Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Hedera Hashgraph. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!
Australia has a decent amount of reliable and regulated crypto exchanges, so it’s quite easy finding an exchange that has Hedera Hashgraph. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.
Let’s get into it!
How to Buy Hedera Hashgraph in Australia
There are only 4 main steps involved and it’s pretty straightforward:
1. Choose a crypto exchange
As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Hedera Hashgraph in its list of cryptocurrencies.
Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.
And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.
So for this guide on buying Hedera Hashgraph, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Hedera Hashgraph.
It’s also possible to check out our comparison of the best places to buy bitcoin in Australia for those curious to know more about which ones we would recommend.
2. Sign up with the crypto exchange
Once you’ve decided on which exchange to use, it’s time to sign up.
Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.
Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.
Once done, it’s time for the next step.
3. Funding your account with AUD
To buy Hedera Hashgraph, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.
4. Buy Hedera Hashgraph
The final step is to go to their asset list, find Hedera Hashgraph, navigate to the buy section, and then trade your AUD for some HBAR. Once you’ve bought Hedera Hashgraph, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.
Where to Buy Hedera Hashgraph (HBAR)
|5/5||300+ cryptocurrencies||Visit Swyftx|
|4/5||200+ cryptocurrencies||Visit Coinspot|
|3/5||400+ cryptocurrencies||Visit Binance|
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How to Sell Hedera Hashgraph
If you’re thinking about selling Hedera Hashgraph, just follow the steps below.
- Sign in to the cryptocurrency exchange (like Swyftx).
- Click on Hedera Hashgraph in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
- FInd the sell section and sell Hedera Hashgraph for AUD, or trade it for another cryptocurrency.
Frequently Asked Questions
Is buying Hedera Hashgraph in Australia legal?
Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.
How to buy Hedera Hashgraph with PayPal?
Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Hedera Hashgraph. Have a look on their site first, you might be lucky.
How to buy Hedera Hashgraph with a credit card or debit card?
Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Hedera Hashgraph with your credit/debit card.
About Hedera Hashgraph
Hedera is the most popular and sustainable enterprise-grade network in the decentralized economic system. It allows individuals and businesses to create powerful and decentralized apps (DApps) using Hedera.
It is designed to be more fair and efficient than other blockchain-based platforms. This eliminates instability and slow performance.
The platform was funded by the initial coin offering (ICO) which was launched in August 2018. Just over a year later, open access to the mainnet was made available for the first time in September 2019. As part of the ICO, investors were able buy the native utility token (HBAR) from the ICO.
In the Hedera public networks, the HBAR token has a dual role.
Hedera services like file storage and smart contracts are powered by HBAR. It is also used to protect the network. To aid in the security and integrity of the platform, HBAR users can stake tokens.
Hedera Hashgraph is not built on a traditional blockchain, as most other cryptocurrency platforms are. A new type of distributed ledger technology is introduced in the Hashgraph.
This technology makes it more efficient than other blockchain-based options in several key areas, including speed, cost, and scalability. Hedera transactions are usually completed in five seconds. The average transaction cost is $0.0001 USD. Hedera Hashgraph claims it can process over 10,000 transactions per second, compared to approximately 5-20 for most proof-of-work (PoW) blockchains.
The platform offers many network services. These include:
- The token service allows users quickly to create and mint tokens on Hedera with just a few lines of code.
- Consensus service provides an additional layer of trust for any network or application that needs a log of secure and verifiable events.
- Smart contract tools can be used by developers to create decentralized, powerful applications.
- Decentralized file storage services include controlled mutability, proof-of deletion and time-based file expiry.