How to Buy Hive Dollar (HBD)

A Step-by-Step-Guide on how to buy Hive Dollar (HBD)

Step 1 – Signup to Kraken

In the beginning you'll need to buy units of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Follow the Link below for registration and getting Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader

Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is alike. Hive Dollar (HBD) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual)

Make sure you have selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow these easy steps).

Step 3 – Locate Hive Dollar (HBD)

Once your deposit has been approved, you will directly have access to your assets and you can commence invest and trading. To buy Hive Dollar (HBD) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”.

To find Hive Dollar (HBD), you will need to insert the short name of the asset (HBD) into the search box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this also. Click on “HBD/BTC” to continue.

Binance Hot To Buy Hive Dollar (HBD)
Binance How to Buy (HBD) Hive Dollar
Step 4 – Buy Hive Dollar (HBD)

As soon as you've located Hive Dollar (HBD), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the picture). For now we're going to create our own Limit Order.

The ”Price” field will be automatically filled with the most recent price Hive Dollar (HBD) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of HBD you wish to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the whole volumen of HBD.

When you are happy, make a mouse click on “Buy HBD”. Your plan will be filled when a Vender trades their HBD for the price you offered.

Step 5 – Withdraw Hive Dollar (HBD)

Unless you are frequently trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an extended time frame. To withdraw your Hive Dollar (HBD), hover over the ”Funds” tab and click on “Withdraw”. Hive Dollar (HBD) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Hive Dollar (HBD) by using the given drop-down box. Enter the amount of Hive Dollar (HBD) you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address.

When you are happy, click on “Submit”. You could be requested for phone/email verification before a withdrawal.

Binance Withdraw

Kudos! You have successfully purchased and stored Hive Dollar (HBD).

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the (HBD) Hive Dollar is safe within your wallet, you're all done.
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