How to save fees when trading Hive-Engine Tokens
You probably all know Hive-Engine. It's a great plaform where you can buy and sell Hive-Engine tokens. The great thing of this platform is that it's free to trade. There are no transaction costs when you buy or sell tokens on the market.
The only fees on Hive-Engine are deposit / withdrawal fees
The only fees that you will encounter on Hive-Engine are fees when you deposit or withdraw Hive. The costs are 1% for deposits and 1% for withdrawals.
Save 75% of these fees
I've stumbled upon a way to save 75% of these fees. I do that simply by using another front end. When you use LeoDex, you get access to the same hive-engine market. But when you deposit over LeoDex you will only pay 0.25% and only 0.25% when you withdraw your Hive. You can save 75% of the fees simply by using Leodex instead of Hive-Engine. Whatever you deposit on LeoDex will be available on Hive-Engine as well.
If you are dealing a lot with Hive-Engine tokens or if you have bigger amounts to transfer to and from the market, I believe that using LeoDex will allow you to save a lot of costs.
Example
You want to trade with 1000 Hive:
| Front End | Costs at Deposit | Costs at Withdrawal | Total Fees |
|---|---|---|---|
| Hive-Engine | 10 | 10 | 20 |
| LeoDex | 2.5 | 2.5 | 5 |
For this example you would save 15 Hive just by using LeoDex !
Let's connect on Hive, Lbry or on Publish0x
My free e-mail course: The 100'000 satoshis a week strategy
Your current Rank (63) in the battle Arena of Holybread has granted you an Upvote of 100%
nice post, thanks for the tip.
Will use it for my next transaction.
Thanks a lot for your feed-back. It can be quite useful I believe.
That is way cool Achim! I was not aware of this but now this will help in the future. :)
Thanks for this helpful tip! LeoDex is awesome, too :)
Thanks a lot for stopping by. I believe it can save us some costs and I agree, LeoDex is very userfriendly and interesting to use. Especially when you are trading it allows to cancell several orders at once which is not possible with hive-engine.
Oh! That I did not know either. I will have to look into trading more. I am pretty much over the fiat stock market so looking to perhaps get into light crypto trading. :) LeoDex will definitely the platform to check out :) 💚
I've sold all my fiat stocks in april and feel happy about that :-). Trading with crypto has one huge advantage... You don't have to pay trading fees. It makes things much more lucrative. I'm start to trade a bit more actively on LeoDex as well
This WASN'T possible on H-E, but now it is... I have discovered it a few days ago :)
Great tip, Achim! I have used that method twice, and it works great...
Just a short notice, if you are doing a withdrawal, check out the liquidity of that LEO account.. just in case... (I think that it shows that notice before the withdrawal)
Made in Canva
@thisisawesome Moderator
This is Awesome Content, and it will be manually curated with an upvote of 65% from @thisisawesome (will be done today), and it will also be included in our Awesome Daily Curation report in category Awesome CTP Curation for more visibility.
The goal of this project is to "highlight Awesome Content, and growing the Hive ecosystem and the CTPtalk tribe by rewarding it".
Source
That's a good point, so far I only withdrew small amounts and I didn't check the liquidity. It might be a good idea if we want to withdraw a bigger amount of Hive.
Great tip. Thanks for sharing it. I was not aware of it. I will be using it the next time I want to transfer some HIVE.
If you do a lot of transactions over time this can make quite big a difference.
Thanks a lot for your comment!
Wow this is valuable info! I should check it out!! 😁😁
Posted using Dapplr
Thanks for the feed-back Rose!
Great, now we can save a whole lot of hive this is awsome.
Thanks for sharing.
You are welcome :-)
As always you are a genius toasting us the best tips and advice All your information is worth pure gold, I am happy to follow your content and read your blog, thank you very much! 😍
Thanks a lot for your kind words my friend :-)
What a great idea we can simply use Leodex for exchanging ... Impressive @achim03 :)
Thanks a lot for your feed-back!
This is a great tip, I did not know that. This will save a lot of Hive, thanks for the information.
It's a little trick that can save us quite big in the long term. Thanks a lot for stopping by!
Great tip, voted and reblogged. Thank you!
Thanks a lot for your comment and the reblog! I appreciate!
This is very useful information! I am switching to Leo DEX!
Posted using Dapplr
It's definitely worth switching :-). Thanks a lot for your comment!
That's why I use LeoDex to deposit and withdraw. You will pay way less fee than hive engine.
Exactly. I also believe that leodex is almost more userfriendly than hive-engine.
Thanks for your comment!