What is Hedera (HBAR)?
Hedera allows developers to create the next era of fast, fair, and secure applications. The network is a 3rd generation public ledger and it is 10x faster than other blockchain alternatives. Equally important is the fact that Hedera has a carbon-negative output.
As the utility token of the Hedera network, HBAR is used to power decentralized applications and protect the network from malicious actors. HBAR is used to pay for a variety of network services like transferring HBAR, managing tokens, and logging data.
To compensate for nodes, bandwidth, computational power, and storage, HBAR is used for transactions submitted to the network. HBAR has a maximum total supply of 50 billion units. Today, more than 21 billion are in circulation.
How to Deposit HBAR Into Your Coinmetro Account
For all information on how to deposit HBAR into your Coinmetro account, please see the following help center article: How to Deposit HBAR.
How to Withdraw HBAR From Your Coinmetro Account
For all information on how to withdraw HBAR from your Coinmetro account, please see the following help center article: How to Withdraw HBAR.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.