6 Ways You Can Buy HBAR In Singapore

Last updated on September 21st, 2021

Hedera Hashgraph’s HBAR token touts itself as a 3rd generation cryptocurrency. They aim to have more transactions per second, as well as lower transaction fees.

If you believe in this project, you may want to own some HBAR tokens.

Here’s what you need to know.

How to buy HBAR in Singapore

Here are 6 ways that you can buy HBAR in Singapore:

1. Coinhako
2. Liquid
3. Binance
4. Huobi
5. Bittrex
6. OKEx

Here is a summary of all platforms,

Platform	Trading Fee
Coinhako	0.8% – 1%
Liquid	Up to 0.3%
Binance	Up to 0.1%
Huobi	Up to 0.2%
Bittrex	Up to 0.35%
OKEx	Up to 0.1%

and here is each method explained in-depth:

Coinhako

Coinhako is the most straightforward way of buying HBAR in Singapore.

This is because you can directly buy HBAR from SGD!

How to buy HBAR on Coinhako

Here are the steps that you’ll need to do to buy HBAR on Coinhako:

1. Deposit your SGD into your SGD wallet
2. Go to ‘Trade’
3. Look for HBAR and click on Buy
4. Select the amount of SGD you wish to use to purchase HBAR
5. Verify the transfer

#1 Deposit your SGD into your SGD wallet

To start buying crypto on Coinhako, you will need to fund your SGD wallet first. There are 2 ways you can do so:

1. Xfers
2. Direct FAST transfer

In the past, you could only use Xfers to deposit your funds into Coinhako.

Xfers acts as a middleman between the crypto exchange and your bank account.

However, you are now able to transfer your funds directly to your SGD wallet via FAST.

Don’t forget to include your unique deposit code in the comments section of the transfer. This will help Coinhako to match the deposit to your account.

You do not incur fees when depositing via FAST. Meanwhile you will incur a 0.55% fee for each deposit via Xfers.

FAST is the more cost effective way to deposit your SGD into Coinhako. However, it may take a longer time for your funds to be processed compared to Xfers Direct.

#2 Go to ‘Trade’

On Coinhako’s platform, you’ll need to go to the ‘Trade‘ section.

This is where you are able to buy and sell crypto on Coinhako.

When you are making any trade, you can’t determine the price that you wish to buy or sell at. Coinhako will try to match it to the prevailing market rate when you make the trade.

#3 Look for HBAR and click on Buy

You’ll need to scroll down to find HBAR, and then click on ‘Buy‘.

#4 Select the amount of SGD you wish to use to purchase HBAR

You will need to select the amount of SGD that you wish to use for your trade. The amount of HBAR that you receive will be based on the prevailing market rates.

You may want to take note that you are unable to send or receive HBAR on Coinhako.

Coinhako has a minimum of $45 SGD for each trade that you make.

For every trade that you make on Coinhako, you are charged a 1% fee.

However if you use the promo code ‘COINGECKO‘, you will reduce your fees to 0.8%.

Any small reduction in fees would help to increase your returns.

It is also possible to buy HBAR using your credit or debit card. However, you will be charged an additional 3% by Coinhako’s payment service provider!

It is really not worth the fees of using your debit card to make the trade, especially when FAST transfers are free!

#5 Verify the transfer

Once you’re done, you will need to verify your trade.

HBAR will be credited into your account when the trade is completed.

Verdict

Here are the fees that you’ll incur when trading with Coinhako:

Type of Fee	Amount
Deposit Fees	None (FAST), 0.55% (Xfers)
Minimum Trade Amount	$0.5
Trading Fees	1% for any trade (0.8% if you use the promo code COINGECKO)
Withdrawal Fee (SGD)	$2 per withdrawal

It is definitely more cost effective to deposit into your SGD wallet via FAST compared to Xfers. You will incur unnecessary fees if you do so with Xfers!

Another thing you’ll need to take note is the SGD withdrawal fee of $2. If you are withdrawing out small amounts, it would not be worth this fee!

Overall, Coinhako has pretty high fees. However, the convenience of buying HBAR instantly with SGD helps to make up for it.

Liquid

Liquid is a crypto exchange that is based in Japan. It allows you to transfer your SGD to the exchange, but the withdrawal fees are rather high.

Here’s what you need to buy HBAR from SGD on Liquid:

1. Deposit your money via bank transfer
2. Go to Spot Trading
3. Select BTC/SGD or ETH/SGD as your trading pair
4. Select the quantity to trade
5. Repeat steps 3-4 for HBAR/BTC or HBAR/ETH trading pair

#1 Deposit your money via bank transfer

You’ll need to transfer your money via wire transfer to Liquid.

You are able to deposit SGD into your Liquid account.

#2 Go to Spot Trading

Once you’ve deposited your funds, you can go to ‘Spot Trading‘ to make the trade.

There are other options like Margin trading. However, they are too risky especially if you’re just starting to trade in crypto!

#3 Select BTC/SGD or ETH/SGD as your trading pair

You can select either BTC/SGD or ETH/SGD as your trading pair.

You’ll need to trade your SGD for BTC or ETH first, before trading that crypto for HBAR.

This is because Liquid does not provide you with a SGD/HBAR trading pair. As such, you can’t directly buy HBAR from SGD!

#4 Select the quantity to trade

You’ll need to select the type of order that you wish to make:

1. Limit
2. Market
3. Stop
4. Stop limit

After that, you’ll need to select the amount of SGD or BTC that you wish to include in the trade.

#5 Repeat steps 3-4 for HBAR/BTC or HBAR/ETH as your trading pair

After you have traded your SGD for BTC or ETH, you’ll now need to trade it for HBAR.

This can be done by selecting HBAR/BTC or HBAR/ETH as your trading pair.

You’ll need to make a trade, similar to how you did between BTC and SGD.

After the order is completed, HBAR will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Liquid:

Type	Amount
Trading fees	Up to 0.30%
SGD Withdrawal Fees (StraitsX)	0.55% (Min $4, Max $30)
Withdrawal Fees (Bank Transfer)	$15 SGD + $30 USD

The trading fees are rather low. However, you’ll need to factor in the costs as you are making 2 trades.

Moreover, the SGD withdrawal fees can be pretty hefty!

You may want to send your HBAR to another exchange that charges you lower withdrawal fees.

The remaining exchanges do not support SGD

For the next few methods, they do not allow you to deposit SGD into their exchanges.

This means that you’ll have to buy a cryptocurrency from one exchange, and then send it to these exchanges.

The currency that you should buy is Bitcoin or Ethereum, which would have the most number of trading pairs.

However, you’ll need to consider the withdrawal fees that you’ll incur when sending your crypto on the blockchain.

Depending on the fees, it can be really hefty!

You can consider using Gemini’s Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH from Gemini.

After that, you can send your BTC or ETH to any of the exchanges below. You will not be charged any withdrawal fees for up to 10 withdrawals per month.

Binance

Binance is one of the largest crypto exchanges in the world. You are able to trade many cryptocurrencies on their platform.

You can’t buy HBAR using a credit card, nor directly from your SGD. As such, you’ll need to use the altcoin method to buy this currency.

First, you’ll need to buy crypto from another exchange, and then deposit it into Binance.

The best currencies to deposit are BTC or USDT. This is because they have the most trading pairs available.

When you deposit your crypto, you’ll need to make sure that the address you’re sending to is correct.

If not, your crypto may be lost forever!

You can consider using the Binance P2P platform too

Instead of sending crypto from another platform, you can consider using Binance’s P2P platform as well.

This platform allows you to buy crypto directly from SGD, such as:

1. BTC
2. USDT

Using this method will help you to save on sending fees. However, there may be scammers that are on the platform.

As such, you’ll need to be very careful with who you’re trading with!

Make the trade from your crypto to HBAR

After depositing your crypto, you’ll have to buy HBAR on Binance’s trading platform.

Here are the trading pairs that you can trade for HBAR on Binance:

1. HBAR/BTC
2. HBAR/USDT
3. HBAR/BNB
4. HBAR/BUSD

If you’ve sent XRP / XLM / BCH / LTC to Binance, you’ll need to trade that currency to either BTC or USDT first.

After selecting your trading pair, you can start to determine the details of your order.

You’ll need to decide on:

1. The price of that you want to buy 1 HBAR at
2. The amount of HBAR you want to buy

Once you make the trade, HBAR will be credited into your account.

Verdict

Here are the fees that you’ll incur on Binance:

Type of Fees	Fee Amount
Trading Fees	Up to 0.1%
HBAR Withdrawal Fee	1 HBAR

The trading fees on Binance are as low as Luno Exchange.

It may be more tedious to buy HBAR on Binance, especially if you’re starting out from SGD.

If you want to sell your HBAR in the future, you’ll also need to consider your strategy. This is because you can’t directly cash it out for SGD on Binance!

As such, you’ll need to decide whether buying HBAR directly is worth the fees on Coinhako, compared to making multiple trades on Binance.

Huobi

Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.

Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.

Here’s what you’ll need to do to buy HBAR on Huobi:

1. Deposit a cryptocurrency into Huobi
2. Select a trading pair
3. Select the type of order you wish to make
4. Select the quantity of HBAR you wish to buy

#1 Deposit a cryptocurrency into Huobi

First, you’ll need to go to ‘Balances → Exchange Account‘.

This is where you will deposit your crypto to.

You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.

The safest currencies to deposit will be either BTC or USDT.

If you want to reduce your costs, you can choose to send over XLM / XRP / BCH / LTC too, and make 2 trades.

#2 Select a trading pair

After depositing your crypto into Huobi, you can start trading it.

If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.

You’ll be brought to Huobi’s exchange platform.

You’ll need to find a trading pair with HBAR, which can be done at the left hand side of the platform.

There are fewer trading pairs on Huobi compared to Binance:

1. HBAR/USDT
2. HBAR/BTC
3. HBAR/ETH

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Market
3. Stop-Limit
4. Trigger Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.

#4 Select the quantity of HBAR you wish to buy

After you’ve selected your order, you’ll need to select the amount of HBAR you wish to buy.

Once the trade has been executed, your HBAR will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of Fee	Fee Amount
Trading Fees	From 0.20%
HBAR Withdrawal Fee	1 HBAR

The fees are slightly higher compared to Binance. If you are looking for an exchange to trade your cryptocurrencies, Binance may be the better choice.

Bittrex

Bittrex was founded in 2014 and is headquartered in the USA.

They are one of the few exchanges that allows you to buy HBAR on their platform.

Furthermore, they have the highest trading volume among all the other exchanges!

Here’s what you need to do to buy HBAR on Bittrex:

1. Deposit BTC / USDT / ETH into Bittrex
2. Go to the ‘Markets’ tab and search for HBAR
3. Enter the details of your trade
4. Execute the trade

#1 Deposit BTC / USDT / ETH into Bittrex

Bittrex does not support SGD on their platform.

However, you can deposit some currencies that have a trading pair with HBAR, such as:

1. BTC
2. USDT
3. ETH
4. USD

You will need to go to ‘Holdings‘,

and then search for the currency you wish to deposit.

You will be given a wallet address that you can send your crypto to.

Do remember to double check the wallet address before sending your crypto!

#2 Go to the ‘Markets’ tab and search for HBAR

Once you have deposited your crypto into Bittrex, you can start buying HBAR from these currencies.

You’ll need to go to the ‘Markets’ tab,

and then search for HBAR.

You will see the available trading pairs for HBAR.

#3 Enter the details of your trade

Once you have selected the trading pair, you will be directed to Bittrex’s trading platform.

It can seem quite overwhelming, but you’ll need to enter the details of your trade on the right-hand side.

There are 6 different order types that you can make:

1. Limit
2. Market
3. Stop Limit
4. Trailing
5. OCO
6. Ladder Limit

You’ll also need to include these details:

1. The price of BTC that you wish to buy 1 HBAR at
2. The amount of HBAR you wish to buy

#4 Execute the trade

After you’ve placed the order, it will go into Bittrex’s order book.

Once your trade has been completed, HBAR will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading on Bittrex:

Fee	Amount
Trading Fees	Up to 0.35%
HBAR Withdrawal Fee	0.1 HBAR

Bittrex has rather high fees, so it may not be that cost effective to trade on this platform. There are many other platforms that offer lower trading fees!

OKEx

OKEx is another crypto exchange that you can consider buying HBAR coin from.

Here’s how you can buy HBAR on OKEx:

1. Deposit USDT or BTC into OKEx
2. Select a trading pair with HBAR
3. Enter the details of your trade
4. Execute the trade

#1 Deposit USDT or BTC into OKEx

OKEx offers a HBAR trading pair with either USDT or BTC.

As such, you should only be depositing either of these currencies into OKEx!

You’ll need to go to ‘Assets → Deposit‘,

and then select USDT or BTC as the currency you wish to deposit.

There are 4 different USDT networks that you can deposit your USDT into OKEx:

1. USDT-TRC20
2. USDT-ERC20
3. USDT-ALGO
4. USDT-OKExChain

Usually, most of your USDT should be ERC20 tokens on the Ethereum blockchain. It’ll be good if you double check which network your USDT is on.

If you send your USDT to the wrong address, it will be lost forever!

You can buy USDT from your credit card, but the fees may be expensive

Another way that you can buy USDT or BTC on OKEx is by using a credit card.

You’ll need to choose an external payment provider.

The fees that you incur may vary between these payment providers.

While it is more convenient, the amount of fees that you pay may be quite high!

#2 Select a trading pair with HBAR

Once you have BTC or USDT in your OKEx account, you can start trading HBAR.

You’ll need to go to ‘Trade → Basic Trading‘,

which brings you to OKEx’s trading platform.

You will need to select the HBAR/USDT or HBAR/BTC trading pair from the search bar.

#3 Enter the details of your trade

You are able to make 5 different types of orders you can make on OKEx:

1. Limit
2. Market
3. Stop
4. Trigger
5. Advanced Limit

You’ll also need to enter:

1. The price that you want to pay for 1 HBAR
2. The amount of HBAR you want to buy

#4 Execute the trade

Once your trade has been executed, HBAR will be credited into your account.

Verdict

OKEx charges up to 0.1% for their trading fees.

This is slightly cheaper compared to Huobi!

You can consider using either OKEx or Binance, since they charge lower trading fees compared to the other platforms.

Conclusion

If you are looking to buy HBAR directly from SGD, Coinhako is the currently the only option.

Liquid is another way that you can use, but you’ll need to make 2 trades from SGD.

For the remaining 4 exchanges, you would need to send a cryptocurrency over to their platform first, before you can make the trade.

This is because none of those platforms support SGD deposits!

👉🏻 Referral Deals

If you are interested in signing up for any of the products mentioned above, you can check them out below!

Binance Referral (Receive 5% off your trading fees)

If you are interested in signing up for a Binance account, you can use my referral link.

You will be able to receive 5% off all of your trading fees on Binance!

OKEx Referral (Receive USD $10 of BTC)

If you are interested in signing up for an OKEx account, you can use my referral link. If you make a crypto purchase of ≥ $100 USD via Buy / Sell, we will both receive USD $10 worth of BTC.

Here’s what you need to do:

1. Sign up for an OKEx account
2. Go to Buy/Sell to buy crypto from a variety of methods (e.g. Credit Card or PayNow)
3. Buy ≥ $100 USD worth of crypto
4. Receive $10 USD worth of BTC in your OKEx account

If you use OKEx’s Buy/Sell feature, you will be buying your crypto from a 3rd-party payment provider.

The fees may vary, but the $10 USD credit should be able to help to pay for your trading fees!

Are you passionate about personal finance and want to earn some flexible income?