Pay My Future Self

How to Buy Hex in 2022

Follow this guide to start earning self-custody yield

Mati Allin
3 min readApr 18, 2022

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This article has instructions for how to buy Hex, a cryptocurrency.

You Decided to Buy Hex — Congrats! Now what?

Step 1: Buy Ethereum (ETH) — Create an account on CoinBase or Gemini (unlimited amount) or use a Bitcoin ATM (up to $700). It can take minutes to days to get money from your bank into your centralized exchange wallet. Most people start with $200–$2000.

Step 2: Get MetaMask.io on Chrome Desktop or on mobile Apple, Google. Record your “Secret Recovery Phrase” on physical paper, twice, putting each list of 12 words in a safe place and never ever share them with anyone (or you could lose your funds). Send ETH from Step 1 to your MetaMask ETH address starting with “0x…”. Never lose funds by not sending to unknown addresses.

Tap on address to copy it and send funds from your centralized exchange to your MetaMask wallet.

Step 3: Trade ETH for HEX — Use the Swap Button in MetaMask wallet tab. Leave about $50 of ETH for swap fee plus $20 of ETH for staking transaction fees.

Use MetaMask’s Swap button to swap ETH for HEX and/or see notes below.

Notes: Ethereum network fees are highly volatile, with swap costs ranging from $15 to $100+. Make your own best judgement call here. If swapping more than $3,000, use Matcha.xyz or EthHex.com (via browser tab) to save on the extra 0.75% MetaMask swap fee. You can check estimated swap fees at HexDailyStats.com or as you complete the steps in MetaMask.

Step 4: Use go.hex.com/stake (via browser tab; connect to site via MetaMask signature) to stake/time-lock and earn more Hex each day (distributed at the end of the stake). Variable yield is currently about 12% per year when locking for 1 year or 36% per year when locking for 6 years.

In MetaMask mobile, go to Menu > Browser > go.hex.com/stake

Notes: Some people do a 4-step ladder where they time-lock 25% of their Hex for 5, 10 and 15 years on their birthday, while…

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