I posted about this @swap.app before...
@swap.app Is The Most Simple STEEM <-> HIVE Swap?
And they made a website https://swap-app.app/
This site itself is not a token swap site. It is more like a tutorial site how to use swap.app type of thing.
What I didn't know about is this 👇
HIVE/STEEM -> ETH swap 🤩 🤩 🤩 (and BTC)
I had to try them.
First! Always check eth gas. https://ethgasstation.info/
(it is just what i do, my habit... i don't want to do anything when gas is too high)
Gas price wasn't too bad so lets go!
HIVE -> ETH
You can check the estimate on swap.app website.
For 50 HIVE will get 0.02895 ETH
(is there a minimum amount? i am not sure... 1 HIVE to ETH doesn't sound right, but anyway)
What you have to do is simple. Just go to your wallet and send HIVE to swap.app.
Memo is important. eth and your ETH address like this 👇
I added "#" before eth to encrypt the ETH address.
Hit "OK" and confirm the transaction.
But then I got this error message... I used "Private Active Key" for this transaction but maybe that is not the right key?
Anyway, I removed "#" before eth and it went through.
I thought the swap would take a long time like other token swaps, but it only took about 2-3 minutes! and I got ETH!
Estimate was 50 HIVE -> 0.02895 ETH
And I actually got 50 HIVE -> 0.027 ETH
So it is pretty on point. Very impressive 🤑
STEEM -> ETH
Process is pretty much the same.
Estimate 87 STEEM -> 0.048061 ETH
Send STEEM to swap.app
I tried "#eth address" again but I got the same error so I just did "eth address" in the memo and used the "Private Active Key" for the transaction.
Again the transaction went through very quickly and I actually got
87 STEEM -> 0.046 ETH
I think @swap.app is the best, easiest and fastest STEEM <-> HIVE AND STEEM/HIVE -> ETH swaps!!!
Maybe next time I will try BTC swap and see how it works 🤔
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This is so convenient! Why haven't I found this before? Thanks alot mate 😁
Yes, this app is great!!! I really like it :)
Thank you so much.. I have been using swap.app to convert my steem to hive for dcity, All thanks to you.
Will definitely try using it for eth.
Is dcity rewarding? or just fun game or something?
Does it matter what your wallet is? I've only got metamask.
Ah you don't use metamask. use your hive/steemit wallet. https://wallet.hive.blog/
and send token to swap.app from there.
that's it.
oh wait you mean for ETH address? you can use metamask or any other ETH address
The detail that reports error is because you must use the MEMO KEY in order to encrypt. Otherwise, it is not possible to channel the transfer with the hidden message. Maybe in this case with that data from the Ethereum wallet what they can do is transfer funds to you.
Yes, I have recently used swapp.app and it is really fast, and easy to use for everyone.
Thank you for sharing it.
Thank you I will try the memo key next time👍👍👍
Yeah, that happened to me too, that was it.
Memo key is just for encryption. But still without # proceeds.
I thought it would be the memo key but I have never used it before!!! 🤣
You must open your wallet with the private key memo.
Make the normal process, a transfer as always, and when you have already placed the data (amount to transfer and the account to which you are going to transfer), that you are going to make the transfer, it asks you for the active key, AND READY, THERE IF YOU CAN ENROLL THE INFORMATION.
Hi there! Thank you very much for checking @swap.app :)
The error with encrypted key means that you need to add your private memo key to Keychain (you can do this in the settings -> manage account -> memo key :)
Cheers!
Thank you! Somebody told me the same thing that I have to use memo key for encryption.
It is a great app. I love it. Is there a minimum requirement for BTC/ETH swap?
It depends on current transaction fees for BTC/ETH - overall it's around 30 Hive/Steem. It will be auto-refunded if it's less :)
Great!!! Thanks so much :)
👍
Looks like we have another good exchanging ( swapping ) platform
I really like it 🙂
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