Welcome to this video where we are going to see how you can sell flokinomics and withdraw your funds to your bank account in an easy and simple way.
In my case I’m going to use metamask and binance, where I have a video on how to use it and how to buy flokinomics, and that’s where I have flokinomics to show how to sell it.
If you don’t have an account with binance, you can create one in the link just below to follow the steps.
To sell flokinomics, we must return to pancakeswap, where we bought it. Here, in the from part we will indicate flokinomics, and in to the cryptocurrency we want to receive. In my case, I will use USDT, although you can indicate BNB or another one. With the two cryptocurrencies indicated, you only need to indicate the amount of flokinomics above, if you want to sell it all click on max.
Remember, change the slipping tolerance to 12% or more if you see the error message and it does not let you sell your tokens, as the cryptocurrency has a transaction fee that makes it impossible to sell the cryptocurrency without the slipping tolerance. Once you have indicated the amount and the slipping tolerance click on swap, confirm swap and confirm the transaction in your metamask wallet.
Now you will have the other cryptocurrency, in my case USDT, to send to binance and finally withdraw real money to our bank account.
Send Cryptocurrencies to Binance
With the USDT, or the cryptocurrency we have exchanged, we must send it to binance. To do this, we open metamask again, and click on the cryptocurrency. Click on send, and here we have to open binance. If you don’t have an account yet, you can create one below, as you will need it.
Inside binance, from the main panel, we will go to wallet and spot wallet. Here, we will look for the cryptocurrency we want to send to binance, in my case USDT, and click on deposit. Here, we must select the bep-20 network, and copy the address. Make sure you copy the address of bep-20, otherwise you may lose the cryptocurrencies you send. If you have changed to another cryptocurrency, the operation is the same. Just make sure you always indicate bep-20 when copying the address.
Go back to metamask, and after send, paste the address you copied from binance. Indicate the amount you want to send, if you want all of it, click on max amount, and next. Finally, confirm that the information is correct, both the address and the amount you want to send and click confirm.
After a few minutes, the cryptocurrencies, in my case USDT, should appear in the Binance account.
With the usdt in our binance account, the next step is to exchange them for your currency, in my case euros. To do this, we will go to markets, fiat markets and look for the euro/usdt pair or the one of your currency. Here, we will go to buy, and exchange the usdt for euros or the currency you want. Indicate the amount you want to withdraw, and click on buy eur.
Now we go back to the main panel, and check that we have euros or the currency we have exchanged. If so, click on withdraw. Here, we go to fiat and select our currency, and the way we want to withdraw the funds. Either by credit card with a 1% commission, but it arrives instantly, or by bank transfer with a 0.80€ commission. Indicate the amount you want to withdraw and click on continue. If you have used the bank card, you will be able to see the balance directly in your bank account.
I hope this video has helped you to be able to sell the cryptocurrency you want and withdraw the money in your bank account, remember that just below you will find a link to create your account with binance.