How To Buy Hamster Coin | Ultimate Guide To Buy HAM
Hamster Coin (HAM) is a project based on BSC, or the Binance Smart Chain. Self-described as a “decentralised meme-token” in its whitepaper, Hamster is similar to projects like Dogecoin and Shiba Inu. Like other meme tokens, it features a huge supply with an astounding ten-quadrillion coins available.
From the Hamster Coin whitepaper: “The purpose of Hamster Token is to be a token that can be used globally with a vision to see Hamster Token on all exchange platforms. Hamster Token firstly has been successfully listed on CoinGecko & CoinMarketCap. The Hamster Token team, we are continuously & endlessly negotiating with Exchange platforms and other business partners.”
Hamster Coin’s origin story is amusing to the extreme. Apparently, the concept was inspired by a pet hamster in Germany that makes trading predictions on live stream platform Twitch.
5 Steps to Buy Hamster Instantly!
1Visit our recommended platform to buy Hamster by clicking the button below.
2Enter your details in the required fields to create a new account.
3Fund your account using your preferred payment method and confirm your new balance.
4Choose Hamster and select a "Instant/Market Order” to buy it instantly.
5Enter the amount you want to buy (you’ll see the equivalent in HAM) and confirm your order!
Recommended Platform to buy Hamster Coin
Hamster Coin is native to the Binance Smart Chain, so you'll need a Binance account. After setting up on Binance, head over to Pancake Swap to trade your existing tokens for Hamster Coin.
How to Buy Hamster With an Exchange
Connect your wallet of choice (MetaMask, for example) to PancakeSwap
Make sure your wallet has BNB (Binance Coin) in order to make the swap
Once you’re connected to PancakeSwap, click on ‘Trade Now’ and ‘Select Currency.”
At this point, you’ll need to ender the HAM contract address: 0x679d5b2d94f454c950d683d159b87aa8eae37c9e
Follow the instructions and prompts to import HAM
Input how much BNB you’d like to swap for HAM
Click ‘confirm’ swap, make sure you can cover any fees, and you’re done!
Should You Buy or Trade Hamster?
If you’re willing to take a gamble on a project with over ten quadrillion tokens, Hamster might be worth the investment. But keep in mind the Hamster isn’t necessarily based on any serious tech fundamentals, despite its recent price increases. It might be worth a small investment for a laugh, but price volatility can be unpredictable with projects like Hamster Coin, so invest thoughtfully.
That said, the crypto community has taken a liking to Hamster Coin. This might be due to its unofficial connection with viral internet sensation Mr. Goxx, the crypto trading hamster mentioned earlier. After spinning on his hamster wheel, Mr. Goxx settles down to rest in either his 'buy' or 'sell' bed. According to an interview with the BBC, the owners claim Mr. Goxx's decisions have created a 20% profit increase for their portfolio.
So while Hamster Coin isn't affiliated with Mr. Goxx, it's clear the community likes the idea of cryptocurrency hamsters. As long as Mr. Goxx continues to draw a crowd and make strong trades, his success could translate into further gains for Hamster Coin.
What Are the Pros and Cons of Buying Hamster?
You can buy enormous amounts of coins for a relatively small investment
Twitter CEO Jack Dorsey has referenced the project on Twitter, leading some to assume he supports HAM.
Strong community support and gaining popularity as a ‘meme-token.’
The project lacks technical fundamentals
Whitepaper contains some typos, indicating a lack of professionalism
Ten trillion token supply means serious price gain or return on investment is unlikely. Crypto ‘whales’ who own large amounts of HAM could easily tank the price.
3 Tips to Buy Hamster
Make sure you’re familiar with how decentralised exchanges work and feel comfortable integrating your wallet with PancakeSwap.
While Hamster is a fun project, it may be wise to be cautious with your investment as similar projects have experienced price volatility.
- Carefully browse through the company's website, whitepaper, and social media presence before making your decision to invest.
Frequently Asked Questions
Ten quadrillion max token supply.
Anonymous team, developers unknown.
Yes, but it wasn't exactly an endorsement. He jokingly claimed it was the biggest threat to Ethereum.