Welcome to this post, where we are going to see how to transfer your farmers world resources to real money and have it in your bank account with 3 simple steps, in a simple way.
For this, we will use binance as the main Exchange, where we will do the final step to send the money to our bank account. If you don’t have an account with binance, you can create one just below to follow the steps.
There are other ways and exchanges to withdraw funds, but in my case I use binance and it is the most used Exchange in the world, so I recommend you to use it if you don’t do it yet.
With that said, let’s get started.
Withdrawing Resources from Farmers World to your wallet
The first step we should do is to withdraw resources to our wax wallet. To do this, click on Exchange in the menu below. Here you will see two tabs, withdraw and deposit.
We will go to withdraw if you are not in it. You will see in fee the commission that you will be charged for withdrawing. This commission is variable, and moves between 5-8%, so I recommend you to wait until it reaches 5% to withdraw and thus not lose so many resources in commissions.
Here, we will indicate the amount of the resource we want to withdraw, and below you will see the amount of tokens you will receive. The tokens are 1:1, which means that if you place, for example, 1,000 gold, you will receive 1,000 tokens minus the commission you have at that moment.
Each resource has an associated token that can be exchanged in the secondary market as we will now see. Once you have indicated the amount and seen what you will receive, click on withdraw and confirm in your wallet by clicking on approve. This way, you will have the resources you have indicated in your wallet to use them.
From Resources to WAX
Now, the next step we must do is to change the tokens we have withdrawn to WAX. To do this, we will go to alcor Exchange, which is the main DEX of the WAX network.
Here, we will go to swap and connect our wallet if we have not already done so. Check the WAX network on the right side to see if there is another network indicated. Otherwise, you will not be able to exchange your tokens.
With the wax mainnet network selected, in swap we will indicate in sell the token of the resource we want to sell. And in buy we will leave it in WAX if it is already selected. Here, you will be able to indicate the tokens of the resources, whether gold, wood or food. You will be able to see on the right the exchange rate of that token with wax.
We indicate the amount, and click on swap, confirm in our wallet and we will have WAX in our wallet to send it to Binance. If you have the 3 tokens, you must exchange them 1 by 1, for example, first what you have of gold for WAX, then do the same process with the wood and food if you want to exchange them all for WAX.
Send WAX to Binance
With the WAX, we must send it to binance. To do this, we will go to the top right in wallet inside alcor exchange. Here, in WAX we click on transfer, and we will have to open binance. If you don’t have an account yet, you can create one below, as you will need one.
Inside binance, from the main panel, we will go to bill wallet and spot wallet. Here, we will look for the cryptocurrency we want to send to binance, in this case WAX, and click on deposit. Here, we must select the WAX network, and copy the address. Make sure you copy the WAX address, otherwise you may lose the cryptocurrencies you send.
We go back to alcor exchange, and after transfer, we paste the address we copied from binance into receiver. We indicate the amount we want to send, if you want all, click on max amount. Go back to binance to copy the MEMO or WAXP Tag, copy it and go back to alchor Exchange and paste it. Finally, confirm that the information is correct, the address, the amount and the MEMO or tag and click on transfer. Click on approve in your wallet and you are done.
After a few minutes, the amount of WAX should appear in your Binance account.
Selling the cryptocurrencies for your currency
Now, we need to exchange our WAX for USDT so that we can then exchange it for our currency and finally withdraw it to the bank account.
To do this, we will go to markets, and search for WAXP, look for the WAXP/USDT pair. Here, we will go to sell and indicate the amount we want to change from WAXP to USDT. Indicate the amount and click on sell. This way, you will have USDT instead of WAXP in your binance account.
With the usdt, let’s go to markets. Here, we will look for the cryptocurrency with the euro pair or your currency. In my case it is USDT/EUR, but if it were pounds or another currency, it would be USDT/GBP. Click on this pair, and go to the buy part. Here, we indicate the USDT that we have in buy, we indicate market, and we change them for euros, or your currency by clicking on the green buy button.
Now you will have euros, or your currency in your binance account. The last thing left is to withdraw it to your bank account.
From binance to your bank account
With the euros or your currency, we can finally withdraw real money to your bank account. In the main panel, click on withdraw or withdraw, and here you will have to select the method to withdraw the money to your bank account. The best option is to use the credit card, although it has a low commission, it will arrive instantly. You can also use the bank transfer, but it will take 2-3 days to get the money to your bank account.
Select the payment method, in this case cashout, the amount you want to withdraw in your currency, and click confirm. Enter the information for the transfer or your credit card if you have used this payment method, and that’s it. This way, you will have the euros or your currency in your bank account.
Although it may seem slow or somewhat complex, once you do it, it is very simple and really in less than 5 minutes if the network is fast, you can move from gold, wood and food to real money in your bank account.
I hope it has helped you to know how to move from resources in farmers world to real money, and be able to have it directly in your bank account paying the lowest possible commissions. Remember that if you don’t have an account with binance, just below you can find a link to create one.