Yup.
Power down your STEEM and Buy HIVE.
That’s a double up 👊🏽😎
Well, almost. I tried this today with 250 Steem and received 229 HIVE in ~1hr.
The Problem
Blocktrades (and many other exchanges) have STEEM listed under maintenance, a no fly zone. Steem-Engine (BTC peg withdrawals) was working for bit but as of today I noticed SE is also having issues. Had to think quick for a plan C.
👉🏽 SimpleSwap.io
The (Current) Solution
Step 1) Powerdown STEEM. Hopefully you started powering down your STEEM as soon as the HIVE fork was announced (like myself).
ex.
Step 2) Open BlockTrades.us. Chances are if you’ve reached this fad you already have an account.
- Select to send Bitcoin BTC and accept HIVE to your username.
- Copy your BTC deposit address and remember to confirm it is a BTC to HIVE trade.
ex.
Step 3) Visit SimpleSwap.io. Accounts are optional, the service is similar to a ShapeShift before the fuckary.
- Exchange STEEM for BTC and set the receiver address to the BTC deposit address from BlockTrades (Step 2)
- Requires sending Steem to @deepcrypto8
- Take a few minutes and you should see the confirmation
There’s no guarantee how long this will work as I assume Sun is trying every card to delay a STEEM sell-off.
This opportunity may or may not last long. Who knows 🤷🏽♂️ but if you’re in it for the long term may as well use that STEEM to power up HIVE.
Some may see this as doubling up, but so what. Happens all the time in crypto ie using BCH to buy BTC in late 2017. Or ETC to buy ETH in 2018. List goes on.
Jah Bless
Ads.
This post was tweeted to 6k (verified) followers here:
Thanks for the info , I am waiting for the power down from Steemit to buy Hive Tokens .
Cheers !
Same here (on @marcocasario..)
Same here. Cheers bro 🍻 !BEER
Thanks for the write up @donald.porter.
I was able to move some STEEM out via LTC and turn into cash.
Question: why not simply use the STEEM-HIVE swap? Is that not operational?
Thanks for the comment @taskmaster4450le.
Yeah, I was using Bitcoin peg and then SE suddenly had issues ironically after the first powerdown payment. Had to find a quick plan C, and had no idea that existed.
Binance works but not planning to risk it. Although I checked and @deepcrypto8 likely uses them for the exchange. It’s an alternative in case that services falters like the rest. This too may not work for long plus you can swap for other coins and get flexible (possibly even better) rates.
Bless
You can try ionomy.com.