There are many established cryptocurrencies today, crypto companies such as Bitcoin, Ethereum, and Ripple. They are one of the most notable figures in the cryptocurrency. However, there are still many cryptocurrencies, such as Hive gaining steam and popularity over the years. If you plan on investing in Hive cryptocurrency, you must learn how to buy Hive cryptocurrency first.
Hive cryptocurrency is a little bit newer than crypto-giants, and this up-and-coming cryptocurrency is quite intriguing. And because they are new to the world of crypto, it might be appealing for them to be invested in. So, if you want to learn the ways and means on how to buy Hive cryptocurrency, read further down below for some important details and information.
What Is Hive Cryptocurrency?
How to Buy Hive Cryptocurrency Using Bitcoin in Binance
One of the easiest ways to learn how to buy hive cryptocurrency is to signup for Binance. And that is because it is not possible to buy Hive directly. However, you can buy Bitcoin with your cash, credit, or debit card and convert that bitcoin into Hive, or you can transfer your bitcoin to your Binance account and convert it to Hive cryptocurrency.
If you want to learn the steps on how to buy Hive cryptocurrency, here are the simple steps:
Sign up on Binance. Place your primary email address and provide a strong personal password. Always take the security options seriously and provide every personal detail about you honestly.
Once you’re done signing up, the next thing you will do is accessing your email address, as Binance will send you a verification code through your email.
When your account is now verified, you still cannot use its features. And that is because Binance requires you to put in additional security and verify your identity. One of the security features is providing proof of ID such as license, and Binance also asks you to provide a two-way factor authentication.
From then on, follow what is asked of you. Binance will always ask for additional information like photos, proof of ID, address, and a lot more. Provide everything that is asked of you.
Now that you are verified and your account is already secured, the next step is buying Bitcoin from Binance. On the Binance interface, look for “Buy Crypto” and “Credit/Debit,” you will then be redirected to another page.
Once you are on the next page, Binance requires you to fill up and select your desired currency. After that, enter the amount you are willing to spend and select Bitcoin from the cryptocurrencies list from the drop-down menu. When bitcoin is selected, click “Buy Bitcoin.”
When you already have your purchased Bitcoin under your Binance wallet, converting Bitcoin into Hive cryptocurrency is the next thing. There are two buys how you can buy a hive, a limit order, and a market buy.
A limit order is when you buy Hive on a limit order; you manually set the price depending on the amount you want to buy. You put the amount of Bitcoin you are willing to spend to be converted into Hive. To do this:
- In the Binance interface, go for the exchange section and look for limit.
- Input the amount of Bitcoin you are willing to spend for Hive crypto.
- And in the amount section, set the amount of Hive you are willing to buy
- Once all is set, you will be prompted with the total amount of Bitcoin you will spend for the Hive.
- Whereas Market buy fills your desired order with the best available price. Out of the two, buying in limit order is more convenient and simple to use than market buys.
- If you want a market buy, go for the exchange section and look for the market.
- There is a box marked as ‘amount’; what you will put on the box is the amount of Hive you are trying to buy. Once you are good with the amount you dropped, it will then be good to go.
- It may be a lot easier for you to use the percentage option. For example, if you want 50% of your bitcoin exchanged, they will do the math for you with its accompanying Hive amount. Congrats! That’s how to buy Hive cryptocurrency using the Binance Exchange method.
Tip: When you want to buy Bitcoin, but it is on a different wallet, go for the Deposit section on the webpage of Binance. From there, everything is easy and straightforward.
Hive cryptocurrency is still in its infancy stage when you compare it to other Crypto giants. Still, this company shows a slot of promise and might be a viable option in the future. Learning how to buy hive cryptocurrency is a quite easy and straightforward thing to do.
Directly buying Hive is still not an option today. However, you can buy a Hive with the use of bitcoin and have it converted easily. Always follow the steps above if you plan on buying one in the future. Discover more about cryptocurrencies here!