Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Hive. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Hive

Australia has a decent number of trusted and regulated crypto trading platforms, so it’s quite easy finding an exchange that has Hive. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Hive in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Hive

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Hive in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Hive, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Hive.

It’s also possible to check out our comparison of the cryptocurrency exchanges in Australia for those looking to learn more about which exchanges we would recommend.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Hive, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Hive

The final step is to go to their asset list, find Hive, navigate to the buy section, and then trade your AUD for some HIVE. Once you’ve bought Hive, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Hive (HIVE)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Hive

If you’re thinking about selling Hive, just follow the steps below.

  1. Sign in to the crypto trading platform (like Swyftx).
  2. Click on Hive in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Hive for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Hive in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Hive with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Hive. Have a look on their site first, you might be lucky.

How to buy Hive with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Hive with your credit/debit card.

About Hive

Hive was launched March 20, 2020. It's a decentralized information-sharing platform that also includes a blockchain-based financial ledger. This ledger uses the Delegated Proof of Stake protocol. Hive can support many information sharing apps. Access to data, transactions, records, and other information is possible through many front-ends, APIs and dapps. The ecosystem is a welcoming place for consumers, builders, investors, content creators, and investors.

Hive was designed to store large amounts content and make it available for time-based monetization. Interactive gaming, social media with monetized rewards for content producers, identity management systems and micro-loans are just some of the many examples. The blockchain's performance will increase with widespread adoption of platforms, currencies and other technologies. Hive's lightning fast processing speeds and no fees for transactions make it one the most widely used blockchain technologies.

Hive's ability handle large transactions, combined with its fast block times, fee-free transactions, and 3-second block times makes it an ideal platform for building highly interactive applications that won't slow down any blockchain network. App loading can be distributed across multiple sidechains thanks to the 2nd layer architecture, which allows for greater scaling than traditional smart-contract networks.

Developers of applications can access additional CPU resources at the second level to power their applications without worrying if there is congestion. To ensure data integrity and distributed integrity, they still have access the common first-layer blockchain. This allows for scaling flexibility. This allows developers create unique applications.

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