Continue'.

Coinbase may ask you to confirm with your password/phone. Follow the instructions until it confirms the Ethereum are sent.

Sending Ethereum on Coinbase
23

Go back to Cex.io

Press 'Withdraw' on the top menu.

Under 'Select currency and amount' click 'USD' and select 'ETH' in the drop down menu.

Input the amount of Ethereum you're sending.

In the box labelled 'Enter the recipient's address below' paste the Ethereum wallet address we just copied from Changelly.

Once you've looked everything over, click the check box to confirm you've double checked everything is correct.

Press 'Withdraw'.

Signing up to Cex.io
24

You will be asked for a 2-factor authentication number.

Use your selected method of authentication to generate the number and write it in the box. Press 'Confirm'.

Signing up to Cex.io
25

You will be sent an email to confirm the withdrawal.

Go to your personal email and click the link Cex.io has sent you. This will send the coins on their way.

Signing up to Cex.io
20
26

Now we've got to wait a few minutes for the coins to move across the network.

Unless there's an unusually large network backlog, the coins will take between 5 and 30 minutes to arrive at Changelly. The Changelly page will update automatically so there's no need to refresh it.

While you're waiting, consider sharing this guide with your friends and followers to spread the word about Humaniq, encouraging its popularity and value to grow.

Here's some share buttons to make it easy:

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Once your Ethereum arrives at Changelly it will automatically refresh to keep you updated on the three steps of conversion:

1) Waiting for payment

2) Exchanging

3) Sending to your wallet

Exchange process
22
28

Once the transaction is complete a confirmation screen will appear. Do not close this page yet.

Exchange process
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29

Go back to MyEtherWallet.

You should now see the Humaniq (abbreviated to HMQ) in your wallet under 'Token Balances'.

Not all newer tokens automatically show in your token balance list. If this is the case with your Humaniq, follow this tutorial to have them show up.

If they haven't arrived within an hour, go back to the Changelly exchange page and scroll to the bottom, then click the 'Having troubles?' box and follow the instructions.

MyEtherWallet token balance
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One note of importance is that the example wallet in this guide has no Eth in it. Why is that important?

Humaniq coins exist as a token on the Ethereum network. To move Humaniq coins across that network costs 'gas', which are in the form of Ether coins. If in the future you want to move your Humaniq coins to another address, you're going to need some of those Ether coins to power the transaction.

You already know how to buy Ether, but you can use this guide if you're still unsure how to move them to your personal wallet.

Links

Other buying guides
Further reading

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