Hedera (HBAR) is in the top 1,000 cryptocurrencies by market cap, valued at $3,588,006,019.
Hedera is a highly volatile asset capable of major price swings in a single day. Today HBAR is trading for $0.106426, which is slightly up from yesterday's trading price of $0.1078490903. Hedera's seen an increase of 63% over the past year.
So before you buy Hedera, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.
If you're ready to get started, read on for step-by-step instructions and a list of platforms you can buy Hedera.
How to buy Hedera in 4 steps
The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.
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Compare crypto exchanges
The easiest way to buy Hedera is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
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Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
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Make a deposit
Once verified, you can deposit USD using the payment method that best suits you – cryptocurrency, card and bank payments are widely accepted.
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Buy Hedera
You can now exchange your funds for Hedera. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Hedera to your personal wallet.
Where to buy Hedera
Find an exchange to buy, sell and trade HBAR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.
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How we keep this Hedera guide up-to-date
- HBAR price data is regularly updated through data feeds so you always have the latest information.
- Hedera performance data is regularly updated using automated comparisons.
How do I find the best places to buy Hedera?
Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.
Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.
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What will I need to buy Hedera?
To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.
An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Hedera.
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing HBAR with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
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What are the best ways to buy Hedera?
Once you've created an account, you will need to deposit funds to buy HBAR with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy HBAR:
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase HBAR by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for HBAR on the spot market to see what cryptocurrencies it can be traded for.
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What is the easiest way to buy Hedera?
The easiest way to buy HBAR is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
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Best Hedera wallets to store your HBAR
You can keep your HBAR on the exchange you purchased it on, or move it to a personal wallet:
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your HBAR below.
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Trezor Model T Wallet
★★★★★ 4
Price (USD)
$179
Supported assets
9,000+
Ledger Nano X Wallet
★★★★★ 4.6
Price (USD)
$149
SafePal S1 Wallet
★★★★★ 4
Price (USD)
$49.99
Supported assets
30,000+
Disclaimer: This page is not financial advice or an endorsem*nt of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.
Is Hedera a good investment?
Prior to investing in any asset, it is important to conduct thorough due diligence so you understand the factors that may influence the price. In the case of HBAR, here are some things you should know:
- Hashgraph: As blockchain technology evolves, the community has seen the development of a wide number of alternatives to Satoshi Nakamoto's original vision. However, Hedera is one of the first cryptocurrencies to not use a blockchain at all. It is worthwhile assessing how Hedera's network works in comparison to other, smart-contract capable protocols such as Ethereum and Polygon. Hedera claims that its network can process more than 10,000 transactions per second with transaction fees of less than $0.0001 USD, which holds it in good stead relative to many blockchains.
- Token use-case: The HBAR token has two primary uses. Firstly, it is a utility token that is vital for the operation of the Hedera ecosystem, including smart contract deployment, executing transactions and storing data. Secondly, HBAR holders can stake their tokens to secure and maintain the economic functioning of the network.
- Governance: Hedera's governance structure is slightly different to many other decentralized protocols. The network does not use a decentralized autonomous organisation (DAO) and token holders do not typically vote on proposals. Instead, the direction of Hedera is dictated by a council comprising 20+ members from around the world. These council members are intended to represent a diverse range of business sectors to ensure decentralized decision-making that serves no one particular agenda. Those that prefer solely community-driven projects may want to consider alternatives to Hedera.
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Today's Hedera price versus ATH
Compare today's price of Hedera ($0.106426 USD) against its all-time high (ATH) price of $0.569229 on September 15, 2021. The closer the bar is to 100%, the closer HBAR is to reaching its ATH again.
Current price: $0.106426
All time high: $0.569229
19%
81%
How do I trade, convert or sell Hedera?
You can convert or sell your HBAR with the same exchange you bought it through:
- Sign in to the exchange you have HBAR on.
- If you store your Hedera in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of HBAR you'd like to convert or sell.
- Confirm the sell price and fees and close your sale of Hedera.
- Complete your transaction and move your HBAR to a wallet for storage.
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How to buy other cryptos
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Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circ*mstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.
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