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RE: Hive Backed Dollars (HBD) FAQ

in LeoFinance2 years ago

Can anyone tell me where can I sell HBD and HIVE for fiat currencies? Also a link to an explanation would be appreciated. So far I was unable to find valuable information on this topic.

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Where can I sell HBD and HIVE for fiat currencies?

Don’t have a KYC account on Bittrex or Upbit?

Well, LeoFinance has set up the ability to bridge your HBD to a BSC based derivative called bHBD.

They have then built liquidity pools on the Cub Finance platform for bHBD:BUSD and bHIVE:bHBD.

Meaning that you can now permissionlessly swap between HBD and anything traded against BUSD via a DEX.

Once you have BUSD, you can easily swap it to your coin of choice (@opinizeunltd's suggestion of BTC or ETH will take another step as you can't buy those native assets on BSC), or simply send it as is to your non-KYC CEX of choice to withdraw into fiat.

Check out my how to buy HIVE without KYC tutorial for the process (and obviously just change bHIVE to bHBD)

Posted Using LeoFinance Beta

Thanks for the response, and the link!

Exchange for btc or eth then go to fiat