How to Buy Wrapped HBAR Crypto (WHBAR)

What is Wrapped HBAR (WHBAR)?

According to Coingecko, Wrapped HBAR is : Wrapped HBAR is a tokenized version of HBAR on the Hedera Hashgraph network provided by SaucerSwap WHBAR is compliant with the Hedera token service (HTS) standard, enabling it to be fully integrated into the ecosystem of decentralized exchanges, lending, and other DeFi use cases on the Hedera network. HBAR is not an HTS token — analogous to ETH vs. ERC-20 — so it must be wrapped to interact with the SaucerSwap contracts. This is achieved via a smart contract that stores incoming HBAR and mints wrapped HBAR. These WHBAR tokens are used to provide liquidity in SaucerSwap’s decentralized exchange. When liquidity is withdrawn, WHBAR tokens are sent back to the smart contract and burned, and an equal amount of HBAR is returned to the user. With the introduction of native staking, the HBAR in this smart contract can be dynamically staked to a permissioned node to generate real yield for users. Since Hedera does not impose slashing or lockup periods, SaucerSwap users can withdraw liquidity instantaneously.

Where can I buy WHBAR Crypto?

The best website to buy Wrapped HBAR is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy Wrapped HBAR on Simpleswap

To buy Wrapped HBAR on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select WHBAR, just like in this example:

Once you selected the currency you want to pay in, and WHBAR, you need to paste your respective wallet address where you want to receive your WHBAR.

With Simpleswap, you'll receive your Wrapped HBAR directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Please make sure you read our Disclaimer. We are not financial advisors.