Honor can be traded across your warband.
Crafted PvP gear recipes are purchased for a high amount of Honor, but are not BoP and can be traded or sold on the Auction House.
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PvP Honor and Crafted Gearing Updates in The War Within
Blizzard is making big changes to PvP in The War Within, allowing Honor to be traded between characters and introducing new crafted PvP gear that will now require honor and conquest purchased reagents instead of weekly crafting sparks, with the intent of making gearing more effort-gated and less time-gated.
