Today is the 1st day of September which means a couple of things. Firstly it means that this year is flying past (how are we already in September!), but the other thing it means is of course Hive Power Up Day
As mentioned in a previous post, I've not used actual money to power up some Hive for a while, but with the recent price drop down to just $0.20, it is a bargain at the moment
Those of you who read my previous post will know I quickly hit a snag when I turned to @ionomy in order to do this, as the account appears to be inactive, and the website refuses to load.
I asked for suggestions on where to turn next, and got some helpful replies.
I wanted 2 key things:
1 - I want to give out as little KYC info as possible 2 - It needs to be simple
I don't want to faff around with setting up new accounts, or new wallets, or want to transfer it through 17 different sites. I want to buy something on coinbase, swap that to Hive and transfer it here.
The first option was simpleswap.io
It looked straight forward enough, just send some btc to their address, and then get hive sent to my hive account.
But I didn't want to just get hive, I needed to find a way to reverse the transaction (i.e. send them hive and receive btc, which I could then sell on Coinbase). I don't plan to sell anything anytime soon, but I need to know that the option to take it out exists
I also know that @goldenoakfarm wanted to know how to do it, so I decided to check for her benefit
it turns out that it will not do that swap in the other direction, it will not allow me to swap HIVE with anything interesting (no BTC, no ETH, no LTC)
So simpleswap.io is not suitable
I really wanted to avoid setting up new accounts on either Binance or Mexc, so there was one more option to try in order to just 'swap' the currency I needed: Changelly.
I checked the options and could see there were options to give BTC and receive HIVE:
But importantly I would be able to do the opposite transaction, and give HIVE in exchange for BTC
Right then. I think I've found a suitable way to trade.... lets give this a go.
*First of all I need to transfer some money from my bank to Coinbase, and then buy BTC with it.
I'll share screenshots below of the transaction (mostly for my benefit as I'll probably forget by the time I try this again
1/4 - select the amount of BTC I want to send (remembering to take in account the transfer fee)
2/4 - select my destination address (i.e. my Hive account)
3/4> - go back on to coinbase and send the correct amount of BTC to the Changelly address
4/4 - Wait for the transaction to happen
Sending...
...and there we have it, the BTC has been recieved, and the Hive has been sent to me
I have to say, it was a really easy and simple way to do it (even easy than the ionomy route to be fair). And the only info I needed to provide was as email address to create an account. And presumably to action the transaction in reverse, I'd just put the opposite information in - send my Hive to a specified account, and then recieve the exchanged BTC to the wallet I specify.
And now its time to power up my account with 420 Hive:
...which takes me to a grand total of 27220,397 HP
Another small step closer to Orca status... I will get there eventually!
HPUD complete, its now time to crack on with my work day... see you again same time same place for Octobers PUD!
Thank you for reading, I hope you found it interesting.
If you have any thoughts or opinions on this article then I'd love to see your comments. And if you really like the content then maybe you would like to upvote or re-hive it.
All Photos taken by @dannewton unless otherwise stated. Check out my website for more of my work.
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