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RE: How Would You Go About Purchasing Hive From Your Location?

in Ask the Hive2 years ago (edited)

Ok, here's what I do. I'm fairly sure this is not a good way to do it, but it's easy so that's why.

I use Uphold. I know they do KYC and I'm not a fan of that, but again...easy. Brave BAT payments go to Uphold so that's what got me started with them. I usually instantly trade my BAT to BTC.

Anyway, when I want to get some Hive I deposit Fiat to Uphold. It's a 3-day transfer from my US bank but Uphold credits the account instantly. I then use that to buy Doge, then I transfer that directly to Hive Engine and sell it for Hive.

I'm sure that's a bad way to do it with the fees taking at least a few bucks out of it, so feel free to laugh at me, buddy, but... well... it's my way! Haha

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I suspect ltc fees might be cheaper than doge these days. I used to use doge to move funds, but stopped when they left the 27 to 30 sat range...

You might be right. I usually default to doge but when I do have more time, I'll try to figure out which coin has the lowest fee. Dash/ltc/doge seem to usually be the cheap ones.

Yeah, I actually hated it when 20 doge started to matter 😂 Especially since I didn't hold it, just used it for transfers 🤣

!PIZZA