How do you get fiat in and out of Hive?

stekene 9 months ago

So far, I didn't fund it from fiat. My whole hive(engine) portfolio is built up through blogging and a small piece because of sales of some ingame (non-crypto) items.

I have no plans on pulling coins out of the Hive ecosystem so far. First want to grow my Hive(power) to 100K which will take quite some time as I am now hovering around 2k HP. My goal is to reach 3k hp at years end (by blogging) and I hope some p2e items will take off as well. If these would take off, i should have to be able to reach between 5k and 10k hp. Will see though what the (alt) bull run brings..

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3 votes

achim03 9 months ago

Nice to see you in full accumulation mode :-)

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proto26 9 months ago

Same! I like your goal, too. I might adopt it but if I do, something's gotta change! Last year I did not teach my goal of being at 2k by new years. Wow, were are actually very close in terms of hive power! Good luck!

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stekene 9 months ago

I reached my goal of 1.5k by shuffling around some stuff on Hive-Engine and using these hive to power up.

I had a big boost of my blogging rewards at the beginning of this year because of extra spare time. This slowed down significantly since the beginning of February, so will re-evaluate halfway this year.
Though 3k HP at the end of the year is my absolute minimum, I would rather adjust my target to 3.5K HP (or maybe even 4k if I find some extra time)

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proto26 9 months ago

Ambitious goals! I have the time... I just can't manage it very well!

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liotes 9 months ago

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dagger212 9 months ago (edited)

This is an interesting one for me. So far I've only put things "in". That isn't too hard as you can get fiat in all over the place by buying BTC, ETH, LTC etc. I was just curious as to how people get it back out. I'm fairly certain I can do it through Coinbase if I have to but I was hoping to learn a few other options. I like the credit card option. Where do I find that?

Incidentally, I still don't see these missions come across my inleo feed. I almost missed the one I suggested... lol

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liotes 9 months ago

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achim03 9 months ago

Thanks for suggestin this mission. I'm using the credit card options that is offered by crypto.com. It works pretty nice.

When we create videos, we often don't add leofinance tag because it is not elegible for LEO when not created on inleo.

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coquicoin 9 months ago

I use Binance. In their P2P trade, I can get my local currency. I have not tried anything different than this, to be honest. Although I know that some accounts on Hive offer trades to get bolivars.

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achim03 9 months ago

I should have a look at the p2P on binance, I've never tried it so far.

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liotes 9 months ago

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yeckingo1 9 months ago

I haven't released much of anything from Hive, I'm in accumulation mode, but I've sometimes used @v4v.app as a test and it works quite well.

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achim03 9 months ago

That's an interesting idea!

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liotes 9 months ago

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relf87 9 months ago

So far I have tried moving fiat out of Hive via Crypto.com. Assuming we have SWAP.HIVE, change to SWAP.BNB, thereafter withdraw from Tribaldex/deposit into Crypto.com. From Crypto.com, the BNB can be sold into fiat and the fiat can easily to be transferred in bank accounts.

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achim03 9 months ago

Finally somebody who uses crypto.com as well. I go to hive engine and then I buy swap.ltc. I withdraw swap.ltc directly to crypto.com and then I add it to my credit card :-)

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relf87 9 months ago

Ah now I learnt another method! Thanks for sharing!

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liotes 9 months ago

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relf87 9 months ago

Thanks!

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proto26 9 months ago

If it weren't for recent developments in eXode game I don't think I'd have an answer for this. Elindos integrated the Stripe service which really is there to help onboard completely new users to the game and Hive and give them the option to purchase assets with fiat. I used this service to purchase a number of second layer tokens with fiat.

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lordshah 9 months ago

Bro, can you send me the link of this game and service? Thanks

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proto26 9 months ago (edited)

Of course. The landing page is exode.io

From there log in and click Get Packs. Stripe is a check out option

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lordshah 9 months ago

thank you bro.

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achim03 9 months ago

That's nice to know! Thanks for sharing!

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liotes 9 months ago

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elderdark 9 months ago

I've always used Binance, the easiest way to get in and out with FIAT currency. But I stopped doing these transactions after the government sanctioned a 15% tax on cryptocurrencies. I'm looking into other ways of getting in and out, and the Brazilian community #hivebr is developing a P2P tool for this purpose.

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achim03 9 months ago

the Brazilian community #hivebr is developing a P2P tool for this purpose.

That's great when the community comes up with real solutions!

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liotes 9 months ago

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logen9f 9 months ago

To get fiat to Hive, I could go P2P on Binance but I don't do it since I find it a hassle. Instead I would fund a local crypto trading platform with cash from an e-wallet then buy XRP and transfer to Binance. In Binance I will sell XRP and buy Hive then transfer to Hive Keychain. To get fiat out, I will do the reverse.

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liotes 9 months ago

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kaibagt 9 months ago

I have always used Binance as a gateway, but I am currently looking to see if there is another more viable option in my country.

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liotes 9 months ago

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thegcc 9 months ago

Well, I think I got some in from Coinbase -> Hive Engine. Can get it out the same way, though I haven't really done that 😅

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achim03 9 months ago

I've used coinbase a couple of times but they take a lot of fees :-)

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liotes 9 months ago

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jfang003 9 months ago

I haven't really withdrawn things from Hive so far. I did spend some money on Splinterlands before I really got into publishing much on Hive and that went through their own system. Although if I had to, I would probably swap to LTC and then send that over to an exchange.

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achim03 9 months ago

I haven't really withdrawn things from Hive so far.

Good move ;-)

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liotes 9 months ago

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seckorama 9 months ago

The first thing I have to say is that I don't do this very often.I used to use Blocktrades, but now that that's no longer possible, I've used Binance a couple of times, but through a friend because I don't have a Binance account anymore. I contacted them a couple of times, but nothing. I am thinking of trying to send BTC from HE to my BTC address on the Iconomi platform and from there I can send fiat to my bank.
Of course, if Hive will go to $5 minimum 😜

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achim03 9 months ago

Of course, if Hive will go to $5 minimum

We all wait for that day ;-)

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liotes 9 months ago

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incublus 9 months ago

Easy question for me. I use Binance 😅

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achim03 9 months ago

Seems most people use Binance for fiat swaps.

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liotes 9 months ago

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xlety 9 months ago

Typically, I use cryptocurrency exchanges like Binance to convert fiat currency into cryptocurrencies. Once I have the cryptocurrencies, I transfer them to my Hive wallet. Conversely, when I want to convert cryptocurrencies back into fiat currency, I sell them on the same exchanges and withdraw the funds to my bank account. These platforms have been reliable for me and offer a smooth experience for managing fiat currency and cryptocurrencies.

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achim03 9 months ago

Nice, thanks for sharing!

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liotes 9 months ago

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palomap3 9 months ago

I have only made some deposits from Binance. I am not going to extract anything at the moment, my goal is for the account to grow at least for a full market cycle. 😃

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achim03 9 months ago

my goal is for the account to grow

That's a good mindset ;-)

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liotes 9 months ago

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palomap3 9 months ago

Thank you! 🙏

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freesinger 9 months ago

I have deposited fiat into my Coinbase account a couple of times and then sent it to Hive, but that is the only fiat-Hive transfers I have done so far.

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achim03 9 months ago

Thanks for sharing!

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liotes 9 months ago

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moonthumb 9 months ago

To get fiat into Hive, I generally deposit fiat into my Coinbase account. Then I use one of the exchangers (usually SimpleSwap or StealthEX) to swap for HIVE. To this point I have never taken any fiat out of Hive, but if I did, I would just reverse the process.

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achim03 9 months ago

I've tried to use SimpleSwap once but they only work for bigger amounts I believe?

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liotes 9 months ago

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lordshah 9 months ago

Hi,

I have not moved any Hive from here as I have reinvested my earning in games or in different pools. But, when I began the SPLD game, I transferred Wax to buy some game items from WAX wallet. I hope there is a service that allows us to directly buy and sell Hive through P2P like Binance.

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achim03 9 months ago

Hive is traded on Binance, so it works I believe.

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liotes 9 months ago

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lordshah 9 months ago

Thank you..

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blitzzzz 9 months ago

I moved some FIAT in a long time ago via CDC and SPL. It seems like Binance is the way to go as recommended by most people here!

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achim03 9 months ago

A big majority seems to be using binance for their fiat swaps.

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liotes 9 months ago

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dewabrata 9 months ago

I deposit Rupiah (IDR) into binance, it became BIDR. then convert it to USDT. after that to HIVE then send them to hive accounts.

There was another way I have use, its Transact. But it is too expensive, just tried in the past to get some Splinterlands Cards.

How to get fiat out? 2 years on hive I haven't taken any money out, so I think I am in no position to talk on this part.

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achim03 9 months ago

2 years on hive I haven't taken any money out, so I think I am in no position to talk on this part.

Nice to see you still full in acumulation mode :-)

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liotes 9 months ago

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edgerik 9 months ago

At the moment all my profit in Hive I leave it as an investment, when I can, I exchange fiat for hive and buy tokens as a future investment, the platform I use is Orinoco.

!WINE

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achim03 9 months ago

Orinoco seems to be quite popular in Venezuela.

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edgerik 9 months ago

Yes.

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liotes 9 months ago

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edgerik 9 months ago

Great.

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ifarmgirl 9 months ago

I use Binance. It's the easiest and fastest route for me. I remember using BSC a few times through the Multi-Token Bridge to bring some funds to Hive. I'm exploring some other options because Binance might get blocked from my country.

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achim03 9 months ago

It's good to see that there are other ways for doing it.

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ifarmgirl 9 months ago

Yes. Hope a more decentralized route will open up :)

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liotes 9 months ago

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cursephantom 9 months ago

In? No fiat so far? I just ever moved my waxp to hive for something.
Out? Binance... It's still easy to use despite of many news around that company 🤔
!ALIVE

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achim03 9 months ago

Thanks for sharing!

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youarealive 9 months ago

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liotes 9 months ago

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zallin 9 months ago

Good question, I've always used Binance for everything 😄, it's very easy to exchange for BRL and then send it straight to my bank account, I've never had any problems with it 🙏.

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achim03 9 months ago

Binance is the way to go for most people I believe.

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liotes 9 months ago

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shiftrox 9 months ago

So far I've always done the conversions through binance, in this case sending hive there and exchanging it for my local currency (the Brazilian real), now putting it from outside to inside hive is a bit tighter because of the values, it doesn't pay much to exchange real for dollar and then buy hive or make some theoretically direct purchase, so the deal is to post and organically chase it.

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achim03 9 months ago

the deal is to post and organically chase it

That's a good way to go forward!

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liotes 9 months ago

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ekavieka 9 months ago

I have tried several exchanges, huobi, binance, tokokripto (Indonesian Crypto Exchange under Binance), and a few times through blocktrades.
I think I have only made some deposits only. Have not made any withdrawal, except during the steem time, only once. : )
!LUV !DHEDGE

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achim03 9 months ago

I used blocktrades quite a lot in the past. It's a pitty its not available anymore.

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ekavieka 9 months ago

really? I think I have missed the info about that since the last time I used it was when I deposited my BCH from noise.cash to hive.
it is really easy to use, so unfortunate.
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luvshares 9 months ago

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luvshares 9 months ago

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liotes 9 months ago

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dailyspam 9 months ago

I haven't done many transfers and
haven't done any withdrawal from crypto to fiat. I used Bittrex a while ago and now have a Binance account for further funding.
Looking forward to read all the different possibilities under this post.
!ALIVE
!LOLZ

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youarealive 9 months ago

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achim03 9 months ago

I think that bittrex is not available anymore unfortunately.

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liotes 9 months ago

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dailyspam 9 months ago

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youarealive 9 months ago

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tokutaro22 9 months ago

I usually use Binance.

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achim03 9 months ago

Seems most people use binance :-)

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liotes 9 months ago

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imfarhad 9 months ago

So far i haven't done any withdrawals. Sometime back, i did deposit BCH, LTC into hive-engine as swap and then converted it into swap.hive and then back in hive and powered-up
I did use blocktrades once when it was in business.

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!PIZZA

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youarealive 9 months ago

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achim03 9 months ago

ltc is a good currency to move crypto around. It's almost on all exchanges and it has very low transaction fees.

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liotes 9 months ago

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gadrian 9 months ago

I guess the simplest way would be via Binance, if you have access to it and you go through KYC. I'm not sure if you can buy HIVE directly with fiat on Binance, but you can buy BTC or stablecoins, whatever we have pairs with on Binance.

Since I haven't updated my KYC on Binance, I looked for alternative ways to do it.

One way is through Crypto.com. It has the advantage of topping up a debit card which has some benefits (depending on your tier), but to get from Hive to crypto.com you need to go through another ecosystem like BSC or use SPS which is listed there. In both cases I assume there are some hefty fees, but I haven't gone through this process yet, so I haven't checked them.

One additional way I found today was from MEXC (without KYC) to a Revolut card (via USDT). The fees seem relatively low.

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achim03 9 months ago

One way is through Crypto.com. It has the advantage of topping up a debit card which has some benefits (depending on your tier), but to get from Hive to crypto.com you need to go through another ecosystem like BSC or use SPS which is listed there

I use crypto com most of the time by swapping swap.hive for swap.ltc and then I directly withdraw to crypto.com and top up my credit card.

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gadrian 9 months ago

Thanks for this route. I might use it during this bull market.

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liotes 9 months ago

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vaynard86 9 months ago

This is something that I want to know. So far my peers shared that they used SPS through Crypto.com to move things in and out of HIVE

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liotes 9 months ago

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ladymisa 9 months ago

I haven't moved anything in or out, but it's nice to know what options I have now from reading what everyone is saying. :)

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achim03 9 months ago

Once you need to, you can come back to this post :-)

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liotes 9 months ago

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gwajnberg 9 months ago

I can't buy hive in Canada. What I do I use a platform called Shakepay to buy BTCs, they transfer BTC out of the platform covering the fees. Hive engine receives the BTC, I sell it for swap.hive and done.
Way out I was using either LTC or BCH at hive engine to coinbase and withdrawing it.
But lately I wrote a post testing v4v.app to transfer HBD directly into BTC lightining network. I paid a credit card bill using a platform in here that receives through lightining network creating invoices to pay bills, transferring to bank account and other things.

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pizzabot 9 months ago (edited)

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ekavieka tipped achim03
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