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Best Exchanges to buy Hedera 2022 Pros and Cons

By Burle M. 5 min read

The process of buying Hedera is just like any other coin in the crypto market. It is not something that you can directly buy from your bank account or through organizations. This may be possible in future but for the time being, you'll have to use a cryptocurrency trading site to convert your USD into HBAR or other digital currencies. We are here to make this process for you as smooth as we can buy providing all the key details in this article. Let’s jump right into it.

Where to buy Hedera

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Hedera (HBAR) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Hedera.

1. Binance

Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.

Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.

Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.

Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy Hedera on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Hedera (HBAR) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Hedera you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Hedera you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired HBAR in your Binance Spot Wallet immediately.


2. OKX

OKX is clearly one of the more prolific exchanges on the market. However, the platform's past conduct, particularly how it handled its own users, has been recognized, and it would be smart to anticipate better behavior in the future.

Aside from that, OKX provides a one-stop shop for cryptocurrency trading and investment. OKX costs are in accordance with industry norms, and the exchange claims that it has never been hacked, despite reports to the contrary circulating on multiple occasions.

At the end of the day, OKX is a top 30 exchange with plenty of liquidity - clearly, the exchange is doing something well since it is there.

OKX Features

OKX cryptocurrency exchange is one of the most popular and functional tools for full-fledged work with digital assets today. The platform provides a remarkable collection of currencies, intriguing alternatives, speedy withdrawals, and a high level of system security.

  1. OKX is a major cryptocurrency trading platform with a one-stop shop.
  2. It is user-friendly and offers an easy-to-use interface.
  3. This platform is suitable for both novice and experienced traders.
  4. OKEx accepts 30 fiat currencies, including the US dollar, the Chinese Yuan, the euro, and others.
  5. It accepts 17 payment methods, including VISA, MasterCard, and others, for acquiring cryptocurrency.
  6. OKX's fiat gateway allows customers to purchase crypto for as little as 0% in transaction fees.
  7. The spot trading function offers an order book with great liquidity and low spreads.
  8. On the perpetual swap and future markets, users may trade cryptocurrency with up to 100x leverage.
  9. It prioritizes security and employs offline cold storage methods.
  10. The OKX app is also available for phones running Android and iOS.
  11. Other apps, such as referral and affiliate, reward users for referring new members to this site.
  12. The support system is extremely efficient and can be accessed in a variety of languages.

How to buy Hedera on OKX

Follow our step by step guide below to start buying Hedera (HBAR) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Hedera from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Hedera (HBAR) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Hedera will be instantly deposited to your OKX account after payment is completed.


3. KuCoin

KuCoin is a cryptocurrency exchange based in the Seychelles. The service provided by KuCoin cryptocurrency exchange is not limited to buying and selling crypto tokens or exchanging crypto tokens for Altcoins or fiat currencies. Furthermore, KuCoin's cryptocurrency loan service at unique interest rates varies from the rest of the world's crypto exchanges.

The platform is straightforward and simple to use. It is organized into stages for simple registration, following which one may begin trading. The number of cryptocurrencies and fiat currencies supported is extremely astounding. Furthermore, KuCoin provides 10x leverage for margin transactions, making it a popular exchange for passive profits.

KuCoin, being a crypto exchange with a global reach, is a practical choice that is accessible from most countries. Nonetheless, because KuCoin is a non-US-based exchange, US persons over the FBAR threshold must disclose it in FBAR filings.

KuCoin Pros

  • There are almost 200 cryptocurrencies supported.
  • There are several payment options.
  • Allows for the conversion of money to cryptocurrency and vice versa.
  • Downloading mobile apps for Android and iOS devices is simple.
  • Micro withdrawal wallets are now available.
  • Trading commission is rather minimal.

KuCoin Cons

  • Expensive costs when purchasing cryptocurrency with fiat currency (3 percent -12 percent).
  • Fiat currency cannot be withdrawn.

How to buy Hedera on KuCoin

Do you want to know how to buy crypto on KuCoin? This is also really simple. Follow the steps below to buy Hedera (HBAR) on Kucoin:

1.  Login to your newly created Kucoin Account, go to the Buy Crypto tab from the main menu.

2. After that, you must look for Hedera to purchase. To do so, type (HBAR) or (Hedera) into the search box on the right side of the page.

3. KuCoin will then provide all of the possible trading pairs for the Hedera.

4. Enter the amount  of HBAR you want to buy in crypto or your local money.

5. Choose a payment method (Credit Card ).

6. To confirm your purchase, click Preview Buy

7. If all of the information is accurate, click Buy to complete your transaction.


4. Gate.io

Gate.io is a Cryptocurrency exchanges platform that allows you to trade Bitcoin, Litecoin, Eth, and other blockchain assets. Within a few years, the exchange acquired global traction and is today available in virtually every country on the planet. However, the platform is presently not active in China, and its registered office has been relocated to Virginia, USA.

This trading platform not only supports over 800 main cryptocurrencies with over 1,000 trading pairings, but it also offers spot trade and margin trade. It has also expanded its offerings to include ETFs, options, futures, and derivatives for investors. It is primarily a platform for professional traders. Beginners with minimal expertise, on the other hand, will benefit from this platform as well.

Gate.io Features

The following are some of the exchange's features:

  1. The platform includes an easy-to-use design that is intended for both rookie and experienced traders.
  2. Apart from crypto trading, it allows margin, options, or swaps trading (spot exchange) with leverage of up to 100x.
  3. Provides traders with real-time market information and important charting tools for trading Altcoins, stablecoins, and DeFi tokens.
  4. Demo version available.
  5. Provides HODL profits through cryptocurrency investments.
  6. Allows for the pledging of one cryptocurrency asset in order to borrow another cryptocurrency asset.
  7. System with low trading fees, including no zero deposit charge and very minor withdrawal fees.
  8. Customer help is provided 24 hours a day, as is a detailed FAQ section and other resources.

Getting Started with Gate.io

Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.

Step 1: Go to the official Gate.io website and click Sign Up.

Step 2: On the next screen, enter your email address, and create a password.

Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).

Step 4: You will be prompted to confirm your email address.

Step 5: Once you've verified your email, you can simply Login to the site and begin trading!

Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.

How to buy Hedera on Gate.io

Follow our step by step guide to buy Hedera (HBAR) on gate.io:

1. Log in to your Account on Gate.io.

2. Click Buy Crypto fro main menu located at top bar. Here you will find three ways to buy HBAR coin (Credit card, Bank Transfer, P2P Trade).

3. Enter the purchase amount in USD. Now select/search Hedera from dropdown menu.

4. Incase of Credit card, gate.io offer multiple processing partners, select the one that offer services in your country.

5. Accept the terms and conditions and click Purchase.

Now you are Proud investor in Hedera (HBAR).

If you want to buy Hedera with another cryptocurrency. First, Transfer that currency into the Gate.io exchange using Deposit method after that go to the market page, search for HBAR and buy it using your deposit cryptocurrency.


5. Huobi Global

Huobi Pro is obviously and trades with lofty goals, as seen by its present aggressive worldwide expansion plan. As a trading platform, the exchange has few competitors in the cryptocurrency sector, and the breadth of digital currencies and tokens supported is a genuine strength. The alternative HADAX market will also earn many followers, and Huobi made a wise decision.

The registration procedure for traders who are not from China, Hong Kong, or Singapore is currently more difficult than ideal, but as local versions of the exchange come up in the United States and other Western countries, this should improve.

Huobi Global Features

  1. Provides Multiple Trading options like Margin,spot etc.
  2. Payment options that are adaptable.
  3. Over 900 trading pairs are supported.
  4. Trading commissions are as follows: 0.2 percent for the maker and 0.2 percent for the taker.
  5. Available on Google Play and Apple's App Store.
  6. Based on trading volume, it is the world's third largest cryptocurrency exchange.
  7. 348 cryptocurrencies are supported, with over 927 trade pairings.
  8. TradingView charts and tools are included in the advanced trading platform.
  9. Competitive Trading commissions of 0.2 percent.
  10. Institutional OTC trading.
  11. A reserve of 20,000 BTC has been set aside for severe security crises and breaches.

How to buy Hedera on Huobi Global

Follow the steps below to buy Hedera (HBAR) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select Hedera, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of HBAR you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.


Other Exchanges to buy Hedera

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy HBAR.

1. FMFW.io Join Now
2. HitBTC Join Now
3. Bitrue Join Now
4. Upbit Join Now
5. Binance US Join Now
6. Bittrex Join Now
7. BitBNS Join Now
8. BitMart Join Now


Conclusion

Choosing the best cryptocurrency platform for Hedera (HBAR) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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