The price of Hive seems low now. Instead of brooding over it, there is another option if we have faith that Hive prices will go back up, and have some spare cash, of course.
Even if it does not go back up to the highs of 50 cents, even if it goes up by a little than what we purchase, we can say we have a successful trade.
The problem for me is to buy Hive. I don't have access to a CEX that offers Hive, which I think is partially a reason why Hive's price isn't moving. It's hard for people to get hold of Hive in certain parts of the world.
My last method was to buy LTC and swap it in Tribadex. LTC because the fees are cheap, and fast enough.
The alternative is to use Transak, and directly use a credit card to buy it. This method is quite fast and rather fuss-free. But let me tell you why this is not preferable if one has access to buying LTC.
The current price of Hive is at 0.253 according to Coingecko. It would cost about 0.31-0.33 to buy 1 Hive if we go through Transak. There is something extra we pay here.
Now, since in my situation, I can buy LTC without the extra credit card charges, I tried another method. That is to use Simple Swap https://simpleswap.io/.
I found that the price I paid for Hive through this method is 0.26 eventually. It takes a bit of effort. First, buy LTC from my CEX using bank transfer (negligible fees) and then going to Simple Swap to complete the transaction to Hive. This way I am not paying too much of the extra premium.
How much is the difference? The percentage difference between 0.31 and 0.26 is approximately 19.23%!
Well, clearly, this is no financial advice here. You have to do due diligence for your own investment and transaction.
Honestly, it does get a little scary to use Simple Swap. It seems like everything is so untrackable. So its better to try a small amount if you are keen to use this approach.
Would there be an even cheaper way? Maybe through LEODEX? Perhaps, but the LTC network is not on it at the moment and I don't have easy access to buy the other tokens available in LEODEX. If I find a workaround way, I will let you know!
Posted Using InLeo Alpha
Buy USDC on arbitrum...your dex should allow that. It is an easy move to Maya which then swapped for LEO or even HIVE.
Thanks, i will explore
It is pretty easy to use. LeoDex is rather intuitive.
Arbitrum has almost no fees. You do need a bit of ETH in that wallet since it uses that as payment but it is a few cents.
I use DOGE for my in and out transactions for Hive. I might use LTC too in the future.
Thanks for this.
I might use DOGE next time to try it out
Yes, that's what I've been wondering too. It's not easy to buy hive if I only have a smaller amount to buy one. Adding with the unlucky fact in the Philippines, there's not much website or platform that offers more about cryptos.
Yep, Simple Swap is quite all right - fast, cost efficient, no KYC whatsoever... And accepts LTC. At least until Maya implements LTC, Simple Swap seems a great option to me.
That tickled me as you say that is a price drop of Hive too...
Simpleswap seems popular enough, but yes like anything do it small so you don't get scammed.
I think that can also be done through MATIC swap to make it even cheaper than going by the route of LTC.
I think I have used simpleswap in the past. Not sure which coin it was, but it's relatively ost-effective.
Yeah. I'm interested too.😊
This post has been manually curated by @bhattg from Indiaunited community. Join us on our Discord Server.
Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators.
100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.
Great tutorial and many ways to buy Hive. Hopefully buying Hive directly with easier options would be good for all.
I still use MATIC
In which "part of the world" are you?
What is your thesis about the sudden price drop? !LUV
a chance to buy! :)
North Korea LOL
Absolutely. Don't want to share location? !LOLZ !HUG
I sent 1.0 HUG on behalf of @svanbo.
(1/3)
lolztoken.com
Luckily I Noah guy.
Credit: happyme
@cryptothesis, I sent you an $LOLZ on behalf of svanbo
(6/10)
NEW: Join LOLZ's Daily Earn and Burn Contest and win $LOLZ