How to Convert HIVE to Dollars without a Centralized Exchange

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to spend or not to spend...

There's a lot of reasons you might want to spend some of your hard earned HIVE or HBD. There's really only a few options as far as exchanges to convert straight to cash. If you're in the US, Bittrex is your only choice and the HIVE/HBD wallets are disabled like 60% of the time. So for the past week, I haven't been able to move anything through Bittrex. Fuck it, I hate central exchanges anyway. Here's how I do it without an exchange.

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In order to do this, you'll either need Bitpay card or a Coinbase card. I have both - I prefer the Bitpay card for a few different reasons. Mainly because it seems to work literally anywhere. I have issues with the Coinbase card sometimes. To get a Bitpay card, go HERE...

Ok, so first - you need to convert your HIVE or HBD to SWAP.BTC, SWAP.DOGE, or SWAP.BCH. I usually use SWAP.BCH but lately there has not been much volume and you send up paying a premium. I have been using SWAP.DOGE. Move your HBD or HIVE to Hive Engine or LeoDEX. Swap it for SWAP.DOGE.

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Once you have your SWAP.DOGE, click withdraw and select Dogecoin. Enter the amount and your DOGE address from the Bitpay app. Sign with Hive Keychain

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After a few minutes, your Dogecoin will appear in the Bitpay card.

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Now we need to click Card and Add Funds.

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Once you click Add Funds, enter the dollar amount. Note: DOGE fees are gunna be like 60 cents. Then slide the Doge slider lol.

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Boom. you now have money to spend and never touched a centralized exchange. Bitpay and Hive Engine to the rescue!

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It's so easy literally anyone could do it. Have fun you degens. Fuck the system.

peace.

Posted Using LeoFinance Beta



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8 comments
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Yikes … that’s a lot of steps. I just send all my Hive to Ionomy , convert to Bitcoin or Litecoin and Cash out ... Every few hours …. Easy peasy.

https://exchange.ionomy.com/en/aff/f7862c1aeae8e0399176a908fcecbcfe

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Posted via proofofbrain.io

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(Edited)

Oh shit! I hope it's available in US. Can you sell to your bank account our how does that work?

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I send Hive to Ionomy.com convert to Bitcoin and then you can send anywhere to cash out. Coinbase, PayPal etc etc ….

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I see. I don't like using centralized exchanges

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I was loving the idea and the much lower costs until I got

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BUMMER

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I understand not wanting to use a centralized exchange but then why use a card that uses a centralized bank? Isn't that worse? When I read the fine print beneath all of the card features I was saddened by this: "This card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International."

Either way thanks for your little tutorial. I've been wondering best ways to cash out a little here or there and haven't yet. Part of me thinks gift cards seem like an alright way to do it if it's for a specific place I tend to use but for international travel I'd still be curious what most do.

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