Tribaldex is the new iteration of hive-engine.com! It has all the same features such as token creation and exchanging crypto but has additional features such as liquidity pools, NFT creation and now also allows deposits of many other cryptos for easy trading!
1. To begin go to: https://tribaldex.com/ and login using your keychain account.
Before trading we recommend checking the liquidity for the token you want, tribaldex is quite new and some tokens may not have sufficient liquidity.
2. Next click the wallet icon in the upper right side:
3. Click DEPOSIT:
4. A dropdown menu will appear with a list of Cryptocurrencies that can be deposited. When you deposit you get a pegged version of the token. For example if you deposit ETH you will get an equal amount of SWAP.ETH
There is a 1% fee on deposits. Ethereum and ERC20 deposits have no deposit fees, but you'll pay the Ethereum network gas fee. Any ETH or ERC-20 tokens will require gas fees, if you are depositing a small amount we do not recommend this option as you will end up losing a lot in fees!
5. Choose the desired crypto you would like to deposit and follow the instructions. Most will give you a deposit wallet address, ETH and erc-20 tokens will prompt you to connect metamask.
Example using LTC:
6. Once you have received your deposit navigate to the TOKEN page and type SWAP in the search. This will bring up a list of all SWAP.XXX tokens that can be traded.
7. Click on Exchange and search the token you would like to exchange for SWAP.HIVE and complete your trade. There are zero fees when trading within Tribaldex, you only incur fees on deposit and withdraw.
Alternatively you can choose the liquidity pools but please make sure the slippage is set to the lowest amount, and there is sufficient liquidity in the pool.
You will now have SWAP.HIVE in your wallet and be able to use it for minting or purchasing art on https://nftshowroom.com/ !
For more info on exchanges and swap services that carry HIVE please see our previous post How to buy HIVE?
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