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(HBAR) Hedera Hashgraph – How To Buy

Hedera is a decentralized public network for you to make your digital world exactly as it should be – yours. Whether you’re a startup or enterprise, a creator or a consumer, Hedera goes beyond blockchain for developers to create the next era of fast, fair, and secure applications.

Where to buy Hedera Hashgraph (HBAR)

The HBAR token can be purchased from a number of different cryptocurrency exchanges. These cryptocurrency exchanges include:

  • Okex
  • Binance
  • Upbit
  • Bittrex
  • HitBTC
  • Gate.io
  • CoinDCX
  • Liquid
  • OKCoin
  • Bitsonic
  • VCC Exchange

How to Buy HBAR

In order to purchase HBAR tokens, you first need to purchase ETH. Once you purchase ETH, you can then exchange it for HBAR. For this example, we will explain how to purchase ETH on Coinbase, one of the most popular cryptocurrency exchanges.

Buy Bitcoin on Coinbase first to buy Chainlink

 Register on Coinbase

Step 1: Create a Coinbase account

Select the “sign up” tab and complete the form by entering the requested information, including:

  1. Your name (exactly as it appears on your photo identification)
  2. Email address
  3. Password
  4. Location

How to buy Ethereum on Coinbase - Signup

Step 2: Verify your account

  • Issue your phone number
  • Upload an image of your photo ID
  • Verify your credit or debit card, or your bank account information

Step 3: Select the “Buy/Sell” option on the menu, once our account is verified

After verification, select the “Buy/Sell” option on the menu

  1. Choose “Ethereum”
  2. Input how much you would like to purchase
  3. Select the “Buy” button

Buy Bitcoin on Coinbase with Credit Card

Step 4: Confirm your purchase

  • Select the “Confirm Buy” button

Step 5: Open an account on an exchange that accepts Chainlink

Binance Frontpage

For the purposes of this example, we are going to use the Binance exchange

 Register on Binance

Step 6: Register your Binance account

  1. Enter your email address and a strong password
  2. Agree to the terms of use
  3. Select “Register”
  4. You’ll receive an email to confirm your account

Sign up to Binance

Step 7: Login to your Binance account

Login to Binance

Step 8: Transfer ETH from Coinbase to Binance

  1. Under the “Wallet” tab, select “Deposits”Select Deposit on Binance Menu
  2. Copy the ETH deposit address you are provided withCopy Ethereum deposit address
  3. Log back into Coinbase
  4. Select “Accounts”
  5. Click “Send”
  6. Enter your ETH deposit address
  7. Input the amount of ETH you want to transfer
  8. Select “Continue”

Step 9: Exchange ETH for HBAR

  1. When your ETH has arrived in your Binance account, you can exchange it for HBAR tokens
  2. Select ETH currency
  3. Search for  HBAR in the search box and select it

Exchange Ethereum for ChainlinkSelect whether you want to “Limit” order (you can choose the amount of HBAR you want to purchase) or “Market” buy, which will autofill your order at the best price

Step 10: Select the “Buy” button

  • Once you have chosen the amount of HBAR you would like to purchase, select the “Buy button”
  • Your order will be immediately filled; your ETH will be transferred into HBAR

How to Buy CHAINLINK on Binance

Exchanges you shouldnt miss when you want to trade crypto

  • Binance
  • Bittrex
  • OKEX
  • Bitmex
  • HitBTC

Why buy HBAR

Dual role of HBAR

HBAR is the native cryptocurrency of the Hedera public network. Hbars are used to power decentralized applications, build peer-to-peer payment and micropayment business models, and protect the network from malicious actors.

Network fuel

Developers use hbars to pay for network services, such as running a smart contract, storing a file, or transferring cryptocurrency. For each transaction submitted to the network, hbars are used to compensate network nodes for bandwidth, compute, and storage. Developers can incorporate hbars into applications to facilitate peer-to-peer payments and micropayment (<$0.01) business models.

Network protection

Hedera’s proof-of-stake public network uses hbars, which are staked or proxy staked (coming soon) to a network node, to weight votes on transactions when reaching consensus. Weighted voting with hbars makes it difficult and expensive for a bad actor to maliciously affect consensus — it would require them to own and stake over one-third of the network’s total supply of cryptocurrency, which will not be possible for the first 5 years.

How to sell HBAR

Hbar can be sold from the cryptocurrency exchanges listed above. The HBAR token can be directly traded for a number of major cryptocurrencies including BTC and ETH. In order to sell HBAR tokens, you need to follow these steps:

  • Open an account with one of the exchanges listed above
  • Transfer HBAR tokens to the exchange
  • Trade the HBAR token for BTC, ETH or one of the other major cryptocurrencies
  • Transfer the BTC or ETH to a platform that enables the exchange into fiat currency such as USD or EUR
  • Exchange the HBAR token for fiat currency and then transfer the funds to a bank account

Conclusion

Hedera is a decentralized public network for you to make your digital world exactly as it should be – yours. Whether you’re a startup or enterprise, a creator or a consumer, Hedera goes beyond blockchain for developers to create the next era of fast, fair, and secure applications.

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