Using the discounted hive bridge :My experience and thoughts

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(Edited)

A few days ago I was out and about learning and commenting on leo finance as I've been doing recently. I came across a post called Where to Convert HIVE to Swap.Hive (or Vice Versa) by @ifarmgirl. In it she mentioned various sites to make use of to convert your hive to swap.hive. She mentioned leodex, beeswap, hivepay, all of which I am very familiar with, but among them she mentioned a service I'd never heard of before and that was the discounted Bridge by @hiveupme. @theguruasia the developer said I should share my thoughts and that's where the idea for this post came along.

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One thing that attracted me to this site is the cheap transaction fees. Other swaps usually take around 0.2% in transaction fees while the Discounted Bridge as the name implies gives us a discount and takes only 0.1% in transaction fees. 0.2% isn't much in my opinion, but 0.1% is cheaper. Nothing wrong with saving a couple cents in transaction fees.

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How it works

The Discounted Bridge is quite simple and easy to navigate.

Once you login everything is displayed there

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No next page, no previous page or any of that. Everything you need is displayed instantly.

Before conversion you check the available liquidity on the right hand side.

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Refresh to be sure everything is updated. After that you go to your left hand side and enter your username. Then you click "check balances" for your hive, hivepower, and vault (not sure what that is) to be displayed.

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Now you go to the middle, and select the option you'd like to make use of. I'll be converting 2 hive to swap.hive to test the service.

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As you can see, a 0.1% fee (0.002) will be deducted and I'll get 1.998 hive.

Since my browser is connected to Keychain extension, once I pressed swap a window popped up, I entered my password and approved the transaction.

I went to the left hand side and clicked check balances a couple times and In less than a minute it reflected.

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Note that if there's not enough liquidity, your funds will be transferred back, and also the minimum conversion is 1 hive.

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My opinion

It's a really good service with cheap transaction fees. It's easy to use and it's fast.

Though I wish it could perform more swaps other than just hive and swap.hive. It's still in its infancy I suppose, so more swaps may be integrated in the future.

Overall it's good and fast, so I'll definitely be using it for its low fees.

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Please note that this is not an endorsement of any kind, I'm simply sharing my Experiences. Thanks for reading, have a wonderful day.

NB:All photos used in this post are screenshots from the Discounted Bridge interface

Posted Using LeoFinance Beta

neoxian pimp palnet vyb proofofbrain ctp hive-engine indiaunited leofinance
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37 comments
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Hello @b0s how have you been. I'm still a bit of a novice at these things. But some time ago I managed to swap some engine tokens after researching a lot, by swap.hive but then I found some information that said
that using leodex I could easily change swap.hive to hive, but I don't know what happened that didn't work. Then weeks later I came back. to investigate and in a very easy way I was able to do it by tribaldex. but what you show here looks wonderful

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Try our services & you can experience lowest fees or no fee + additional rewards as well.
$WINE

Cheers~

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😁 Hey if you hear very well, soon I will use your services especially for this first of July, 😎

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Hi @theguruasia. I am trying to use this Discounted Bridge service but it is not showing my balance

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Hola @marbrym lo estoy haciendo muy bien 😁. Encantado de verte aquí. ¿Cómo estás?

De hecho, es maravilloso. Tiene tarifas bajas y es bastante fácil de usar.

!PIZZA

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😁 Yo estoy muy bien amigo @B0s, muchas gracias por el ánimo. Muy pronto voy a probar esa app, en especial ahora que se acerca el próximo Power Up day 😁. Y tu ¿como estas?

😁 I'm very well friend @B0s, thank you very much for the encouragement. I'm going to try that app very soon, especially now that the next Power Up day is coming up 😁. And how are you?

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Genial eso 😁. También me estoy preparando para el día de encendido.

Estoy bien, muchas gracias por preguntar.

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Yay! Great that you tried the bridge. It's such a breeze to use and yes, the fees are very low so when one is swapping larger amounts of HIVE or Swap.Hive, they can see the difference in the fees.

Thank you for the mention by the way :)

Posted Using LeoFinance Beta

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Indeed it's wonderful. Thanks for sharing it 🤗

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All in one page is nice. It makes things easier to understand and work on.

I am quite novice to all these things. I don't even know the purpose of swapping. Hehe

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Yes it does.

Hehe, you convert hive to swap.hive so that you can buy layer 2 tokens like leo, neoxag, dreem,and so on. Then when you want your hive back you do the same 😊. You understand?

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Thank you very much for sharing your experience with the community. It's a very informative post & you mentioned VAULT.

VAULT is a soft-pegged token to HIVE (1 HIVE = 10 VAULT). @hiveupme curator is rewarding delegations via this token (VAULT). Therefore, we gave VAULT holders a feature to instant swap VAULT either to HIVE or SWAP.HIVE via this script.

Appreciate your effort & thanks again. If you got any kind of issue while using the bridge, please contact me anytime here or at discord.
$WINE

Cheers~

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You're welcome.

Thanks for the explanation about vault. I'll be sure to contact you if I encounter any issues while using the service. Have a wonderful day.

!PIZZA

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(Edited)

PIZZA! PIZZA!

PIZZA Holders sent $PIZZA tips in this post's comments:
b0s tipped marbrym (x1)
@b0s(4/5) tipped @theguruasia (x1)

Join us in Discord!

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Thank you for this @b0s , I keep meaning to go here and now I shall:)

Posted Using LeoFinance Beta

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You should definitely give it a try :) you may like it.

Posted using LeoFinance Mobile

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Well I went to do it last night, but there was no liquidity so I went elsewhere to swap some Hive. Great wee tutorial, and it is very east to use!
Happy HPUD!

Posted Using LeoFinance Beta

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I'm guessing a lot of people rushed it ahead of hpud 😂. Oh well, it's good to have multiple options :) how was your hpud?

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Yes that is what I thought, oh well I might try again one day.
My pud was the minimum well I did 13 and that was about 1% good enough for me:)
How was yours?

Posted Using LeoFinance Beta

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Wow,🤭🤭 my first hearing about this.

Thanks @b0s, I will have to study it in detail and practice it.👍

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Why is it that it's always your comment I use to miss. 😂 You should definitely try it out.

Posted Using LeoFinance Beta

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Hahaha
Missing my comments always is a deeper thought you know🤩
Be careful oo
Lol

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😂😂😂 It just happens, 😂

I'll be more careful next time. 😁

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