The Long Process in Buying $HIVE

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(Edited)

I just bought 2,000.00 PHP worth of $HIVE an hour ago. Transak still doesn't work. Just like what @gadrian mentioned, I think the difficulty has something to do with the minimum amount required to use the Transak platform.

Since this is the case, I have no other choice but return to my old way in buying $HIVE. How I wish someone out there can provide a better alternative that is cheaper, simpler and faster.

In my two and a half years of journey here on Hive, I used Binance I think for the first six months; MEXC for almost a year, and Transak for close to nine or ten months. Though the transaction fee is cheaper in the first two platforms, I still prefer Transak because its faster and the procedure is easy to follow. Unlike the first two platforms, if there is no one that will guide you, I think you will be discouraged to buy $HIVE. The process is too intricate for me and it involves so many steps. Of course, the young like my second son, the process appears to be second nature to him. He doesn't write any note and he would just simply click here and there. I can't do that and that's why I keep a record of all the three major steps and other sub-steps in buying $HIVE.

Twelve days ago, I shared the shorter route in buying HIVE in this article. This time I just want to share the long process in buying $HIVE.

From GCash to coins.ph

The first major step is to transfer money from GCash to coins.ph. To do this, you need to load your GCash wallet with the amount of fiat money you want to invest.

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Once you are in your wallet, just press "transfer" and "view all". On the search bar, you type coins.ph. In transferring the amount you want to use to buy $HIVE, type the coins.ph Account Name and Account Number. Of course, doing this step assumes that you already have a prior coins.ph account. Accessing your account requires a Pin number.

The next sub-step is to click the "Send Money" tab and "Confirm". Enter the authentication code and press "Submit" and that's it. You will receive a confirmation from coins.ph in your email.

Coins.ph

Open your coins.ph account by entering your PIN. Press the "Buy/Sell" tab and select next the "Buy Crypto" tab. Select XRP.

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Click "Max" or the exact amount you want to use. Click the "Purchase" tab and check "Confirm Purchase".

Once you bought XRP, the net step is to transfer your XRP to MEXC. Click "Transfer" tab and then next the "Send Crypto" tab. Click XRP/Ripple and "Send to external wallet." Click "Max," input XRP address and "Destination Tag."

To find XRP address and the destination tag, You have to open your MEXC account. Point the cursor to "Wallets" tab and click "Spot." Once you see the "Assets List," look for XRP and click "Deposit." Check and confirm "I am aware of the above risks." Once you do that, you can see the XRP address and the Memo/Tag, which is also the Destination Tag.

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MEXC

Open your MEXC account by entering Google Authenticator Code. Go to Spot Market and type XRP/USDT on the Search bar. Once you sold XRP, type HIVE/USDT and buy Hive.

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Return to "Wallet" again and go to "Spot". Click "Withdraw," select "HIVE," and type your Hive wallet address. Check "No Memo tag." Check "Select All" to withdraw HIVE. Click "Submit" and click "Get Code." You have to enter two codes: MEXC and Google Authenticator Codes. Click "Submit" and you will see a "Track Status" page. Wait for a few minutes until you see your HIVE on your wallet.

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That's the long process I do in buying $HIVE for two months since I returned to MEXC. I just copy this process based on the instruction of my son. Sorry that I was not able to capture all the necessary images involved in the steps I mentioned for I decided to write this article only after I completed the transaction. If you have an easier route to buy $HIVE, please share.

Thanks for your time!



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35 comments
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maybe easier u find someone to do p2p. thats probably the fastest

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Yeah, thank you, you're right. I have to communicate with a few Hivians who want to dispose of their $HIVE.

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ya there are a lot from PH that want to sell. i dont think it should be too difficult. i also think its good since it wont make hive price go down :P since its off the market trading

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Thanks for your insight. I think @ifarmgirl would be willing to sell her $HIVE a few months from now. 😂

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no problem. thats great u got some hive now in a few months

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Nyahaha! Let's see if I get to do that😅 Let's hope HIVE gets listed on CoinsPH so it would be a lot easier for you 😉

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Yeah, I think that's easier. I wonder what would it take for HIVE to get listed on coinsph.

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I'm wondering the same thing. Let's hope the consider.

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I am now reminded that one time I think the DBuzz team discussed this with the coins.ph team.

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Yes. There was a post about it. So hopefully, we are going to see it get listed within the year.

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The the consider on your comment is so confusing. 🤯😆

Anyway, I wonder when HIVE could get traded with coins/tokens on other blockchains using decentralized exchanges. 😎😏

Have some !LOLZ with !LUV! 😁

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Hahaha, my bad. I think they are still deliberating, lol!

Besides the bHBD and bHIVE on CubFinance, I don't know of any other way. Hope the plan of Khal to have it on Thorchain will come sooner.

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I wonder if #CubFinance (https://cubdefi.com/) is really decentralized. 🤔🤯😅 !PGM

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO - 0.005 SCRAP - 0.001 INK tokens

remaining commands 1

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


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(Edited)

Buying HIVE directly from friends makes the transaction totally feeless, and won't count towards the any transaction limit (applied daily, weekly, monthly, and/or yearly) of whatever custodial wallet would have been used. 🤓😏

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Sent 0.1 PGM - 0.1 LVL- 1 STARBITS - 0.05 DEC - 1 SBT - 0.1 THG - 0.000001 SQM - 0.1 BUDS - 0.01 WOO - 0.005 SCRAP - 0.001 INK tokens

remaining commands 0

BUY AND STAKE THE PGM TO SEND A LOT OF TOKENS!

The tokens that the command sends are: 0.1 PGM-0.1 LVL-0.1 THGAMING-0.05 DEC-15 SBT-1 STARBITS-[0.00000001 BTC (SWAP.BTC) only if you have 2500 PGM in stake or more ]

5000 PGM IN STAKE = 2x rewards!

image.png
Discord image.png

Support the curation account @ pgm-curator with a delegation 10 HP - 50 HP - 100 HP - 500 HP - 1000 HP

Get potential votes from @ pgm-curator by paying in PGM, here is a guide

I'm a bot, if you want a hand ask @ zottone444


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Yep. Hope he finds someone whom he could do P2P with.

!LUV !LADY

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Although if the person who sells HIVE to him happens to be one of his close friends, he might end up gifting his HIVE instead. 😆😅

!WEED !HUG

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Why have you stopped the Binance route? Because of KYC? Anyway, I haven't moved any funds to crypto in a long time. I'm pretty sure I'd find some of the old ways not working anymore. I'm more interested to still have a crypto->fiat route available to be able to use some of the profits in the real world when the time comes.

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Once I reach my Hive goals, that's the time I will try the route to crypto->fiat. I stopped using Binance when my son told me that the platform was asking for facial verification.

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Did you encounter problems with transak when buying hive? I recently bought hive about 1.5 hours ago but still not reflecting on my account. Thank you.

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I used transak for more than a year and all transactions went smoothly. I encountered difficulty just 3 months ago. I suspect it has something to do with KYC.

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It is already resolved. Thank you for the response. Have a great day!

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