When CEXs Exchanges Are Down Utilise bHive : Steps On How To Bridge From Hive To bHive

Hive and the developers on the developers stay providing us with options, just when you think one door is closed, another one is left widely opened. The Leofinance team has helped us provide bridging the Hive into 2 blockchains which is the polygon and the binnacle smart chain. Worried about KYC, dont want to be on any centralised exchanges? Then with this Hive bridges you can get(buy) Hive the decentralised way and also sell it. Its pretty simple once you get your way around it.

Buying and selling through bridging on Decentralised exchanges is the same, just the reverse is the case. But dont worry, I will be showing you how to bridge your Hive to bHive and then sell in your Dex wallet to BNB.

The most important site to utilise when doing this is the wleo site. When you go to the site, this is what you see:

Here, the site has almost solved everything for you, because its showing you all the possible bridges. pretty cool right?

But here we are trying to focus on the bHive bridge, "b" stands for the Binance Smart Chain. So you click the bHive section and it takes you here:

Here its pretty simple, its saying you should input your BNB Smart Chain address and the amount of Hive you want to bridge, after doing that, this message below will pop out:

Here its telling you to indicate your Hive username, where its going to bridge the Hive from. mind you, this should be done from a computer where you have your Hive details like the Hive Key Chain installed and logged in, for easy access. after doinf this, confirm the transaction and you are good to go.

Technically, when you are doing this you are commanding the site to send Hive from your account to @bnb-hive then using your BSC address as memo. This directly send bHive to your BSC address. You can still do it manually on the Hive platform.

when you go to your Dex wallet like the trust wallet, you wont see bHive, so you will have to import the token into the DEX wallet. To do that you will have to copy the smart contract from coingecko and coinmarketcap (look at the red good mark):

copy the address, go to your trust wallet and import the token with the smart contract:

The next step is to convert this bhive to BNB or BUSD, if you are conversant with the pancakeswap platform, then you are good to go from here. but if you cant, then dont worry, i got you.

Go to the pancakeswap platform and conncet the platform with your dex wallet. Then go to trade, then swap. Use the bhive smart contract to import the bHive token for swapping.

swap between the bHive and confirm. You are welcome

Posted Using LeoFinance ^Beta