Welcome to this post, where we are going to see step by step how you can convert your SLPs you have earned playing Axie Infinity into real money in your bank account.
After playing Axie Infinity and getting SLPs, it is possible to sell your SLPs and withdraw the winnings you have been getting to your bank account, in a quick and easy way. Let’s see the step by step so that you don’t get lost at any time.
To do this, we will use the Ronin bridge, which you can find at https://bridge.roninchain.com/ and Binance, to finally withdraw the money to our bank account. If you don’t have an account with binance to follow the steps and withdraw the money, you can create one right here below.
Withdraw SLP to your Wallet
The first thing to do is to send our SLPs to the Ronin wallet. To do this, go to the official Axie Infinity website, and go to claim tokens. Here you will see the amount of SLP you have accumulated and can claim to your Ronin wallet. In white you will see the amount of SLP you have, and in orange the amount you can withdraw.
Click on claim SLP, Claim SLP Now and confirm in your Ronin wallet. After a few minutes, you should be able to see the SLP tokens in your Ronin wallet.
From Ronin to Ethereum
With the SLP tokens in our Ronin wallet, we need to go to https://bridge.roninchain.com/ to send the SLP tokens to our Metamask wallet. Once on the page, we click withdraw.
Now we open our metamask wallet, and click on the top under the name to copy the address. Paste the address in the bridge, and click on asset SLP. All that remains is to indicate the amount of SLP you want to send to Metamask, click on next and confirm. We confirm in the Ronin wallet, and after a few minutes we will be able to see the SLP in our Metamask wallet.
If you do not have the SLP token added to metamask, click on add token, custom token and copy the following contract: 0xcc8fa2fa225d80b9c7d42f96e9570156c65d6caaa25, paste it and you will see that SLP appears in your metamask. This way, you should be able to see the SLPs you have sent from Ronin to Metamask to your wallet.
From Metamask to Binance
With the SLPs in our metamask wallet, and some ethereum to be able to pay for transaction fees, we will search for SLP, and click on the token. Click on send.
Now, we open our Binance account, if you don’t have one yet, you can create one just below to follow the steps, since you will need to have an account from now on.
Click on deposit and select cryptocurrency. Search for SLP or smooth love potion, and click on deposit. Here, click on ERC20 and copy the address. Check that it is the ERC20 address you are copying.
With the copied address, go back to metamask, and paste it where it says add recipent. Now it will appear in asset SLP, and in amount we have to indicate the amount we want to send. With the amount indicated click on next.
Now you will see the commission you have to pay or gas fee, in estimated gas fee, at this moment it is around 5$ but it can be higher if you do it in moments where the network is very congested. In total you will see the SLP and ethereum you are going to use, just click on confirm and you are done. After a few minutes, you should be able to see the SLPs in your Binance account.
From SLP to your currency
With the SLP, the next step is to go to markets. Search for SLP and select the SLP/USDT pair. Here, we will go to sell or sell, the red button, to exchange the SLP for USDT. Indicate market so that the order is executed instantly and click on sell. This way you will have USDT in your 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, go to markets, fiat markets and look for the EUR/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.
Withdrawing Money from Binance
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, being the most popular and easy to use options. Indicate the amount you want to withdraw and click continue. If you have used the bank card, you will be able to see the balance directly in your bank account. This way, you will have withdrawn your SLP to real money, either euros or another currency in your bank account that you can use without any problem.
I hope this guide has helped you to withdraw your SLP to real money without any problems and in a simple way. Remember that if you do not have an account with binance, you will be able to create one just below to follow all the steps we have seen.