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How to buy Hedera (HBAR) securely

If you are looking to buy Hedera (HBAR) you can find it in different exchanges and platforms. In this guide we are going to see the best way to buy this cryptocurrency. In addition to sharing other platforms that you will also find it in case they are better for you or you already have an account in one of them. 

Also, you can find more information about this cryptocurrency and the project behind it after the guide on how to buy it. And some frequently asked questions and common doubts you usually have when buying this cryptocurrency. So let’s get started.

Where to buy Hedera

To buy Hedera (HBAR), the best option is to use the Binance platform. Although there are other exchanges where you can also buy Hedera, Binance offers the best options and a wide variety of cryptocurrencies. 

If you don’t have an account with Binance, you can create one here. Now I leave you with a video, so you can see how to buy Hedera in the best and easiest way step by step, so you don’t have any doubts. You can also see the step by step guide below. 

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

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Step by Step

The first step is to log in to your Binance account. In case you don’t have an account, create one with the link above. 

Once logged in, we will need to deposit funds into our account in order to start buying. We will be able to deposit by bank transfer, or debit/credit card. With a commission of 1.8%, but we will have the deposit instantly. Or by wire transfer with a fixed commission, and it will take several days to have the deposit to use. 

I recommend you always use the card to avoid having to wait to use the funds. 

 

With your first deposit, you will see that you have your currency in your balance. And we will have to exchange our currency for USDT. Since USDT will serve us to buy any other cryptocurrency, including HBAR.

So we will go up in markets, and we will look for the pair of our currency with USDT. In my case it is EUR/USDT, but if you have another currency, search your currency with respect to USDT. For example, GBP/USDT, USD/USDT, etc.

Once you have clicked on the pair, we will go down to the center, in the buy and sell panel. And here we will have to change our currency to USDT, going to the sell part. In my case Sell EUR to get USDT. So we will indicate at the top right of the market, the amount you want to change your currency and click on Sell EUR or your currency. 

This way, we will already have USDT in our balance. You can go to the main panel to check it. 

Once we have USDT, we will have to go back to markets, but now we will look for HBAR. And the pair HBAR/USDT. Once you find it, click on it. 

Here, we will see again the same buy and sell panel as before, but in this case with USDT and HBAR. In this case, we will have to go to the buy side, in green color, to change our USDT for HBAR.

As we have done before, we indicate to the market at the top right, the amount we want to buy, you can use the bar below to indicate a specific %. And with this ready, we click on Buy HBAR. 

Now if we go to the main panel, you will be able to see your Hedera (HBAR) in your balance. This way, you have already got this token, in a quick and easy way. Although it may seem like several steps, once you do it, you will see how fast and simple it becomes. 

With the steps we have seen, you can have your HBARs in just a few minutes. And with them, you can now store them in your balance, withdraw them to a wallet for more security, or wait for them to rise in price to sell them whenever you want.

Learn how to withdraw Hedera to your wallet to have your cryptocurrencies safer in this guide here. 

To finish, let’s summarize in a simpler way all the steps we have seen as a summary: 

  • Create your Binance account or login if you already have one.
  • Deposit funds into your account (It is recommended to use a credit card to avoid waiting).
  • We will use the deposited currency to get USDT (in this example, the EUR/USDT pair)
  • Go back to the markets and search for HBAR, where you will find the HBAR/USDT pair.
  • We will go down and buy the amount you want by clicking on BUY HBAR. Indicating the market and the amount we want to buy. 
  • It’s time to enjoy your new cryptocurrency.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

 5/5

FAQS

We have already seen how to buy HBAR with Binance, but there are also other places to get this token. In case you already have an account or prefer to use another platform, this list can be of great help. To find out where you can buy HBAR, it’s as simple as going to coinmarketcap or coingecko. Here, search for the cryptocurrency, in this case HBAR. And once there, click on markets. 

Thus, you can see the entire list of platforms where it is available in real time.  In order not to waste your time, you can see the main platforms in the image below.

Unfortunately, this option does not currently exist. Since there is no exchange or platform to buy and sell cryptocurrency that allows deposit with PayPal. 

The only platform we have been able to find is eToro, but it does not have HBAR listed yet. So we will have to wait until it is on this platform to be able to buy using PayPal. 

Although keep in mind that eToro does not allow withdrawals or deposits of cryptocurrencies. Since really when you buy, you are buying an etf that tracks the price of the cryptocurrency, but you do not really have the cryptocurrency to withdraw as happens on other platforms such as Binance. 

In order to sell Hedera (HBAR), you will see that it is not complicated at all. You will only have to do the same steps you already did when buying, but with the difference of going to the red sell button.

We will look for the HBAR/USDT pair, and click on it once you find it. We go to the center, below and we look at the sell part in red. We indicate to the market on the top right, the amount you want to sell and exchange for USDT. Click on sell and it will be ready. We will already have the HBAR sold and we will have USDT again.

To withdraw Hedera to your wallet, see the following steps:

  • Go to wallet and wallet spot 
  • We will search for HBAR and once you find it, click on withdraw.
  • Now you will see the Binance withdrawal panel
  • Open your wallet and we will copy the address. Usually the Hedera network.
  • It indicates the correct network where to send the tokens. In this case, the Hedera network.
  • Enter the amount and check all the information.
  • With everything correct, click on withdraw and confirm with the confirmation codes.
  • Your HBARs will be on their way to your wallet.

In case you still have doubts, you can visit this more detailed guide on how to withdraw Hedera (HBAR) from Binance. 

In case you want to withdraw your funds to another platform, for example from Binance to KuCoin, the process is the same as we have seen in the wallet, with one difference.

In the step of opening the wallet to copy the address, in this case we will have to open the platform where we want to send the tokens. Here, click on deposit, and select HBAR. Select the network you want to use to send the cryptocurrency, the most common is to use the Hedera network and you will see the address to copy.

With the copied address, go back to Binance and paste it. Indicate the same network as in the other platform. The other steps are the same as we have seen when withdrawing to your wallet.

In case you still have doubts, you can visit this more detailed guide on how to withdraw funds on Binance.

If you want to have your HBARs in the safest possible way, the best thing to do is to have them in a hardware wallet. In my case I used Ledger, and you can buy it here.

Ledger is the most used hardware wallet in the world and it will give you full control of your funds. It avoids the risk that they can hack the platform where you have your tokens, or even hack your computer and have access to your wallet. With a hardware wallet, without the physical object they will not be able to move your funds.

What is Hedera?

The third-generation ledger

Bitcoin pioneered decentralized infrastructure and Ethereum brought programmability. But previous proof-of-work blockchains consume huge amounts of power and process transactions slowly to achieve acceptable levels of security. The high bandwidth consumption of these technologies leads to costly fees, even for a simple cryptocurrency transaction.

The Hedera proof-of-stake public network, powered by hashgraph consensus, achieves the highest possible degree of security (ABFT), with lightning-fast transaction speeds and incredibly low bandwidth consumption. Combining high performance, low fees and finality in seconds, Hedera is leading the way to the future of public ledgers.

HBAR’s dual role

HBAR is Hedera’s native, energy-efficient public ledger cryptocurrency. HBARs are used to pay transaction fees for applications and to protect the network from attacks through proof of stake.

Network fuel

Developers use hbars to pay for network services, such as transferring hbars, minting fungible and non-fungible tokens, calling smart contracts, and logging data. For each transaction sent to the network, hbars are used to pay fees that compensate validating nodes for bandwidth, computation and storage.

Network protection

Hedera is a public, open source, proof-of-stake network. When hbars are staked to nodes in the network, they have a weighted influence on the consensus to validate transactions.

Weighted voting makes it difficult and expensive for a malicious actor to affect the consensus, as this would require a centralized authority to own and bet more than one-third of the network’s total supply of HBARs.

Incredible performance

The Hedera network achieves 10,000 HBAR cryptocurrency transactions per second, in a single shard and on the ledger, without compromising the security or stability of the network.

Predictably low rates.

Hashgraph’s consensus is incredibly lightweight, allowing the cost per HBAR transaction to be very small: around 0.0001 USD. Combined with high throughput, micropayments using a token in Hedera, or hbars, are a practical reality.

Finality in seconds

Never wait for block confirmations again. HBAR transactions reach finality, on the ledger, within three to five seconds. Have confidence in payment settlements and deliver modern digital experiences within your application.

Decentralized applications

Applications and microservices that use a public ledger provide greater transparency and trust than ever before. This makes entirely new things possible, such as a music streaming service that pays artists directly or a disintermediated ad network that doesn’t require audits. A fairer, more secure digital future is being decentralized in Hedera. Make it yours.

EXCHANGES

Exchanges, in some markets, can be used by app developers, end users and Hedera node operators to buy and sell HBAR cryptocurrencies. Hedera does not control which exchanges support HBAR.

Staging

Each node in Hedera’s proof-of-stake network has a weighted influence on the consensus – that weight is proportional to the number of hbars staked to a node. Transactions are placed in the consensus after they are validated by nodes representing an aggregate stake of more than two-thirds of the network’s total supply of hbars. Rewards are split between the node operator and the accounts staked to a node, with the staker getting a small share of the transaction fees.

What is the total supply of HBAR coins?

Hedera has a fixed supply of 50 billion coins.

What are the official denominations of the HBAR cryptocurrency?

gigabar 1 Gâ„Ź = 1,000,000,000,000 â„Ź

megabar 1 Mâ„Ź = 1.000.000.000 â„Ź

kilobar 1 kâ„Ź = 1,000,000 â„Ź

hbar 1 â„Ź = 1 â„Ź

millibar 1.000 mâ„Ź = 1 â„Ź

microbar 1.000.000 ÎĽâ„Ź = 1 â„Ź

tinybar 100,000,000 tâ„Ź = 1 â„Ź

In which exchanges is HBAR available?

HBAR (â„Ź) may be available for purchase by developers and users to build and use web-based applications on the exchanges and OTCs listed in the Buying Guide.

What does the â„Ź symbol represent?

Our corporate Hedera logo is a bold, capitalized HBAR (Ħ), but our currency symbol is a lowercase, italicized HBAR (ℏ). The written form of expressing the Hedera cryptocurrency is hbars, and is equivalent to writing US dollars. It can also be expressed as HBAR, which is equivalent to writing USD.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

 5/5

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