PrashantKF avatar

How to convert HBD to Indian Currency , Full Documented Process : Learning Journey 4

prashantkf

Published: 07 Mar 2021 › Updated: 07 Mar 2021How to convert HBD to Indian Currency , Full Documented Process : Learning Journey 4

How to convert HBD to Indian Currency , Full Documented Process : Learning Journey 4

Today was a day of learning, finally was able to convert Hive Dollars to native currency INR.
It was the first time, and it was worth it, here is the full process:

For this, we need to create two accounts. ( Android Apps Available )

  1. Bittrex Global ( https://global.bittrex.com/ )
  2. ZebPay ( https://zebpay.com/)

Both accounts must be verified first before continuing.
.1 Bittrex
Screenshot_20210307-191703.jpg

  1. ZebPay
    Screenshot_20210307-191731__01.jpg

Step 1, how to transfer HBD to Bittrex?

It can be directly sent from your Hive wallet, steps followed:
-- Click on the down arrow against your Hive Dollar balance and select transfer.
screenshot_20210307_225838.jpg
-- Amount need to be sent to Bittrex
screenshot_20210307_230139.jpg
-- You must include a memo, it will be obtained at Bittrex app.
-- Go to the Bittrex app, tap on holdings, and select deposit.

Screenshot_20210307-202547.jpg

-- Search HBD from the list of other cryptocurrencies

Screenshot_20210307-215628.jpg

-- Copy the memo from there.
screenshot_20210307_230356.jpg

-- Copy-paste the memo in the Hive wallet and transfer the amount.
-- It will be reflected here in the holding tab( Bittrex app)

Step 2, how to convert HBD to Bitcoin?

-- Click on Market, select HBD
screenshot_20210307_204059_02.jpg

-- Click on sell and if you want to sell at the current market price, select the market and enter a quantity.
screenshot_20210307_231003.jpg

-- It will convert HBD to Bitcoin. Check it in the holding tab.

Step 3, Send Bitcoin to ZebPay

-- In holding Tab, Click on withdraw
-- Need to enter the Wallet Address & Amount

Screenshot_20210307-205231.jpg

-- Open ZebPay, Select BTC

Screenshot_20210307-210801__01.jpg

-- Click on receive, copy the address and paste in Bittrex app.

Screenshot_20210307-211229.jpg

Screenshot_20210307-211250.jpg

-- It takes some time for it to reflect on Zebpay

Step 4, Convert Bitcoin to INR

-- Again select BTC, click on Sell ( Selling BTC to receive INR )

Screenshot_20210307-211558.jpg

-- INR will be reflected in the balance, You can now withdraw the amount ( After entering Bank Details)

Screenshot_20210307-221907.jpg

I hope someone will find it helpful. There is a fee involved when you transfer BTC from Bittrex to Zebpay.

Thanks
Help someone by sharing your learnings too.
This community is specifically created to share learning journeys.

Leave How to convert HBD to Indian Currency , Full Documented Process : Learning Journey 4 to:

Written by

Learner@KnowledgeFruit

Read more #hive-123740 posts


Best Posts From PrashantKF

We have not curated any of prashantkf's posts yet. But you can encourage our curation team to review posts by visiting them regularly and by referring other readers. Because we give priority to frequently read content.

More Posts From PrashantKF