Quick summary: Our recommendation is to use eToro to short Hedera Hashgraph. They have the most popular cryptocurrencies on offer, great support, and have an easy system for shorting cryptocurrencies in general.

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Hedera Hashgraph

While there are a lot of options out there for buying HBAR, shorting is a different story. Luckily for us here in Australia, we do have a few crypto brokers and exchanges that allow for CFDs and shorting.

One of those brokers is eToro, which we’ll be using for this guide. Let’s get started!

How to Short Hedera Hashgraph in Australia

A quick recap first on what shorting actually is: The main objective of shorting or short selling is to make a profit (of course). The idea is to sell a stock/cryptocurrency hoping it will drop in value so you can buy it back later for cheaper, thus creating a net profit.

Shorting Hedera Hashgraph can be done in 4 easy steps:

  1. Choose a crypto broker or exchange
  2. Create an account
  3. Fund your account
  4. Short Hedera Hashgraph

1. Choose a crypto exchange

As mentioned before, for this guide we’ll be using eToro as they offer the ability to short the most common cryptocurrencies.

You can, of course, use any other crypto broker to follow along, they all work very similarly.

2. Create an account on the cryptocurrency exchange

Let’s start with just signing up with eToro.

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The sign-up process is very easy, as is the verification that needs to be completed afterwards so you can get started.

3. Funding your account

Next is funding your account. You have several options when it comes to depositing AUD into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.

4. Short Hedera Hashgraph

Now for the actual shorting:

  • Starting off at the search bar at the top, find Hedera Hashgraph by entering the name or symbol.
  • Then on the crypto page/section, on the right side, hit the TRADE button to enter the trading interface.
  • At the top of the trading interface: Click on sell to short sell the stock.
  • Enter the amount for which you want to sell Hedera Hashgraph and click on “Open Trade”.

Once you’re ready to close the trade, hopefully when the value of Hedera Hashgraph has dropped, go to your Portfolio, find the Hedera Hashgraph trade, and click on the red cross to close the trade.

If your assumption/prediction was right, then the profit will be added to your account after closing the trade. If you were wrong on the other hand, you’ll incur a loss which will be debited from your eToro account.

Congratulations, now you know how to short Hedera Hashgraph!

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Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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Where to Short Hedera Hashgraph (HBAR)

Aside from eToro, the other major exchange you can use is Binance.

While Binance tends to be a bit more complex compared to eToro, they do have more cryptocurrencies on offer.

Frequently Asked Questions

Can I short Hedera Hashgraph on Binance?

Yes, you can short Hedera Hashgraph on Binance. They have over 300 cryptocurrencies on offer and specialise in the crypto market. They also have a great app and competitive fees.

About Hedera Hashgraph

Hedera is the most popular, sustainable, and enterprise-grade network for decentralized economies. It allows individuals to create powerful DApps (Decentralized Applications) that can be used by businesses.

It is intended to be fairer and more efficient, eliminating some of the limitations of older blockchain-based platforms such as instability and slow performance.

It was funded by an initial coin offer (ICO) in August 2018. The platform's mainnet was then opened to the public just over a calendar year later, in September 2019. Investors could purchase the native utility token (HBAR), of the platform, as part the ICO.

The HBAR token serves two roles within the Hedera network.

First, HBAR is what powers Hedera services like smart contracts, file storage, regular transactions, and other features. Second, it helps secure the network. HBAR token holders can stake tokens to support the integrity of the platform.

Hedera Hashgraph is founded by two people: Dr. Leemon Baard and Mance Harm.

Dr. Leemon Baird is known as the investor in the hashgraph distributed consens algorithm. He currently serves the chief scientist at Hedera.

Baird had more than a ten-year experience in various security and computer science roles. He was also a senior research scientist at Cyberspace Research's Academy Center. He is also co-founder and CTO of Swirlds Inc. which provides a platform to build DApps.

Mance Harmon, Hedera’s CEO and an experienced tech executive and entrepreneur, is the opposite. Harmon has more than two decades experience as an executive at well-respected firms, many of which are in IT security. Mance Harmon is the co-founder of Swirlds Inc. and its CEO, just like Dr. Leemon.

Hedera's leadership team is made up of more than a dozen people, many with distinguished careers.

Hedera Hashgraph doesn't use a standard blockchain like most other cryptocurrency platforms. Instead, it introduces an entirely new type distributed ledger technology called the Hashgraph.

This technology allows it improve upon other blockchain-based alternatives in many key areas such as speed, cost, and scaleability. Hedera transactions are free of transaction fees, with an average cost of $0.0001 US and usually reach finality within five seconds. Hedera Hashgraph claims to be able to handle over 10,000 transactions per minute (TPS) compared with the average of 5-20 for most proof-of-work-based blockchains.

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