Buying Hive through BSC Network

in LeoFinance3 years ago

Buying Hive through BSC Network

Now 4 days ago @nathanmars was sharing the initiative to buy at least 5 Hive for Hive birthday. As i had no funds on Binance but i had some BNB on BSC chain i decided to learn something new and spend some fees on CubFinance.

BNB to Hive on BSC network

  • Swaping

If your start point is BNB that most probably means that you have a wallet on BSC network. So you will need to go to CubFinance click on the Trade (second menu on the left), then click Exchange on the drop down.

Now you will get the Swap option, where you pick coins you want to swap.
BNB ---> bLeo

Now you have bLeo in your metamask wallet
1.jpg

  • Unwrapping

Now you need to unwrap bleo to move your leo token from BSC network to Hive network. LeoFinance made a UI for wrapping and unwrapping Leo tokens on ETH and BSC.
Visit the UI for Wrapped LEO (bLEO). First on the left is bLeo. There will be 2 options. We want to send our bLeo to Leo (from BSC to Hive network)

Enter your Hive Username and click Submit

2.jpg

Click on the MetaMask option

3.jpg

Enter the amount of bLeo you want to transfer

4.jpg

Click OK, verify the transaction on your Metamask. Now you have Leo token on Hive network.

  • Buying Hive

On the left side click on the LeoDex.

5.jpg

leodex.io will open and now you can trade Leo for Hive. Be sure not to multitask while doing this, as you can end up buying Leo and not selling it. not that i did :) (i did...)

6.jpg

Next, Click Withdraw and you have your Hive in your Hive wallet

7.jpg

Bonus, Power it up. I am taking credit for at least half of the price action that happened after this powerup. Second half is Ron turning off his witness for a replay.

8.jpg

After writing this, it does look a bit complicated, but in reality it is only few minutes and few clicks. Is this the best option to buy Hive? No, sure not, but it is an option that we have.

In the end i was probably lucky as i did a rough estimate and i started with a bit over 10$ and ended up with pretty similar amount (- the BSC fees)

Posted Using LeoFinance Beta

Sort:  

Great easy way to get people from BNB Into HIVE and also LEO. No exchange listing needed. A stepping stone to more exchange listings I hope.

decentralized swapping is important, especially for people that can't get on some centralized exchanges.

This is probably the right thing I need right now. I'm about to power up my account for the first time in 3 years. After that I was thinking of "playing" with LEO and CUB but couldn't find the right "how to", now I found it and I'm sure this is going to help me.

Ako ću negdje zapeti slobodno ti se javim u komentare? Btw. stvarno odličan tutorial, 50% straha od nepoznatog si mi izbrisao s ovime 😅

kad je Cub krenuo to mi je bio prvi kontakt sa BSC. posle par dana sam poceo da brinem sto klikcem i ne obracam paznju :) cini mi se da je bolje imati bar malo straha, tera na proveravanje :)

ako zapnes negde pitaj slobodno

Ma brutala, sad si me samo namamio.
Može, hvala ti.

not a financial advice :D

Hahahah da se ne vučemo po sudovima 😂

Nice. Love the not as complex as it looks line. Sums up Crypto lol

it looks scary but when you learn few thing it is really not. i am more worried when i start clicking without much thought (then i end up buying leo instead of selling it :) ), it is better when it is a bit scary :)

With this incredible bridge you can buy LEO or HIVE with any currency that is available in BSC.

Posted Using LeoFinance Beta

Yes, @bil.prag, this works. I hope someday soon™ Hive will be available on a DEX somewhere other than Hive Engine (a CEX and a very limited one at that ...). Who knows, perhaps Khal and team will decide to make this option available on Cub Finance!

Posted Using LeoFinance Beta

Congratulations @bil.prag! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

You distributed more than 96000 upvotes.
Your next target is to reach 97000 upvotes.

You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word STOP

Check out the last post from @hivebuzz:

A successful meetup and its commemorative badge