Summary: Shorting Hedera Hashgraph is pretty straightforward, all you need is a crypto broker that allows for short selling. While there are a few exchanges out there that have added the ability to short crypto, our recommendation is to use eToro. They’re well-known, have a global presence, and are trusted by millions of users from 100+ countries.
We’ll be using eToro in our guide, you can sign up with one of the sign-up buttons below.
Before we get started, let’s quickly explain what shorting is (for those that are new to it). Shorting is the practice of selling a cryptocurrency hoping it will drop in price so you can buy it back later for cheaper… which, if successful, will give you a net profit.
It might sound a bit complex but don’t worry, it’s a lot easier than you might think.
How to Short Hedera Hashgraph
Shorting Hedera Hashgraph can be done in 4 steps:
- Find a crypto exchange
- Sign up with the exchange
- Fund your account with fiat or crypto
- Short Hedera Hashgraph
1. Find a cryptocurrency 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 exchange that allows for short selling.
2. Sign up with the cryptocurrency trading platform
Let’s start with creating an account on eToro.
The sign-up process is very easy and quick, 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 deposit methods to choose from when depositing funds into your eToro Account. These include a bank transfer, credit card, debit card, PayPal, and more.
4. Short Hedera Hashgraph
These are the steps to follow to execute a short sell:
- Go to the search bar at the top, find Hedera Hashgraph by entering the name.
- 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 the crypto.
- 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!
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.
Affiliate Disclosure: This site is supported by its users. We may receive commissions for purchases made through the links on our site. This does not impact our reviews, guides or comparisons.
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 advanced when compared with eToro, they do have a lot more digital assets to trade with.
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, have a decent phone app and a lot of advanced trading features.
About Hedera Hashgraph
Hedera is a most trusted, sustainable, enterprise-grade, public network for decentralized economics that allows individuals or businesses to create powerful decentralized apps (DApps).
It is designed to be fairer and more efficient and eliminates some of those limitations that older, blockchain-based platforms have -- such as slow performance or instability.
In August 2018, the initial coin offering (ICO), was used to fund the project. The platform opened its mainnet for open access in September 2019, just over a year after it was completed. Investors were able purchase the platform's native utility token (HBAR) as part of an ICO at the lowest price.
The HBAR token is a double-purposed item in the Hedera open network.
First and foremost, it is the fuel for Hedera services. This includes smart contracts, file store and regular transactions. Second, it is used to help secure network. HBAR user can stake their tokens in order to maintain the integrity of platform.
Hedera Hashgraph's founders are Dr. Leemon and Mance Baird.
Dr. Leemon Baird, who is currently Hedera's chief science officer, is acknowledged as having invested in the hashgraph distributed algorithm.
Baird, who has over a decade of experience working in computer science and security roles, was previously a senior researcher at Cyberspace Research's Academy Center. He is also cofounder and CTO for Swirlds Inc., a platform which allows the creation of DApps.
Mance Harmon is Hedera’s CEO. She is an experienced technology executive, and seasoned entrepreneur. Harmon has nearly two decades' experience in leadership roles at prominent companies, many of these being in the IT security field. Mance Harmon holds the second position of Swirlds Inc. as its cofounder and CEO.
Hedera leadership includes more than twelve individuals, some of whom have had distinguished careers.
Hedera Hashgraph does not use a traditional blockchain, as is the case with most other cryptocurrency platforms. Instead, the Hashgraph introduces a novel distributed ledger technology.
This technology allows it the ability to outperform many blockchain-based solutions in key areas like speed, cost and scalability. Hedera transactions charge an average of $0.0001 USD per transaction and are usually completed in five seconds. Hedera Hashgraph claims more than 10,000 transactions per sec (TPS), as opposed to 5-20 for other proof-of work (PoW),-based blockchains.