How to Buy Hive (HIVE) Coin
What is Hive (HIVE) Coin
Hive is a decentralized information sharing network with an accompanying blockchain-based financial ledger built on the Delegated Proof of Stake (DPoS) protocol. Hive supports many different types of information sharing applications. Myriad dapps, APIs and front-ends contribute to a general and straightforward accessibility of data, transactions and records, so that this existing diversity and utility ensure that the ecosystem is welcoming to content creators, consumers, investors and builders.
Hive is developed to store vast amounts of content and to make it available for time-based monetization. Examples of use include social media with monetized rewards for content producers, interactive games, identity management, polling systems, and micro-loans. The performance of the blockchain is designed to scale with widespread adoption of the currency and platforms in mind. By combining the lightning fast processing times and fee-less transactions, Hive is positioned to become one of the leading blockchain technologies used by people around the world.
- Hive is a decentralized content network, powered by Delegated-Proof-of-Stake (DPoS) consensus algorithm.
- Hive was forked from the Steem blockchain, after the Tron Foundation acquired Steem and gained control of the company’s funds in STEEM, which made up approximately 80% of the total STEEM supply. The fork is aimed to cope with the risks of centralization brought by this acquisition, as pro-Tron STEEM addresses were blacklisted and would not receive the HIVE token airdrop.
- The Decentralized Hive Fund (“DHF”) allows users to suggest proposals, fund those proposals, and cast a vote for their preferred changes. The Fund is set up so that no single actor can have control over major changes.
- The Hive platform offers many functionalities similar to those of Steem. The platform has two tokens: Hive (HIVE) and Hive-backed dollars (HBD). HIVE is used for unlocking a variety of different functionalities the platform offers, which HBD is used mainly as a method for rewards.
How To Buy Hive (HIVE) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Hive coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Hive coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Hive (HIVE) Coin
Hive (HIVE) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.