If you are a newbie reading this and you have been looking for a way to buy Hive, well, it’s your lucky day, you have come to the right post. Most newbies don’t know that Hive is a coin that is sold on other crypto exchanges, they get shocked when you tell them that Hive is like other cryptocurrencies, can be traded on other crypto exchanges.
Hive coin is a digital asset that is essential in the eco system, it is needed for lots of things, as a Newbie who is looking forward to being a content creator or curator, in general if you are looking forward to being active on Hive, you need to have the Hive coin.
It’s Use On The Blockchain
On Hive, if you are not looking forward to trading it, why leave it idle in your wallet, put that Hive to use and power up. When you power your Hive up, you get access to increased Hive power, which gives you a great amount of resource credit.
Resource Credit is your credit that gives you resources to perform activities on the blockchain. These resources are commenting, liking, making transactions and rebloging. So generally without resource credit, you can’t do anything on the blockchain, it will be like using a smartphone without accessing the internet.
Some people get lucky to know few people on the blockchain who delegates Hive power to them. But for the ones that don’t have the opportunity of getting Hive power delegated to them, buying Hive from exchanges is one of the options you have to choose.
Mind you buying this Hive to power up and get resource credit is not a waste and doesn’t reduce your Hive as you use it. Because some newbies ask questions like does my Hive power reduce when I make a post, upvote a post or delegate my Hive power?. Your Hive power doesn’t reduce, your resource credit is what reduces, and can be replenished after few hours and few days depending how you use them.
As a Newbie you should know that Hive is not limited to just content creators, you can be a content curators. Curating involves upvoting(liking) other people’s post to earn curator reward. Yep!! Hive rewards you for liking other people’s content. Just incase you are the busy type and can’t find content to curate, following a curation trail or delegating your Hive power is the best way to earn on Hive passively.
Hive coins can be used for a variety of other things aside earning rewards. You can swap your Hive to Hiveengine to have a swap.hive, this swap.hive is used to buy Hiveengine Tokens.
Your Hive power can also be used for governance meaning that with your Hive power influence, you can help make certain decisions on the blockchain like choosing a witness and helping vote for for a DHF(Decentralized Hive Fund).
Where Can You Get The Hive Coin
On Hive there is no option to get the Hive coin with fiat, so getting the Hive coin requires the use of crypto exchanges.
To find exchanges you can get the Hive coin go to CoinMarketCap.com
search for Hive in the search section.
Go to the market section by scrolling down
In here you will see varieties of exchange options to choose from.
Few hours ago, Simplex just got added to the list of platforms to buy Hive with fiat. Simplex just as the name implies helps you simply buy crypto with fiat. You can use either your debit or credit card to buy crypto.
To buy Hive with simplex is quite easy. All you have to do is go to simplex.
Click on the “Buy Crypto” section
You get redirected to here
You have to change the coin from BTC to Hive
Put in your Hive address, Memo and price of Hive you want to buy and you are good to go.