Taking My HIVE to the Exchange! The Easiest Way to Deposit on Binance 🔥

My quick guide to depositing HIVE on Binance and continuing to grow my capital! 🚀

Hi everyone! Today I want to share a super useful process I just completed and that I know many of you are interested in: depositing my HIVE tokens on Binance to trade or simply keep them there. It's easier than it seems, I promise!

Here are the steps I followed:

Go to my Binance Wallet: The first thing is to log into my Binance account and go to the "Wallet" section (usually "Spot").

Search for HIVE: I use the cryptocurrency search bar and type "HIVE." When it appears, I click "Deposit."

Be careful with the MEMO and the Address! This is the MOST important part. Binance gives me two things:

The Deposit Address: This is the Binance account where I will send the HIVE.

The MEMO (or Label): This is a UNIQUE numerical code for me! It's what tells Binance that those HIVE are MINE. If I forget to add the MEMO, my funds could be lost. 😨

Send from my Hive Wallet: Now I go to my Hive wallet (Hive Wallet, PeakD, etc.).

I select Send/Transfer HIVE.

I paste the Binance Deposit Address into the recipient field.

I paste the Binance MEMO into the memo/label field.

I enter the amount of HIVE I want to send.

I confirm the transaction.

Wait! Transactions on the Hive network are usually fast, but it may still take a couple of minutes. I just have to wait for the notification from Binance that says: "HIVE deposit successful." 🎉

My golden tip: For the first time, send a SMALL amount! This way, you can make sure the address and the memo are correct before sending the full amount. Better safe than sorry!

Does anyone else use this route? Do you have any other tips? I'll read them in the comments!

Posted using LasseCash