You are viewing a single comment's thread from:

RE: What is the Best Route to Get Fiat (USD) into the LEO / HIVE Ecosystem?

in LeoFinance5 years ago (edited)
  • Step 1: Deposit money through bank transfer to Binance US. For me in the UK, the deposit is free of charge, 0% fees.

  • Step 2: Buy BTC or USDT on binance, 0.15% fee.

  • Step 3: Buy hive on binance using the BTC or USDT you just bought, 0.15% fee again.

  • Step 4: Withdraw hive from binance to your hive account. Almost free, less than 1 HIVE withdrawal fee if I remember correctly.

You can sign up on binance through my referral link to get a 10% discount on exchange fees: https://www.binance.com/en/register?ref=UYTCJVWC

I get discounts too if you use it.

Other good options are exchanges like coinbase and Kraken, although exchange fees are higher there (0.5% I think) and HIVE isn't listed. So it would require an extra step sending whatever crypto you buy there to binance or to @blocktrades' exchange: https://blocktrades.us/en/trade

Edit - Apparently hive isn't listed on Binance US. And binance global isn't legal in the US. So you have to go with the second way, buying first on an exchange and then sending to blocktrades.

Sort:  

Thanks for outlining this so clearly and so cleanly.

And thanks for highlighting the fact that the U.S. gov't is restricting our freedoms in this area.

But if you're a US citizen you can buy on Binance.com by using a VPN connecting from different country.

Posted Using LeoFinance Beta