How to SAVE Gas fee in converting DEC or SPS to Fiat?
I know some of you already know this but I still kept seeing questions on how to withdraw their DEC or SPS and convert to fiat or Philippine Peso (PHP in our country). This is a follow up post on my previous blog (https://www.splintertalk.io/@imril/guide-how-to-turn-your-sps-in-rank-chest-rewards-to-liquid).
Well the most efficient and less gas fee that I know is by following these steps. This procedure uses Binance so make sure you're all setup before proceeding this steps.
Step 1: Transfer out your DEC or SPS from game to Hive Engine Wallet.
Step 2: Open https://hive-engine.com/ and log into your account and go to market.
Step 3: Select DEC or SPS and then sell for swap.hive. In this example, SPS (https://hive-engine.com/trade/SPS)
Step 4: After Selling, go to your wallet (https://hive-engine.com/@xxxxx/wallet Replace xxxxx with your hive username) and click withdraw then choose HIVE.
Step 5: After withdrawing, go to https://wallet.hive.blog/@xxxxx/transfers (Replace xxxxx with your hive username) and log in your account.
Step 6: You will see your HIVE transferred to your wallet. Now on your hive.blog wallet, click TRANSFER.
Step 7: Open Binance and go to wallet and click deposit, choose HIVE and you will be given the wallet address.
Step 8: Input the address and memo from binance, and input it in your hive.blog wallet.
Step 9: Wait for transaction to finish. After successful transfer, go to HIVE/USDT.
Step 10: (Binance): Sell HIVE on Binance in exchange for USDT. Then transfer USDT to Funding wallet so you can sell thru P2P using Gcash/Paymaya/Bank Transfer.
Note though, there is only 1% Gas fee in withdrawing your Hive in the market.
Want to play splinterlands?
Registration is free: https://splinterlands.com?ref=imril
Follow me on my socials too:
Facebook: https://www.facebook.com/imRiLtv
Twitter: https://twitter.com/imRiLTV
Tiktok: https://www.tiktok.com/@imriltv
Twitch: https://www.twitch.tv/imriltv
Posted using Splintertalk
https://twitter.com/imRiLTV/status/1568796462452207619
The rewards earned on this comment will go directly to the people( @imril ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.
Thanks for sharing! - @alokkumar121
![](https://images.hive.blog/0x0/https://media.giphy.com/media/W4QD5qT1u6OJV1ENXU/giphy.gif)
Dear @imril, we need your help!
The Hivebuzz proposal already got important support from the community. However, it lost its funding a few days ago and only needs a bit more support to get funded again.
May we ask you to support it so our team can continue its work?
You can do it on Peakd, ecency, Hive.blog or using HiveSigner.
https://peakd.com/me/proposals/199
Your support will be really appreciated.
Thank you!