How to Deposit and Withdraw HIVE Coin: A Step-by-Step Guide

Before working in the hive ecosystem you must know about its deposit and withdrawal process which is very must to learn. Deposit will help you bring hive in the ecosystem and withdrawal with help you withdraw hive to #binance.

Deposit process

If you want to use HIVE coin in the Hive ecosystem (like PeakD, Ecency, or Hive.blog), then first you have to transfer it from Binance.

First of all, note your Hive wallet username @aliakbar2 this is my Hive ID. Then go to Binance and in the "Withdraw" option, select HIVE coin.

For deposit from binance to ecosystem, you have to go wallet and go to hive deposit. Write your hive userid in the address and anything in the memo. Make sure that you correctly type your hive ID otherwise you will loss your amount.

The deposit process will take around 1 minute or sometimes instantly, also there is a least fee deduction for this process which is even not counted.

Now when you earn rewards by writing content in the Hive ecosystem, bringing it back to Binance is also easy.

You have simply to go to your wallet, right click on the hive and click on transfer. Right the correct address which is being given in binance, these days the address is bdhivesteem.

Also one thing which is very must and that is to copy the memo address which is given in binance. Do paste in the memo address. If incase you type your memo or Withdrawal address wrongly then you will loose your amount.

Withdrawal process

Always check the address and memo two times, if written wrongly the coin can be lost. What do you people know about deposit and withdrawal process of hive, what other exchanges support hive transaction? Will be glad to see your answers in the comment section.

I hope you find this post useful and informative. If you do, please remember to reblog it so that it reaches as many people as possible and that they can benefit the most from it. Also, remember to upvote, which will help me financially and grow my account.

IMAGE TAKEN AND EDITED IN [CANVA]

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Best Wishes.