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What is a Hedera coin?

  • HBAR is a cryptocurrency associated with Hedera Hashgraph blockchain-based network. It's used to pay for transactions on the network, as well as for access to certain services and features. Hedera Hashgraph aims to offer a variety of decentralized applications that can be built on its platform, including ones for supply chain management, social media, and gaming.

What is a HBAR Loan?

  • A HBAR loan is the loan borrowed against HBAR cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Hedera to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit HBAR lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.

Learn more about Hedera Loans

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FAQ

What is Hedera used for?IconPlus

The Hedera network aims to provide a faster, more secure, and more efficient alternative to traditional blockchain technologies. It uses a consensus algorithm called Hashgraph that enables it to process thousands of transactions per second, making it suitable for high-throughput enterprise applications. HBAR is used to pay for transactions on the Hedera network, as well as for access to certain services and features. It can also be used as an investment, as its value can fluctuate based on supply and demand in the market.There are a lot of primary use cases for HBAR on the Hedera network and as the network grows and more applications are developed, there may be additional use cases that emerge.

Why should you consider a HBAR loan?IconPlus

  • Transaction fees: HBAR is used to pay for transactions on the Hedera network. Each transaction on the network requires a small amount of HBAR to be paid as a fee. This helps prevent spam and ensures that the network remains efficient.
  • Access to services: Some of the services offered on the Hedera network require the use of HBAR. For example, to use the network’s file service, developers must pay a small amount of HBAR to store data on the network.
  • Governance: HBAR holders can participate in the governance of the network by staking their tokens and voting on important issues related to the future development and direction of the network.
  • Investment: HBAR can also be used as an investment. Like other cryptocurrencies, its value can fluctuate based on supply and demand in the market. Investors can buy and hold HBAR in the hopes of selling it later at a higher price.

How does Hedera loan work?IconPlus
Hedera lending is a service that issues loans with Hedera cryptocurrency collateral for a yearly interest. The interest can vary from 10% up to 18% and more. There is no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your HBAR loan.
How quickly can I get a crypto loan? How quickly will you refund me the collateral?IconPlus
Usually, getting an instant HBAR loan takes no longer than 10 minutes. Since there are no credit checks, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Hedera transaction. The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.
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