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Hedera (HBAR) is the 43rd largest cryptocurrency by market cap, valued at US$2,423,598,490.
Hedera is a highly volatile asset capable of major price swings in a single day. Today HBAR is trading for $0.067566 USD, which is higher than yesterday's trading price of $0.0667119799 USD. Over the past year, Hedera's price has seen an increase of 31%.
So before you buy Hedera, make sure you understand these unique risks as well as its legal and tax status here in Australia.
If you're ready to get started, read on for step-by-step instructions on how you can use to buy Hedera.
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
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.
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 exchange.
Hedera Hashgraph is a public distributed ledger system. Hashgraph doesn't use a blockchain like most other cryptocurrencies. Instead, it uses a "gossip protocol" designed to facilitate high-speed transactions.
Hashgraph is the name of the technology itself. A hashgraph is just one way for computers to talk to each other, while a blockchain is a different way. Hashgraph was invented by a tech company called Swirlds, which then decided to create an entirely public version of this technology. This opened the door for anyone to appropriate the technology, which lends itself to applications like cryptocurrency.
Traditional blockchains work by packaging transactions into blocks and then having miners compete to process each block. By contrast, Hashgraph packages transactions as "events" on the fly and then just lets them wash through the network. When you make a transaction on Hashgraph, your computer will pack it into an event and communicate that event to 2 randomly chosen computers in the network. These 2 computers will then communicate that transaction to 2 more and so on. At this point, you will have blockchain-like levels of immutability and trustlessness.
The native token on this public hashgraph network is called HBAR.
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 Australia 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.
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.
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 buy HBAR:
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.
Before buying HBAR, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Hedera has been performing recently.
You can keep your HBAR on the exchange you purchased it on, or move it to a personal wallet:
Ledger Nano X Wallet |
Trezor Model T Wallet |
SafePal S1 Wallet |
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Supported assets 5,500+ |
Supported assets 1,000+ |
Supported assets 30,000+ |
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Price (USD) $149 |
Price (USD) $149 |
Price (USD) $49.99 |
See more of the best crypto wallets
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:
Compare today's price of Hedera ($0.067566 USD) against its all-time-high price of $0.569229 USD on 15 September 2021. The closer the bar is to 100%, the closer HBAR is to reaching its ATH again.
Disclaimer: Cryptocurrencies, including Hedera, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HBAR is no guarantee of future performance. Consider your own circumstances, 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 Hedera or any other cryptocurrency discussed.
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