You may not be new to Axie Infinity blockchain game, but you may be new to Metamask and Ronin wallet.
You may be able to get an idea how to cash out your SLP smoothly.
What is Ronin wallet?
Ronin wallet is a special wallet for Axie infinity.
You can send SLP, AXS and Axies for free (no fee) to other Ronin wallets.
What is Metamask wallet?
Metamask wallet is one of the wallets for the Ethereum blockchain.
You must pay ETH fee for every transaction.
Benefit to have Metamask wallet
You can change SLP to any other cryptocurrencies
You can use cryptocurrencies
You may have an opportunity to receive Airdrop (which is free money from new project)
You can invest in another cryptocurrency or stake into Defi
You can try new blockchain games
(Be aware that brand new blockchain game may not be successful like Axie, however, if that brand new game becomes popular, you may be able to earn successfully. Because all games are at the beginning are usually much cheaper. Like Axie, all Axies are only $3 when they started)
Risks to lose all your assets
Both MetaMask and Ronin wallets give you a 12 word seed phrase when you first set them up. It is very important you save these 12 word seed phrases and you know you can find them when you need to. You will absolutely 100% need it one day. If the device, computer or phone, gets lost, broken or you just want to upgrade to a newer model you will need the 12 word seed phrase to import it onto your new device.
Make sure your 12 seeds words are safe. DO NOT save those words in your computer because a hacker may steel your wallet information. DO NOT lose them. DO NOT share seed words with anybody. DO write down all words and keep it in the safe spot.
Be aware this is a brand-new technology in the world, if you lose these seed words or somebody steals them, nobody can help you to get back your money.
How will you send players SLP?
We will send you SLP through Ronin wallet.
How can players cash out their money?
1. Once you received your SLP, your SLP will be in your Ronin wallet.
2. Then, you will need to send your SLP from Ronin wallet to Metamask wallet.
Login to your account on https://marketplace.axieinfinity.com/login with your Ronin wallet (this is not the same as your scholars account you use to play Axie) Once you are logged in click on the ‘Withdraw from. Ronin’ button.
Remember, when you send your SLP from Roning wallet to Metamask, you will need to pay ETH fee.
https://axie.live/ Is a good website to check to see the current gas fees. The fees on the Ethereum network can get very high when it is busy, so always check first.
3. Next, you may change your SLP to ETH for next cash out. Keep some of ETH.
Where you can change? Go to Uniswap (https://app.uniswap.org/#/swap)
4. Change your SLP to other cryptocurrencies which your wallet can accept.
Again, use Uniswap.
If you want to save ETH gas fee, you may wish to change all SLP to ETH at once. Keep some of them in your wallet for next time.
5. Send your cryptocurrency from Metamask wallet to your exchange wallet (such as, Coin.ph or Coinbase etc)
I hope you can cash out your SLP easier.
