Last update: Jun 6, 2022

How to Buy Hive (HIVE)

So you’re looking for a guide on how to buy Hive. Depending on where you’re located, you’ll have a few cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global crypto exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Hive – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Hive of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency trading platforms.

4. Buy Hive

Now that you have what you need to buy Hive, head over to the market or buy section of the cryptocurrency trading platform and buy some HIVE.

If the crypto exchange doesn’t have any Hive on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Hive first), and trade your Ethereum for Hive.

Where to Buy Hive (HIVE)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Hive

1. Sign into the crypto trading platform where you bought Hive.
2. Move your Hive to the right place on the crypto exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Hive.

 

How to Buy Hive (HIVE) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Hive in Australia, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Hive if it’s available. If the exchange doesn’t have Hive. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Hive), and trade your ETH for Hive.

You can also check out our comparison of the best Australian crypto exchanges If you’re interested in learning more about which exchanges we prefer.

How to Buy Hive (HIVE) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Hive in Canada, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Hive if it’s available. If the exchange doesn’t have Hive. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Hive), and trade your ETH for Hive.

Or, if you’d like to learn more about the exchanges we prefer, read our comparison of the crypto exchanges in Canada.

How to Buy Hive (HIVE) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Hive in the UK, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Hive if it’s available. If the exchange doesn’t have Hive. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Hive), and trade your ETH for Hive.

Also, check out our comparison of the safest crypto exchanges in the UK if you’re looking to learn more about which exchanges we like.

Considering buying Hive? HIVE Rundown

Hive was launched on March 20, 2020. It is a decentralized information-sharing network that includes a accompanying blockchain-based financial leadger built on Delegated Proof of Stake (DPoS). Hive supports many types of information sharing apps. Many front-ends, APIs, and dapps allow for easy access to data, transactions, and records. This diversity and utility makes the ecosystem welcoming to consumers, builders, investors, and content creators.

Hive was created to store large amounts of content and make it accessible for time-based monetization. Social media with monetized reward for content producers, interactive gaming, identity management systems, micro-loans, and polling systems are just a few examples. With widespread adoption of platforms and currencies in mind, the performance of the blockchain will scale. Hive's lightning-fast processing speeds and free transactions make it one of the most popular blockchain technologies.

Hive's ability to handle large transaction volumes combined with its 3-second block times, fee-free transactions and fast block times make it an ideal platform to build highly interactive applications that will not slow down most blockchain networks. The 2nd layer architecture allows for application loading to be distributed across different sidechains, allowing for scaling beyond traditional smart-contract networks. An application's developers can use additional CPU resources at the second layer to power their applications without worrying about congestion. They still have access to a common first-layer backbone blockchain to ensure data integrity and distributed data integrity. This helps to mitigate scaling limitations. This allows developers to create unique applications.

Hive was founded in 2009 by diverse community members, developers, and investors who shared the same goal of decentralization. It is not a company or a team. Hive isn't based in any particular jurisdiction. It has nodes, stakeholders, and contributors in many different countries around the world. Hive uses decentralized governance for both software development and decisions regarding protocol upgrades. This is done using the DPOS consensus protocol. Block producers are elected using stake-weighted voting. They must agree to allow changes to the 1st Layer protocol that all applications use. This provides a stable base layer and allows 2nd layer applications to innovate quickly. Protocol changes are developed, planned, and implemented in a transparent, collaborative, team-working environment. They are completely open-source from their inception to their final release.

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