How to Sell SLP to PHP using Binance P2P
1) Ronin Account
2) Metamask Account
3) Binance Account
4) SLP Token should be present on your Metamask account, if not you should add it first.
Note: Time for the assets to be cleared from one account to another depends on how much gas fee you spend on every transaction.
Gas Fee – There are no fixed gas fees. Sometimes it’s high, sometimes it’s low. You can check the price of Gas fee at axie.live. I suggest you have at least a $30 ceiling for gas fees.
Make sure you have at least $30 worth of ETH on your Metamask account because this is where all the gas fees get deducted.
Now for the Steps:
Step 1: Log in to your ronin wallet and metamask wallet thru browser extension.
Step 2: Log in to Axie Infinity Marketplace. PLEASE ALWAYS CHECK THE LINK. (https://marketplace.axieinfinity.com/)
Step 3: Click “My Account”, Click “Claim Tokens”, then Claim your SLP. This step takes time so when you claim so please do not refresh your browser until you see the SLP on your Ronin Wallet browser extension.
Step 4: Once your SLP appears on your Ronin Wallet browser extension, Go back to “My Account” then click “Ronin Withdrawal”. It will open up the Ronin Bridge.
Step 5: There are 3 Text Boxes where you can type in.
Box 1: Etherium Address – This is where you will paste your METAMASK address.
Box 2: ASSET – This is where you will select if you will transfer AXS or SLP. So select SLP.
Box 3: Amount – This is where you will type how much SLP are you going to transfer.
IMPORTANT: Before clicking on the “NEXT” button, make sure you have at least $30 worth of ETH on your METAMASK account and I advise you to select the fastest gas fee on all your transactions.
IMPORTANT: Make sure you already added SLP Token on your Metamask Wallet, if not you have to manually add it first by going to:
(https://www.coingecko.com/en/coins/smooth-love-potion) You should see the Metamask icon under the “Contract” field, just click that and it will automatically add SLP as one of your tokens.
Step 6: Check your METAMASK Wallet browser extension if the SLP is already added. If you see your SLP then you are good to go.
Step 7: Go to Binance and log in to your account. After logging in, click “Wallet” then select “Overview”.
Step 8: On the overview screen, click “Deposit” Then select Crypto Deposit.
Step 9: You will see a “Coin” text box on the next screen, just search for SLP. Select SLP and NOT SLPOLD.
Step 10: You will see a warning box and just click OK. Do not change anything on the screen. Copy your Binance Address
Step 11: Open your Metamask Wallet browser extension, make sure you are on Etherium Mainnet then click the “Send” button. Then paste your Binance address on the text box.
Step 12: You will see 2 text boxes and the gas fee involved in this transaction.
Box 1: Asset – Select your SLP Asset
Box 2: Amount – Click max (some suggests leaving at least 1slp for a smooth transaction)
Gas Fee: I advise select the “fastest” and make sure you have at least $30 ETH on your Metamask Wallet so you won’t encounter any issues.
Step 13: After setting everything up just click next to proceed with the transaction.
Step 14: If successful, you will find your SLP under P2P assets and from here you can now sell it to Binance.
How To Sell SLP to Binance
Step 1: Go to Trade, select P2P.
Step 2: Select “SELL” then select “SLP” Then change the currency to “PHP”
Step 3: From the set of buyers, select who you want to sell your SLP to. Then click “Sell SLP”
Step 4: There will be 2 text boxes
Box 1: I want to sell – This is where you will type how many SLP you wanted to sell
Box 2: Auto-Generated – This is how much you will receive
Step 4: Select Payment Method. Either bank transfer, Unionbank or Gcash.
Notable Cash Out Options for SLP in the Philippines
The following are the usual cash out options not just for SLP sale but also for crypto sale on the P2P platform: