Hedera (HBAR) ranks as the 26th largest cryptocurrency by market capitalization, valued at $6.76 billion USD**. Known for its volatility, HBAR’s price often experiences significant swings—currently trading at **$0.159434 USD, down from yesterday’s $0.173937652 USD. Over the past year, Hedera’s price surged by 116%, making it a compelling yet high-risk investment.
👉 Ready to invest in Hedera? Start here
Before purchasing HBAR, understand its unique risks, legal status, and tax implications in Canada. Follow this step-by-step guide to buy Hedera securely.
How to Buy Hedera in 5 Steps
Time required: ~15 minutes
Tools needed: Smartphone/computer, internet, photo ID, payment method.
Compare Crypto Exchanges
- Choose an exchange based on fees, ease of use, or customer support.
- Use comparison tables to evaluate features (example).
Create an Account
- Verify your email and identity (photo ID + phone required).
Deposit Funds
- Fund your account via bank transfer, credit/debit card, or cryptocurrency.
Buy Hedera
- Exchange CAD for HBAR. Beginner-friendly platforms offer one-click "buy" options.
Secure Your HBAR
- Transfer to a personal crypto wallet to mitigate exchange risks (hacks, scams).
Where to Buy Hedera in Canada
Compare exchanges by:
- Supported fiat currencies
- Deposit methods
- Fees
- Finder Score (rated out of 10 for transparency).
👉 Top-rated exchanges for HBAR
What Is Hedera?
Hedera Hashgraph is a public ledger using gossip protocol (not blockchain) for high-speed transactions. Key features:
- Native token: HBAR
- Speed: 10,000+ transactions/second
- Fees: <$0.0001 USD per transaction
Unlike blockchains, Hashgraph bundles transactions as "events" propagated randomly across the network, ensuring immutability.
How to Choose the Best Exchange
Consider:
- Fees (trading, withdrawal)
- Payment methods (bank, card, crypto)
- Regulatory compliance (FINTRAC registration)
- User reviews and support quality.
Tip: Use platforms with KYC verification for CAD deposits.
Payment Methods for Buying HBAR
Bank Transfer
- Low/no fees; slower processing.
Credit/Debit Card
- Instant but higher fees (~3-5%).
Cryptocurrency
- Trade BTC, ETH, or stablecoins for HBAR.
Storing Hedera: Wallets
| Type | Pros | Cons |
|------------|-------------------------------|-----------------------|
| Hardware | Maximum security | Cost (~$50–$200) |
| Software | Free, accessible | Less secure |
| Exchange | Convenient for trading | Risk of hacks |
Recommended: Ledger or Trezor for long-term storage.
Is Hedera a Good Investment?
Pros:
- High throughput, low fees.
- Council-governed (20+ global members).
- Utility in DeFi and smart contracts.
Cons:
- Volatility.
- Centralized governance (vs. DAOs).
ATH Comparison:
- Current: $0.159434 USD
- ATH (Sep 2021): $0.569229 USD
FAQ
1. Can I buy HBAR anonymously in Canada?
- No. Most exchanges require KYC for CAD deposits.
2. What’s the minimum investment for HBAR?
- As low as $10 CAD on some platforms.
3. How do I sell Hedera?
- Use the same exchange: Sign in → Sell/Convert → Transfer funds to your bank.
4. Are there taxes on HBAR in Canada?
- Yes. HBAR is treated as property by the CRA; capital gains apply.
5. What’s the best wallet for HBAR?
- Hardware wallets (e.g., Ledger) offer the highest security.
Disclaimer: Cryptocurrencies are speculative and high-risk. Past performance ≠ future results. Consult a financial advisor before investing.