How to Buy Hive (HIVE) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Hive, and is trustworthy!

You can find our top 3 exchanges for buying Hive here, alternatively you can also check our comparison of the best crypto exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Hive

And of course, the final step is to find Hive on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Hive (HIVE)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Hive

  1. Sign into the exchange
  2. Find where you stored your Hive, either on a hardware wallet or on the exchange.
  3. Transfer your Hive to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Hive.
Businessman looking at crypto trend

Considerations when looking to buy Hive.

Hive was launched on March 20, 2020. It is a decentralized information-sharing network that includes a accompanying blockchain-based financial leadger. This ledger is built on the Delegated Proof of Stake protocol. Hive supports many types of information sharing apps. Many front-ends, APIs, and dapps allow for easy access to data, transactions, and records. This diversity and utility makes the ecosystem welcoming to consumers, builders, investors, and content creators.

Hive was created to store large amounts of content and make it accessible for time-based monetization. Social media with monetized reward for content producers, interactive gaming, identity management systems, micro-loans, and polling systems are just a few examples. With widespread adoption of platforms and currencies in mind, the performance of the blockchain will scale. Hive's lightning-fast processing speeds and free transactions make it one of the most popular blockchain technologies.

Hive's ability to handle large transaction volumes combined with its 3-second block times, fee-free transactions and fast block times make it an ideal platform to build highly interactive applications that will not slow down most blockchain networks. The 2nd layer architecture allows for application loading to be distributed across different sidechains, allowing for scaling beyond traditional smart-contract networks.

An application's developers can use additional CPU resources at the second layer to power their applications without worrying about congestion. They still have access to a common first-layer backbone blockchain to ensure data integrity and distributed data integrity. This helps to mitigate scaling limitations. This allows developers to create unique applications.