How to buy Hedera (HBAR) in Canada

Learn how to buy Hedera (HBAR) on 11+ crypto exchanges in our step-by-step guide.

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Hedera (HBAR) is the 18th largest cryptocurrency by market cap, valued at US$8,212,646,340.

Hedera is a highly volatile asset capable of major price swings in a single day. Today the price of HBAR is $0.194618 USD, which is higher than yesterday's trading price of $0.1881958905 USD. Over the past year, Hedera's price has seen an increase of 44%.

So before you buy Hedera, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy Hedera.

How to buy Hedera in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Hedera is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Hedera
    You can now exchange your funds for Hedera. On beginner-friendly exchanges, this is as simple as entering the CAD or HBAR amount you want to purchase and clicking "buy".
  5. Secure your Hedera
    Consider transferring your HBAR to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Hedera in Canada

Find an exchange to buy, sell and trade HBAR by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 5 of 6
Product GXFCY Finder Score Fiat currencies Cryptocurrencies Deposit methods Offer Disclaimer
Uphold
Uphold logo
8Great

20

219

Credit card, Debit card, Apple Pay, Google Pay
Go to site

Capital at risk

View details
VirgoCX Cryptocurrency Exchange
VirgoCX logo
7.3Great

2

78

Credit card, Cryptocurrency, Debit card, Interac e-Transfer, Wire transfer
Get a $20 bonus when you open a new account and deposit $100+. T&Cs apply.
Go to site

Capital at risk

View details
Coinbase
Finder Award
Coinbase logo
9.7Excellent

1

242

Debit card, Electronic Funds Transfer, Interac e-Transfer, PayPal

Capital at risk

View details
Bitbuy Digital Currency Exchange
Bitbuy logo
8.7Great

1

53

Cryptocurrency, Interac e-Transfer, Wire transfer

Capital at risk

View details
Crypto.com App
Finder Award
Crypto.com logo
9.4Excellent

31

372

Bank transfer, Credit card, Cryptocurrency, Debit card

Capital at risk

View details
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Finder Score for crypto exchanges

To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score the better the exchange - simple.

Read the full methodology

What is Hedera?

Hedera Hashgraph is a public distributed ledger system. Hashgraph doesn't use a blockchain like most other cryptocurrencies. Instead, it uses a "gossip protocol" designed to facilitate high-speed transactions.

Hashgraph is the name of the technology itself. A hashgraph is just one way for computers to talk to each other, while a blockchain is a different way. Hashgraph was invented by a tech company called Swirlds, which then decided to create an entirely public version of this technology. This opened the door for anyone to appropriate the technology, which lends itself to applications like cryptocurrency.

Traditional blockchains work by packaging transactions into blocks and then having miners compete to process each block. By contrast, Hashgraph packages transactions as "events" on the fly and then just lets them wash through the network. When you make a transaction on Hashgraph, your computer will pack it into an event and communicate that event to 2 randomly chosen computers in the network. These 2 computers will then communicate that transaction to 2 more and so on. At this point, you will have blockchain-like levels of immutability and trustlessness.

The native token on this public hashgraph network is called HBAR.

How do I find the best places to buy Hedera?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Hedera?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Hedera.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing HBAR with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Hedera?

Once you've created an account, you will need to deposit funds to buy HBAR with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy HBAR:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase HBAR by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for HBAR on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Hedera?

The easiest way to buy HBAR is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying HBAR, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Hedera has been performing recently.

Best Hedera wallets to store your HBAR

You can keep your HBAR on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your HBAR below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,000+

Price (USD)

$149

Price (USD)

$129

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Hedera a good investment?

Prior to investing in any asset, it is important to conduct thorough due diligence so you understand the factors that may influence the price. In the case of HBAR, here are some things you should know:

  • Hashgraph: As blockchain technology evolves, the community has seen the development of a wide number of alternatives to Satoshi Nakamoto's original vision. However, Hedera is one of the first cryptocurrencies to not use a blockchain at all. It is worthwhile assessing how Hedera's network works in comparison to other, smart-contract capable protocols such as Ethereum and Polygon. Hedera claims that its network can process more than 10,000 transactions per second with transaction fees of less than $0.0001 USD, which holds it in good stead relative to many blockchains.
  • Token use-case: The HBAR token has two primary uses. Firstly, it is a utility token that is vital for the operation of the Hedera ecosystem, including smart contract deployment, executing transactions and storing data. Secondly, HBAR holders can stake their tokens to secure and maintain the economic functioning of the network.
  • Governance: Hedera's governance structure is slightly different to many other decentralised protocols. The network does not use a decentralised autonomous organisation (DAO) and token holders do not typically vote on proposals. Instead, the direction of Hedera is dictated by a council comprising 20+ members from around the world. These council members are intended to represent a diverse range of business sectors to ensure decentralised decision-making that serves no one particular agenda. Those that prefer solely community-driven projects may want to consider alternatives to Hedera.

Today's Hedera price versus ATH

Compare today's price of Hedera ($0.194618 USD) against its all-time-high price of $0.569229 USD on 15 September 2021. The closer the bar is to 100%, the closer HBAR is to reaching its ATH again.

Hedera's price: $0.194618
ATH date: September 15, 2021
34.19%

Hedera ATH: $0.569229


How to trade, convert or sell Hedera

You can convert or sell your HBAR with the same exchange you bought it through:
  1. Sign in to the exchange you have HBAR on.
  2. If you store your Hedera in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of HBAR you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Hedera.
  6. Complete your transaction and move your HBAR to a wallet for storage.

Disclaimer: Cryptocurrencies, including Hedera, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of HBAR is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Hedera or any other cryptocurrency discussed.

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