How To Buy Hamster Coin (HAM)

Ready to invest in Hamster Coin (HAM)? You can get it on PancakeSwap using BNB purchased from FTX or Binance.US.

Hamster Coin, commonly known as HAM, is a relatively new token in the world of cryptocurrencies that has gained popularity in recent months. HAM is an experimental decentralized finance (DeFi) token that operates on the Ethereum blockchain. It was created as a fun and playful project inspired by the meme culture surrounding hamsters on the internet. Unlike Ethereum, HamsterCoin doesn’t support smart contracts, nor does it have the security of decentralization that Ethereum boasts.

Interested in adding this meme coin to your crypto portfolio? This easy-to-follow guide will walk you through the process and help you get started in no time.

How To Buy Hamster Coin (HAM)

1. Choose Where to Buy Hamster Coin

Here are some options where you can buy Hamster Coin (HAM).

• One of the most popular options for purchasing Hamster Coin is through cryptocurrency exchanges including Binance.
• You can also buy Hamster Coin through DeFi platforms including Uniswap, SushiSwap and PancakeSwap.
• A more direct method of purchasing Hamster Coin is buying it through peer-to-peer marketplaces. These platforms connect buyers and sellers directly, allowing for more personalized transactions.

Whether you choose a traditional cryptocurrency exchange, a peer-to-peer trading platform, a decentralized exchange or an online brokerage, it's essential to do your research and choose a platform that aligns with your investment goals and risk tolerance.

2. Make Your Purchase

Here's how you can start buying Hamster coin (HAM):

Buy Hamster Coin (HAM) via a Centralized Crypto Exchange

1. Create an account on your chosen crypto exchange.
2. Verify your identity. This often requires Know Your Customer (KYC) information.
3. Choose your desired payment method.
4. Place your Hamster buy order.

Buy Hamster (HAM) via a Cryptocurrency Wallet

1. Choose a crypto wallet that supports Hamster Coin (HAM). Make sure to choose a reputable and secure wallet that is compatible with the Binance Smart Chain (BSC) network, as Hamster Coin is an ERC-20 token on the BSC network.
2. Install the wallet application on your device. You can download it from the App Store, Google Play Store or as a browser extension.
3. Generate a new wallet address or import your existing wallet address if you have already created one.
4. Place your Hamster buy order.

Buy Hamster Coin (HAM) via a Decentralized Crypto Exchange

1. Create an account on your chosen crypto exchange.
2. Connect your cryptocurrency wallet to your DEX account.
3. You have to buy first a base currency, a BSC token, since DEXs only support crypto-to-crypto exchanges. 
4. Transfer the base currency to your wallet.
5. Swap your base currency for Hamster Coin (HAM)

What Is Hamster Coin?

Hamster is another useless Binance Smart Chain token that has no clear advantages over more established cryptocurrencies. Its website has little information about the project, but if you’re familiar with any other frictionless yield farming protocol on Binance Smart Chain, this is yet another copy of SafeMoon. 

Hamster Token is your run-of-the-mill pyramid scheme token where the early investors receive the most token rewards while smaller investors simply hold up the price of the token for those at the top to make a profit.

If you decide to put your hard earned money into Hamster, there’s a good chance you’ll lose money. Hamster should be treated as a gamble rather than a sound investment. 

Brief History of Hamster Coin

Hamster token is trading well below a penny, primarily due to the enormous total supply of 10 quadrillion tokens, so the coin won’t be able to reach $1 anytime soon.

If anyone tells you that their Binance shitcoin is going to a dollar, they’re either lying or don’t understand how investing works. With the current supply of Hamster (and most other Binance Smart Chain tokens) in the quadrillions, it would take more money than there is in the U.S economy to make the token worth anywhere near $1.

Where to Buy Hamster Coin (HAM)

Hamster Coin (HAM) is available on platforms such as Binance. The platform is one of the largest cryptocurrency exchanges in the world, so there's significant liquidity to make any size cryptocurrency trade. 

Binance Smart Chain tokens can be stored in hardware wallets or software wallets. While a software wallet is necessary to swap the tokens, a hardware wallet is optional but adds an extra layer of security.

The Ellipal Titan is a multicurrency hardware wallet supporting over 7,000 cryptocurrencies, with a touch-screen interface for easy portfolio viewing. Ellipal offers a software wallet available for free on the app store, allowing trading of cryptocurrencies directly from the mobile app in conjunction with the hardware wallet.

Is Hamster Coin a Good Investment?

From a fundamental perspective, Hamster Coin is one of the worst investments you could possibly make. However, in this day and age fundamentals simply don’t matter. Cryptocurrencies with no real world use case have gained millions of dollars in funding, so just because Hamster is a poor fundamental investment doesn’t mean that the token can’t go up. This being said, Hamster should be treated as a gamble, not an investment.

Frequently Asked Questions