Update : BEESWAP Live TRANSACTION | SWAP Steem To HIVE

in LeoFinance2 years ago (edited)

Dear Hive Community

Its been exactly 3 months from the hard fork with steem , and many people are doing power down from steemit and want to convert their steem to hive in easy steps. Before it was very easy to convent steem to hive as @blocktrades was supporting the swap. And I used to use @blocktrades for steem transactions but they stopped supporting steem.

Now many people have steem with them, And don't want to use exchange and do KYC with the exchange.Apart from this their are many conditions like you have to set order with certain amount like on @bittrex you cannot set order below 0.00050000 satoshis. So if you are having less Steem what will you do.Now here the question arises.

HOW TO SWAP MY STEEM TO HIVE ?

I wasn't sure what I was going to do with this steem since I didn't want to use any exchange for swap. so i started doing research on hive and looking for websites, So i have found a very easy and convenient website to Swap your steem to hive in very easy steps.

BEESWAP

Special Thanks to @gerber For providing this service.


Here are the simple and easy steps you need to follow in the process of swap.

Step 1

First Login to the website : https://beeswap.dcity.io/ you will see this screen.

NOTE: There is a 0.25% fee on all Swap

1.Enter Your Username in the field. Make sure your Steem and Hive Username are same.

2.Enter the exact amount of steem you want to swap to hive.

3.Click On the "Deposit To Hive Engine."

Screenshot_2020-06-17 beeswap.png

Step 2

After filling all the details correctly and clicking On the "Deposit To Hive Engine." You will see this screen.

*Enter Your Steem Username in the field.

*Enter Your Active/Private Key in the field.

*Then Click on "Get Started"

Screenshot_2020-06-17 steemconnect(1).png

Step 3

After Clicking on "Get Started" You see this screen. Click on " Continue"

Screenshot_2020-06-17 steemconnect.png

Step 4

After Clicking on "continue" you will be asked to "Approve" the Transaction.

Screenshot_2020-06-17 steemconnect(2).png

Step 5

After clicking on "Approve". You will see that "your transaction is on the way!"

Screenshot_2020-06-17 steemconnect(3).png

Step 6

After getting this message "your transaction is on the way!" your tranaction on beeswap is completed.

Now your steem has been transferred to the Hive engine in the form of "SWAP STEEM" You can see the details below.

Hive Engine : https://hive-engine.com/

You have to login into your hive engine to check the Swap steem you received from beeswap.

Screenshot_2020-06-17 Hive Engine - Smart Contracts on the Hive blockchain - Copy.png

Step 7

After receiving the swap steem you now have to convert it to hive, for that you have to click on the "Double Arrow" as shown in the screen , to go the trade order set up screen on hive engine.

Screenshot_2020-06-17 Hive Engine - Smart Contracts on the Hive blockchain (2).png

Step 8

After clicking on the "Double Arrow" you will see this screen, you have to set up trade as per your convince at what price you want to sell your swap steem and buy hive.

After your order get filled your "SWAP STEEM" will be Coverted to "SWAP HIVE" (Swap hive is equal to hive).

Screenshot_2020-06-17 Hive Engine - Smart Contracts on the Hive blockchain(1).png

Step 9

After your order is completed, come back to home screen and click on "withdraw" you will be asked to fill the amount of "SWAP HIVE" you have to send it to your hive account. and then click on WITHDRAW HIVE and approve the transaction.

NOTE: There is a 1% fee on all deposits and withdrawals.

Screenshot_2020-06-19 Hive Engine - Smart Contracts on the Hive blockchain.png

Screenshot_2020-06-19 Hive Engine - Smart Contracts on the Hive blockchain(1).png

Step 10

After WITHDRAW HIVE and approving the Transaction all the hive will be transferred to your hive account, you can see the below screen.

Untitled.png

Special Note : Fee Structure

Hive Engine : There is a 1% fee on all deposits and withdrawals.
Beeswap : There is a 0.25% fee on all deposits and withdrawals.

Over All total 1.25% Fess is charged in the whole process.

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This is great!!! I haven’t played with this since i didn’t know exactly how to use it but I’m more comfortable now. Thank you! 🙂

@tomoyan oh that's nice to hear that at least I make your day.

Thanks for stopping by and reading my article 😊

Hive Engine : There is a 1% fee on all deposits and withdrawals.

Why did you do step 9? You just need to use tool https://beeswap.dcity.io/ again and just use the option "Withdraw Hive" , transaction fees is again .25% , you might saved the .75% of the transaction.

Posted Using LeoFinance

@phython very nice suggestion. Seriously saying haven't check that option or you can say that I have missed out. 🙂 I will update in the post soon.

I have made a similar post today,I loved your post this is way more better then mine brother.great post.

@bhattg oh wow that's nice. Thanks for stopping by and reading my article.

pleasures is mine brother.

There is a cheaper way than 25 % commission I believe I have to look that up

@brittandjosie ya i have seen that , but after posting the article. I have to update this post I will be doing today. If we again use beeswap we don't have to pay 1% commission to hive engine which save around .75% commission.

Nice tutorial. Thanks for sharing this information.

@justclickindiva thanks for stopping by and reading my article.

I know it is past the payout period but I reblogged it anyway. Helpful articles like this should get a payout extension or in the least be able to accept another form of payment just for the appreciation of a helpful article.
@brittandjosie, I would love to see what you find.