HBD to Fiat | Making Use of CubDefi.com

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Hi, you may have noticed that Binance has suspended Hive transactions on it's platform so you may find it difficult cashing out your Hive for Fiat through Binance.

But I think that's not difficult anymore. Thanks to @khaleelkazi and his team for introducing platforms like Cubdefi.com and Polycub.com through which you can swap your Hive or HBD to BUSD and a few other tokens, transfer it to Binance and cash it out.

How to Convert HBD to BUSD

Team @leofinance has created these different which are helping to bridge Leo, Hive, HBD, SPS to Ethereum, BNB Smart Chain and Polygon.

I needed to bridge HBD to BNB Smart Chain, so I have to open bHBD.

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Website: https://wleo.io

Clicking bHBD you will be directed to https://wleo.io/hbd-bsc. Here is how the page looks like.

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All you need to open your Metamask or Trustwallet and copy your BNB Smart Chain wallet address and paste it in the Receiving BSC address, feed the amount of HBD and click Transfer.

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Open Cubdefi.com connect your wallet, click Trade and then Exchange.

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You will be directed to https://pancakeswap.finance/swap. Click on Trade and then Swap.

Swap bHBD with BUSD by selecting it.

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Some fee will be deducted.

Now, you have successfully swapped bHBD to BUSD. If you don't have BUSD in your Metamast, you can search BUSD on Coinmarketcap.com and add it to Metamask.

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Click Add Token.

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Go to Metamask and transfer BUSD to Binance.

From Binance you can then withdraw BUSD by clicking Wallet, opening Fiat and Spot and clicking Withdraw.

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Select Withdraw Fiat on the upper right side of your window.

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Select your currency click Continue.

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You need to provide your bank account details then to proceed with the transaction.

There is fee involved, so do look at the fee before going into transaction.

Note: In order to understand the process and stay safe, try the process with a little sum first.

Don't Have a Binance Account?

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Posted Using LeoFinance Beta



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12 comments
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It is really cool to have many ways to swap our crypto on this Hive ecosystem. Despite Binance seems to have blocked the token because of the HF26.

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I hadn't thought withdrawals will be suspended for this long though ain't a problem instead a Good thing for our Ecosystem.. it's really making volume in Cub so Good!

Even tho it's more cheap way to Get fiat through that!

Awesome and easy explanation.

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Whaoo.. This is a very nice explanation but the process is so long. With all the registration. Isn't there a way one can just convert hive to USDT on any of the frontend

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Great and easy tutorial for moving HBD to fiat! I'm doing something similar but on Polycub...
Thanks for sharing and educating others!


I have picked this post on behalf of the @OurPick project which will be highlighted in the next post!

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Cool tutorials for using the CubDefi in order to exchange HBD for Fiat in multiple steps. In the same way, but reversed, someone could use Binance to buy a token, move it to BSC, exchange it for bHive or bHBD and withdraw it from there. For example, I would like to buy some GLS packs but I am lacking Hive funds to do so as Binance maintenance is still ongoing.

Posted Using LeoFinance Beta

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