How to Buy Hedera (HBAR)

Hedera is a decentralized public network that empowers individuals and businesses of all scales to create and deploy decentralized applications (dApps) and services. It aims to address  existing challenges within the Ethereum network by potentially offering faster transaction speeds and lower latency. 

HBAR is the native token of the Hedera network. It allows participants to pay transaction fees, participate in consensus, and secure the network. Read on and learn how and where to purchase HBAR with a credit and debit card. 

What makes Hedera different?

Ethereum is a popular choice for deploying smart contracts, but it has limitations such as high transaction fees, slower speeds, and scalability issues. Several blockchain solutions have emerged as potential alternatives, offering lower transaction fees, faster speeds, and better scalability, earning them the nickname "Ethereum killers." 

Among the most notable networks are Solana, Polkadot, Avalanche, and Algorand, all of which are available for purchase on CEX.IO. 

Like these popular solutions, Hedera aims to offer a more efficient and effective ecosystem for developers and crypto enthusiasts, by allowing them to deploy dApps and smart contracts, and mint NFTs more seamlessly.

However, what sets Hedera apart from other blockchains is its consensus mechanism called Hashgraph. The Hashgraph protocol aims to achieve consensus through a gossip protocol combined with a virtual voting algorithm. It can offer advantages in terms of speed, fairness, and security compared to other consensus mechanisms (PoW and PoS). 

This innovative approach may provide a more robust and reliable foundation for decentralized applications and transactions on the Hedera network.

The Role of HBAR

HBAR plays two major roles within the Hedera network: 

• Transaction fees
• Securing the network

Participants can use HBAR to cover the cost of running applications and transactions on the blockchain. This incentivizes the network and helps it run more smoothly. 

Also, similarly to the CEX.IO crypto staking service, which allows eligible customers to potentially earn crypto rewards, Hedera users can allocate a portion of their HBAR to help secure the network and conceivably earn rewards. Earnings are distributed in the form of additional tokens or a share of transaction fees collected on the network. 

How to buy HBAR on CEX.IO? 

Eligible customers can obtain HBAR through Instant Buy, which allows newcomers and seasoned enthusiasts alike to acquire crypto seamlessly with their credit and debit cards. Alternatively, our members can buy over 200 listed digital assets via a crypto digital app or trade HBAR against USD and USDT on our Spot Trading platform.  

Purchase HBAR with a credit/debit card: Step-by-step instructions

The most intuitive way to obtain HBAR on CEX.IO is through Instant Buy. We tailored this feature with beginners in mind, allowing them to obtain crypto in a few simple steps. Here's how to buy HBAR with a credit and debit card instantly: 

1. Register with CEX.IO to obtain a free crypto wallet, allowing you to buy, sell, trade, and store cryptocurrencies.
2. Verify your account by providing required documents to comply with AML/KYC policies.
3. Locate Instant buy and pick HBAR from the dropdown menu.
4. Select the preferred fiat you wish to use for purchasing HBAR.
5. Determine the amount you want to spend to acquire HBAR. Make sure it aligns with your financial goals.
6. Choose credit/debit cards as the preferred payment method.
7. Enter your card details, including card number, label (Visa or Mastercard), and expiration date.
8. For a more cautious approach, review the transaction details and fees. If everything looks accurate, proceed with the purchase. 
9. Confirm the transaction by entering the one-time password (OTP) issued by your card provider.

Alternative payment methods

CEX.IO offers numerous gateways for enthusiasts to acquire HBAR and other cryptocurrencies. In addition to credit and debit cards, eligible customers can buy crypto with a bank transfer instantly, e-wallets (Skrill, Neteller), or mobile payment processors like Google Pay and Apple Pay. 

Note that some payment methods may be unavailable in certain regions. For example, bank transfers are not currently available for our U.S. members. However, they can conveniently buy crypto with PayPal. 

We advise interested parties to conduct thorough research before initiating any transactions for a smoother purchasing experience. 

FAQs

How to buy HBAR in the U.S.?

At present, HBAR is not available to our U.S. customers. However, eligible participants looking to trade crypto in the U.S. can explore our list of supported cryptocurrencies. U.S.-based users can buy Tether or buy USDC seamlessly through several gateways, including credit and debit cards, PayPal, Google Pay, and Apple Pay. 

How to track HBAR price?

Curious enthusiasts can visit our live crypto charts to track the value of Hedera's native cryptocurrency as well as its 24-hour trading volume. Additionally, they can delve deeper and explore real-time HBAR prices directly on our user-friendly Spot Trading platform. This allows the ability to observe market trends, analyze order book data, and potentially identify trading opportunities.