Key Takeaways
- Hedera (HBAR) is readily available for purchase on popular exchanges like Bybit, Binance, and Coinbase, making it accessible for both new and experienced investors;
- HBAR stands out for its innovative hashgraph technology, energy efficiency, and staking rewards, but its Governing Council's corporate involvement raises questions about decentralization;
- Before deciding to invest, consider HBAR’s potential benefits and risks, and remember that the ultimate choice depends on your own goals and risk tolerance.
Figuring out how to buy Hedera can feel confusing at first, but trust me, it’s easier than you think. Whether you’re drawn to its energy-efficient technology or the potential for staking rewards, getting your hands on Hedera is a straightforward process.
Platforms like Bybit, Binance, and Coinbase make it simple to purchase HBAR, even if you’re new to crypto. Each exchange offers its own perks, so there’s something for everyone—whether you value low fees, user-friendly interfaces, or advanced trading options.
But here’s the catch: not all platforms are created equal, and knowing where to start can make a big difference in your experience. Want to keep things smooth and secure? You’re in the right place to learn the ropes.
I’ll walk you through the essential steps, from choosing the right platform to understanding how to store your tokens safely. By the time you’re done, you’ll have a clear idea of how to buy Hedera Hashgraph and start benefiting from one of the most innovative networks in crypto.
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Table of Contents
- 1. How to Buy Hedera on Bybit?
- 2. How to Buy Hedera on Binance?
- 3. How to Buy Hedera on Coinbase?
- 4. How to Buy Hedera on KuCoin?
- 5. The Best Crypto Wallets to Store Hedera
- 6. What is Hedera?
- 6.1. The Hashgraph Algorithm
- 6.2. The HBAR Token
- 6.3. HBAR Tokenomics
- 6.4. Hedera Staking
- 7. The Pros and Cons of Hedera Hashgraph
- 8. Conclusions
How to Buy Hedera on Bybit?
Bybit is one of the most popular crypto exchanges around, offering traders a user-friendly platform to dive into derivatives and spot trading. It focuses on advanced trading tools and features like perpetual contracts with leverage options up to 100x. If you're like me and value quick transactions, Bybit's lightning-fast order execution is a standout, along with its 24/7 genuinely helpful customer support.
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I also appreciate that Bybit caters to both beginners and seasoned traders, with educational resources and a demo trading mode to practice strategies. Plus, it supports more than 500 cryptocurrencies, including Hedera. You can buy the coin on this exchange using its spot trading feature. Currently, the only available trading pair for Hedera is HBAR/USDT.
Here is the step-by-step of how to buy Hedera hashgraph on Bybit:
Step 1: Log in to your Bybit account and navigate to “Trade > Spot”.
Step 2: Search for “Hedera” on the coin search bar and click the “HBAR/USDT” pair.
Step 3: Choose your preferred order type. Bybit offers multiple order types, including market, limit, OCO, and TP/SL. In this example, I’m choosing market order.
Step 4: Enter the amount USDT you wish to spend.
Step 5: Click “Buy” and wait for your buy order to be fulfilled.
Alternatively, you can choose other order types, like the limit order, to get better control over your buying price. While a market order is easier to do, it can sometimes execute at less favorable prices than expected. Limit orders may help mitigate this risk by allowing you to specify a price at which you're willing to buy Hedera.
While learning about how to buy Hedera Hashgraph on Bybit, it will also be great to understand the exchange's fee structure. In addition, the platform offers competitive rates using the maker-taker fee model for its spot trading. You can also get lower rates by increasing your 30-day trading volume on Bybit.
How to Buy Hedera on Binance?
Binance is a powerhouse in the crypto world, and it’s easy to see why it’s the go-to exchange for millions. Whether you’re just starting out or already a pro, Binance has something for everyone, from spot and futures trading to staking and even NFTs.
What really stands out to me is the platform's user-friendly interface and robust features like its advanced trading tools and low fees. They even have a mobile app that's super intuitive for trading on the go. Plus, with their focus on security and innovations like Binance Smart Chain, it's clear why Binance is often the first choice for so many in the crypto space.
If you’re wondering how to buy Hedera on Binance, you can choose between two main options. The first, and arguably the easiest, is to purchase the coin using the Buy Crypto feature. This allows you to buy Hedera with fiat using various payment methods, including credit/debit card or Google Pay.
Let’s take a look at the step-by-step guide on how to buy Hedera on Binance using fiat:
Step 1: Log in to your Binance account and go to “Buy Crypto”.
Step 2: Look for “Hedera Hasgraph” and choose the fiat currency you want to buy it with.
Step 3: Enter the amount of Hedera you wish to buy or specify how much fiat you want to spend.
Step 4: Choose your preferred payment method. Binance supports credit/debit cards, Google Pay, or Apple Pay.
Step 5: Click “Buy” to finalize your transaction.
You can also opt for trading the crypto instead of buying it directly. At the time of writing this guide, Binance lets you trade Hedera with USDT, FDUSD, USDC, BNB, and BTC. Follow this guide on how to buy Hedera on Binance with spot trading:
Step 1: Navigate to “Trade > Spot” on Binance’s website.
Step 2: Look for Hedera using the search bar and choose your preferred trading pair.
Step 3: Scroll down and choose the order type you want to use. Here, I’m using limit order.
Step 4: Enter the amount of Hedera you want to buy and set your price limit.
Step 5: Check the transaction details, then click the green “Buy HBAR” button to finish the transaction.
While limit orders are great for getting better buying or selling prices, it is worth noting that they don’t always execute. This is because the market price might not reach the specified limit within a reasonable timeframe.
That's why it's important to keep an eye out and be ready to tweak your limit order price. If the market's moving fast and you want to get in or out quickly, a market order might be a better choice. Besides spot trading, Binance offers other advanced trading features such as margin trading, trading bot, and copy trading to enhance your crypto trading experience.
How to Buy Hedera on Coinbase?
Another recommended way how to buy Hedera is on Coinbase. It's one of the most beginner-friendly crypto exchanges out there, and it's where I often suggest people start their trading journey.
It's known for its clean, intuitive interface that makes buying, selling, and storing digital assets a breeze—even if you’re new to the space. What I like most is how straightforward it is to navigate, with simple tools and educational resources to help you learn as you go.
Beyond that, Coinbase is hugely popular because of its strong focus on security and regulatory compliance. It’s based in the U.S. and publicly traded, which gives it a sense of trustworthiness. With features like staking rewards and a mobile app that’s super easy to use, Coinbase makes crypto accessible to everyone.
In addition, at the time of writing this guide, the platform supports more than 200 cryptocurrencies, including Hedera. What's better is that you can get the coin here pretty easily. Here is how to buy Hedera on Coinbase:
Step 1: Log in to your Coinbase account. On your user’s dashboard, click “Buy & Sell” on the top right corner of the page.
Step 2: A pop-up window will appear. Look for “HBAR” or “Hedera” on the crypto tab.
Step 3: Select the currency you want to buy it with.
Step 4: Enter the amount of Hedera you’d like to purchase.
Step 5: Coinbase lets you set different frequencies if you wish to make a recurring Hedera purchase.
Step 6: Click “Preview Buy” and check the details for your transaction.
Step 7: Once you’re sure about the details, click “Buy now”.
It is worth mentioning that Coinbase has an intuitive trading app and crypto wallet to help you access your assets on the go. You can buy Hedera using pretty similar steps using the Coinbase mobile app. However, it seems like you can’t buy Hedera directly from the wallet app, at least for now. So, keep that in mind when you learn how to buy Hedera on Coinbase.
How to Buy Hedera on KuCoin?
Last but not least, let’s take a look at how to buy Hedera on Kucoin. This is a fantastic exchange for anyone who loves variety and versatility in trading. With its impressive lineup of over 700 cryptocurrencies, it’s one of the best platforms for discovering lesser-known altcoins.
I’ve always appreciated how KuCoin caters to both beginners and advanced traders, offering simple buy/sell options alongside more complex features like futures, margin trading, and bot trading.
KuCoin stands out due to its competitive fees and the option to earn passive income through staking and lending. Plus, their user-friendly app and desktop platform make trading super accessible. Whether you’re looking to explore niche coins or maximize your crypto earnings, KuCoin delivers a solid, all-around experience.
At the time of writing, the only way to buy Hedera on this platform is via its spot trading feature. The platform offers one trading pair for Hedera which is HBAR/USDT. That being said, let’s see the step-by-step guide on how to buy Hedera Hasgraph on KuCoin:
Step 1: Log in to your KuCoin account and navigate to “Trade > Spot Trading”.
Step 2: Change the trading pair by clicking it and searching for "HBAR". Choose the pair you prefer, like "HBAR/USDT".
Step 3: Look under the “Place Order” tab on the right side of the page and choose your order type. You can use limit, market, OCO, and other order types.
Step 4: Enter the amount of HBAR you wish to buy and specify other details, such as the price limit according to your order type.
Step 5: Check your transaction details. Once you do, click “Buy HBAR” to place your order.
Remember to always check your trading fees before you finalize your transactions to avoid paying for unexpected charges. You can track your buy order from the “Order history” tab. Once your order is fulfilled, your Hedera will be transferred to your trading account.
The Best Crypto Wallets to Store Hedera
Now that I’ve covered how to buy Hedera on multiple popular exchanges, you also need to know where to store your crypto safely. Each of the platforms I covered above has its own integrated custodial wallet. For example, if you buy Hedera on Binance, you can store them seamlessly in your Binance Web3 Wallet.
However, if you want to store your cryptocurrencies long-term and keep them safe from various online threats, then hardware wallets like Ledger can be a great alternative.
You can store your Hedera by creating an HBAR-specific account on your Ledger device. Let me show you the step-by-step guide on how to do so:
Step 1: Create your first Ledger Hedera account via Hashpack.
Step 2: Open Ledger Live and navigate to the "Accounts" tab.
Step 3: Click “+Add account”, select “Hedera (HBAR)”, and click “Continue”. Your Ledger device should display: “Open app Hedera”.
Step 4: On your Ledger device, press both buttons to open the Hedera app. Your Ledger device should display: “Awaiting Commands”.
Step 5: In Ledger Live, select a new account from the list and click Add account. Ledger Live should display: “Account added successfully”.
Step 6: Click “Done”.
Keep in mind that HashPack does not provide Ledger support on Firefox. So, make sure to use the Chrome browser when you create a new Ledger Hedera account there.
Lastly, a common question I found online is, "How to buy Hedera Hashgraph on Trust Wallet?". Unfortunately, you can't purchase the token on this platform as of now. In fact, Trust Wallet doesn't even support storing Hedera, so I recommend finding other wallet solutions.
What is Hedera?
After covering how to buy Hedera and the best wallets to store it, some of you might want to know the underlying concept of the token itself. Hedera is a fully open source, proof-of-stake, public network and governing body for building and deploying decentralized applications.
The network is governed by the Hedera Governing Council, a fully decentralized and transparent governing body of independent, global organizations consisting of enterprises, web3 projects, and prestigious universities. Big brands, including Google, IBM, and DELL, are part of this council.
The Hedera network offers developers three primary services: Solidity-based smart contracts, consensus, and token services. The token's uniqueness is that it is incredibly fast, energy-efficient (carbon negative), and secure — these advantages can be attributed to its underlying hashgraph consensus algorithm.
The Hashgraph Algorithm
The Hedera network is a proof-of-stake system that runs on a cutting-edge technology called the Hashgraph consensus algorithm, created by Dr. Leemon Baird, one of Hedera's founders. Think of the Hashgraph as an ultra-efficient way for the network to "talk" and agree on what should happen next, allowing it to process an impressive number of transactions—hundreds of thousands per second!
Unlike traditional blockchains, which rely on slower proof-of-work methods, this one makes sure every node (or participant) works together seamlessly.
Here’s where it gets cool: traditional blockchains operate like a race where only one miner gets to decide which block of transactions gets added to the chain, with others discarded. This can sometimes lead to "forks", or competing chains, which complicate things. It’s like a tree that constantly grows new branches, only to have most of them chopped off.
Hashgraph works differently—it keeps every piece of the puzzle and weaves it all into one perfect picture. Using clever techniques like "gossip-about-gossip" and "virtual voting", nodes agree on the order and validity of transactions without throwing anything away[1]. This makes it faster and much more efficient than blockchains.
On top of that, Hashgraph is incredibly secure. It’s been proven to meet the highest standard for distributed systems—asynchronous Byzantine Fault Tolerance (aBFT)—verified with advanced mathematical proofs.
Plus, it’s open-source, meaning anyone can dive into the code under an Apache 2.0 license. That combination of speed, security, and openness makes Hedera and Hashgraph a true game-changer in the crypto world.
The HBAR Token
Now, what about the token itself? HBAR is the native cryptocurrency of the Hedera network. It plays a huge role in keeping everything running smoothly and securely. Hedera claims that HBAR is more energy-efficient than many other cryptos, including Bitcoin and Ethereum.
It’s used for two main purposes: fueling and protecting the network. When you make transactions, run smart contracts, or store files on the Hedera network, you use HBAR to pay for these services. And the costs? They’re tiny—around $0.0001 per transaction, making it perfect for micropayments.
HBAR also secures the network through Hedera’s proof-of-stake system. In this setup, it acts as a kind of shield, protecting against potential cyberattacks.
The network requires more than two-thirds of the total voting power to achieve consensus, so an attacker would need to control at least one-third of the voting power to cause any harm—something that’s incredibly difficult to pull off. This combination of security and affordability is what makes HBAR so essential to Hedera’s ecosystem.
HBAR Tokenomics
Another essential aspect to know when you learn how to buy Hedera is its tokenomics. Hedera has a fixed supply of 50 billion coins, with around 38 billion tokens circulating in the public market at the time of writing this article. The detailed breakdown of HBAR distribution is as follows:
- 54.91% for the Hedera Treasury;
- 16.30% for RCUs;
- 14.50% for SAFT investors;
- 5.00% for Swirlds, Inc;
- 2.90% for the SAFT managements;
- 2.02% for SWIRLDS investors;
- 2.67% for the 2020 coin purchase agreement;
- 1.20% for the ecosystem reserve;
- 0.50% for the developer community funds.
This breakdown shows how many HBAR tokens have been released so far and how many are still to come. Hedera plans to finish distributing all the tokens by 2025.
- Very low trading fees
- Exceptional functionality
- Mobile trading app
- Very competitive trading fees
- An intuitive mobile app
- Up to 100x leverage available
- A very well-known crypto exchange platform
- More than 500 different cryptos available
- Two-factor authentication
- Over 500 different cryptocurrencies available
- Strong security
- Small withdrawal fees
- Secure and reliable
- Low fees
- A good amount of fiat currencies accepted
- Reputable exchange
- Multiple fiat currencies are accepted
- Relatively low trading fees
Hedera Staking
As I mentioned earlier, Hedera is a proof-of-stake system, which means HBAR holders can actively participate in securing the network by staking.
Here’s how it works: when you stake your tokens to a node, it increases that its influence on the network’s consensus process. Transactions are confirmed once nodes representing over two-thirds of the total staked HBAR agree, ensuring the network remains safe and efficient.
What’s great is that staking isn’t just about security—it’s also an opportunity to earn rewards. When you stake your HBAR, you earn a share of transaction fees processed by the network. The rewards are split between the node operator and everyone staking to that node, so you get a small, steady return. You can easily stake HBAR using wallets like HashPack or even exchanges like OKX, making the process accessible and straightforward.
The Hedera Governing Council sets a cap on the maximum reward rate, which can change over time. The actual rate depends on how many HBAR are being staked, but it’ll never exceed the set limit. So, whether you’re staking for the rewards or to support the network, HBAR staking is a win-win.
The Pros and Cons of Hedera Hashgraph
Investing in HBAR, like any cryptocurrency, has its share of advantages and drawbacks. Let me break it down so you can weigh the pros and cons and decide if it’s the right move for you. Remember, while I can share some insights, the ultimate decision rests with you! Let's start with the positives of Hedera:
- Innovative Technology: Hedera Hashgraph stands out with its unique consensus algorithm. It offers incredible efficiency, scalability, and speed. For example, the network can process thousands of transactions per second with minimal fees—features that could make HBAR a strong contender for real-world applications.
- Energy Efficiency: In a world increasingly focused on sustainability, HBAR is one of the most eco-friendly cryptocurrencies. Its proof-of-stake mechanism consumes significantly less energy compared to traditional proof-of-work systems like Bitcoin.
- Staking Rewards: HBAR holders can earn passive income by staking their tokens on platforms like HashPack or even some exchanges. This not only supports the network but also provides a way to grow your holdings.
- Strong Backing: The Hedera Governing Council is a who's-who of global corporations, including Google, IBM, Boeing, and more. This level of institutional backing lends credibility to the project and may inspire investor confidence.
While the token has several strong points that make it a possible interesting asset to invest in, it also comes with potential drawbacks. Let's take a look at the cons of this coin to help you make a more educated decision while learning how to buy Hedera:
- Centralization Concerns: While the Governing Council’s involvement is impressive, it raises questions about decentralization. Some people worry that having a few major corporations at the helm might compromise the democratic ideals of blockchain technology. In fact, there are data showing some signs of centralization tendencies from the Hedera Hashgraph[2].
- Competition: The crypto space is highly competitive, with projects like Ethereum, Solana, and others offering their own take on scalable, eco-friendly solutions. Hedera needs to consistently innovate to stay ahead.
- Volatility: Like most cryptocurrencies, HBAR can experience significant price fluctuations. If you’re considering how to buy Hedera Hashgraph, keep in mind that the value of your investment can go up or down quickly.
So, should You Invest in HBAR? The fact that Hedera’s Governing Council includes major corporations can be both a pro and a con—it’s a vote of confidence but might concern those who prioritize decentralization.
Ultimately, the choice to buy HBAR depends on your goals, risk tolerance, and belief in its potential. Whether you’re intrigued by its cutting-edge tech or staking opportunities, the decision is yours. Just make sure you fully understand what you're getting into before learning how to buy Hedera.
Conclusions
There you have it—how to buy Hedera Hashgraph made simple. Whether you choose a reliable option like Bybit, a feature-packed exchange like Binance, or a user-friendly platform like Coinbase, the process doesn’t have to be overwhelming.
Each platform has its unique benefits, so it’s really about finding what works best for you and your crypto goals. Personally, I find it helpful to compare fees, available payment options, and security features before diving in.
Once you’ve purchased your HBAR, remember that how you store it is just as important as how you buy it. While exchanges like Bybit and Binance are convenient for trading, transferring your tokens to a secure wallet like Ledger is a smart move if you plan to hold them long-term. Plus, staking HBAR can be a great way to earn rewards while supporting the Hedera network’s security.
Now that you know the ropes, the next step is to take action. The world of Hedera is full of exciting possibilities, from staking rewards to using HBAR for network services. No matter your reason for investing, remember to always do your own research and learn the fundamentals of crypto investing. Good luck, and happy trading!
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Scientific References
1. Crary K.: Verifying the Hashgraph Consensus Algorithm;
2. Amherd L., Li S., Tessone C. J.: Centralised or Decentralised? Data Analysis of Transaction Network of Hedera Hashgraph.