“What if anyone on Earth, at any moment, could just wave their hand and carve out a world of their own in cyberspace?” states co-founder and chief scientist of the Hedera Hashgraph project, Dr. Leemon Baird. Aiming to bring this opportunity closer, Hedera Hashgraph enables faster transaction throughput, reliable, fault-tolerant network connection, transparency, and low commission fees.
The native cryptocurrency HBAR sustains the healthy environment within the Hedera Hashgraph ecosystem. We are going to inspect the best Hedera Hashgraph wallets for safe HBAR storage.
Hedera Hashgraph (HBAR) Cryptocurrency Basics
The Hedera Hashgraph project is something more than just a blockchain. Hedera Hashgraph is based on the directed acyclic graph (DAG) (that also used by IOTA) and utilizes hashgraph distributed consensus algorithm. With the help of a new technological solution, Hedera Hashgraph can process over 10,000 transactions per second (Bitcoin is limited to 7 tps) and lower commission fees (as it doesn’t require too much consumption power). Unlike traditional blockchains, the Hedera network is tolerant of DDoS attacks.
HBAR is a cryptocurrency of the Hedera Hashgraph used to secure the network and get access to the platform’s services. One cannot run the node without obtaining HBAR. The token is listed on a wide range of crypto exchanges, including Binance, HitBTC, OKEx, etc. HBAR token can also be purchased swiftly at the Changelly instant exchange. Buy Hedera Hashgraph with a credit card (Visa, MasterCard), bank transfer, and ApplePay.
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HBAR ranked number 43 in terms of market capitalization, according to CMC. The highest price – $0.416 – was reached in September 2019. The token hit the lowest price – $0.01 – at the beginning of this year on January 2.
Top 5 Hedera Hashgraph (HBAR) Wallets
HBAR can be stored on both hardware and software wallets. The list of mobile wallets allowing for the HBAR storage is limited. However, as soon as the technology is spread among the crypto community, HBAR is going to be listed on the most popular digital wallets like Trust Wallet, Exodus, Freewallet, and so on.
Hedera Hashgraph (HBAR) Mobile Wallets
Hedera Wallet is an official Hedera Hashgraph wallet available for iOS and Android mobile devices.
The wallet offers you to receive and send HBAR fast and securely with the lowest transaction fees. Hedera wallet provides access to the Hedera mainnet so that you can join the testing program and be able to earn HBAR tokens.
Clean and slick native UX/UI gives you seamless interaction with the Hedera wallet allowing you to use the app without any hiccups.
BRD wallet is recommended by the Hedera Hashgraph team. The wallet is open-source and available for free download in AppStore and GooglePlay.
With a simple yet comprehensive design in mind, the BRD wallet perfectly suits crypto newbies and provides quick access and perfect user experience to professional crypto enthusiasts. The wallet has recently added Hedera Hashgraph token to the list of supported assets, so be sure your HBARs will be stored in a safe and transparent way. The service provides a decent FAQ where you can find all the answers regarding issues with HBAR transactions.
BRD is a venture-backed company with customers in over 150 countries. The wallet has its own BRD token that provides extra perks for the token holders like loyalty and reward programs.
Hedera Hashgraph (HBAR) Browser Wallets
MyHbarWallet calls itself ‘the number one HBAR wallet.’ MHW is equivalent to the popular Ethereum wallet, MyEtherWallet. MyHbarWallet enables you to create HBAR wallets that operate securely on the Hedera Hashgrapgh network.
If you are familiar with the MyEtherWallet interface, there will be no problem with MHW usage. MHW introduces several ways for account creation: by a mnemonic phrase, by keystore, and with a hardware wallet (Ledger Nano). With free access and intuitive design, MyHbarWallet allows for the creation of accounts, generating private keys, and managing HBAR cryptocurrency.
Composer for Hedera Hashgraph
Composer is a Chrome extension that follows the same logic as MetaMask extension but for HBAR token. Composer connects you directly to the Hedera Hashgraph network and offers multiple additional features like generating keys, purchasing domain names, and so on.
The team of developers behind the Composer for Hedera Hashgraph are constantly providing updates, so the extension works properly with a limited number of bugs.
Track your HBAR transactions within your browser and store Hedera Hashgraph tokens securely via Composer.
Hedera Hashgraph (HBAR) Hardware Wallets
Please note the Trezor hard wallet does not support HBAR cryptocurrency yet.
Ledger Nano X/S
As of May 2020, HBAR cryptocurrency is available for safe custody on the Ledger Nano hardware wallet.
There is no doubt, Ledger is a leading hardware wallet on the crypto market. Providing access to more than 1000 crypto assets, Ledger Nano, both X and S models, allows users to store HBAR’s private keys in an ultra-secure manner. Just install the Hedera Hashgraph app and connect it to the Ledger device. However, HBAR is not available for the Live Ledger feature yet.
Ledger wallets minimize the risk of hacks, and by right are the safest options to store your digital assets.
Hedera Hashgrapgh is the next level in the world of FinTech. When mass adopted, Hedera Hashgraph is going to move the distributed ledger technology (DLT) over while bringing new concepts of upgraded decentralized solutions.
The wallets observed in this article allow you to store HBAR cryptocurrency safely. Hedera Hashgrapgh is a unique and revolutionary technology and Changelly is going to provide more information and Hedera Hashgrapgh news soon. Stay updated on our blog, and don’t forget to subscribe.
Changelly is a non-custodial instant cryptocurrency exchange service that acts as an intermediary between crypto exchanges and users, giving the latter an opportunity to exchange over 150 cryptocurrencies at the best market rates. Changelly offers its API and a customizable payment widget to any crypto service that wishes to broaden its audience and implement new exchange options.