Having the support of such big companies as Google, IBM, Boeing, and Tata Communications, Hedera Hashgraph has become one of the most popular projects in the Defi industry. It does not rely on blockchain technology like most of the Defi products which is the main feature making Hedera Hashgraph distinctive among the other crypto projects. Hedera also introduces a crypto-asset called HBAR which is traded at low prices and can generate good rewards.
But before you invest in Hedera Hashgraph, it’s essential to learn about its functions, technologies, and products to better understand if it can win the market or not. In this guide, we will tell you about the project and its cryptocurrency. You will also find the best platforms to buy Hedera Hashgraph (HBAR) coins online in the USA.
Where To Buy Hedera Hashgraph (HBAR) Coin In The USA
Are you looking on how to buy HBAR in the state? Well, there are hundreds of crypto exchanges and brokers in the USA. This can make it hard to know which platform is right for you.
List of the best Exchanges to buy Hedera (HBAR) in the USA:
Looking where to buy Hedera in the USA right now? Below you will find 4 of the best brokers that allow you to buy HBAR in the USA.
- Coinbase - Best exchange to buy Hedera Hashgraph (HBAR) for beginners
- OKEx - Best broker to buy HBAR in The US for low-cost
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
What Is Hedera Hashgraph (HBAR)?
Founded in 2018 by technology developers Leemon Baird and Mance Harmon, Hedera Hashgraph claims to be a safer and more scalable alternative to the traditional blockchains. The project was funded by the Initial Coin Offering and has since attracted several investors, including IBM, Boeing, Google, etc.
Hedera is a Defi product but it works completely in a different way than the blockchain and is based on ledger technology. The Hedera protocol is available for building dApps, tokens, tracking apps, etc. Hedera Hashgraph also has a native cryptocurrency called HBAR and is used within the Hedera ecosystem to pay for various services.
How Hedera Hashgraph (HBAR) Works And What Affects Its Price?
As mentioned previously, the Hedera Hashgraph protocol significantly differs from how blockchain works. Instead of applying a linear chain to make transactions, Hedera uses a so-called “gossip” protocol that conducts transactions in a non-linear way. This extremely improves the speed of the transactions and allows the protocol to run 10,000 transactions in a second which is very high compared to Bitcoin and Ethereum blockchains.
Meanwhile, Hedera provides cheaper transaction fees and significantly cuts the energy required for block mining. For example, to mine a new block on Bitcoin’s blockchain, you must run your computer for a very long time which consumes a lot of electricity and does great damage to the environment. Hence, besides being cheaper and more scalable than the blockchain, Hedera is also energy-efficient.
But in contrast to Bitcoin and several other blockchains, Hedera is less decentralized, which makes it a less friendly alternative in the Defi marketplace. All the nodes of the Hedera network are controlled by a group of 39 board members and the HBAR holders are not able to run their own node or stake HBAR to earn rewards. Still, Hedera promises to bring new improvements in the market and make node running available for anyone.
Though Hedera is a successful and revolutionary project in the industry, it still needs to prove its functionality and bring its goals into reality. If Hedera succeeds in this it can become one of the core projects in the Defi industry, and get a lot of investors which will consequently lead to price growth.
Is Hedera Hashgraph (HBAR) Coin A Buy Right Now?
The current price of the Hedera Hashgraph (HBAR) coin is $0.2 at the time of writing making it an affordable coin to invest for beginners. You can buy it in large amounts by investing a little money. Plus, HBAR coin is backed by an excellent Defi project which has a good potential to grow and get adopted in the market.
Meanwhile, we should note that HBAR is a crypto project and has volatile prices which makes it an extremely risky investment. So, when you invest in HBAR, you should consider that it’s highly possible to lose your capital in the end and not to put it in the project if you are not ready to lose it.
Hedera Hashgraph (HBAR) price history. Source: coinmarketcap.com
How To Buy Hedera Hashgraph (HBAR) Online In The US - A Step by Step Guide
In this section, we will provide a step-by-step guide for those who have decided to invest in the Hedera Hashgraph cryptocurrency project and don’t know where to start. But before jumping to the investing process, firstly you need to select a platform where you can undergo all these steps. It can be a brokerage platform or a cryptocurrency exchange but not all the platforms provide the same services and security systems.
1. Register for an Online Account and Deposit Funds
After you select on which platform you will buy Hedera Hashgraph cryptocurrency, you need to open an account. It requires a few simple steps, including providing some personal data, creating a username and a password, and verifying your account with an email and a phone number.
However, with regulated and reputable brokers, you will be also required to verify your account with ID and address. To trade on the platform you must definitely have funds on your account. Consequently, the next step is depositing money which you can do through several payment methods.
2. Buy Hedera Hashgraph (HBAR)
You can find the Hedera Hashgraph coin by searching HBAR in the search toolbar. Then, click on the “Buy” button and fill in the amount you want to buy. After making sure that you have done everything correctly, verify your purchase and wait for the coins to be transferred to your exchange account. When you see the number of the coins on your exchange wallet, your trade is a success.
3. Transfer Your Funds to a Hardware Wallet
Another thing to consider in purchasing Hedera Hashgraph cryptocurrency is where you will store them. There are multiple ways for doing this which you can select depending on your investment goals and budget. The first one is simply leaving your coins on your exchange account which will be kept secured when you trade with the regulated brokers.
The next option is to use a software wallet provided by the exchange or a separate company. These wallets are decentralized for which they are considered more secure than the exchange wallets. Alternatively, you can buy a hardware wallet that is even more secure as long as it’s a physical device and stores your coin offline.
Check Out: The Best 5 Ways To Buy Hedera (HBAR)
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
How To Trade Hedera Hashgraph (HBAR) In The US - A Step by Step Guide
While buying Hedera Hashgraph cryptocurrency is a quick and straightforward process where you can just purchase the asset and wait for the perfect moment to sell it and generate rewards, trading requires more attention and analysis of the market. Trading requires opening and closing positions regularly, so you must know how the market works, what are the trends, what can affect the prices of the asset to make your trades more efficient.
Another crucial factor is to select a good brokerage platform that can significantly affect the way you generate rewards. As you will buy and sell assets frequently, you must select a broker which charges low trading fees and operates quickly.
So, after you select a brokerage platform and analyze all the essential factors about the Hedera Hashgraph (HBAR) coin, you can eventually get to trading. But before you start the actual buy and sell process, you had better develop a trading strategy that can organize your trades and make them even more efficient.
Hedera Hashgraph (HBAR) Advantages And Disadvantages
If you still can’t make up your mind about investing in the Hedera Hashgraph coin, below we have listed its most essential advantages and disadvantages that will help you make a better decision.
Advantages:
- It’s a revolutionary project in the Defi industry.
- Hedera introduces a more scalable, secure, and cost-effective network.
- It’s developed by a team of professionals who set ambitious plans for the project.
- The team promises to make it available for everyone to run a node.
- Quite a popular project in the market that became popular in a short time.
- Google, IBM, Tata Communications, Boeing, and several other reputable companies invested in the project.
Disadvantages:
- HBAR is a volatile asset, so the investment involves high risks.
- The project is not widely supported by the crypto community.
- Provides less decentralization as it is controlled by the Hedera Governing Council.
What Is Hedera Hashgraph (HBAR) Price Prediction?
Taking a look at the Hedera Hashgraph (HBAR) price predictions conducted by different algorithms, we can notice that the results vary greatly. Two of the platforms that we explored predict a good rise for the value of this cryptocurrency, while the third one is very pessimistic about the future of the Hedera Hashgraph (HBAR) coin.
These two platforms are Digital Coin Price and Price Prediction. The first one foresees a slow but persistent growth for the asset. According to it, the average trading price for the asset will be at 0.27 this year, $0.3 in 2023, and will eventually hit $1 in 2031.
Price Prediction introduces even more bullish predictions, according to which Hedera Hashgraph coin can double its value this year and significantly increase reaching $1 in just two years. The price will break $3 in just 5 years and eventually it will be traded above $10 in 2031.
The only bearish predictions are those of the Wallet Investor. According to this platform, the value of the Hedera Hashgraph (HBAR) coin will decrease significantly and in one year it can drop to $0.0179.
Don't Miss: Hedera Hashgraph (HBAR) Price Prediction
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Virtual currencies are highly volatile. Your capital is at risk.
How Do I Mine Hedera Hashgraph (HBAR) In The USA?
You can’t mine the Hedera Hashgraph coin as it’s not using blockchain technology to manage the transactions. The network is based on the nodes which are operated by the Hedera Governance Council consisting of 39 board members. They are responsible for keeping the network safe, making new decisions, voting on changes, etc.
This protocol makes Hedera Hashgraph less decentralized than blockchain, as long as you cannot run a new node and all the nodes are governed by the Council. Still, Hedera has plans to expand its network and eventually make it available for everyone to run their own nodes.
What Is The Total Supply of Hedera Hashgraph (HBAR)?
Hedera Hashgraph has a maximum supply of 50 billion HBAR tokens, 19.5 billion of which are already in circulation. These tokens cannot be mined by creating blocks or nodes. You can buy or trade HBAR coins through brokerage or exchange platforms or invest in them when the project unlocks a number of its tokens. With its current value of $0.2, Hedera Hashgraph creates a market cap of $4 billion that ranks it #33 by market cap.
Things To Consider Before You Invest In Hedera Hashgraph (HBAR) In The US
Hedera Hashgraph is an excellent Defi project in terms of its features and goals. With an aim to bring more scalability, security to the network, and cost-effective transactions it has good chances to become a widely used product in the industry. In this regard, Hedera Hashgraph (HBAR) is a good long-term investment and can experience a significant price rise if it succeeds in accomplishing its aims.
Meanwhile, we should admit that Hedera Hashgraph is a new project in the industry and has a lot of competitors in the market. Hedera is not as decentralized as Bitcoin, Ethereum, and several other cryptocurrencies, and does not get too much support from the crypto community. Still, it is backed by several big companies which makes it a trustworthy project and worth buying. To buy Hedera Hashgraph (HBAR) coin in the US, select a crypto broker and sign up to make a purchase.
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