Converting your HBD to Hive with Blocktrades
You have two options in converting your HBD(Hive Backed Dollars) to Hive. These options are :
- Allowing the system convert it for you but you will wait 3.5 days
- Using blocktrades to convert it within minutes but you will pay a 1% fee.
Well I usually go with option 2 because of the price fluctuations. I prefer to have my hive now and make use of it than wait for extra 3.5 days.
So I will be teaching you how to use option 2 above.
I will assume since you are here you have a hiveblog account. When you log into your hive blog account with your posting key, click on wallet.
Then go down and you will see HIVE DOLLARS then click on sell, automatically you will be directed to the bloctrades website.
On the blocktrades platform you will see the above image. If you already have an account on blocktrade then log in but if you don’t, then sign up. From the image above,you can see send Hive Dollar and Receive ether. This process goes for ether but we are focused on Hive.
Since we are focused on Hive and not ether you click on it and change it to Hive.
You will be shown where you can put your receive address, then click on get a new Deposit address. But make sure address is valid.
You will be directed to this place, where you will be on HiveSigner. You are using HiveSigner because the transaction is within the hive blog account. Just as the instructions stated.
Input your Hive Username, and click on “Transfer Using HiveSigner”
After being directed to the HiveSigner platform, click on continue and enter your password then approve the transaction.
You will get your Hive token with in a minute. But don’t forget you will have to pay a 1% fee.
What about the internal market ?
I mean this one : https://wallet.hive.blog/market
It's even free to exchange there hive dollar to hive !
Haven’t tried it before but I’ll give it a try next time. Thanks for this.
Fantastic lecture for everyone.
Thanks for sharing
You are welcoming. Thank you for the comment