Perks Of Buying Hive With Fiat
If you want to buy Hive, one of the best ways to do so is with fiat money, meaning with a credit or debit card. When you buy cryptocurrency with fiat money, the process is going to be much faster and – more importantly – simpler than doing so with another cryptocurrency. You don’t need to already own crypto, the buying process is very easy, it usually requires no account creation & minimal KYC verification. By buying your Hive with a credit card, you will receive instant confirmation & lightning fast payouts.
What Is Hive Used For
HIVE helps power a wide range of social and financial projects. The cryptocurrency has features that facilitate content-oriented and decentralized social blogging apps. The company behind it is a crypto mining firm that validates transactions on the blockchain for crypto rewards. The Hive blockchain hosts, curates, and rewards short and long-form comments and posts.
Why Is Kriptomat The Best Place To Buy Hive
We work diligently to provide the lowest fees possible, and your entire transaction is completely transparent meaning no surprise charges.
Kriptomat is 100% compliant with all government regulations and is fully licensed under EU legislation. Rest easy knowing youre in good hands.
Want a lot of crypto? SEPA bank transfers offer a cost-effective way to fund your account for large crypto purchases
Cant wait to buy? Purchase crypto instantly at any time with a credit or debit card.
Kriptomat is designed to provide the most comprehensive yet easy-to-use trading experience on the planet. We accomplish this by actively listening to our customers and working to deliver exactly what they want.
Everybody deserves crypto. Our entire platform including the website, mobile app, documentation, and support are all available in more than 20 different languages.
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Verify Your Binance Account
Once your account is secured, return to the dashboard and click ‘security’.
On this page you will see ‘basic information’. Click ‘verify’. Enter your name and address as it appears on your personal identification .
You will then be asked to verify your identification and face.
Start the verification. Select the country your identification was issued in and the type of identification you have.
You will then be given the option to either take a photo of the identification and your face using your webcam or upload files of the same. If you’re on a mobile phone, you can click the supplied link to continue verification on your phone.
Follow the verification instructions until successful. It may take a little time before your verification is applied to your account, so please be patient.
Hive Technology And Scalability
Hives support for high transaction volumes, combined with its fast 3-second block times and fee-less transactions, make it an ideal platform for building highly interactive applications that would bog down on most blockchain networks. It also has a unique focus on a 2nd layer architecture for distributing application loading across distinct sidechains to enable scaling beyond the limits of traditional smart-contract networks. To mitigate scaling limitations, an applications proponents can allocate additional CPU resources as needed at the second layer to power their preferred applications, without worrying about congestion from other apps in the network, yet still benefit from a common first-layer blockchain backbone to ensure distributed data integrity. This scaling ability also enables a unique competitive landscape for applications developers.
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Transfer Btc To An Altcoin Exchange
Select altcoin exchanges:
But we are not done yet, since HIVE is an altcoin we need to transfer our BTC to an exchange that HIVE can be traded, here we will use Gate.io as our exchange. Gate.io is a popular exchange to trade altcoins and it has a large number of tradable altcoins pairs. Use the link below to register your new account.
Gate.io is an American cryptocurrency exchange that launched 2017. As the exchange is American, US-investors can of course trade here and we recommend US traders to sign up on this exchange. The exchange is available both in English and Chinese . Gate.ios main selling factor is their wide selection of trading pairs. You can find most of the new altcoins here. Gate.io also demonstrates an impressive trading volume. It is almost every day one of the top 20 exchanges with the highest trading volume. The trading volume amounts to approx. USD 100 million on a daily basis. The top 10 trading pairs on Gate.io in terms of trading volume usually have USDT as one part of the pair. So, to summarize the foregoing, Gate.ios vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
After going through a similar process as we’ve done before with ByBit, you will be advised to set up 2FA authentication as well, finish it as it adds extra security to your account.
How To Store Your Hive Securely
You can choose to leave your Hive in your Binance, Kucoin, or Kraken wallet, store it in a dedicated wallet, or even better, in a hardware wallet .
Virtual wallets on crypto exchange platforms like Binance and Coinbase, and dedicated crypto wallet platforms like MyEtherWallet and TrustWallet are called hot wallets because they are always online.
Hardware wallets or cold wallets, on the other hand, are physical devices that resemble flash drives used to store crypto offline.
If you are buying crypto in small volumes and want to trade them frequently, you can use hot wallets to store your Hive .
If you have large volumes of Hive you want to store and keep for a long time, and you dont plan to trade often, using a hardware or cold wallet is recommended.
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Buy Btc With Fiat Money
Once you have picked your payment method, you are almost set, click ‘Buy’ and then proceed with your payment, and congrats! You’ve just made your first crypto purchase!
Being one of the most popular and convenient fiat-to-crypto exchanges, UpHold has the following advantages:
- Easy to buy and trade among multiple assets, more than 50 and still adding
- Currently more than 7M users worldwide
- You can apply for UpHold Debit card where you can spend the crypto assets on your account like a normal debit card!
- Easy to use mobile app where you can withdraw fund to a bank or any other altcoin exchanges easily
- No hidden fees and any other account fees
- There are limited buy/sell orders for more advanced users
- You can easily set up recurring deposits for Dollar Cost Averaging if you intend to hold cryptos long term
- USDT, which is one of the most popular USD-backed stablecoins is available, this is more convenient if the altcoin you intend to buy has only USDT trading pairs on the altcoin exchange so you don’t have to go through another currency conversion while you buy the altcoin.
Type your email and click ‘Next’. Make sure you provide your real name as UpHold will need it for account and identity verification. Choose a strong password so that your account isn’t vulnerable to hackers.
Three: Use Your Bitcoin Or Ethereum Investment To Purchase Hive
Now it’s time to purchase Hive using your investment from Coinbase.
Since Coinbase only allows for the purchase of Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, you will need to transfer your BTC or ETH investment to another cryptocurrency exchange. I know this sounds painful, but it really isn’t.
Right now you can buy Hive at a good number of cryptocurrency exchanges including Binance.
Once you have your specific currency’s wallet ID, head back over to your Coinbase account. Since I don’t want to miss any steps in this important process, .
Now you play a short waiting game as your transfer has to go through the cryptocurrency ecosystem and be confirmed multiple times. There is nothing on your end to do except wait for this to happen. Depending on the day this could take 5 minutes or even up to a few hours.
The good news is that in your Coinbase account they give you a link to track the transfer.
Once your transfer has been confirmed it should show in your exchange’s account and will be immediately ready to be used to buying Hive .
If you purchased Ethereum at Coinbase, you are going to want to look for the HIVE/ETH investment.
For Bitcoin look for HIVE/BTC.
If Hive doesn’t have an investment option using the currency you purchased as Coinbase, don’t worry. All you need to do is trade into the specific currency.
Let me reiterate, I am not a licensed professional so I can’t give you any investment advice on how to handle the next step.
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Managing Your Crypto Assets In A Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your Hive We recommend you to use hardware wallet which support many cryptocurrencies Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
Make The Purchase On Your Chosen Platform
Every platform has a different way of doing things. Some platforms are very easy to use, others not so much.
Generally speaking, purchasing crypto with a fiat currency like the U.S. Dollar will be easier than purchasing it with another crypto.
If you do have to purchase Hive with another crypto, youll need to first create a crypto wallet that supports Hive, then youll buy the first currency and use it to buy Hive on the platform you chose.
If you get stuck, most platforms provide guides. But if they dont, there is a vibrant community of crypto enthusiasts that have likely posted guides on Youtube, Twitter, and elsewhere.
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What Is The Easiest Way To Buy Hive
The easiest way to buy HIVE is by placing an ‘instant buy’ order to purchase it for a fixed price but not all crypto exchanges offer this feature.
Alternatively, you can open a trade on the spot market which allows you to set your own price this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.
Before buying HIVE, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our Analysis tools to get an idea of how the price of Hive has been performing recently.
Buy Coins With Fiat Money
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer. You will be charged higher fees when using cards but you will also make an instant purchase. While a bank transfer will be cheaper but slower, depending on the country of your residence, some countries will offer instant cash deposit with low fees, such as iDeal in some European countries.
Now you are all set, click the Trade button at the top left, choose the coin you want to buy and confirm your transactionand congrats! Youve just made your first crypto purchase.
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Where Can Hive Be Traded
What is the Hive token?
Hive is DPOS based blockchain. The stake comes in the form of Hive tokens. These are staked to your hive account for resource credits needed to transact on the chain and governance purposes with the ability to earn more Hive through creating and consuming content. It is a decentralized blockchain with twenty elected witnesses that are responsibly for securing the chain.
Hive has multiple advantages over other blockchains for building applications due to it’s fast, free transactions. Decentralized nature and immutable accounts with real usernames.
What is HBD?
Hive Backed Dollars are the Hive Blockchains stablecoin. Hive-backed dollars are a unique type of trustless stablecoin that is backed by the underlying value of the Hive blockchain itself and pegged to the USD. This backing takes the form of an onchain conversion operation that lets HBD be converted to an equivalent USD value of Hive itself.
What is the hive eco-system?
Where can I learn more about Hive?
The main website for the Hive blockchain and it’s eco-system can be found at hive.io. There are multiple other resources about the blockchain spread across the different hive based platforms such as and .
One: Setup Your Coinbase Account
Although Coinbase has both iOS and Android apps, I have found the easiest way to setup your exchange account with them is to use their website.
2) Next enter your email address in the get started box. Please MAKE SURE that the email address you enter is one you have access to and is your most secure email as this is how you will always sign in to your Coinbase account.
3) Then Coinbase will ask you to select if you are an INDIVIDUAL or BUSINESS. I’m assuming you are an individual so I will skip the whole business account setup. MAKE SURE to use your real name as Coinbase will use this for account verification.
4) Next Coinbase should send you an email to verify your email address. Open the email and click on the link. I have to say although email verification emails are somewhat annoying, since you plan funding your account with actual money, this security step is very comforting.
5) You should now be signed into your Coinbase account. Again, since you will be using your hard earned money to fund your Coinbase account, there are a few more verification steps you need to complete. The first being verifying a mobile phone number.
Coinbase uses your mobile phone number to setup Two-factor authentication on your account making your account even more secure. Basically Coinbase will text you for each major change to your account including making purchases.
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To Make Your Purchase Choose A Platform
Security, dependability, and liquidity are all on different levels on different platforms. Conduct thorough research before creating an account on any of the platforms. Binance, Huobi Global, Gate.io, Upbit, and the crypto genius are the top cryptocurrency exchanges for trading Hive at the moment.
2. Sign up and verify your identity on the chosen platform.
The sign up process is required for most internet registrations. Itll only require basic information from you, like your name and email address. You would then proceed to verify your email and fill in more information as the platform requires. Once your account has been verified, you can now make purchases.
3. Make the purchase on your chosen platform.
Every platform does things differently. Some platforms are easier to use than others, and each platform has its own set of benefits. Buying crypto with fiat currency, such as the US dollar, is easier than buying it with another cryptocurrency, which is why, in the absence of the USD, people prefer USDT . Youll need to look for HIVE/USDT if you want to buy Hive with USDT.
Websites such as CoinMarketCap provide a list of market pairs or currencies that can be used to buy Hive. They also list where you can buy hive, but its worth noting that while Hive can be purchased on popular exchanges like Binance, its not available on Coinbase.
Step to Sell Hive
How To Buy Hive From Cex
Since the operation procedures vary from different CEX, we can’t provide you a step-by-step guide on how to buy in all the different centralized exchanges, but we can provide you with some general procedures.
- Step 1: Register an account on the centralized exchanges’s official website or the app. , if CEX supports one-step sign up with your social account, you can sign up with your social account directly.
- Step 2: Verify your identity & secure your centralized exchanges’s account. You are typically required to have a government-issued identification document. For asset security, you’d better Enable Two-step Verification.
- Step 3: Use fiat to buy USDT, ETH, or BNB. You can use the service provided by the CEX which supports OTC trading or use the financial service platform that supports funding via either your bank account or credit card.
- Step 4: Transferring your USDT, ETH or BNB, etc. purchased by fiat to the CEX that supports Hive trading in spot market. If the CEX that you’re using both supports purchasing USDT, ETH, or BNB via fiat, and Hive-USDT, Hive-ETH, or Hive-BNB, etc, trading pair, then you can trade in the same platform and don’t need to transfer to another platform that supports Hive.
- Step 5: Buy Hive in spot market by USDT, ETH, or BNB.
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