Using the Ecency Internal Token Exchange
A really great feature in Ecency is the Token Exchange marketplace that has been built into Ecency. Recently I have found myself using more and more and really getting to like it.
This is an interface for the internal market where you can trade Hive and HBD for free, which is pretty great.
To access the marketplace, you goto your wallet, and then under the gliff for say HBD, you can select trade token.
From there it will take you directly to the Token Exchange.
The first screen you see when arriving is the swap screen. There are 3 main options in the Token Exchange, Swap, Limit or Advanced. I will run through these transactions now.
Swap
Swap allows you to do a basic trade transaction where the tool will select the latest price in the market and give you a price. Here you click on your Hive balance or type in how much Hive you want to swap to HBD and you get your price.
Limit
Limit allows you more options to select a price outside of the current market price and therefore to wait until the market moves to your price, or if you are unlucky, against it.
To Buy or Sell, you can quickly click your Hive or HBD balance that you want to make a limit order for and click buy or sell. Alternatively, you can also type in the value you want to trade.
Advanced
The option that I always use is the advanced option, where I can see more of the market bredth and the trend over the last 24 hours. I can then select the price I want from the market.
Here you can also select your balances so that you can make some quick transactions, like here I select my HBD balance to convert to Hive. On the right side you can see the historical transactions which is useful to give you an idea of the volume and activity.
Once you are happy with your price, you can click buy or sell and then you are asked to confirm the transaction.
You of course then need to confirm the transaction with Keychain as you usually do.
Once you click confirm you are then pretty much done.
This is confirmed when you can click finish and you see success in Keychain.
Another feature that you can use is to change to dark mode.
Have you used the Token Exchange yet? What features do you like?
Thanks for reading.
Credits:
Title image created with source and other images from Ecency.com.
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Nice and useful tutorial!
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Oh, this is something new for me.
Actually I use ecency application that is why I wasn't aware of this feature. This is available on ecency web, right?
Yes, it is available in the ecency web app.
I hadnt realised that was possible from within ecency - thanks for the info !
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Thanks for checking it out!
Wow may be I ask about it in the next interview from Melinda this seems very interesting.
Yes , it could be interesting
May be I could do an interview from you regarding your sons interest in mobile gaming and how you regulate his play time cause my son is an addict.
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Neat feature. I've used it a few times to swap mainly from HBD to Hive.
Yeah, I think it is pretty great and easy to use
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I am using ecency for almost everything. However, TBH, I haven't used this feature yet. The previous exchanges from HBD to HIVE were done using the internal market via hive.blog.
Thanks for the tutorial and reminder. I will give it a try next time In Sha Allah.
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Ah, I have been using Ecency lately and really like the interface. Thanks for checking it out Dr.!
I'm going to check and try it out, am really loving hive by the day and ecency in their improvement to making hive a better place for us all.
I am really loving the internal marketplace with Ecency. It is very fast and smooth.
Just checked it out, it's really good and looks good too, Am definately talking about this tomorrow on our #nigeria meetup I'll be hosting.
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It is one of my favourite Ecency features. I use it practically every day. 😃
I am really loving it too 😀
That's pretty cool! I didn't realize that there was one! I need to pay more attention!
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Yeah, it's pretty useful for changing Hive/HBD.
I've to be honest I've never used this even though I use ecency so often. Oops. Hivehub has been my go to but I'll give this a try next time. Thanks for sharing.
I think HiveHub is quite good too, but now I am using the Ecency tool as it is very quick for me.
Very cool feature and I'm using it whenever I need to change HBD to Hive and vice versa.
Yeah I think it is a great tool to use the internal market.
I knew about it a few weeks back and that is what I have been doing instead of trying to wait for the 3.5 days swap
Thanks for sharing especially for those who do not know
Yes, I prefer this than waiting for the 3.5 day swap!
Yes! I always use this feature whenever I'm transacting between Hive and HBD. Great that the team has also brought it to the mobile app, and I'm looking forward to the limit and advance option being available on the app :)
Thats sounds good once those enhancements are implemented!
First moment when I started to read title I thought that post will be about trading ecency points as a tokens.
But anyway it was useful to read about this exchange feature!
Yeah it is just for trading Hive and HBD.
I wasn't aware that Ecency had added this feature. I always use it on Peakd. Next time I have a post pay out and I have more HBD to play with, I'll have to try the Ecency version.
Thanks for making me aware of it!
Yeah, I am finding it quick and fast to use, easier than PeakD.
Awesome job buddy love all the information about Ecency keep it coming
@mypathtofire Have an amazing weekend 😎
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Thanks Ben.
Happy new week, Steve! 😁 🙏 💚 ✨ 🤙
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Excellent walk-through, Steve! Ecency has a lot of great features, with more added all the time! I use the internal market all the time, but not via the Ecency interface yet. I'll have to give it a try! That's a lot for putting this together! 😁 🙏 💚 ✨ 🤙
Thanks! I am happy how Ecency is growing and evolving! So many tools and features to use.
Sure thing, you're very welcome! Yes, me too, and I very much agree! I use it for most things! 😁 🙏 💚 ✨ 🤙
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On 1st December when I had to swap HBD into the hive to power up the hive, i used Ecency swapping option as it's best and fastest way 😍
Yeah I think its a great tool. 😀