A Beginner’s Guide to Buying and Trading Hedera Hashgraph Cryptocurrency in The UK
Hedera Hashgraph is a private network that offers a faster and more scalable alternative to traditional blockchains. It’s a brand new project in the industry but has already generated a lot of attention and attracted several investors, including such giant companies as Google and Boeing. Hedera Hashgraph offers various services and has also launched a native token called HBAR which you can buy and sell to earn from price movements.
But before you start trading HBAR cryptocurrency it’s mandatory to know how Hedera Hashgraph works and explore the market to maximize your investment outcomes. This guide presents all the necessary information you need to know about the Hedera Hashgraph project, shows its main pros and cons, introduces the best platforms to trade, and explains how to buy Hedera Hashgraph (HBAR) coins in the UK.
How To Buy In Hedera Hashgraph In The UK – Quick Guide
To help you buy Hedera Hashgraph coins as quickly as possible, we broke the process down into a few easy steps:
- Step 1: Open an account with eToro – Head to eToro’s website and click join now to open a new account.
- Step 2: Verification – By uploading essential documents that show proof of identity and home address, you will get your account verified in a short time.
- Step 3: Deposit – Fund your new eToro account with a minimum of $10.
- Step 4: Search for Hedera Hashgraph on eToro – Search for HBAR or Hedera Hashgraph in the eToro crypto market.
- Step 5: Buy HBAR – Enter the amount of the worth of Hedera Hashgraph you want to purchase in United States Dollars (USD), then click Open Trade.
That’s it! By following these easy steps, you can invest in Hedera Hashgraph in the UK in less than 5 minutes.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Best UK Crypto Exchanges To Buy Hedera Hashgraph (HBAR)
Hedera Hashgraph is listed on many major cryptocurrency exchanges and brokerage platforms. If you are familiar with this coin and want to invest in it without going too much into details, below you will find the best platforms to buy Hedera Hashgraph in the UK. We have selected these brokers based on such components as their security features, privacy policy, trading fees, advanced and easy-to-operate interface, etc. Overall, we consider eToro as the best platform to buy Hedera Hashgraph in the UK.
- eToro - Best broker to buy Hedera Hashgraph (HBAR) in The UK
- Binance - Best exchange to buy HBAR in The UK for asset diversity
- Coinbase - Best exchange to buy Hedera Hashgraph (HBAR) for beginners
- OKEx - Best broker to buy HBAR in The UK for low-cost
What Is Hedera Hashgraph (HBAR)?
Hedera Hashgraph was founded in 2018 through the Initial Coin Offering. It was developed and launched by two technology developers and entrepreneurs Mance Harmon and Leemon Baird. The first thing that is worth mentioning about the project is that it is not based on blockchain technology and calls itself the third generation of the public ledger.
Using a completely different protocol known as “gossip”, Hedera Hashgraph claims to offer faster, more secure, and more scalable transactions. In contrast, decentralization suffers a great deal, as Hedera isn’t an open-source protocol and is governed by the Hedera Governing Council consisting of 39 members. The latter has the right to vote on changes, should protect the network, and monitor if the fundings are relocated correctly.
Since its creation, Hedera has attracted a lot of investors including Boeing, Tata Communications, Google, IBM, and several others. Plus, lots of tracking apps were designed through the Hedera protocol, including Everyware, AdsPax, The Coupon Bureau, etc. Hedera also issued a cryptocurrency, HBAR which is used to pay for the services within the network.
Hedera Hashgraph (HBAR) price history. Source: coinmarketcap.com
Should You Buy Hedera Hashgraph (HBAR)?
Whether you should invest in Hedera Hashgraph (HBAR) or not depends on your investment goals and budget. The problem is that cryptocurrencies are very volatile and investing in them involves significant risks. So, when buying HBAR coins you must always be ready to lose your money, meaning that you shouldn’t invest what you can’t afford.
Meanwhile, Hedera is a unique project in the DeFi industry and has generated a lot of public attention. The coin is listed on several major cryptocurrency brokers and exchanges. It has a market cap of $4 billion which ranks it #33 on the market cap chart. In its turn, the Hedera Hashgraph project introduces distinctive solutions to the market. Of course, all these features are not enough to predict if Hedera is a good buy or not, so you should do a lot of research before that. But at least they ensure Hedera is a reliable project and is worth considering.
How To Buy Hedera Hashgraph (HBAR) Online In The UK - A Step by Step Guide
To buy Hedera Hashgraph in the UK, you will need a cryptocurrency broker that supports customers from the UK and lists Hedera Hashgraph coins. On top of these two factors, you need to also review several platforms to find out if they offer fair and competitive trading fees, safe trading experience, and versatile functions. To help you sort out this situation and not to spend a lot of time on the search phase, we recommend that you buy it from one of the following brokers.
eToro
eToro is one of the most honorable brokers in the industry with more than 20 million registered users from 140 countries. Among eToro’s exceptional features are its no-commission trading and extremely easy-to-operate interface. The broker is designed in a way to satisfy traders of various levels providing a couple of unique social trading tools for beginners and a bunch of advanced tools and trading options for professional investors. eToro is a strongly regulated broker and safeguards its users with top-notch security systems. The broker offers a competitive pricing structure: it charges low spreads that differ depending on the asset and a small withdrawal fee. There are no other trading fees, hidden fees, or account management fees.
Binance
Binance is a top-rated cryptocurrency exchange in the market and is considered the largest exchange in terms of liquidity. It’s a safe and highly functional platform with 600+ crypto assets, including the most commonly traded assets. Apart from the exchange platform, it offers a decentralized crypto wallet called Trust where you can securely store your cryptocurrencies and NFTs. Binance is not regulated which makes it less trustworthy than eToro but provides robust security systems to prevent malicious login attempts and protect your account.
1. Register for an Online Account and Deposit Funds
The first step in buying Hedera Hashgraph is to visit the broker of your choice and open an account on its platform. Creating an account is extremely simple and would require less than an hour. But it’s also a mandatory step to verify your identity as long as you trade with a regulated broker.
When you complete the registration and verification phases, you can charge your account to start buying Hedera Hashgraph. There are multiple ways to do this, including bank cards, bank and wire transfers, Skrill, Neteller, Paypal which may be available depending on the platform.
2. Buy Hedera Hashgraph (HBAR)
Now, it’s high time to buy Hedera Hashgraph using the funds on your exchange account. Find the coin in the list of the supported cryptocurrencies or just search HBAR. Click on the “Trade” or “Buy” button next to it and type the amount you are ready to invest. Do a final check to make sure you have filled in everything correctly and complete the transaction.
3. Transfer Your Funds to a Cold Storage Wallet
The last one is a non-compulsory step but you can consider storing your coins on a decentralized wallet if you would like. Actually, your coins are still safe on your exchange account as long as you use a reliable broker. Still, it’s a centralized option for keeping your assets. To provide even more secure storage for them you can buy a hardware wallet and keep your assets offline. Despite being so secure, hardware wallets are still pricey and non-practical, so you can only use them to keep more expensive assets.
Don't Miss: The Best 5 Ways To Buy Hedera (HBAR)
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
How To Trade Hedera Hashgraph (HBAR) Online In The UK - A Step by Step Guide
Trading Hedera Hashgraph can be highly profitable as it’s traded at low prices and the price movements can bring you a great harvest. But as it says, the higher the rewards, the more risks it involves. Consequently, before you get started to trade Hedera Hashgraph you need to be aware of some factors to control the risks as much as possible.
The first thing to consider is to get an idea about the asset you are going to purchase. Hedera Hashgraph is an advanced project: it offers multiple services and introduces new technologies in the industry. We have already reviewed the project and explained its aims in this guide. Still, you can follow its website, social media to get the latest news and improvements about the network.
Additionally, you need to do market research meaning you should explore Hedera Hashgraph's price history, how it started, what affected its price drops and growths, etc. Meanwhile, you should also research how the cryptocurrency market works overall, get familiar with different charts, graphs, trading techniques, market trends, and not only.
Finally, when you finish the fundamental and market analyses of the asset, you can start planning your trades. Develop a trading strategy and get started trading Hedera Hashgraph. In this phase, you have another crucial task to accomplish - selecting a brokerage platform which may seem a frightening process at the beginning with so many brokers springing up around. But you can avoid this phase by selecting one of the brokers from our recommendation list.
Hedera Hashgraph (HBAR) Pros And Cons
Here is a summary of the benefits and disadvantages of the Hedera Hashgraph cryptocurrency that will help you in the decision-making process.
Pros:
- The project offers a more scalable alternative to traditional blockchains.
- The protocol can process 10,000 transactions per second.
- Offers low transaction fees and less energy is consumed to process transactions.
- It’s backed by a professional team of developers.
- Hedera Hashgraph got investments from different reputable companies, such as Google, IBM, Boeing, etc.
- Allows building decentralized apps and native tokens.
Cons:
- It’s highly centralized for which it lacks the support of the crypto community.
- Has strong competitors in the industry.
Is Hedera Hashgraph (HBAR) A Good Long-Term Investment?
When making a long-term investment, you should mainly consider the fundamental analyses of the particular asset. How will the asset perform in the future? What services does it offer - is it just a crypto project or offers other valuable DeFi solutions?
In Hedera Hashgraph’s case, we notice that the main emphasis is not on its cryptocurrency. It tries to offer a solution to one of the most crucial DeFi problems by creating an alternative to the blockchain where transactions are conducted faster and at lower prices.
Hedera Hashgraph is not the prevailing product in the market so it has a lot to do to be widely adopted and become a well-established crypto project. This fact creates a lot of risks for investing in Hedera Hashgraph in the long term. In contrast, the project has big support from giant companies who have invested in it making it a reliable product. In a word, we can say that Hedera Hashgraph can be a good long-term investment only if you invest in it reasonably and consider that there are still risks of losing money.
What will be Hedera Hashgraph (HBAR) Worth in 2025?
The market forecasting algorithms are overall optimistic about the future prices of the Hedera Hashgraph (HBAR) cryptocurrency. Still, one of such algorithms made by the Wallet Investor predicts that the coin can crash in the near future and HBAR value will drop from $0.2 to $0.18.
In contrast, the Price Prediction platform predicts that Hedera Hashgraph will increase over the next few years. According to it, HBAR will double its value this year ($0.4) and triple it in 2023 ($0.6). It will finally hit $1 in 2024 and hit $10 after 2030.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $0.66 | $0.69 | $0.81 |
| 2024 | $0.97 | $1.00 | $1.17 |
| 2025 | $1.38 | $1.43 | $1.67 |
Digital Coin Price is also optimistic about the future prices of Hedera Hashgraph (HBAR). Still, it forecasts a slow and gradual growth for the coin and predicts that it will hit $1 only in 2030. Still, we want to mention that these are only predictions made by algorithms and you don’t need to take them for granted. It’s crucial to consider not only one factor when you invest in cryptocurrencies but to combine and analyze several of them.
| Year | Minimum Price | Average Price | Maximum Price |
|---|---|---|---|
| 2023 | $0.28 | $0.31 | $0.34 |
| 2024 | $0.26 | $0.32 | $0.37 |
| 2025 | $0.36 | $0.40 | $0.47 |
| 2026 | $0.34 | $0.36 | $0.39 |
| 2027 | $0.40 | $0.47 | $0.61 |
| 2028 | $0.61 | $0.67 | $0.74 |
| 2029 | $0.82 | $0.84 | $0.87 |
| 2030 | $0.92 | $0.97 | $1.00 |
Check Out: Hedera Hashgraph (HBAR) Price Prediction
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
What’s The Purpose Of The Hedera Hashgraph (HBAR)?
Hedera Hashgraph offers a protocol on which you can create decentralized apps and systems. The most unique thing about the project is that it does not rely on the traditional blockchains which run the transaction in a linear chain.
It uses the so-called gossip protocol which allows the creation of a nonlinear chain. In this way, Hedera Hashgraph significantly lowers the time needed to verify the transactions. The network claims to be able to run 10,000 transactions per second which makes it a more scalable alternative to blockchain.
Is Hedera Hashgraph (HBAR) Mining Profitable?
Hedera Hashgraph (HBAR) is not based on blockchain technology which means it does not use any Proof of Work or Proof of Stake mechanism to create new blocks. It means that you can’t mine or stake HBAR coins in the traditional way as you do with BTC or ETH. The project has a maximum supply of 50 billion HBAR tokens which gradually get unlocked by the Hedera Hashgraph team and during these stages you can invest in Hedera Hashgraph cryptocurrency.
Buying Or Trading Hedera Hashgraph (HBAR) - Things To Take Into Consideration
In a word, Hedera Hashgraph is a DeFi product that uses technologies completely different from traditional blockchains. On one hand, it improves the scalability of the network allowing more transactions in a short time. On the other hand, it makes the network more centralized, as it is governed by a board of 39 investors.
Anyway, Hedera Hashgraph (HBAR) seems to be a good cryptocurrency to buy as it has become quite popular in the market. To buy Hedera Hashgraph (HBAR) in the UK, browse our recommendation list and choose one of the best cryptocurrency brokers to start trading.
eToro — Top Cryptocurrency Platform To Buy Hedera
eToro have proven themselves trustworthy within the crypto industry over many years – we recommend you try them out.
Crypto asset investing is highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.
Read More:
9 Growth Cryptocurrencies That Are Undervalued
Top 10 Most Important Cryptocurrencies Other Than Bitcoin
The Top 15 Cryptocurrencies To Buy