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RE: Buy Hive Dollars with Binance Dollars At Par!

in #hbd3 years ago

How are you sending money to Coinbase? Do they have a Hungarian bank account or are you using some kind of international transfer system?

Technically it is international transfer. Both with withdrawing funds, and also with depositing funds. Nowadays financially I cannot afford the latter. My bank exchange the Euro to HUF in case of withdrawing funds. This has a certain transaction fee, but other than that it works properly.

I have to go through a two step process to get Hive.

Nowadays financially I cannot afford it, but this would be the same for me too, because Coinbase currently do not support Hive.

The one with the lowest spread is BTC. I have been using LTC because I'm worried about fees and you cannot even control what fee to try with centralized exchanges.

I also use Litecoin (LTC), when I sell Hive or Hive Dollars (HBD). I use it (and other cryptocurrencies too) to avoid the high transaction fee of the Bitcoin (BTC).

I use Blocktrades to sell Hive and Hive Dollars (HBD) to other cryptocurrencies.

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I think you have access to other cryptocurrency exchanges you don't know about. I mostly look for options available in my own country as it cuts down on fees. I make sure not to keep money there for long periods of time longer than a day or two and when first trading I trade with small amounts in order to lower the risk of some surprises I may get. You may want to stick with Coinbase, and that should work out for you if your government stays on their good side. 😁

It's too bad you cannot get cryptocurrency directly from someone in Hungary.

You may want to stick with Coinbase, and that should work out for you if your government stays on their good side. 😁

If this is their good side, then I do not even want to know their bad side. But I hope for the best. Fortunately/luckily nowadays at least Coinbase is working properly. I am looking for a solution to avoid having to pay the high rent and the also high regular monthly bills from the next winter, and cryptocurrency is helping a lot in this, so hopefully it will continue to work in the future too.