Direct from the desk of Dane Williams.
Walkthrough on getting free BNB for gas fees using Hive’s layer-2 swap tokens.
Whenever you use Binance Smart Chain, you need BNB tokens to pay gas fees on every transaction.
While we’re spoiled by the fast and FREE transactions here on Hive, you require gas fees on almost every other blockchain.
You could open an account on a centralised exchange and buy BNB there, but many of you simply want an easy way to get free BNB.
This blog walks you through using a Hive account to get free BNB that you can then easily transfer to your BSC DeFi platform of choice like Cub Finance.
Let’s get into it.
1. Open a free Web3 Hive account
Obviously you’ve stumbled across this blog from outside of the Hive ecosystem, while searching for free BNB for gas fees.
So the first thing you’re going to need to do is open a Hive account.
Thanks to LeoFinance, the process of getting a censorship-resistant Hive account is super simple.
All you need is your Twitter login and you’re good to go.
Simply head to leofinance.io, click the get started button at the top to create your account.
Claim your keys, add them to Keychain and you’re now able to earn HIVE rewards from posting/commenting/curating that you can use to get free BNB for gas fees.
If you already have a Hive account, you can of course skip the step of earning and use the HIVE already sitting in your wallet.
2. Earn HIVE crypto for free
How does simply exchanging your time for free HIVE crypto sound?
Well this is what the Hive blockchain offers anyone and everyone.
By using any of Hive's Web3 social media dApps, you're able to earn free crypto by just adding to the conversation.
Yes Hive has a reputation as being a blogging platform, but as we see everyday here on LeoFinance, comments are generously upvoted.
Stakeholders see the value of engagement and reward comments that add to or spawn further discussion.
Crypto rewards that by following this simple walkthrough, you’re able to then permissionlessly transfer to BSC for gas fees.
3. Deposit HIVE into Hive-Engine
Hive’s layer-2 solution known here as Hive-Engine acts as the bridge between Hive and Binance Smart Chain.
While HivePay SWAP is cheaper, the main Tribaldex front-end always has liquidity so for the purpose of this walkthrough, we’ll use them.
Click your wallet at the top and then choose HIVE from the drop down.
You will now see that deposit sitting as SWAP.HIVE in your wallet.
4. Swap SWAP.HIVE for SWAP.BNB
Stay on Tribaldex and click the pools tab at the top of the screen.
This is where you can easily swap your SWAP.HIVE that you just deposited for SWAP.BNB that you can use for gas fees.
This is an asset backed token, meaning that the Hive-Engine team is holding BNB at a 1:1 ratio and thus its price remains pegged to the real asset.
5. Withdraw SWAP.BNB to your Binance Smart Chain wallet
Finally, click on your wallet at the top and then the withdraw button.
After the transaction is confirmed on Binance Smart Chain, the BNB will appear in your MetaMask balance.
By earning HIVE from your social activity, you now have what is essentially free BNB for gas fees!
Final thoughts on getting free BNB for gas fees
The process here is exactly the same as we used the other week while getting free MATIC for gas fees.
It shows just how powerful the distribution model behind the HIVE token is, allowing you to earn free crypto rather than having to buy it off an exchange.
The old model of going to a faucet to get free BNB for gas fees is dead.
Use Hive instead.
Best of probabilities to you.
Posted Using LeoFinance Beta
Good Advise 👍😁👌
!PIZZA
Thanks Tin.
Great to see that you're still growing your account here on Hive!
Have some !PIZZA right back :)
Posted Using LeoFinance Beta
noiio
This is what I like the most about Hive. It gives me pocket money to spend on my crypto adventures. :')
Posted Using LeoFinance Beta
If you're anything like me, you're expecting it to turn into a little more than just pocket money in the long run!
Posted Using LeoFinance Beta
Yes Dane. 100%. I am with you on this one. Would love to make it big. 🔥
Posted Using LeoFinance Beta
It's a similar process and I think it's good for gas fees. It makes me wonder if I should be converting LEO for BNB to cover gas fees or not. I use to just do it through the wLEO bridge.
Posted Using LeoFinance Beta
As in wrapping LEO into bLEO and then selling it for BNB via PancakeSwap?
Posted Using LeoFinance Beta
Well, it came as part of my monthly add. I was actually converting LEO into building my Defi positions. In a way, most of it was gotten by converting some extra LEO on top of what I wanted into the bLEO/BNB pool.
Posted Using LeoFinance Beta
I like HIVE and the LeoFinance community.
Have a great day.
!LOLZ
!PIZZA
!PGM
100 PGM token to send 0.1 PGM three times per day
500 to send and receive 0.1 PGM five times per day
1000 to send and receive 0.1 PGM ten times per day
Discord
Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP
Get votes from @ pgm-curator by paying in PGM, here is a guide
Create a HIVE account with PGM from our discord server, here is a guide
I'm a bot, if you want a hand ask @ zottone444
lolztoken.com
No one, it happens Autumnatically.
Credit: reddit
@forexbrokr, I sent you an $LOLZ on behalf of @steem82868
Use the !LOL or !LOLZ command to share a joke and an $LOLZ. (6/10)
Yikes those auto-reply bots are spammy.
The teams really need to sort that out...
Posted Using LeoFinance Beta
Sorry to trouble you.
Have a great day.
Tribaldex is actually the most useful bridge in crypto, too bad it's still lacking serious liquidity but the fact that you can move to almost any chain from Hive is amazing.
Posted Using LeoFinance Beta
Tribaldex - Potentially the most useful bridge in crypto.
If only there was more liquidity...
Posted Using LeoFinance Beta
excellent marketing idea for HIVE - not an easy one with 5 required steps to make in an overcomplex new world, but the for-free argument may motivate.
Posted Using LeoFinance Beta
The easiest way to get BNB is to buy it in 1 step.
But if you want FREE BNB for gas fees, then it takes a few more steps.
That's life ;)
Posted Using LeoFinance Beta
That's great to know! I need some BNB and I was going to buy it on Binance because I always forget that there is an alternative route right here on Hive!
!hivebits
Posted Using LeoFinance Beta
Mine HBIT 1-per-day simply with (no space):
! hivebits
or! HBIT
or! hbit
or$ HBIT
.Success! You mined .9 HBIT and the user you replied to received .1 HBIT on your behalf. Reply to your own post/comment for 100%. Or, support Hivebits at the official HBIT mine | about | wallet | market | tools | connect | <><
This confirmation reply will go off when Resource Credits (RCs) get low. Your hivebits command will still go through. :) Subscribe to the LUV-HBIT Community.
If you only need a little bit of BNB for gas fees, then just swapping out some of your HIVE rewards is the best way.
Happy to hear it's helped :)
Posted Using LeoFinance Beta
Oh its great.
I haven't find it easy using tribal dex on mobile. Still wishing they can set up the hive engine sooner
Mobile access is definitely something that the Tribaldex team should prioritise.
Thanks for the feedback :)
Posted Using LeoFinance Beta
Nice. I did not know this. I used exchanges to get my BNB and MATIC before.
Using exchanges to get BNB costs money.
Hive allows you to get free BNB for gas fees as it costs nothing more than your time to comment.
Posted Using LeoFinance Beta
Of course with a note that we have an adequate number of Hives and at least this shortens our process in getting BNB, because everything can be done on Hive, helpful article.
Posted Using LeoFinance Beta
If you create a Hive account via LeoFinance, then you automatically receive a HP delegation to get you started.
At least enough HP required to start commenting and earning that free HIVE which you can then swap for BNB.
Posted Using LeoFinance Beta
Interesting post @forexbrokr. I am still a newbie to Hive and information like this is very helpful, Thanks
Posted Using LeoFinance Beta
Hive really can act as the gateway to the rest of the crypto world.
Very cool to be a part of :)
Posted Using LeoFinance Beta
There's an easy process I am too lazy to do.
Posted Using LeoFinance Beta
Remember, you always have the easy option of just buying BNB off a centralised exchange.
Posted Using LeoFinance Beta
Thanks for the information. I did not know that was possible.
Posted Using LeoFinance Beta
Hive makes many things possible ;)
Posted Using LeoFinance Beta
PIZZA Holders sent $PIZZA tips in this post's comments:
steem82868 tipped forexbrokr (x1)
tin.aung.soe tipped forexbrokr (x1)
@successchar(3/5) tipped @forexbrokr (x1)
forexbrokr tipped tin.aung.soe (x1)
You can now send $PIZZA tips in Discord via tip.cc!
Okay
Posted Using LeoFinance Beta
~~~ embed:1511669677591834626 twitter metadata:bm9hZHZpY2UzfHxodHRwczovL3R3aXR0ZXIuY29tL25vYWR2aWNlMy9zdGF0dXMvMTUxMTY2OTY3NzU5MTgzNDYyNnw= ~~~
The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
interesant.
Have you ever needed a small amount of BNB for gas fees?
Posted Using LeoFinance Beta
Yeah, a little bit harder than a faucet but much more rewarding.
Posted Using LeoFinance Beta
What a great way to see it as such :) I never really thought it that way but you've just given me a good poke in the head through this :)
Posted Using LeoFinance Beta
Thanks for this tip. I've been tryong to figure a way to get BNB.
!PIZZA
Posted Using LeoFinance Beta
Nice good
Posted Using LeoFinance Beta
This looks very helpful! I hope it works.
Posted Using LeoFinance Beta
That was helpfull
Posted Using LeoFinance Beta
very good advise because it can help many people earn BNB on gas for free eg Good job
Posted Using LeoFinance Beta
Nice
Posted Using LeoFinance Beta
Cool
Posted Using LeoFinance Beta
Thanks for free BNB
Posted Using LeoFinance Beta
Nice
Posted Using LeoFinance Beta
Ready
Posted Using LeoFinance Beta
Godd advise ....Thank u
Posted Using LeoFinance Beta
SO?
Oh i get it