As we all know, the hive blockchain is different from others because of its unique methodology of operations and navigations. We have ethereum network and so many other networks on crypto space and this networks have their own unique way of transactions in association to the transfer of coins between them both. Hive blockchain on its own comes with a unique but simple way unlike what you see on other networks where one have to copy a long address, select network and transfer the token.
To some people that don't know the way about of this, this article is then a bigger advantage and an educational one at that because it is followed with pictures that illustrate the processes, step by step and be sure that the right thing is been done.
Why Transfer Hive Tokens to Hive Blockchain
There are many reasons why one could transfer hive token from binnace to hive blockchain as hive blockchain provides a working avenue of tokens but for fun and for earning. The fun aspect being the gaming aspect where games are been played with gains made too.
In addition to this, one can decided to increase the worth of his or her wallet on hive blockchain, in return use it for curation purposes. Once this hive token is bought from binnace, transferred to hive blockchain, the next step would be powering up such token and automatically it turns to HP and with a larger amount of HP(Hive Power) the curation rate, worth of each vote increases and this is proportionate to the number of hive power powered on such account.
Also, one more other reasons why hive token can be transferred from Binnace to Hive blockchain is for the benefit of liquidity provision. As we all know that one can lock up a certain amount of hive tokens into liquidity or might even convert the hive token to any other token on hive blockchain such as #LEO #CENT ETC and use it for liquidity provision, thereafter making gains from it.
These pictoral exerts gives a smooth and easy way to transfer hive token from binnace to hive blockchain.
(a)
Login to your binnance verified account, convert your USDT or any other coin to hive token and if you don't know how to go about this, comment underneath this article and i will write about that in days to come.
(b)
Go to wallet, press withdraw, choose Hive token
(c)
Choose "Send via Crypto Network"
(d)
In the space for Address input your hive username. Normally when you register on hive, there is always a username, so that username, input it as it is there. Under withdrawal amount, input the number of hive you wanna withdraw and there is always a small gas fee, so put that into consideration. Then press withdraw. Remember there was a space for Memo, leave it, follow the necessary prompts that shows up which is continue and input your binnace passwords when it pops up, with that you are good to go and it reflects very fast.
