Welcome to this post, where we are going to see how to convert your VIS 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 VIS from Pegaxy to your wallet
The first step is to withdraw VIS to our wallet. Keep in mind that you will not be able to withdraw VIS until 14 days after each withdrawal. So I recommend you to accumulate a good amount before making your withdrawal.
Go to my assets, in my profit. Here, click on claim, where you will see the amount of VIS you have to claim. Click on claim and click on I understand. Now, you can click on withdraw, confirm in your wallet and you will have your VIS in your wallet.
You will see in the claim button, that now you have a 14 days counter to claim again the rewards you get.
From VIS to another cryptocurrency
With the VIS in our wallet, the next step is to go to quickswap to exchange our VIS for another cryptocurrency, either Matic, usdt or whatever you want. My recommendation, and in this example we will use Matic, as we will be able to send it to binance without problems using this network.
To do this, we will go to quickswap, click on connect wallet at the top right, and confirm our wallet. With the wallet connected, we will go to Exchange and trade. In from we will indicate VIS, and in to Matic or the cryptocurrency you want to exchange your VIS. In from we indicate the amount of VIS, click on max to exchange it all and below you will see the equivalent in the other cryptocurrency you are going to receive. If you are satisfied with the price and the exchange rate, click on swap, confirm swap and confirm the transaction in your wallet.
Now you will have the other cryptocurrency, in my case Matic, to send them 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 bill wallet and spot wallet. Here, we will look for the cryptocurrency we want to send to binance, in my case Matic, and click on deposit. Here, we must select the Polygon network, and copy the address. Make sure you copy the Polygon address, 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 Polygon 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 on confirm.
After a few minutes, the cryptocurrencies, in my case the Matic, should appear in the Binance account.
Selling the cryptocurrencies for your currency
With the Matic or the cryptocurrency you have sent in Binance, let’s go to markets. Here, we will look for the cryptocurrency with the euro pair or your currency. In my case it is MATIC/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 Matic 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, even though it has a low commission, it will arrive instantly. You can also use the bank transfer, but it will take 2-3 business 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 go from VIS to real money in your bank account.
I hope it has helped you to know how to go from VIS 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.