Namaskar / Hello to all hive users, who will reach this post. I hope you are doing great and having fun in your life and enjoying it with your loved ones.
If you are an old user and you do know how to do that, then you should skip this post and share it with someone who doesn't 😅
Today we all have seen the insane pump in HBD all of sudden. Maybe we all feel good to convert hbd into the hive but this is not good HBD is supposed to be a stablecoin it has to maintain the peg of $1 USD. But unfortunately, it doesn't happen today. Still, it is at $1.30 still more than what was supposed to be.
What does think is a good thing or bad? in my opinion, this is not a good sign for a stablecoin.
So, most of us are very excited after the sudden pump and every single one of us wants to convert HBD to HIVE but all of us are that much lucky 😅, many are used to transferring their hbd to saving 😇. And I am one of them. You can say a long-term investment.
So let's stick to the topic. Most id us do know this already but still many new users are joining the hive and this is really a good thing if the old users can guide them.
How to concert HBD to HIVE and vice versa:
- Convert via Ecency. (instant convert)
- Convert via the internal market. (instant convert)
- Convert (via peakd or via ecency in 3 days)
Convert via Ecency:
Step1: Go to ecency website.(make sure you are logged in😅)
Step 2: Go to the wallet.
Step 3: Now you will see three options there;
- eceny points
- Hive wallet
- Engine tokens
select the hive wallet portion from here it is selected default if not you should select that option for the next step.
Step 4: you will find there four options:
- Hive.
- hive power
- HBD
- Savings
Step 5: Scroll down to the HBD option and you will find there are four options:
- Transfer
- Transfer to savings
- convert
- Trade token
If you have to covert your HBD there are two options from that list :
- Convert
Only recommended when HBD is below $1. You will get $1 of HIVE in 3.5 days.
It will take 3.5 days to convert, you can choose it if you want to wait for 3.5 days to get your HBd converted if not skip this step.
- Trade token
If you have selected this option you will be redirected to a new page that is ecency.com/market
Now you all do know what to do 😅, let me know if you need any help.
Convert via the internal market:
Step 1; Go to peaked or both have almost same options.
Step2: Go to profile and click on the wallet. this option is available on both the websites peaked and
Step 3: In the wallet page you will see the following option:
- Pending Rewards
- Hive Tokens (HIVE)
- Staked Hive Tokens - Hive Power (HP)
- Hive Backed Dollars (HBD)
- Hive Savings
Scroll down to Hive Backed Dollars (HBD) for the next step.
Step 4: On the HBD section you will see three options there used t be one more option but now it is removed from there;
- Convert to HIVE.
- Transfer to saving.
- Market
To convert HBD to hive we do have two options:
- Convert to HIVE.
WHAT TO EXPECT:
Convert each HBD into $1 USD worth of HIVE determined by the 3.5-day "median" price (using the price feeds from the Hive witnesses).
Hive will be created and delivered after 3.5 days by the Hive blockchain.
Because this is not a market there is no volume limitation or order book price impact on Hive or HBD.
It is the same steps as we have already seen in the above eceny website both do the same work. if you want to wait for 3.5 days then go for these steps if not skip this one.
- Market
If you will click on the market then you will be redirected to the
Convert (via peakd or via ecency in 3 days)
- visit to Convert via Ecency step 5 for that.😅
- visit to Convert via the internal market step 4.
I hope this was an informative post for you all(not for all sure).
If you don't want to convert HBD to hive then in my opinion starter you hBd to saving if have no idea how to do that rad this post The HBD interest and hive power
Thanks to Mr. @doze for his artwork great work.
Thanks a lot for staying till the end 😃🙏, let me know what you think?
Never forget one thing you should be grateful for because what you have someone has a dream of that. So learn to be grateful. Be Thankful. 🙏😀
Thanks a lot for being here, let me know what you think.
If you are new to the splinterlands game then feel free to join my referral 😁
My splinterlands referral
few posts from my past that might be helpful for you.
How To convert HIVE to Real Money (USD/INR) Part -1
How To convert HIVE to Real Money (USD/INR) Part -2
Why new users should use Ecency application 🧐
few important tips for new users
Are you Using Brave Browser ?
The scammer and the downvotes 🔽🔻
The HBD interest and hive power
Best ways to earn money in the hive while you sleep 💰
What To Do With Your Hive Power [HP] / Hive. 🧠
Where To Delegate Your Hive Power [HP]
Where to delegate your hive power (Part-2)
Tokens to Buy on Hive- Engine
How to earn LEO tokens without posting 🤩
Do you want to save some hive ? 🤨
Passive income tokens 💰
Best why to Invest 💰🏦
The SIP Investment 💰💹
The best use of your Hive-engine/Tribe tokens you can 💰🚀
Thanks & Regards
@bhattg
-----Together we will make this a better place-----
Yay! 🤗
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Via Tenor
This is so useful for all, thanks sir.
Aha thanks a lot for your complement 😊🙏.
Have a great day and weekend.
You too
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Via Tenor
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Increase price of HBD is really a good opportunity to convert it into Hive...
I don't know the increase in price is good or bad for stable coin... I also have some HBD in saving and I love to get 20% APR...
Thanks for sharing...
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What if this is the situation?
Today, the price of Hive is $1 per Hive so I decided to convert it in 3.5 days. Then after 3.5 days, the price is just $0.50 what price will be followed? Did I sell for $1 per Hive or $0.50 per Hive?
So the median price will be followed?
Yes think so ,so the best option will be to convert it directly 😅 from the market instant. What do you think ?
Yes that's what I'm doing. I'm curious because some people are asking me about the same question haha
Aha great but i am not sure about that you can ask, in the discord group maybe that will help.
https://discord.gg/BqzWsZP3
Okay. But it is also my understanding, the median price is what will be followed.
Thank you so much for this guide. I was only focusing on hive signer methods which I have to wait for minutes before completion. Now I have many options to swap. Thank you friend.
Thanks for sharing this guide via ListNerds! I have some HBD to convert soon!