Fiat to Hive Power UP
I had a stop for one year on Hive but I started again writing 4 month ago because I love it and I love this projet.
Many people are my points of reference on this platform: just for example @libertycrypto27 and @mad-runner.
I spent time looking their post, trying to understand how people become a dolphin and leave the minnow status.
What are the secrets? Writing long or short post? comunities? tags?
There are people who write often about Splinterland (it is payload); people who write little stories for long time; people who make photos; people who write about day by day news or about their own life; etc etc.
I decided my personal way of posting.
- Format: First of all I prefer long post.
- Arguments: Nothing or just few posts about gaming. I describe my passions (hiking and diving) and sometimes post about crypto and bitcoin like this one.
- Comunity: I decide the correct community for each post. It is extremely important so I spent a lot of time choosing the right comunity for the kind of post I'd like to write.
But I've also decided to make a lot of powerUP; the reason is simple: the more you have **staked hive **, the more your power is high.
Unfortunately powerUP is hard for a minnow like me. You have to write many and many posts before you can stake 50 or 100 Hive.
For this reason I decided to invest 20€ in the project every week for 6 month and power up them: as I told before, I trust this project so I'd like to invest in it. It is an experiment and If it will reach my goal (grow up with a boost), I'll increase the weekly amount in the future.
But... I do not want to buy hive on a KYC-exchange so I use @v4vapp.
This is my first travel in the magic world of buy-transfer-powerUp Hive.
Convert FIAT Money
First step is converting fiat money (euro for me) into bitcoin.
Obviously not onchain but on lightning if I want to have low fees.
For this purpose I use Pocket Bitcoin: it is a service with a light KYC based on Switzerland.
They ask you just an email. Then they give you a code and if you make a bank transfert with this code, you receive bitcoin onchain or lightning (you may choose before) on your private wallet.
So on 24th of April a send 20€ to Pocket Bitcoin:
Receive Lightning BTC
When Pocket received euro, it converted the amount into bitcoin and sent me an email: |
After that I followed the link and made the redeem sats of in my wallet. So I made the redeem of 32.854sats: |
v4vapp
Next step is sending the amount on @v4vapp
From my Phoenix wallet I sent 32.854sats to [email protected]
Then I logged in v4vapp and looked for the right deposit:
Conversion sats into hive
In order to make a powerUP, I needed to convert sats into hive:
Sending hive into account
Then I sent converted sats into my account as 63.743HIVE.
Powerup
The last step was powerUP
Conclusion
And that's all.
Probably it is a long path for a powerUP but I can use a light KYC and it is important for my privacy.
Furthermore I can invest in this project with a DCA strategy and giving a boost to my account.
Probably in the next future, I'll make a monthly transaction instead of weekly one but it is the first step and I wanted tell you my experience.
Did you like this strategy?
Do you know something faster to make powerUP respecting privacy?
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