What are the formal channels for purchasing HIVE coins?

Through official HIVE wallet providers such as Hive Keychain and PeakD, individuals can effortlessly purchase HIVE coins using their preferred payment methods.

Dec 13, 2024 at 06:58 pm

What are the formal channels for purchasing HIVE coins?

HIVE coins can be purchased through various formal channels, including cryptocurrency exchanges, peer-to-peer marketplaces, and official HIVE wallet providers. Here are the key steps involved in purchasing HIVE coins through each channel:

1. Cryptocurrency Exchanges:

Binance

• Create an account on Binance and complete the KYC (Know Your Customer) process.
• Fund your account with a supported fiat currency or cryptocurrency.
• Navigate to the "Spot" trading section and search for the HIVE/USDT or HIVE/BTC trading pair.
• Place a buy order for HIVE, specifying the amount and price you are willing to pay.
• Once your order is filled, the HIVE coins will be credited to your Binance wallet.

Huobi

• Register for an account on Huobi and verify your identity.
• Deposit funds into your account using a supported payment method.
• Visit the "Spot" market and find the HIVE/USDT or HIVE/BTC trading pair.
• Enter the amount of HIVE you want to purchase and the price you are willing to pay.
• Confirm your order and the HIVE coins will be transferred to your Huobi wallet.

2. Peer-to-Peer Marketplaces:

Bisq

• Download and install the Bisq software on your computer.
• Create a Bisq account and secure it with a strong password.
• Fund your Bisq wallet with a supported cryptocurrency.
• Place a buy order for HIVE, specifying the amount and price you are offering.
• Connect with a seller who is willing to sell HIVE at your price.
• Finalize the transaction and transfer the funds and HIVE coins securely.

LocalBitcoins

• Create an account on LocalBitcoins and undergo the verification process.
• Select "Buy" and search for HIVE listings in your local area or online.
• Choose a seller with good feedback and a competitive price.
• Contact the seller to arrange a meeting or online transaction.
• Complete the trade and receive the HIVE coins in your LocalBitcoins wallet.

3. Official HIVE Wallet Providers:

Hive Keychain

• Download and install the Hive Keychain extension or mobile app.
• Create a new Hive account or import an existing one.
• Click on the "Buy HIVE" button and select a fiat currency or cryptocurrency to purchase.
• Enter the amount of HIVE you want to buy and follow the payment instructions provided.
• The HIVE coins will be deposited into your Hive account.

PeakD

• Create an account on PeakD and connect it to your Hive wallet.
• Click on the "Buy HIVE" button in the top right corner.
• Select your preferred payment method and enter the amount of HIVE you want to purchase.
• Finalize the payment and the HIVE coins will be credited to your wallet.

4. Other Options:

Over-the-Counter (OTC) Trading

• OTC trading involves purchasing HIVE coins directly from a large-scale broker or individual outside of a formal exchange.
• This method requires establishing a relationship with a reputable OTC provider who can facilitate the transaction.
• OTC trades typically involve larger volumes of HIVE coins and may offer customized pricing and settlement terms.

Debit/Credit Card Purchases

• Some cryptocurrency exchanges and payment providers allow users to purchase HIVE coins directly with a debit or credit card.
• This method is convenient but often carries higher fees and may have limits on transaction amounts.