Thanks to @indayclara for taking this photo of me.
HIVE just recently reached an All-Time High (ATH) price of $1.5743 (as of writing) and my local Hive community was abuzz. We were thrilled and joyous and loud in our group chat. I was very pleased because I have some liquid HIVE sitting in my Binance. I sold a bit of it because I just couldn't resist. Some people were sad because they said they sold their HIVE the day before. A newbie sent me a message asking what the fuss was about and whether he should withdraw. Of course, I told him no. Absolutely not. Not yet anyway. In this post, that newbie and all the other Hive newbies out there will hopefully understand why.
My local Hive community is quite active. We take turns sharing our posts in our group chat, we talk about interesting and funny topics, and lastly, we work together to grow our community by organizing meet-ups and inviting new members. Here are some of our photos during our meet-ups:
All photos taken from @indayclara's blog.
One of the things we discuss is how Hive works. We focus on the basics, the kind of content you can post, the reward system, and how to get started. We touch a bit on how a user can withdraw their earnings but we don't go into the very details because (1) it would take a lot of time to explain the whole process, (2) it can become a bit too complicated, and (3) we don't want new users to think so much about the earnings when they start.
Of course, as newbies make their way into Hive and start to receive rewards from their posts, they can't help but wonder, "How can I withdraw my earnings?" The diagram below shows the general process that I recommend on how you can withdraw your Hive earnings. The next parts of this post will tackle the process in detail. Note that although the process is optimized for Filipino authors, others can still refer to this guide.
For the purpose of this guide, Hive (capital H) will refer to the platform, and HIVE (all caps) is the token or cryptocurrency.
HIVE REWARDS
Before we go into how you can withdraw your earnings and since this post is intended for newbies, we should first review quickly how an author receives rewards for his posts.
After publishing a post, other users in Hive can upvote your post for 7 days. Your post will earn rewards depending on the vote value of the 'upvoters' and the percentage of their votes they give. The first 24 hours are critical since most of the users will vote within this window to avoid a reduction in their voting rewards. This means that most of the rewards that your post will get will be during this time frame. You will still get upvotes on your post (expect only a few) until it reaches 7 days for the payout.
During payout, the rewards that you will receive from your post will be 50% of the total post rewards. The other 50% goes to the 'upvoters' or 'curators' as voting rewards. Your share of the post rewards will be further divided into HBD and HP. Another 50/50 split will happen with one half being HBD and the other half in HP. The amount of HP that will be received will depend on the current prices of HBD and HIVE.
Suppose my post rewards reached 50.00 during payout, 50% of 50.00 or 25.00 will go to the 'upvoters' as their voting rewards and the other 25.00 will be my share of the rewards.
The 25.00 will be divided in half again giving me 12.50 HBD and HP that is worth 12.50 HBD. Assuming HBD is $1.00 and HIVE is $1.50, I will get 12.50 HBD x $1.00 (HBD price) ÷ $1.50 (HIVE price) = 8.333 HIVE. Since HP is just (staked) HIVE, I will receive 8.333 HP.
Please take a look at the example represented by the illustration below:
BUYING HIVE AT THE INTERNAL MARKET
Now that you have some HBD in your wallet, the next step is to convert that to HIVE by selling your HBD at the internal market. This is the quickest option for a newbie. You need to convert your HBD to HIVE since most cryptocurrency exchanges only accept HIVE.
You can access the internal market through the following steps:
(A) THROUGH PEAKD
If you're using https://peakd.com/, go to your wallet, click the drop-down arrow under your HBD, and click market.
(B) THROUGH HIVE
Similarly, if you are using https://hive.blog/, you can go to your wallet, click the dropdown arrow under your HIVE DOLLARS, and select Market.
(C) THROUGH DIRECT LINK
Or you can just go directly to https://wallet.hive.blog/market. You will be brought to the internal market shown below. Make sure you are logged in.
Next, here are the steps to convert all your HBD to HIVE:
- In the BUY HIVE portion, click on the text "Available" and all your HBD will be shown in the TOTAL HBD field.
- Next, click on the text "Lowest ask" and the lowest buying price will be shown in the PRICE HBD/HIVE field. This will be used to calculate how much HIVE you're going to get.
- Click on the BUY HIVE button and a confirmation window will appear. Click OK.
- Wait for a couple of minutes for the Buy Order to be executed. You can go back and refresh your wallet to check if you already received the HIVE.
TRANSFERRING TO AN EXCHANGE (BINANCE)
Once you have available or liquid HIVE, the next step is to transfer it to an Exchange Platform. There are several platforms out there that you can use depending on your preference or location. For the purpose of this guide, I recommend using Binance because it's what I'm using and familiar with. If you don't have an account yet, you can download the App or go to their website or use my referral link and register for a Binance Account through here. After registering an account, you need to complete the verification process. I won't go into the very details of setting up your Binance. Just follow the instructions or go here to learn how to complete the verification. After verification, make sure to change your account type to Binance Pro from Binance Lite. You can do that on your Account Page.
Here are the detailed steps on how to send or deposit all your available HIVE to your Binance Spot Wallet:
- In Binance, go to your Spot wallet (or Fiat and Spot Wallet) and search for HIVE.
- Click on Deposit. If you're on mobile, select HIVE network.
- Copy the address shown in Binance (it will be deepcrypto8).
- Open another window or tab and go to your Wallet in Peakd or Hive.
- Under your available HIVE, click Send.
- Paste the (deepcrypto8) address in the field intended for "To."
- Click on the numbers showing all your available HIVE. It will be copied below.
- Go back to the "Deposit HIVE" page in Binance and copy the MEMO.
- Return to the "Transfer HIVE" page in your Peakd or Hive Wallet.
- Paste the MEMO in the intended field.
- Click on CONTINUE and you will be asked to put in your Active Key. After putting in your Active Key, click CONFIRM.
- Wait for a few minutes for your HIVE to be deposited in your Binance.
IMPORTANT: Make sure to always copy and paste the Address and MEMO from Binance to Hive. Never type them manually to prevent losing your HIVE during deposits. Also, check if there is no added space in the Address, MEMO, or Active Key. Lastly, always double-check everything before continuing and confirming the transfer.
Depositing HIVE to your Binance Wallet
Confirming the Transfer using your Active Key
SELLING HIVE FOR MAJOR COINS (USDT)
The major (and only other) cryptocurrencies that you can trade HIVE within Binance are USDT, BTC, and, recently, BUSD. You can choose any of those but for the purpose of this guide, I recommend choosing USDT. USDT is a Stable Coin similar to HBD. It's designed to have a value very close to $1 which means that the HIVE you convert to USDT will not be affected by the price changes of HIVE in the future after you perform the trade.
Once your (Fiat and) Spot Wallet in Binance already shows that your deposited HIVE has arrived, you can then trade it. These are the steps I recommend to sell all your HIVE to USDT using the Market Price in Spot Trading.
These are all in Binance.
- Go to Markets and make sure you're in Spot (Trading).
- Search for HIVE/USDT pairing. If you're on the web version, select FIAT.
- Click HIVE/USDT. If you're on web, you can select Classic Trading if it asks.
- Take note that you will be selling. On mobile, select Sell.
- The default order will be Limit. Change it to Market. Changing it to Market will make your Sell Order be executed immediately without having to wait for prices to match.
- Type in all your available HIVE or simply set the slider to 100%.
- Click Sell HIVE.
- The Sell Order will be executed immediately and you can check your Spot Wallet that all your HIVE has been converted to USDT using the average Market Price/s at the time of your order.
HIVE/USDT Spot Trading in Web View (Full Screen)
HIVE/USDT Spot Trading (SELL HIVE) Mobile View
SELLING USDT FOR YOUR COUNTRY'S CURRENCY
USDT can be sold for all major world currencies. That is why you convert your HIVE to USDT. The next and last step would be to sell your USDT via Peer-to-Peer (P2P) Trading in Binance.
Before selling USDT through P2P trading, you need to transfer it first to your Funding (or previously P2P) Wallet. Here are the steps to transfer all your USDT from your Spot Wallet to your Funding (P2P) Wallet.
- Go to your Spot Wallet.
- Select Transfer.
- Make sure 'From' is Spot Wallet (or Fiat and Spot) and 'To' is Funding.
- Change the coin to USDT (in mobile, the default is BTC).
- Type in all your available USDT or just select Max.
- Click Confirm. The USDT in your Spot will be zero and all of it will be transferred to your Funding Wallet.
Transferring from Spot to Funding Wallet (Mobile)
Transferring from Fiat and Spot Wallet to Funding Wallet (Web)
Finally, you're in the last step. You'll be Selling your USDT for your local currency and receive the payment via the payment channels that you have set in Binance during account setup and verification. For the purpose of this guide, I recommend you sell via P2P Express. Here are the steps to sell all your USDT to PHP (or your local currency) via P2P Express.
- For Mobile: Go to your wallet. Select Funding. Select P2P.
- For Web: Click Buy Crypto (at the top) and click P2P Trading.
- Make sure you're in Express and that your window is set to Sell.
- Select USDT as the coin to Sell.
- Input all your available USDT (web) or click Max (mobile).
- Click Sell with 0 Fee.
- You'll be shown the Payment Options you have set in Binance. Select one or click "Add Another Payment Method" if you need to. The prices of USDT will also be shown for each Payment Option available.
- Click Confirm Sale.
- You will be directed to a page showing the details of the trade and the buyer information.
- Wait for the payment to be deposited to your selected payment option.
- Check the balance of your bank account/eWallet/GCash if the payment has been reflected already.
- Once the payment has been made, go back to Binance and click Confirm Release. Another window will appear asking you to confirm the payment. Click the check icon and click Confirm.
- A Code will be sent to your mobile number and Binance will ask for that code. Type it in and a confirmation window will appear that the trade has been completed.
Selling USDT for PHP through Express (Web)
Selling USDT for PHP through Express (Mobile)
WHEN TO WITHDRAW YOUR HIVE EARNINGS AND OTHER TIPS
There you have it! You now know the complete steps on how to withdraw your Hive earnings. The other logical question that could come from a newbie is, "When do I withdraw my Hive earnings?" To answer this question and to offer some helpful tips, here is a list of important things to remember and follow when it comes to managing or withdrawing your Hive earnings:
- Let your Hive earnings accumulate first. You don't want to withdraw a very small amount. I personally recommend withdrawing after several months. Take note that Spot Trading in Binance requires more than $10 for each trade. While you're accumulating your earnings, consider transferring your HBD or HIVE to Hive Savings to earn 10% APR. Withdrawing your Hive Savings is subject to 3 days waiting period.
- Don't convert your HBD to HIVE when the price of HIVE is very high. Hold on to your HBD and wait for the price of HIVE to go down or reach support levels (read up on crypto trading if you don't understand this).
- You should convert your HBD to HIVE when (1) HIVE price is low so that you can get a lot of HIVE and wait for its price to increase to maximize profit and (2) when HBD price is high but this seldom happens since HBD is designed to stabilize at $1.
For example, you have 100 HBD. Assuming HBD is stable at $1 and HIVE is currently at $0.5, converting all your HBD will give you 200 HIVE which will have a total current value of $100. If the price of HIVE increases to $1.5, the value of all your HIVE will then be $300. - You can convert your HIVE back to HBD. You should do this when you have liquid HIVE and when the price of HIVE has increased from the time of your HBD-to-HIVE conversion. This will let you buy a lot of HBD (compared to your starting HBD). This will also allow you to keep all your HBD and HIVE assets in Hive and not in Binance. When the price of HIVE goes down again, convert your HBD to HIVE. Repeat this cycle to grow the amount of HIVE (or HBD) you have in your Hive Wallet.
- Power Up your HBD or HIVE. If you really want to delay withdrawing your Hive earnings and focus on growing your account, I strongly suggest you power up your earnings to increase your HP. You can set your post rewards to be automatically powered up or you can use your available HBD or HIVE. When powering up using HBD, it is recommended to do it when HIVE price is low to get more HP.
OTHER TIPS
- When publishing a post (except for your Introduction Post), always make sure that you're publishing in a Community. And your post should, of course, be relevant to that Community. Not publishing your posts in Communities will not give it a lot of reach and audience. It will also have lower chances of being curated.
- Promote your posts. There are several 'post promoting' schemes in Hive but the easiest I can recommend is through POSH. You can learn more about it through this link. Make sure you promote your post within the first 24 hours after publishing.
- Reach out to people for help. I think most newbies in Hive have been invited by someone who's already on the platform. If you need help, reach out to the person who onboarded you and to those people in Hive who you think will be willing to assist you. You can even ask them to withdraw or manage your Hive earnings for you.
- Engage with other authors. Engagement is valuable in Hive because it shows your interest and respect for other people's content. Don't expect people to vote for your future posts when you don't reply to their comments in your old posts or when you don't even upvote other authors' posts.
And that is it! This guide has been created by following the same process that I personally use to guide those who've asked me how to withdraw their Hive earnings through Binance. As I've mentioned before, the process is quite long and a bit complicated. But following the steps in this guide will allow a Hive newbie to get their hands on their Hive earnings converted to their local currency. In our next Hive Meet-up, I will surely use this post to discuss the topics on Hive Earnings and Withdrawal.
If you think there are errors or there are things on this guide that need to be changed, kindly mention them in the comment so that I can make a more accurate guide for the newbies.
See you in the next post. Cheers!
@justinhlee - you might find this interesting as a newbie - and also because @glecerioberto is a driver of the Personal Development community. GREAT community for you to subscribe to! Small but active, like-minded souls.
Hi! Thanks for bringing a newbie to this post and to the Personal Development Community. 😁
Reading this guide now, it could use some updating and refining to better help more newbies.
See you around!
Very informative and useful post @glecerioberto. I think its also best to add that in using Binance, the user could only do the process of trading in Binance Pro. There might be times, that when you open the Binance App its on Binance Lite.
I must agree 100% that withdrawing could be really complicated.
Thanks for this post!🙏🏼🙏🏼🙏🏼
Thanks for pointing out the Binance Pro vs Binance Lite, @asasiklause! I've already updated my post to include it. We figured a detailed post on how to withdraw is very needed since our community here in Cebu is growing fast. 😁
You're welcome. 😁
Yes. Growing really fast and it's best for newbies to have this article for reference. 🙏🏼🙏🏼🙏🏼
Tengo unos dos meses en hive y la verdad aun estoy aprendiendo. Muchas gracias por esta publicación, aunque ya retiro desde binance (aprendí con videos de YouTube) me gusta mucho encontrarme con publicaciones de este tipo que salvan una que otra duda que tengo. Es importante, Gracias!
I have about two months in hive and the truth is that I am still learning. Thank you very much for this publication, although I already retired from binance (I learned with YouTube videos) I really like to find publications of this type that save one or another doubt that I have. It is important, Thank you!
@glecerioberto wow very great information and useful blog for all hive users.Thanks for sharing.
Nice post. Thank you for your useful informations.
Thank you GB!!! You delivered!
Yes, Abe! Yay. Hahaha. This was fulfilling. Think natag next 'guide post' for newbies. 😁
This is really big help and informative blog for newbies like me.. thank you for sharing and also the tips especially in trading.. 😊
You're welcome, @intoy.bugoy! I'm glad to be able to help newbies and share the things I've learned along the way. Thank you for inviting a lot of new users recently. 😁
Wow! This is such a nice walk through! I’ll be teaching my friends using this. Thanks @glecerioberto. This is so great and very helpful too.
Hi, @nikkabomb! You're welcome. Lisud i-tudlo if walay tamdanan. Hahaha. I remember always second-guessing as a newbie if what I'm doing is correct. Transferring your earnings is an important thing to do. Sayang if mawala ra. 😅
I'm not very acquainted sa binance kay karaang pamaagi pa ako nabal-an sukad pa ni sa pikas nga platform hahaha so this blog jd helps me para ma acquaint nako finally sa binance. I even tried to sell my remaining hive gabii using this guide. hahaha naka pa grab gd kog milktea dayon wahahahah
Wow! Pa milktea naman jan. 😂 I remember during our first virtual meetup nag send si Kim og HIVE sa participants pang milktea daw. Hahaha. Join na nya sa next nga meetup. 😁
puhoon apil jd ko. na timing lang jd to last time nadugay abot ang babysitter
very informative post. Thank you po.
You're welcome po @jonnahmatias1016! I hope this helps. Happy to you see hop into Hive recently (from Steemit). Sali kayo sa sunod na meetup soon. 😁
Ye po. Willing to join po soon.
Awesome guide Glebert.
I would love to see one like that when I was a newbie :)
Thanks! Me too, @crazy-andy! I'm just glad I could bother @ybanezkim26 anytime when I had questions about Hive during my first few months. I still bother him when there are things I'm not sure of. 😅
Hopefully, this guide will save newbies time spent in overcoming the learning curve when it comes to their Hive rewards and earnings.
Thats great detailed information, well done. The other thing I always do, because I'm paranoid, is after I paste the memo from the exchange into Hive, I always check I haven't accidentally added a space after the memo, it can be done easily by placing the cursor at the end of the memo. The extra space creates a different wallet address and you won't get your funds - talking from experience here 😅
Thank you for the kind words! I've updated my post to add the thing you pointed out. How scary it is to lose your earnings because of a single space. 😅
Wait, so you really lost your funds? 😲
I did it twice, on Bittrex and Huobei (you'd think I'd learn wouldn't you!!) but luckily I got the funds back in the end. Took a little while to gather all the block transaction details and verifying my ID, but have to give credit to the customer service in both cases. They were really good. Some people say their cases take months or are even unsuccessful, so I guess I was lucky. Lesson learnt to be very careful now.
Twice! 😅 But thank God, you got the funds back. We have a few friends who unfortunately lost theirs because of errors during their transfers. I'm sure they won't commit those mistakes again. I hope? 😂
Thank you for this. 😍
You're welcome, @thegoodbi although I know you already have a good mentor teaching you her skills and knowledge. 😄
Kaayoooo 😁
This is very helpful gyud kaayo @glecerioberto
You're welcome, @itsmiessyonpeakd!
Baws kos imong gif. 😂
Still grateful for that time you helped me out on my first withdrawal. You are on point and direct on the process which I think is very important in every tutorial.
Pwede najud ka mateacher!
Soon! It's one of my dreams, char. Hahaha. Pero graduate sa kog Masters. 🙏🙏🙏
very helpful sir... detailed and for sure a lot of us here had learned a lot specially sa finance na part!
Thanks, @junebride! Happy to share our knowledge. See you sa next meet-up soon. Hahaha.
virtual meetup kay naa kos boholhehehe
I wonder who that newbie who messaged you...
Thanks for this, brother.
Kinsa kaha. Hahaha. You can try withdrawing by the end of the month. Do you have a Binance Account already?
Not yet. Will try to make one this week.
I love this post, I learnt a lot, thanks for sharing 👍🏼.
I'm happy you learned from it. Let's all help the newbies however we can. 😁
Yeah, I'm still a newbie join in August 😊
Thank you for putting this together...you've just explained the whole concept about hive to newbies like me.
Talking about how to convert HBD to Hive, how to transfer hive to wallet and earn and even converting hive back to HBD. You explained carefully how to promote a post
I find this post very helpful.
Thank you for sharing .
You're welcome, @ijohnsen! Just be guided by the mantra, "Buy Low, Sell High." 😅 As to promoting your post, I think having a strong engagement in Hive will definitely help out with the upvotes as you gain more interested followers.
Thank you
Thank you. The article is really helpful for me. I am a new member in the community.
No problem @toanhoang03t! I understand how difficult it can be for newbies when it comes to the technical side of Hive. Have a great day!
Thanks for this useful and informative post, have been worried about how to sell or transfer my Hive. This post came at the right time and am so grateful for this. Thanks so much for your contribution.
Perfect timing then! You're welcome, @hepziba. Glad I could help. 😁
Thanks for that.
Hello! I'm a newbie here. Di pa po ako nakapagwithdraw dahil konti pa nasa wallet ko. There are also some questions na nasa isip ko na nasagot po ng blog na ito. Maraming salamat po for sharing this one. 😁💗
Hi! Walang anuman. Post ka pa ng marami at mas mahaba. I'm sure lalaki din ang wallet mo. 😁
Okay po hihi
The truth is that I am not a rookie, I have been on the platform for 4 years and I have never seen an explanation like this. Thank you for sharing this important data for everyone when it comes to transferring our savings, many of us did not know what to do. I am very grateful for your explanation @glecerioberto
I actually tried searching for similar guides so that maybe I could just pick up or update from there but you're right, there was no guide to help newbies learn from the ground up. It was good that my friends kept nudging me to write this post already.
Thank you for appreciating my efforts, @isabelpena!
Salamat po sa post na ito, makakatulong ito ng husto sa mga newbie na Pinoy sa Hive.
You're welcome po, @guruvaj. Yes, sana maraming matulongan. 😁
I am sharing it with my hive friends.
Thank you so much for this post, the ONE post I've seen that addresses the withdrawal and fund system. The headache I've gone through figuring this out myself, but Now I've learned that I don't need to wait for 3.5 days to convert my HBD to HIVE, tnx. I'm sure your post would be priceless to a lot of newbies
I have never tried using the Convert to HBD or HIVE option. I'm glad I was taught how to convert between the two by buying and selling in the internal market. It's true that waiting for 3.5 days is quite long when the amount of HIVE you're trying to get is not that big. I think the Convert option is more appropriate for bulk conversions since buying or selling huge amounts of HIVE or HBD takes a long time (maybe longer than 3.5 days) because of waiting for prices to match if you're trading in the internal market.
Ok this is brilliant and exactly what I’ve been looking for! I’ve been on hive since January and have managed to earn a decent amount but I’m keen to look at withdrawing “some” hive at the end of the year. I also already downloaded the Binance app and wasn’t sure how to use it. So this is perfect!
Thanks so much!!!
#reblogged!
Withdrawing after a year, I'm sure you'll be getting a lot. 😁 I suggest converting some of your HBD to HIVE when HIVE price is low and transferring it to your savings. Better yet, power up some of your earnings and schedule a few weeks of powering down near the end of the year.
You're welcome and thanks for the reblog!
Thank you! Another question. How long does it take to power down? I’ve never done that either. I’ve literally just been allowing it to grow.
Powering down converts your HP into HIVE and you will be receiving 1/13th of your available HP every week.
You'll choose what percentage of your available HP you want to power down. Available HP is your total HP minus your delegated HP.
For example, you'll be powering down 100% of your available HP. Each week starting from a week after you executed the power down, you'll be receiving HIVE equivalent to 1/13th of your total available HP. This will continue for 13 weeks (converting all your starting available HP into HIVE) or until you stop the power down.
I hope I explained it well.
Yup all good thanks!
Good info. It's nice to see an active and thriving community like yours working at Hive. Keep it up!
Thanks! I'm lucky to be a part of a very active community indeed. Having a group makes it a lot easier learning how to navigate the platform.
Very detailed and good advice. It's quite a journey for a newbie.
On reading it really is a lot of steps to get fiat. I didn't cash out anything for a while and instead bought things through the communities with my steem/hive or used it to fund competition rewards.
It really is a bit difficult to grasp especially if you're very new to all these things. People with a crypto trading background have an advantage though. I wanted to get into trading myself that's why I've been withdrawing my Hive earnings to my Binance.
Thanks for sharing!
You're welcome!
Thats an excellent post,broadly informative and useful.Making this post took lot of dedication and time,but you just helped a lot of users to learn the basics of HIVE blog and how to operate it as a new comer.
It is indeed a very good write.,,have some chocolates, 🎁🍬🍬🍦
Thanks for the chocolates! 😋😂 I squeezed in a lot of late nights after work for this post. I'm happy that it's finished so that it can help a lot of newbies out there.
Thats an excellent post,broadly informative and useful.Making this post took lot of dedication and time,but you just helped a lot of users to learn the basics of HIVE blog and how to operate it as a new comer.
It is indeed a very good write.,,have some chocolates, 🎁🍬🍬🍦
This is a great little guide. And I'm happy to see the Cebuanos on Hive!
There are a lot of Cebuanos who blog in Hive. We might've had a Grand Meet-up already if it wasn't because of the pandemic. For now, we're planning on holding a virtual meet-up to round up everyone.
I've never been to the Philippines, but for some reason I've had several friends from the Philippines in my life. One from Cebu even! Philippinos are the nicest people on earth I think.
Very interesting and educative, i really learn alot from this post, now i know what i need to do, thank you very much for the update.
You're welcome. Take the things that apply to you. This guide will be very useful if Binance is also available in your country.
Binance is available in my country, but the problem is that, i lost the password needed for the transactions.
Thank you for breaking things down! I'm still learning but I haven't gotten to cashing out any Hive, yet. I'm too busy trying to find ways to utilize it on the blockchain and I need to let it do it's thing for a while anyway. 😁 It's always interesting to see how others are navigating their crypto. I'm don't usually ask how people about it because it seems a bit too personal but maybe that's just me.
No worries! Hive earnings are meant to be accumulated first. You can always go back to this guide once you're ready to cash out.
nice post. was following allowing and wondering on this.. why? what does this do?
If you're signing up using the App your default account type will be Binance Lite which will not allow you to trade crypto. After verification, you can change your account to Binance Pro which will grant you the options to trade. You can easily switch between account types by going to your account settings (upper left portion) and turning on the Binance Pro switch.
thank you very much for that clarification.
I love the post here! One of the things I enjoy about it the most is that you have a thriving and vibrant local community of people in the Philippines on Hive! I only know of a few people around locally that are on Hive and one of them I invited myself. It would be great to get more people into it but some just aren't at the point in their lives where they want to learn sadly.
The guide for people is great for sure but one thing I like you touched on was that people shouldn't be focusing on withdrawing their Hive as the goal but rather earning and growing on the platform first and foremost. Situations arise certainly but if someone's goal is to constantly post and drain their account of Hive then they won't be successful on here, I know I think twice about it when I see someone constantly draining their Hive account and powering down. Not always, but certainly with new users.
I want to invite a lot of people to Hive but you're right, the learning curve deters them. They don't like the idea of having to learn so much to get into the platform. That's why we hold meet-ups to conduct orientation to our invites. This way, it makes the learnings a bit easier for them.
I definitely agree that to be successful in Hive, you have to grow your account and that means accumulating your earnings. However, we can't tell people what to do with their earnings. I will be doing my first power down by the end of this year (after reaching my target HP).
I think the in-person sessions is an awesome way to get people into it. I think we forget the power of just sitting down with someone and helping them along! I will keep that in mind for sure for the future when I am interested in getting friends or colleagues into it.
That's great you've hit your HP goals! I think it's important to have goals. I didn't have goals in my first few years here but last year and this year I have set myself some goals and have thankfully achieved these goals. Congrats on getting closer to achieving that!
Thanks for sharing @glecerioberto! It is helpful to many.
God bless po!
You're welcome, @shikika. God bless you too! 😁
Salamat pud sa support! 😊
Very informative,thank you
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STOPA newbiw right here🙋🏼♀️ Thank you for the post!
Thanks for this informative tutorial!
Hello. kumusta? Thanks for the clear instructions as well as some awesome tips. I am an old steemit guy, but new to hive. it's a big help. i can tell i will learn lots from u in future posts..
:)
Hi! Okay lang po. 😁 You're welcome. Just happy to share what I know here in Hive.
Very informative blog 👍👍
Thank you!!
Very informative and useful. Thanks. I've got a couple of questions please. What's the full meaning of APR?
And, I've transferred my HBD to savings already without converting it to HIVE first. How do I transfer it back to HIVE please?
I'd really appreciate answers to my questions. Thanks.
Hi! APR means Annual Percentage Rate. It's the interest rate that your money or crypto is growing.
If you want to withdraw your HBD Savings, just click on the drop down arrow and select Withdraw HBD. It will take 3 days before it's reflected on your account. Take note that currently, only HBD earns at the indicated APR in the Savings and not HIVE.
After your HBD Savings arrive, just follow the guide above on how to sell your HBD in the internal market to get HIVE.
Hello, I want to withdraw all the money I have in ecency and send it to Binance. How can I do this?
I made some changes without understand , and the money went to HIVE DOLLARS.
Please help me guys.
Kudos for this mighty effort to help out newbies.
Thanks! Share it to any newbie who might also need it. 😁
Dear @glecerioberto , Thank you for your article!
You're welcome, @goldgrifin007! 😁
What a great guide - well done, and thanks for taking the time to explain all of this !
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very interesting post with good information!