RE: Hive Uniqueness: Making Recurrent HBD Payments

almost 2 years ago (Edited)

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Worth mentioning that recurrent_transfer is totally different type of operation and there is no exchange that supports it. So everyone, please be aware that you could lose your assets if you decide to periodically transfer your funds using this operation to the exchanges. Please don't. It might change in the future but it requires a lot of work with exchanges' devs.

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5 comments

@taskmaster4450le 80

almost 2 years ago

Good point. Best to stick with this internally and for on chain activity.

Posted Using LeoFinance ^Beta

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@manniman 69

almost 2 years ago

good point, you clearly a dev :D

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@engrave 73

almost 2 years ago

;)

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@manniman 69

almost 2 years ago

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@vincentnijman 73

almost 2 years ago

Yup, that's how I lost a couple of 100 Hive, last year, when I tried this out to send Hive to Binance, three weeks in a row ( to automate things when on holidays ). I then found out the Hive hadn't arrived and soon learnt this recurring transfer didn't work to send to exchanges.

Luckily, I only lost the first payment and I could cancel it.

I like the idea to use it to send HBD for some kind of subscription but would be more tempted to do so if there was a reward for keeping HBD liquid. These days I am way to tempted to move my HBD to savings immediately after receiving it.

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