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RE: Are you converting Hive to HBD?

in LeoFinance3 years ago

How (where) can I use this option? When I convert HBD to HIVE I always do that in the market section of the wallet. This option is somewhere else? And what is the point of of 5% fee? Isn't market convertion better? Or those amounts are calculated somehow on post creation?
Where could I find the overall info about our monetary policy and structure?

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PeakD has it under wallet on your Hive transfer button if you hit the down arrow.

5% fee means you are essentially paying $1.05 (US) for the HBD (though subject to price fluctuation of HIVE over the next 3.5 days). If you were to buy it from the market right now you would pay about $1.30 so clearly it is better to pay to lower price. Just make sure you understand how the conversion operation works, including the need to lock up extra collateral for 3.5 days.