If you prefer tagalog, please watch the video otherwise read the article below.


Are you a part of the DBUZZ or HIVE blockchain community and have earned some HIVE/HBD tokens? Now, you might be wondering how to cash out your earnings conveniently. Fortunately, there are multiple ways to convert your HIVE/HBD tokens into pesos. One option is to use P2P, asking people you know or user of HIVE blockchain that you can trust like @guruvaj or @pinoycrypto.com, who can help you swap your HIVE/HBD tokens for pesos via GCash. Another popular choice is the Binance exchange, which allows you to transfer your tokens to their exchange. However, in this article, we will focus on cashing out your HIVE/HBD directly to your pouch.ph wallet.

Pouch.ph is a bitcoin wallet address that operates on the lightning network. It offers support for Philippine Peso payments, making it an ideal platform for cashing out your coins/tokens. Once you download the pouch.ph app and create an account, you can use it for various purposes like purchasing load, paying bills, cashing out to GCash or to your bank account, etc.

YOU NEED TO FINISH YOUR KYC FIRST BEFORE TRANSFERING ANY MONEY TO YOUR POUCH.PH WALLET.



Let’s dive into the process of cashing out your HIVE/HBD tokens to pesos using V4V.app (@v4vapp) and transferring them to your pouch.ph wallet. To get started, you’ll need to download two apps: Hive Keychain and Pouch.ph. Hive Keychain is a Chrome extension and mobile app that simplifies signing in and signing transactions on the HIVE blockchain.


If you already have a Hive Keychain wallet, click on the three dots in the top-right corner of the app to access the menu. Then, select “Browser” and enter “v4v.app” in the search or URL field.


Simultaneously, open your pouch.ph wallet app. Within the app, navigate to “RECEIVE” and choose “CREATE INVOICE.” Let’s say you want to create an invoice for 30 pesos. Click on “SHOW QR CODE,” which will display the wallet address and QR code. Copy the address and return to your Hive Keychain app.


In the Hive Keychain app, click on the blue “PASTE” button to paste the copied address. A window will appear, showing the “invoice decoded” and the amount of HIVE or HBD required for the transfer. For this example, we’ll be using HIVE, and the window states that 1.866 HIVE is needed to obtain 30 pesos.

Next, a confirmation window will appear, requesting you to transfer 2.866 HIVE instead of the actual 1.866 HIVE. Ensure you have sufficient funds in your account to cover the additional 2.866 HIVE. Click on “CONFIRM” to initiate the transfer. A window will then display the message “Successfully transferred 2.866 HIVE from @pinoycrypto.com to @v4vapp.”


Checking your pouch.ph wallet balance will reveal that the 30 pesos you transferred has been added. You can now utilize this balance to send to other users or bank accounts (if you are KYC verified). Additionally, you can use it to buy load, pay bills, cover transportation costs, or purchase game credits.

Now, let’s calculate the actual amount paid to receive those 30 pesos and understand why we transferred 2.866 HIVE instead of 1.866 HIVE. Checking the “HISTORY” section of your wallet will show that you sent 2.866 HIVE to @v4vapp and subsequently received 0.996 HIVE from @v4vapp. Although the reason for this is happening is unclear, the calculation is simple. Subtracting 0.996 HIVE from 2.866 HIVE gives us 1.87 HIVE. Therefore, we only spent 1.87 HIVE to receive 30 pesos.


Now, let’s examine the fees involved in this transaction. At the time of writing, the exchange rate for 30 pesos is 1.62 HIVE. So, subtracting 1.62 HIVE from 1.87 HIVE, we find that we paid a fee of 0.25 HIVE or 4.63 pesos. Considering the convenience and speed of cashing out, this fee is reasonable, especially if you’re in a hurry to access your 30 pesos. In comparison, P2P transactions might require waiting for the other party to respond to your offer.

It’s important to note that the fees vary based on the amount being transferred. Currently, @v4vapp charges a fixed fee of 200 sats plus 1.5% for exchanges. However, @brianoflondon, the creator of V4V.app, has proposed lowering the fees to 100 sats plus 1% for exchanges. If you find the app useful, consider supporting his funding proposal from the Decentralized Hive Fund. You can find the full proposal here: [https://peakd.com/me/proposals/265].

In conclusion, by following the steps outlined above and utilizing V4V.app and your pouch.ph wallet, you can easily cash out your HIVE/HBD tokens and convert them into pesos. Enjoy the convenience of quick transactions, and make the most of your earnings by using your pouch.ph balance for various purposes, such as bill payments, load purchases, transportation expenses, and game credits.

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