How to trade HIVE
How to trade HIVE

How to trade HIVE

By Michael Selge | 7b crypto broker app | 27 Jul 2021


The Hive blockchain is a global platform on which any social projects can be hosted, from ordinary social networks to video hosting sites with a unique opportunity to directly monetize the created content.

What is Hive? 

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Hive is an open source decentralized blockchain for Web3. The blockchain was born in March 2020. The platform provides a scalable blockchain protocol for creating publicly accessible and immutable content, as well as a fast and commission-free digital token (HIVE) that allows people to earn cryptocurrency using their intellectual abilities. In this case, we are talking about the unique content being created, which can naturally be created only thanks to some unique knowledge or talents. The developers call it “Proof-of-Brain” – proof of intelligence. The two main components of this protocol are the blockchain itself and the native token of the system. They depend on each other to ensure the security, immutability and durability of the system and are therefore an integral part of each other’s existence.

Among the main distinctive features of the project are:

  • The complete absence of censorship, which has now overwhelmed almost all popular resources.
  • The second feature is in the participants themselves. Users are divided into two categories: those who earn money, and those who just watch the work. In fact, you can easily move from one category to another. To do this, you need to become an active member of the network and publish ‘posts’ (parent posts) or comments (child posts). That’s just the standard posts will not bring any profit. The content must be unique and interesting in order to be voted for.
  • There is no spam, mailings, or even bots distributing advertising on the platform. But at the same time, the project manages to attract new customers and improve the quality of the content offered.
  • There are no commission fees for transactions in the Hive blockchain.
  • The level of network security is also not much inferior to other cryptocurrencies. 
  • Hive has 3 second blocks. Even when there are a lot of transactions, they still get processed as scheduled without delay

Why should I trade HIVE

Having appeared in March 2020, HIVE quickly began to gain popularity and within a week of trading, quotes soared from $0.2 to a record $0.9 per coin. This was followed by an almost annual decline and the cost of HIVE did not exceed $0.3 until February 2021. In April 2021, the cost of HIVE again approached its record. As of July 2, 2021, the price of HIVE is $0.3, with a market capitalization of $127,023,850. It should be noted that at the same time, the cost of its competitor STEEM is also about $0.3, although the coin has been trading since 2016. In such a short period, HIVE has almost already caught up with STEEM in terms of market capitalization. Given the youth of the project, it has already shown good prospects and it will be a reasonable decision to diversify your crypto portfolio with the HIVE coin.

Hive price chart

Where to trade HIVE? 

Immediately after the separation from Steem, the coin has already passed the listing procedure on the largest cryptocurrency exchanges such as BittrexProBit and BlockTrades. Today, you can also trade HIVE using such platforms as BinanceHuobiUpbit, and others:

Where to trade HIVE

One of the most secure and transparent platforms for trading HIVE and many other cryptocurrencies is the 7b crypto broker app.

How to trade HIVE using the 7b crypto broker app? 

7b provides its users with convenient and useful financial instruments. On the platform, you can easily track the current HIVE course. In order to buy or sell, you need to:

  1. Log in to your 7b account.
  2. Choose a pair for trading, for example, BTC/HIVE, or another available cryptocurrency.
  3. Enter the transaction amount.
  4. Consummate a transaction.

FAQ 

Is HIVE a good investment? 

Yes, in just a week of trading since the launch, the HIVE cryptocurrency was able to increase in price by 3.5%. Already today, HIVE’s quotes are on the same level as its opponent STEEM. Despite the fact that the project was launched only a year ago, the crypto asset showed a nice uptrend. 

How do I invest in HIVE? 

You can invest in HIVE via many cryptocurrency exchange platforms, such as Bittrix, Binance, 7b, Huobi, and others. To make a purchase, you need to: top up your balance, select a trading pair, and transfer the desired amount. Withdraw HIVE to your wallet and store it until the price increases.

How to trade HIVE for beginners? 

Beginners often face financial losses, as they trust false sources of information. To eliminate this risk as much as possible, you need to conduct your own research and analyze the market. On 7b, you can track the HIVE price directly in your account. To start trading: verify your account, top up your balance, select a trading pair, and enter the amount you need.

How to buy HIVE cryptocurrency? 

On 7b, you can buy profitably and safely. The platform is absolutely transparent in terms of transaction fees. To purchase, you must have a verified account and funds on it, select a pair for trading, and transfer funds.

What is Hive Blockchain? 

Hive is a decentralized social information exchange network for Web3. It is the result of a Steem hard fork. Provides users with three-second and fee-less transactions.

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Michael Selge
Michael Selge

Marketing manager of 7b crypto broker app


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