How & where to buy Hedera Hashgraph (HBAR) online
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This guide introduces you to Hedera Hashgraph and the HBAR cryptocurrency token. It explains a history of the platform, shows you how it works, and explores the best trading platforms to use.
What are the best exchanges to buy HBAR on?
If you already know about Hedera Hashgraph, and you just wanted to get started, use one of the broker platforms below. To learn more about how this blockchain alternative technology works, scroll down.
How to buy HBAR online – a step-by-step guide
Step 1. Find an exchange
A cryptocurrency exchange is a large marketplaces for currencies, just like a stock exchange is for stocks. There are plenty of options at the top of this page, but to save you a little bit of time, here are two of the best:
- Bitpanda: Bitpanda is a good option for those looking for a reliable and innovative crypto exchange. We like the platform’s interface and the variety of tools and charts. Sign up to Bitpanda today >
- Binance: As the largest crypto exchange by trade volume, it is no surprise that many new investors choose Binance for their crypto purchasing needs. Join Binance right now >
Step 2. Sign up and fund your account
Get started by signing up for an account with your exchange of choice. To verify your ID verification, you usually need to provide a copy of your photo ID and a selection of contact information. Once this is done, fund your account with fiat money like GBP, USD, or EUR, and you can even use a crypto like Bitcoin.
Step 3. Purchase
To buy tokens with a fiat currency, open your exchange account and search for the HBAR/fiat currency pair; for example, for GBP users, look for the HBAR/GBP pair. If you are using Bitcoin, you’ll want to find the HBAR/BTC pair instead. Enter the amount, then execute your transaction. You now own HBAR tokens.
Step 4. (Optional) Get a suitable wallet
If you plan on storing your HBAR tokens for the long term, consider opening a crypto wallet to secure your savings. They come in both online and offline form, and they are a good way to protect your funds from theft. Here are a couple of the best wallets for storing HBAR.
- Trezor: As the first hardware wallet to burst onto the crypto scene, many crypto users swear by Trezor. Your HBAR would be completely offline and protected from online attacks. Open a wallet with Trezor right now >
- Freewallet: An online wallet with app capabilities, Freewallet supports in excess of 100 cryptos and is a really popular choice for newbies and experts alike. Get your own Freewallet right now >
How to trade Hedera Hashgraph – a step-by-step guide
Step 1. Find a broker
If you plan on trading, you need to open and close positions quickly to capitalise on short-term fluctuations in market price. You need to broker to facilitate this action, and there are plenty listed at the top of the page. You can find Hedera Hashgraph through the broker platforms below:
- eToro: eToro is one of the most popular brokers in the world. You can use its simple platform to trade cryptocurrencies like HBAR, as well as other assets like stocks, forex, and ETFs. Join eToro today >
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Step 2. Deposit money
Simply add fiat money to your account just like you would for a crypto exchange. Once your account is funded, you are able to trade. However, make sure you keep an eye on the trading fees, because these can quickly add up and become substantial if you don’t pay close attention.
Step 3. Decide how you’d like to trade
Make sure you have a firm trading strategy before executing any trades. Understanding key technical indicators like momentum oscillators is key to your ability to predict price movements and make wise decisions. Once you have established your strategy and are confident in it, you are ready to get started.
Step 4. Start trading
Before testing your strategy out with real money, it is a good idea to try a practice account. The majority of brokers offer this feature, and it can help you learn the ropes without putting your own capital at risk. Once you have experienced success with your demo account, it could be time to do the real thing.
When trading HBAR, you can choose to go long and believe it will rise in value, or go short and believe the exact opposite. This is called position trading, and it is one of the most popular strategies. Make sure you choose your position based on objective evidence rather than sentiment.
If you want to maximise your exposure to the price of Hedera Hashgraph tokens, using leverage can allow you to achieve this. However, your exposure to any potential downside will be identically maximised, so make sure you are extremely confident in your ability before using leverage.
If you still aren’t ready to decide if you want to invest, here are some of the pros and cons of the platform to help you decide.
- Extremely fast by using gossip protocol
- Timestamping feature makes this a very fair platform
- One of the most secure crypto projects
- Comes with a stability that won’t be threatened by forking
Here are three important questions and some key considerations you need to think about if you want to invest in Hedera Hashgraph.
1. Is now a good time to buy HBAR?
The answer to this question can only become clear once you review your investment strategy and financial goals. For long-term investors who want to speculate on future price increases and vote on governance decisions, the price of HBAR tokens could rise as the project gains momentum as a meaningful blockchain rival.
For those with a keen eye for short-term value generation, trading HBAR may prove to be the better choice. In this instance, the long-term development of Hedera Hashgraph is not as important as the patterns and trends that help you time your entry into the market. Either way, make sure to read our latest analyses of the project and its outlook for the future to keep informed:
2. What problem does Hedera Hashgraph solve, and what are the coin’s investment prospects?
Hedera Hashgraph claims to do all of the things conventional blockchain technology can while remaining more scalable and secure. For developers that want to create apps and marketplaces that can function effectively on a web-scale and rival many of the centralised financial apps and systems, it appears to have strong credentials.
If Hedera Hashgraph can catch up with its rivals through aggressive marketing and progressive refinement of its platform, it may be poised for significant growth. As far as we can see, the main problem is has is translating its complex methodology so it can be more easily understood by investors. If it can do this, it could be one to watch.
To keep up-to-date with Hedera Hashgraph’s developmental journey, read our latest news pieces on the platform and surrounding developments below:
Hedera (HBAR) Price leading market recovery with a 14% surge in 24 hours
Here’s why the Hedera Hashgraph (HBAR) price is soaring
Best cheap crypto under $1 in February 2022
3. Do you want to hold HBAR for the long term?
You can hold onto your HBAR tokens for a long time, or you can quickly flip them with the aim of making a profit. Both methods have different considerations you should make, and these are summarised below.
Considerations for a long term investment strategy
If holding onto HBAR tokens for the long run and hoping for a price rise is your intended route to profit, use an exchange and then store your coins securely in a crypto wallet. You can also vote on governance decisions and stake them for a profit.
Considerations for a short term trading strategy
Short term traders should sign up to a broker with low fees and a good interface to get started. This is a good way of putting your money to work and learning about the financial markets.
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