Convert
Israeli New Shekel (ILS) to Hedera Hashgraph (HBAR) Instantly
Purchase Hedera Hashgraph (HBAR) with Israeli New Shekel (ILS) easily at Switchere and benefit from fast, secure transactions.
About
Hedera Hashgraph (HBAR)
Hedera is a public distributed ledger that utilizes a unique consensus mechanism known as Hashgraph, presenting a distinct alternative to traditional blockchain technology. This enterprise-grade network is specifically engineered to address scalability and performance bottlenecks. At its core is the Directed Acyclic Graph (DAG) architecture, secured by the asynchronous Byzantine Fault Tolerance (aBFT) algorithm. This foundation, powered by a gossip-about-gossip protocol and virtual voting, enables extremely high throughput with thousands of transactions per second, low-latency finality, and mathematically proven fair ordering of transactions, all while maintaining low, fixed fees and remarkable energy efficiency. The network's governance is overseen by the Hedera Governing Council, a body of leading global organizations. Hedera offers a suite of services, including the Hedera Consensus Service (HCS) for verifiable event logging and the Hedera Token Service (HTS) for native token issuance, alongside EVM-compatible smart contracts. The native digital asset, HBAR, is the fuel of the ecosystem. This utility token is used to pay for network transaction fees, secure the network via proxy staking, and facilitate a wide range of Web3 applications and DeFi protocols built on its robust infrastructure.
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Frequently asked questions
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What is the primary method for purchasing Hedera (HBAR) with Israeli Shekel (ILS)?
The most common method to acquire HBAR with ILS is through a centralized cryptocurrency exchange that serves the Israeli market. This process typically involves creating an account, completing KYC/AML (Know Your Customer/Anti-Money Laundering) verification, and then using a fiat on-ramp to deposit ILS via a local bank transfer or credit/debit card. Once your ILS is credited, you can place an order on the ILS/HBAR order book to purchase the digital asset. -
What are the advantages of using the Hedera network (HBAR) after converting from ILS?
Once you hold HBAR, you gain access to the Hedera public ledger, which is not a traditional blockchain but a Directed Acyclic Graph (DAG) using the Hashgraph consensus algorithm. This provides key advantages like extremely low, fixed transaction fees (ideal for micropayments), high throughput, and transaction finality in seconds. HBAR is the native utility token used to pay for network services like the Hedera Consensus Service (HCS), Hedera Token Service (HTS), and smart contract execution, all governed by a council of leading global organizations. -
How do Hedera's low fees impact transactions initiated with ILS?
While the initial ILS deposit and trade on an exchange have their own fee structures, once you are operating on the Hedera network, the transaction costs are minimal and predictable. HBAR's fee model is denominated in USD for stability and paid in HBAR. This makes it highly efficient for applications requiring a high volume of transactions, such as tokenizing assets via the HTS or logging data with HCS, which would be cost-prohibitive on many other smart contract platforms. -
What is the role of the Hedera Governing Council in the context of the ILS/HBAR pair?
While the Governing Council does not directly manage the ILS/HBAR trading pair, its existence provides a layer of stability and enterprise-grade governance to the Hedera network. This council, comprising major global corporations, ensures decentralized and responsible stewardship of the platform's software and services. For an investor or developer converting ILS to HBAR, this governance model offers long-term confidence in the network's stability, roadmap, and adherence to regulatory compliance, a key differentiator from many other digital assets. -
Are there any specific security considerations when moving HBAR from an exchange to a digital wallet after an ILS purchase?
Yes. After purchasing HBAR with ILS, it's a best practice to move your assets to a secure, non-custodial digital wallet where you control the private keys. When initiating the withdrawal, always double-check the destination Hedera account ID (e.g., 0.0.12345). Unlike some blockchains, Hedera transactions are incredibly fast and irreversible. Use whitelisted addresses on the exchange if possible, and consider a small test transaction first. For significant holdings, using a hardware wallet compatible with Hedera provides the highest level of security.
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