Where to Buy Hedera (HBAR) in Canada in 2022

Photo of author

by Enoch Omololu

Updated

Advertiser Disclosure

Looking to buy Hedera Hashgraph (HBAR) in Canada? This guide covers how and where to buy Hedera coins and the crypto exchanges that support it.

Hedera is a popular public network that is considered an alternative to blockchains and is used to power decentralized applications.

Read on to learn about how it works and more.

What is Hedera?

Hedera is a cryptocurrency platform that allows individuals and businesses to create and deploy decentralized applications(DApps). It was founded by Dr. Leemon Baird and Mance Harmon and launched its mainnet in 2019.

Hedera uses a new type of distributed ledger technology called Hashgraph and was designed to eliminate limitations such as instability and slow performance faced by blockchain-based platforms.

To stand out from other platforms and achieve speed and scalability at a low cost, Hedera restricts the number of nodes involved in validating transactions by allowing only approved nodes to timestamp and order transactions.

That helps achieve quick finality and reduces the likelihood of changes to the state of completed transactions.  Hedera claims that its network can handle over 10,000 transactions per second, with an average transaction fee of $0.0001 per transaction.

The Hedera network is governed by the Hedera Governing Council, a group of 39 members, with some of the top businesses like IBM, LG, and Boeing acting as nodes within the network

HBAR, the network’s native token, is an energy-efficient cryptocurrency used to power Hedera services, compensate nodes, and staking to help secure the network.

How To Buy Hedera

Follow these steps to buy Hedera Hashgraph in Canada:

  1. Open an account at a crypto exchange that allows its customers to buy and sell HBAR
  2. Fund your crypto account with Canadian dollars or deposit crypto from another exchange or your personal wallet
  3. Buy the amount of Hedera you need and either store it on the exchange or move it to a hardware wallet like Ledger Nano X

Where To Buy Hedera Hashgraph in Canada

The following crypto exchanges and brokerage platforms offer Hedera:

Newton

The Newton crypto trading platform offers Hedera and 70+ other crypto coins.

This user-friendly broker is great if you are a beginner and you can fund your account using Interac e-Transfer or bank wire. You can also deposit crypto.

Trading fees on Newton range between 0.50% and 0.70%, and fiat deposits or withdrawals are free.

Newton secures most of its digital assets using cold storage.

Newton

newtonlogo

Trade several popular coins

Excellent crypto broker for newbies

Up to 0.70% trading fee

Get a $25 bonus when you trade $100

Binance

Binance is the world’s largest cryptocurrency exchange and it supports the Hedera Hashgraph coin and hundreds of others.

This platform is not available in Ontario.

Trading fees on Binance vary based on your account tier and can be up to 0.10%.

Crypto.com

Crypto.com is one of the largest crypto exchanges in the world with hundreds of cryptocurrencies available, including HBAR.

You can fund using multiple fiats, crypto deposits, and also pay with a credit card if eligible at your location.

The trading fees at Crypto.com are up to 0.50%.

If you are looking for a crypto credit card, Crypto.com offers them as well.

Crypto.com

crypto.comlogo

Offers 200+ popular coins

Has a crypto app for beginners

Up to 0.40% trading fee

$25 bonus when you stake for Visa card

NDAX

NDAX is a top Canadian crypto exchange with extremely low fees and 30+ coins including Hedera HBAR.

This platform is well suited for both beginners and experienced crypto traders.

You can fund your account using Interac e-Transfer, wire transfer, bank draft, or crypto deposits.

The trading fee on NDAX is 0.20%. Fiat deposits are free and you pay a $4.99 fee when you withdraw.

Coinbase

This U.S.-Based crypto exchange is also available to Canadians and you can use it to buy and sell Hedera.

The trading fees on Coinbase are up to 0.50%, with varying fees for fiat deposits and withdrawals. Learn more in this review.

Hedera Cryptocurrency Wallet

You can store HBAR in your crypto account wallet or move it offline to a hardware wallet for better security.

Top HBAR hardware wallets are:

Is Hedera a Good Investment?

Although Hashgraph handles faster transactions (compared to Bitcoin and Ethereum), it hasn’t seen as much fanfare or attention as the other top 10 cryptocurrencies by market capitalization.

That said, there is a chance it could really do well in the future.

Best Crypto Offer This Month

Overall best crypto exchange in Canada + $50 bonus

Crypto trading platform for beginners and advanced traders.

Access to several popular coins.

Low trading fees at 0.20% and multiple fiat currencies supported.

$50 instant bonus when you deposit $200.

Easily deposit and withdraw both fiat and crypto.

A publicly traded company on the Canadian NEO exchange.

Retirement 101 eBook - 3D

Author

Photo of author
Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Share
Pin
Tweet
WhatsApp
Reddit