This article will show you how to exchange USD to HBAR.
- Sign up for an account with a cryptocurrency exchange that has Hedera Hashgraph in its currency list.
- Verify your account by uploading your ID, address and phone number.
- Deposit USD into the account by clicking on the ‘Deposit’ button and selecting ‘USD’ from the drop-down menu, then inputting your bank details and initiating a transfer from your bank account to the cryptocurrency exchange account.
- Once the deposit is complete, select ‘Exchange’ on the top navigation bar, then find Hedera Hashgraph in the list of cryptocurrencies and click on it to view its trading pair with USD (HBAR/USD).
- Select how many HBAR you want to buy with USD by entering a price in USD per unit of HBAR
Navigation of Contents
What is HBAR?
Hedera Hashgraph is a public, permissionless DLT. Hedera Hashgraph is the only DLT that offers total ordering of transactions, meaning that transactions are always applied to the ledger in the same order they were sent. Hedera Hashgraph uses a novel consensus mechanism called “Proof-of-Stake” which replaces expensive and energy-intensive computations with cheaper and environmentally friendly ones.Hedera Hashgraph is a public, permissionless DLT.
Hedera Hashgraph is the only DLT that offers total ordering of transactions, meaning that transactions are always applied to the ledger in the same order they were sent. Hedera Hashgraph uses a novel consensus mechanism called “Proof-of-Stake” which replaces expensive and energy-intensive computations with cheaper and environmentally friendly ones.
Hedera Hashgraph is a public distributed ledger that is built on the hashgraph consensus algorithm. It has the ability to process hundreds of thousands of transactions per second, which is much higher than Bitcoin and Ethereum.
The Hedera Hashgraph platform will be a public network for anyone to build on top of, without any central control. And it will be completely open sourced.
Hedera Hashgraph has created a new consensus algorithm that can reach consensus in under 3 seconds, while still being fair and secure.
What are the Steps for Exchanging USD for HBAR?
There are a few steps that need to be completed before you can exchange USD for HBAR.
- Find a cryptocurrency exchange that supports HBAR and USD trading pairs.
- Create an account on the chosen cryptocurrency exchange.
- Deposit funds into your account, and then purchase HBAR with those funds.
- Withdraw the HBAR from your account and store it in a secure wallet.
HBAR (Hedera Hashgraph) versus BRD (Bread)
Hashgraph is a consensus protocol that is completely decentralized and uses an algorithm called Gossip about Gossip (GPG). It is the first distributed ledger to use a gossip protocol for consensus. Hashgraph is faster than other distributed ledgers in terms of throughput, latency, and security.
Bread tokens are the native currency of BRD and are used as a form of payment for transactions on the network. BRD has been around since 2014 and has been developing its own blockchain since then. In 2019, BRD launched their mainnet on Ethereum with their own token called BRD which can be traded on exchanges. If you want to buy a Bread token you can exchange USD to BRD at LetsExchange.