Trading on the Internal Market with Ecency's Swap Feature
Hive is a lovely ecosystem that provides you with multipurpose tasks to earn money. Along with content writing and collecting rewards on it hive's internal market, the best way to earn money is always through it. People that enjoy #HIVE and desire to trade on a daily basis will benefit the most from this. This is the best spot for them to trade and earn a decent monthly income.
SWAP FEATURE ON ECENCY
The advantage is that there are no fees for transactions and you can trade at any moment. Another excellent feature provided by @ecency for hive users is the swap icon. They provide this option so that you can swap it immediately without having to put a bid to buy or sell your token. You can sell against HBD at the market price right away.
I'm not sure if they waive any swapping fees, but when I tried several times, they all provided the same current market pricing. Before trading my token, I examined the price of buying and selling in limit orders, as well as the number of hive I received in exchange for HBD. The same #hive pricing value is then provided in the swap feature.
This is a fantastic feature that I like because it allows for immediate and instant conversion. When you observe that the price is ideal to convert and you want to transact quickly, swap is the finest solution. I didn't take note of the fees they take from the swap, but even if they cut some transaction fees, it's still nice and advantageous.
Those who have a great deal of HIVE and HBD but do not wish to generate content might consider trading as an attractive option. Hive's internal market allows you to trade in the same way that you do with other cryptocurrencies and exchanges. It is the finest way to get a high monthly revenue, especially if you have a large amount of Hive and HBD.
WIN-WIN SITUATION USING HIVE INTERNAL MARKET
One of the reasons why accepting little gains will result in a large profit with a large quantity. The fact that there are no transaction fees and that taking 0.1% is advantageous for your transaction means that you will make a good profit. I tried with 100 HBD and got one trade in two days, I booked more than 1% during this, which is great. When the hive coin produces a good pump, then is the greatest time to earn because it will allow you for the better conversion opton.
I became more interested in trading HIVE/HBD after finding Ecency's swapping feature, which provides me with immediate trading results. I didn't see this feature earlier, and I maintained my order on the limit for conversion. However, this feature is going to help me in doing quick conversions. This is especially effective when the hive coin jumps by more than 10%, allowing you to earn quickly.
Hive internal market is a win-win situation for all #hivians because both of these coins provide us with a reliable source of passive income. Let's say we become locked in HIVE with all the money we can make from hive upvotes, delegations, and other means. Also, if you get stuck in HBD, you can get 20% APR, which is twice as profitable.
This is my attempt to introduce a swap functionality in ecency, which many of us are still unaware of. There are also prospects for traders to generate a good monthly income in the hive internal market. I hope you enjoy the content and that it is informative as well. If you like the post, please leave feedback in the comments section so that the next one will be even better. Thank you for sticking with me until the end.
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IMAGES AND GIF TAKEN FROM CANVA, EDITED IN CANVA
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I was unaware of a token swap option in ecency. Then again I usually use hive engine for that.
You can use it on ecency and this is very beneficial.
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The swap feature on Ecency is simple enough and easy to understand. I was also wondering why there aren't any transactions fees. But maybe, it could be for only certain swaps, like small to medium amounts.
No, I noticed no fee deduction and checked the market price, which is the same as the price provided by swapping.
That's really great then. Users will love the feature more.
I didn’t know amaziiingg!!!