The last few months have witnessed a massive upheaval in the world of cryptocurrencies. Therefore, it is only sane to grab enough knowledge on the various ways of investing in decentralized currencies. This article will read about Hedera Hashgraph (HBAR) and go through all the exchanges and platforms where you can buy HBAR!
Summary (TL;DR)
- Hedera is a decentralized public network beyond blockchain technology to provide faster, safer, and more advanced applications.
- Hedera’s native cryptocurrency is called HBAR, and it is a highly energy-efficient form of cryptocurrency.
- It uses advanced technology, multi-factor authentication, and enhanced security modules.
- HBAR can be purchased on various wallets and custodial and cryptocurrency exchange platforms like Binance.
- HBAR is a leading investment option amongst cryptocurrencies; however, it has some bad environmental conditions.
What is Hedera?
Hedera is a perfect example of a decentralized public network that would efficiently provide exclusivity to its digital users. Be it an enterprise, startup, consumer, or creator; Hedera ensures to go beyond blockchain and offers fast, secure, and fair applications to its developers.
Hedera enables its users to perform the following activities-
- Creation of scalable and publicly verifiable timestamps.
- Assets can be tracked on a supply chain.
- Transfer of digital assets can be logged.
- Music streams can be counted for digital rights.
- File service enables its users to sign, verify, create and manage files with assured visibility.
The distinguishing features of Hedera include its proof of stake public network, hashgraph consensus, the highest level of security (ABFT), the breakneck speed of transaction, and minimum bandwidth consumption.
What is HBAR crypto?
Hedera’s energy-efficient and native cryptocurrency is known as HBAR. It is primarily used to decentralize applications of the power structures and provide protection to the network against malicious actors. Many other uses and advantages are extensively stated in its White Paper.
HBARs are being used to pay for network services, including the transfer of HBAR, fungible and non-fungible token management, data logging, etc.
The chances of a bad actor affecting the consensus maliciously are significantly reduced due to weighted voting with HBARs, as this would require an owner of over one-third of the total supply of HBAR by the network.
How to buy HBAR crypto?
Due to the unprecedented increase in the value of cryptocurrency lately, many investors are shifting towards investing in HBAR.
Where to buy HBAR Coins?
We have discussed some known wallets and custodial where cryptocurrency can be purchased easily.
Buy HBAR using Swap (Anonymously)
You can Swap any of the crypto asset you previously own, including stablecoins to Hbar using the following exchanges.
Buy Hbar using Crypto Exchanges
Developers and users can purchase HBAR to use and build applications. Some of the best crypto exchange platforms are as follows:
What is Binance?
Changpeng Zao (aka CZ) launched Binance, the world’s largest cryptocurrency exchange, in July 2017. Its headquarters were originally in China, but it was relocated to Malta because of China’s stringent cryptocurrency rules. To learn more, read the Binance review.
How to buy HBAR on Binance?
Create a Binance account
You can sign up by entering the following details:
- Visit the official Binance website, and enter email address and password.
- Referral ID, if required.
- Click on the Agreement box and then click on the ‘Register’ button to continue.
A confirmation message would be sent to the email address you provided, and it shall be available in your Inbox.
Fund your Binance account
Now you are all ready to transfer funds to your account.
- Select the “Funds” option on the top right corner.
- Select the Hedera Hashgraph (HBAR).
- A wallet address shall be provided to you where you can store your funds.
Start trading Hedera Hashgraph on Binance
- Visit Binance and click on Markets tab.
- Then search for HBAR on the next page.
- Further, enter the amount you wish to invest and hit the buy button.
Top 4 HBAR Wallets
Once you successfully buy the coins you can use any of the below wallets to store the assets.
Ledger Live
Ledger Nano S and X is a hardware wallet extensively used for the storage and transaction of cryptocurrency. However, you can buy or swap crypto assets using Ledger Live.
Also Read – Ledger Live: How to earn Passive income?
Coinbase Wallet
Coinbase wallet is a multi-currency mobile wallet that offers its services directly through the mobile app. To learn more, read Coinbase Wallet Review.
Prokey
Prokey is a hardware wallet that uses secure firmware to prevent supply chain risks by only allowing items with access to the servers to be installed. To learn more, read Prokey Review.
My Hbar Wallet
My HBAR wallet is a browser-based wallet that facilitates better interaction with Hedera as it is a client-side interface and is free of cost. Features-
- Account creation
- Account import
- Instant HTS-created token support
HBAR coin price prediction
Nobody can predict where a project in the blockchain is headed in the future. Hence, investing your hard-earned money should be entirely based on your own research. However, if you’re a beginner, you can start by reading Understanding Bitcoin Metrics to Predict Price Movements.
Is Hedera Hashgraph worth Investing?
Crypto is risky, you should do your own research before investing in any asset. Being said that, Hedera Hashgraph can be an excellent long-term investment opportunity. Furthermore, since it works on the proof-of-stake consensus, it provides an alternate path to the traditional proof-of-work. Hedera Hashgraph is a safer and faster alternative to other projects, and low bandwidth consumption makes it more environmentally friendly.
How is Hedera Hashgraph different?
The primary difference between Hedera Hashgraph and other projects based upon blockchain technology is that compute-heavy proof of work is not required. Instead, Hedera Hashgraph strives to achieve the highest levels of security and protection against all malicious intruders with the help of a system called ABFT (Asynchronous Byzantine Fault Tolerance). As a result, it is much faster than Ethereum and Bitcoin as transactions are processed parallelly.
Buy HBAR: Conclusion
Hedera Hashgraph’s HBAR is a leading cryptocurrency with enhanced technical and security standards. It has incorporated various procedures such as the two-factor authentication step, and multi-layered security that would prevent and hamper malicious intruders. As a result, it promotes faster, safer, and easier transactions with HBAR. Therefore knowing where to buy HBAR might help you in a smooth purchase and accumulate this coin.
Frequently Asked Questions
How efficient is the Hedera network?
The Hedera network carries out about 6.5 million transactions in a day with an average time of around 5 seconds per transaction, much higher than Ethereum and Bitcoin, which perform only 1.2 million and 300,000 transactions, respectively.
How does Hedera Hashgraph work?
The Hedera platform is governed by a council of nineteen multinational corporations from across the globe, and it runs on millions of nodes globally. To reach a unanimous decision, nodes “gossip” on the Hashgraph amongst themselves and compare notes on the network’s transaction history.
How to store a Hedera Hashgraph?
Any officially listed HBAR wallets can be used to store HBAR cryptocurrency, be it iOS or Android or any other software. For example, Hashgraph wallet, HBAR Price wallet, MyHbarWallet are all excellent wallets to store HBAR cryptocurrency.
What are Hedera Hashgraph’s aims?
Hedera collected $120 million in its token sale in 2018, and the money so raised would be used to:
– Support micropayments by providing cryptocurrency as a service.
– We are developing storage in the form of a distributed file service.
– Enable contract and intelligent contract on the platform.
What is The future of Hedera Hashgraph?
The network will also see the introduction of scheduled transactions. This is where someone specifies a future time that they want the transaction to occur.
Hedera launched its token service in February to enable anyone to create tokens on the platform. The token transfer was to cost only $0.001. In addition to these ventures, several more projects are coming up in the next few months.
