How To convert HIVE to Real Money (USD/INR) Part -2

in LeoFinance2 months ago

Hello dear friends I am back here with the new post that is about how to convert Hive to real money/ Currency.

I have made the part 1st few days ago have a look if you did read that feel free to visit and let me know if you need any help.
How To convert HIVE to Real Money (USD/INR) Part -1 .
In the last part we have send our hive to the the Binance , Now in this this part we will learn how to sell Hive and transfer that to your own currency.


hive convert .png


Step 5:

If the 4 steps are complete you are good to good for the next step it takes sure some time to reflect your HIVE in your Binance wallet.

now you can see the option trade on the top of the menu.select
trade > Classic

there are others options to but I haven't used other option and I really like this option and also prefer you to use this option.

you can see the option in the below screenshot.


screenshot_961_.png


Step 6:

If You have click on the classic option then you will see this option.
you have to enter Hive on the right corner of the page you will see two option there.

  • HIVE/ USDT
  • HIVE/ BTC

I prefer HIVE/USDT option and you should try that too BTC have more Gas fee and to buy and sell while USDT fee is like nothing as compared to that as I have noticed let me know if there is anything else we can do.


screenshot_993_.png


screenshot_971_.png

Now you can see your balance in the Sell section of the website I have all ready place the order, you can select the rates as per your expectations.
if you think it will go more then the current price then set your sell order to that and leave the rest. You will get a notification if your order is placed

screenshot_971_li.jpg


Step 7:

If you order is placed is you can see that in My Trades option, you can see your all history there to see what you have sell or buy.

After that you have to select other option to open the other window to see your balance.

click on Wallet > overview option
you can see that in the below screenshot.


screenshot_994_.png


after that you will see another window, there you will see your all the balance of all the cryptocurrency you HOLD in your wallet.


screenshot_973_.png


Step 8:

If have on the step 7 the you are good to go for the step 8, where you can transfer that to your Wazirx account, You can Transfer that to your bank by converting it to your account but I prefer Wazirx, more then that.

you can see there is option of Wazirx on the left side of the menu


screenshot_995_.png


This option will help you transfer you USDT from Binance wallet to Wazirx, both the exchange are link so it good to do that if this is your first time then you should first connect your Binance Account to Wazirx Account.

if haven't done that yet read This Article this will help you to setup all the things.

If have done that thing then we are good to go further. when you click on the 9wazirx option then another window will open and you have select the crypto you wish to transfer to wazirx. In my case I will select USDT and that is the best option I guess with very very low fee.


screenshot_974_.png


Select USDT from the menu and transfer it to your wazirx wallet.


screenshot_976_.png


I have selected all my USDT amount to transfer to my wazirx account and that is ready to transfer from my Binance to the Wazirx in a single click.

Step 9:

This is really very important process so be careful and I highly recommend this one , please use the 2 factor authentication tools for to be more secure .


screenshot_977_.png


I have used all the three

  • Google Authentication app.
  • Link Mobile
  • Link an Email.

That will useful in case if you lost any of them.


screenshot_978_.png


If you see this message then you are good to go and check your Wazirx account and you will sure receive the amount you have transferred.

Step 10:

Open your Wazirx account ,
Funds > Transfer History
then you will see this.


screenshot_979_.png


You can see I have got my all the funds, and there is no fee this is really great thing no fees.

you see your all the tokens/ Cryptocurrency in Funds section


screenshot_980_li.jpg


Step 11:

Sell you USDT to INR in the Wazirx account, you can see the amount. and from there you can sell your USDT to INR and this will the last thing you have to sell here.


Screenshot (981).png


You see your complete order of buying and selling of the USDT and you can see your INR after selling the USDT.


Screenshot (982).png


Step 12:

Now go the funds option and you will see the option there of INR you have to click on the withdraw option there and you see the option to withdraw here currently there are two option available currently.
there were more options months ago but currently they are not available but sure they will available soon.


Screenshot (983).png


there will be only a little fees on this process and that is nothing as compared that you have earn that far.


Screenshot (985).png


you have to enter the OTP of the linked account to your exchange,


Screenshot (986).png


you get a conformation of that after all the process is complete.

Screenshot (987).png

confirm the email and that will be the end of all the things.


you can see the withdraw process in the Transfer History and it rarely took minutes to credit to your bank account.

Screenshot (988).png


image source

I hope this post will be informative for you.

all my friends who asked me made this post I hope they all will know what they want know.

all the other images are screenshots from binace and wazirx websites.

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Thanks & Regards
@bhattg
-----Together we will make this a better place-----

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Thanks a lot for your support and encouragement

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BhattG this is really a great post and helpfull for who are new and didn't know

thanks a lot guru g, Thanks for the encouragement and support

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Wow, you have made a quality post which is really very useful to all. Thanks a lot.

thanks a lot didi for being here, Just trying to help the new user here, I don't want to suffer as I did in my early day.

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Well explained!

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Thanks a lot sir for your support and encouragement

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A useful share, a detailed guide.🤗

thanks a lot for your support and encouragement

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Oh man so many steps to convert hive to INR ? that's for posting this in detail. If I ever decide to Cash out hive, will come back to this post

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yes indeed amar brother, there are many. when I was in the mid of the post I thought that I should make a video of this. But that would also take time indeed 😁
Thanks a lot for your support and encouragement.

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Lol definitely , video would have been better but this is fine too . It is clear :)
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Thanks a lot for the encouragement really ,means a lot to me.

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Does India has localbitcoins service? What I did most of the time I convert HIVE to BTC through blocktrades, then I sell at localbitcoins.

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sorry I have no idea about that , there is option for BTC too but the fees is high in BTC so I prefer hive to USDT I will try next time with blocktrades.

Thanks for the feedback

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You are right, in this moment fees are crazy.

That's why i prefer , USDT it has the fees that we can ignore.

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Nice

Thanks a lot brother 🙏😀

Welcome bro

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WoW
It's a much needed Post for me
I was curious and searching it for everywhere

Thank You ❤️😊

Thanks a lot sir, for your support and encouragement. I have made this post to help all the new users. I would me my pleasure if this post is helpful for you