How the Hive keychain is making crypto swapping easy for Hive users? by thetimetravelerz

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @thetimetravelerz · Apr 11 '24 (edited)

$12.44

How the Hive keychain is making crypto swapping easy for Hive users?

![how to swap crypto with hive keychain.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23uRJEXJ2gq3NRrjbxt7jZzeDabUvYzYzrBzZoF8pXs4j9bHTf3krBNJpTzCoKDXLmeV6.jpg)

Whenever I recommend hive to any user the discussion invariably comes to a point where a new user has to wrap his head around the idea of managing his account keys.
For someone coming from a web2 platform account management revolves around managing a username and a password.

## Web3 life is different
Web3 life on hive is quite a different experience as it gives a user complete freedom over his content as well as his wallet.
In case you do not have a hive account feel free to get a hive account via my [link](https://inleo.io/signup?referral=thetimetravelerz)

Once you have created a hive account you cannot change the username so make sure to give good thought to the username you want to use as it would not be possible later.
Once you have a hive account download the keys and keep them secure.

Each account has a couple of keys which have different roles.
A posting key is required to make a post.
An Active key is used for wallet transfers
A memo key lets you send a memo to another account
The master password is for key management and should be kept securely.

## Making swap life easy with Keychain swaps
Once you have some funds in the wallet then they can be traded for other tokens and coins.
Traditionally this requires placing a buy or sell order in one of the DEX's available on hive.
For this one need to convert HBD=> HIVE =>Hive=> swap.hive and trade this for the token/coin of your choice.

This can be a cumbersome and time consuming process.
There are times when one may not have the time or the patience to carry out these trades.
Besides saving time is important for you.

An alternative and better route is doing these token exchanges via the swap feature of the hive keychain.

To perform theses swaps the hive keychain has a built in swap functionality button

Let us perform a swap and see how things work

## Open hive keychain by clicking on the icon
Open the hive keychain by clicking on the browser icon

![1-click hive keychain icon.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23tSz3RpXnCdM6Y2pr7q3kR4L8hmVkFs3nJCThWS3UZpoz1f8v9iJu2282ZooxCWnWVGi.jpg)

The swap button sits at the bottom right corner of the hive keychain dashboard

![2-swap button.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23wr7Tvxb9yzJduKuHdQL9u1bi1DPAw2T4vAKZsQJz9ADqeetiGoH8uzmWpK1kPrKDLma.jpg)

Click on the swap button and the following interface loads

![3-swap menu.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23xAw2mm9q7Dkzg8caJacVp4aPmWsEkwZhuXDZrVgChqu9twU59EC9pCSsXTybnvTPgUf.jpg)

Select the token pair you want to trade/swap
The top one is the token that you want to swap and the lower option is the token that you want to receive.
I want to do a swap between HBD to LEO tokens
So First I specify the pair. Here I pick HBD and LEO.
Next I select the number of HBD that I want to swap
I select 15 HBD here
The app calculates the number of LEO tokens that I would receive

![4a-choose swap pair and amount to swap.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23x1YNQWv1By6c4BKGmnY4FiFZCb8pav5oZrDTaKegBu523616pCL7Twr2SuwEnYWdSzu.jpg)

I have been using these swaps for quite some time and they work with ease and do not require any learning curve as the interface is quite intuitive.

The advanced parameters let you tweak the slippage. I leave it to the default 5%

![4b-slippge.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23sxnNTKZxJPfQQR3C2CEwufFM1jnfkm4GwrMaZSp7zoCFFhgk9nTAeDwgUjN987XjLyS.jpg)

I click the confirm button to complete the swap. The swap is instantaneous and even before I can take a screen capture the swap gets completed.

I can see the transaction history

![6a-swap history.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23tcLZQz4nH1otXB1QwmhCHSftjMJByjgkxTgUXYz8xv5iLWPQCfpE9jj5HbWbWGA4ock.jpg)

As this swap mechanism is quick and hassle free so this is my go to method on hive.

A point to be noted is that the minimum transaction value should be equivalent to 1 or more hive. Doing a transaction below this value would give you this notification.

![7-min hive.jpg](https://files.peakd.com/file/peakd-hive/thetimetravelerz/23u6HeTQebQAdBzhUVfTuLtYaJstXFx15qqob4R5abk8pjkZeuka9oS1RycC5puhdxjcv.jpg)

## Final thoughts
The ease of use and convenience of using the swap feature makes swapping work smoothly for the first time and every time.

All images taken from Hive keychain

Posted Using [InLeo Alpha](https://inleo.io/@thetimetravelerz/how-the-hive-keychain-is-making-crypto-swapping-easy-for-hive-users)

👍 leo.voter, taskmaster4450le, hivepakistan, indiaunited, sagarkothari88, ecency, bala41288, ace108, bobinson, muterra, pouchon, cwow2, cryptothesis, lbi-token, steemaction, go-kyo, globalcurrencies, foodchunk, bitrocker2020, rima11, hykss.leo, raiseup, sbi3, gadrian, binance2, pravesh0, dlike, amberkashif, muratkbesiroglu, codingdefined, bala-leo, jatinhota, happydolphin, russellstockley, niallon11, dlmmqb, bhattg, pouchon.tribes, rmsadkri, keychain, harpreetjanda, balaz, imfarhad, pedrobrito2004, kannannv, imacryptogeek, itwithsm, caleb-marvel, town-hall-voter, photolovers1, tydynrain, quduus1, rodent, aaalviarez, wallay, scaredycatguide, cindy911, good-karma, foreverhero, maddogmike, kanibot, vault3, scooter77, kevinwong, and 189 others

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`root_title`	"How the Hive keychain is making crypto swapping easy for Hive users?"
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pouchon	183,590,015,592	25%
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rodent	11,093,826,213	45%
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inuke	1,073,818,227	20%
bobinson	239,243,551,971	25%
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vintherinvest	1,507,703,871	8%
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sholly1	1,224,523,038	100%
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bala41288	552,681,375,080	20%
amjadsharif	1,824,002,953	30%
dynamicrypto	3,654,369,328	5%
indiaunited	1,233,594,580,197	25%
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bhattg	27,194,595,901	22%
russellstockley	36,112,390,357	30%
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teutonium	779,989,007	25%
oadissin	3,912,632,163	8%
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taskmaster4450le	1,878,355,828,560	50%
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gungunkrishu.leo	1,298,272,160	50%
heruvim1978	2,554,176,269	5%
reonarudo	1,118,647,848	8%
leoschein	7,571,136,906	8%
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hive-112281	1,004,847,036	5%
godfather.ftw	3,784,164,940	5%
leo.tokens	3,261,683,198	16%
rondonshneezy	1,575,563,155	8%
pvmihalache	4,587,488,339	10%
hykss.leo	76,767,176,325	7.5%
yozen	6,462,238,565	8%
onemoretea	494,761,683	16%
bananass	3,179,287,287	5.2%
elongate	518,133,017	16%
amongus	647,991,162	16%
alokkumar121.leo	1,233,078,428	100%
hive-defender	284,330,809	100%
muterra	199,732,257,287	25%
twicejoy	770,747,768	5%
disha30	884,227,054	25%
robmojo.leo	889,952,263	25%
doriangel	608,276,550	11%
photolovers1	12,981,774,499	22%
amberkashif	45,449,441,412	40%
ayesha-malik	4,224,247,718	80%
steentijd	4,762,556,767	8%
kamaleshwar	3,368,269,231	25%
kannannv	16,398,994,604	25%
bokica80	559,302,486	8%
jocieprosza.leo	3,156,516,106	50%
noempathy	8,384,064,699	100%
foreverhero	10,316,967,318	100%
elephantium	1,161,330,904	50%
gamerzaza	733,951,479	12.5%
dlmmqb	29,836,800,817	60%
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rzc24-nftbbg	1,213,732,396	5%
kushyzee	741,591,370	8%
alovely088	1,061,319,544	2%
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scrubs24	3,668,249,359	12%
djrockx	1,614,841,097	11.2%
deimage	4,809,492,108	12.5%
tonton23	539,708,807	8%
tydynrain	12,742,188,789	10%
cryptothesis	150,638,444,010	100%
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pravesh0	61,495,844,268	100%
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leo.tasks	308,984,741	16%
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@hivecurators · Apr 11 '24

<center><sub>[ 🎉 Upvoted 🎉 ](https://hivesigner.com/sign/account-witness-vote?witness=sagarkothari88&approve=1)<br>👏 Keep Up the good work on Hive ♦️ 👏<br>❤️ @bhattg suggested [sagarkothari88](https://hivesigner.com/sign/account-witness-vote?witness=sagarkothari88&approve=1) to upvote your post ❤️<br></sub></center>

properties (22)

@hivepakistan · Apr 11 '24

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@india-leo · Apr 11 '24

Indiaunited Curation 1712800430266

This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>

properties (22)

@indiaunited · Apr 11 '24

Indiaunited Curation 1712800066590

This post has been manually curated by @steemflow from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). 

Do you know that you can earn a passive income by delegating to @indiaunited. We share more than 100 % of the curation rewards with the delegators in the form of IUC tokens. HP delegators and IUC token holders also get upto 20% additional vote weight. 

Here are some handy links for delegations: [100HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=173046.24457871253%20VESTS), [250HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=432615.61144678126%20VESTS), [500HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=865231.2228935625%20VESTS), [1000HP](https://hivesigner.com/sign/delegateVestingShares?delegator=&delegatee=indiaunited&vesting_shares=1730462.445787125%20VESTS). 

[![image.png](https://files.peakd.com/file/peakd-hive/bala41288/46eaz12N-image.png)](https://discord.gg/bGmS2tE) 

<sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @steemflow by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>

properties (22)

@pravesh0 · Apr 11 '24

Very easy and convenient. The more convenient it becomes to trade and swap tokens, the more we get closer to user satisfaction which we are still lacking a bit, especially on UI/UX level. 

Great post, bro. Very well explained!

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@shortsegments · May 3 '24

Hi @thetimetravelerz 
This article taught me something I didn't know at all, swaps with keychain.
Hive is like an onion, you just keep peeling back layers of functionality.
It's to late for an upvote, but I can still send you a gift.
Thanks

👍 thetimetravelerz

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properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
thetimetravelerz	0 B		17,878,736,046	25%

@thetimetravelerz · May 3 '24

It is amazing to see the pace at which thigs are evolving on hive. I guess we are all geared up for the bull run

👍 shortsegments

properties (23)vote details (1)

voter	weight	wgt%	rshares	pct	time
shortsegments	0 B		18,388,433,464	50%

@shortsegments · May 9 '24

Indeed I hope your right, and we get caught up in the bull run.

properties (22)