Now users can convert their liquid HIVE to STEEM or vice versa as shown in this tutorial.
d-tube video here
All summed up in a quick 2-minute video (no voice over sorry) tutorial using SteemLeo DEX & dCity's experimental BeeSwap interface.
Bear in mind you'll need to take into consideration the total 1% fee. That is 0.5% for depositing STEEM and 0.5% for withdrawing HIVE into wallet.
Here is a list of the second marks of action I performed.
- 0.15 - I send 10.000 STEEM
- 0.23 - Authorize Steemconnect using my private active key.
- 0.43 - Checking my balance with SteemLeo Dex as balance now 9.94999 STEEMP. (minus the 0.5% deposit fee imposed)
- 1.01 - Manual exchange spot buy 6.68 HIVEP at rate of 1.489 STEEMP per HIVEP.
- 1.18 - Checking balance with BeeSwap
- 1.23 - Commence withdrawal 1.00 HIVEP to my HIVE wallet.
- 1.32 - Authorize Steemconnect using my private active key again.
- 1.46 - verifying transaction with steemd.com
- 1.54 - Checking balance in wallet 1.247 HIVE = 0.995* + 0.252
d-tube video here
Please take note, exchange is still manual.
This means you can queue a bid and wait for a lower exchange rate to strike.
This certainly can work both ways from HIVE to STEEM or STEEM to HIVE.
However, the weakness in this approach is, still far too many steps (total 6 to 7 clicks) for my grandmother to use, but is a start. Good luck.
p/s: this is frustrating, can't I just embed the video? Here is the d-tube video here