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How to exchange Axie Infinity’s SLP-via Binance-

SLP cashing

This article explains how to claimSLP you get at Axie Infinity via Binance .

The flow of currencies introduced in this article is shown in the figure below.

Steps to make cash from SLP

As of November 16, 2021, we recommend the method in this article as the method of converting to fiat currencies with the lowest gas fee.

Screenshots of the actual operation screen are explained in an easy-to-understand manner so that even first-time users can do it.

The reason why this article recommends an overseas cryptocurrency exchange called Binance is
This is because you can only need $0.25 for the gas (remittance) fee if you use a virtual currency called Ripple (XRP).

Binance remittance fee (converted at the market price on November 16)

BTC (Bitcoin) = 0.0005BTC
ETH (Ethereum) = 0.005ETH
USDT (tether) = 24UST
XRP (ripple coin) = 0.25XRP

akarui
従来のMetaMask経由の場合は送金だけで6,000円以上かかります。

The traditional main method is
① Send SLP to MetaMask
② Swap [SLP⇔ETH] with MetaMask
③ Send ETH to the exchange.
④ Trade to [ETH⇔Fiat curency(USD,JPY, etc)]

Since MetaMask has a high gas fee and the amount of ETH is soaring, it costs more than $52.3 even if you devise a cheap price just by remittance.

How to redeem SLP earned with Axie Infinity

The reason why a new and cheap method was created is
This is because the [SLP remittance fee is 1-2 SLP] between Ronin Wallet and Binance around September 2021.

It may seem difficult because there are a lot of screenshot images, but you can complete the process in about 30 minutes to 1 hour even if it is your first time.

Please proceed while operating with reference to the image on your personal computer.

TOC

Move in-game SLP to Ronin Wallet

筆者 akarui
まずはゲーム内に貯まっているSLPを自分のRonin Walletに移動する必要があります。
STEP
「My account」をクリック

Display the MarketPlace dashboard screen and click the ” My account ” button in the upper right.

SLP cashing
STEP
「Claim Tokens」をクリック

The My account screen will be displayed, so click ” Claim Tokens “.

STEP
「Claim SLP」をクリック

Click Claim SLP.
* Claim cannot be used for 14 days after starting the game, or until 14 days have passed since the last claim.

SLP cashing
STEP
「Claim SLP now」をクリック

Click ” Claim SLP now “.

STEP
「Confirm」をクリック

The final confirmation screen for Ronin Wallet will be displayed. Click ” Confirm “.

akarui
Roninの手数料は1日100回まで無料!
SLP cashing

The in-game SLP is now credited to Ronin Wallet.

Send Ronin Wallet SLP to Binance

Axie SLP Monetization 2

Next, we will send the SLP in Ronin Wallet to Binance.
(* A gas fee will be charged in this process.)

In the Ronin Wallet[SLP] First of all, it is necessary for Binance to prepare to receive it.

akarui
Binanceというのは海外にある大手仮想通貨取引所です。

Fees are low, and despite the service being based overseas, it is easy to use in Japanese!

If you haven’t opened Binance yet, please open it first.

Click here for the official Binance page >>

Let’s operate from the Binance site first.
(The layout differs depending on the width of the screen, so please adjust it to match the screenshot.)

STEP
STEP
STEP
プロフィールボタンをクリック

From the TOP page, click the profile button .

STEP
[ウォレット] [フィアットと現物]をクリック

Click Wallet and
Click Fiat and In-kind .

Withdraw SLP with Binance
STEP
slp を検索

Select the type of virtual currency to deposit here.
Search for slp from the coin search location.

Withdraw SLP with Binance
STEP
[入金]をクリック

When the SLP is displayed, click [ Deposit ].

Withdraw SLP with Binance
STEP
[slp]を選択し→[ネットワーク]をクリック

Select [ slp ] at the top and select
Click Network at the bottom.

STEP
[RON]を選択 

The screen will change to the network selection screen, so
Select [ RON ] here.

Withdraw SLP with Binance
STEP
[OK]をクリック

A note will be displayed, so click [ OK ].

Withdraw SLP with Binance
STEP
アドレスをコピー
akarui
入金用のアドレスが作成できました。

Check the following again and copy the address.
① Currency is [SLP]
② The network is [RON]
③ The beginning of the address is [ronin:]

* The beginning of the address is[ronin] If not, please note that you will need to change it manually after this.

Withdraw SLP with Binance
STEP
[Send]をクリック

Next, we will send the SLP in Ronin Wallet to Binance.

Open Ronin Wallet and click Send .

Withdraw SLP with Binance
STEP
送金先の入力

Because the screen changes,
・ Remittance destination
・ Type of money
・ Quantity to send
Fill in.

Withdraw SLP with Binance
STEP
アドレスを入力

For the remittance destination, enter the address created and copied by Binance earlier.
* If the address starts with “0x”, replace it with “ronin”.

Withdraw SLP with Binance
STEP
[Confirm]をクリック

This is a confirmation screen.
If there is no problem, click [ Confirm ].

Withdraw SLP with Binance

The process of sending SLP in Ronin to Binance is complete.
You can see the history by scrolling down the screen.

Withdraw SLP with Binance
akarui
お疲れ様でした。

The future is
[How to convert SLP to Japanese Yen] is explained.

Make Binance SLP Japanese Yen

Axie SLP Monetization 3

Next, convert the SLP deposited in Binance to XRP (ripple coin).

If you want to convert to Japanese Yen anyway, you can use Bitcoin or Ethereum as SLP here.
It is okay if you convert it to a famous virtual currency such as those handled by domestic virtual currency exchanges.

akarui
この記事で[XRP]にする理由は送金手数料が断然安いためです。

Binance remittance fee (converted at the market price on November 16)

BTC (Bitcoin) = 0.0005BTC
ETH (Ethereum) = 0.005ETH
USDT (tether) = 24UST
XRP (ripple coin) = 0.25XRP

From here, I will explain how to convert SLP to XRP [convert / exchange] most easily.
* There is no conversion fee, but there is a possibility that the transaction will be at a higher price than the market price.

It’s an important money story, so supplement it!
Binance cannot trade directly with SLP⇔XRP.
It cannot be converted to XRP without going through other currencies such as SLP → USDT → XRP, SLP → ETH → XRP.
Therefore, it takes time and trading fees are charged.
With these two in mind, this article is proceeding with an easy conversion.

Let’s convert!

STEP
メニューボタンをクリック

Click the Binance menu button .

Withdraw SLP with Binance
STEP
[トレード][コンバート]をクリック

Click [ Trade ] and then [ Convert ].
Converting is currency exchange.

STEP
通貨の設定をする

Change the exchange settings.
As shown in the image, the upper row is SLP ,
Set the bottom row to XRP .

Withdraw SLP with Binance
STEP
数量の入力

After setting the currency , enter the quantity to be exchanged.
(1000SLP in the image)
After setting the quantity, click [ Conversion Preview ].

Withdraw SLP with Binance
STEP
[コンバート]をクリック

The confirmation screen will be displayed.
If there is no problem, click [ Convert ].
* Press this button to complete the exchange.

Withdraw SLP with Binance
STEP
完了画面

The exchange process is complete.
Click the back button.

Withdraw SLP with Binance

Convert XRP in Binance to Japanese Yen

Next, we will convert the XRP (ripple coin) in Binance to Japanese yen.

Since Binance cannot convert to Japanese Yen, we will send the money to an exchange that can convert Japanese Yen to XRP.
As I explained at the beginning, the reason for choosing XRP is that the remittance fee is low .

In this article, we will proceed with the processing at the [Coincheck Exchange], which is popular among Janaese exchanges.
(If you handle XRP, you can use any cryptocurrency trade.)

First of all, preparations are required on the coin check side to send XRP.

STEP
コインチェックにログイン

Log in to Coincheck.
( https://coincheck.com/ja/ )

Withdraw SLP with Binance
STEP
[コイン受取]をクリック

Slide down the left sidebar and click Receive Coins .

Withdraw SLP with Binance
STEP
[Ripple]をクリック

The screen will change, so select the currency you want to receive.
Click [ Ripple ].

Withdraw SLP with Binance
STEP
アドレス作成

Click the [ Create Address ] text in the middle of the screen.

STEP
アドレスをコピーする

Click to create and display the address, so copy it.

Withdraw SLP with Binance
STEP
プロフィールボタンをクリック

Next, we will proceed with the remittance process on the Binance side.
Click the profile button from the TOP page.

Withdraw SLP with Binance
STEP
[ウォレット][ウォレット概要]をクリック

Then click Wallet
Click Wallet Overview .

Withdraw SLP with Binance
STEP
]をクリック

Click Withdrawal at the top of the screen.

Withdraw SLP with Binance
STEP
[仮想通貨]をクリック

Click [ Virtual Currency ].
(This screen may not appear.)

Withdraw SLP with Binance
STEP
送金先を入力

Set the remittance currency to XRP (ripple coin) and
Enter the remittance destination at the bottom.

Withdraw SLP with Binance

Remittance destination = the address created by Coincheck earlier.

STEP
MEMO欄の入力

In addition, enter the number written on the [Destination Tag] of Coincheck in the MEMO column .

akarui
この画面の作業はとても重要なので慎重に確認してください。

・ Currency is XRP
・ Address leakage
・ Network is XRP
・ Destination tag number
・ Confirmation of remittance amount

After confirming the above, click [ Withdrawal ].

Withdraw SLP with Binance
STEP
最終確認画面

“Can I cancel after processing?”
“Is there any mistake in the input?”
It is the final confirmation screen such as.
If there are no problems, click [ Next ].

Withdraw SLP with Binance
STEP
[提出]をクリック

This is the last security to withdraw.
・ Email authentication
・ Smartphone code authentication
・ Two-step verification
After completing each, click [ Submit ].
* Once submitted, it cannot be canceled.

Withdraw SLP with Binance
STEP
[完了]をクリック

This completes the remittance procedure.
Click Finish .

Withdraw SLP with Binance

The screen will return, so you can scroll down to see the history.
Processing is in progress while the yellow letters appear.

Withdraw SLP with Binance

Remittance is complete when yellow turns green.

Once the remittance process is complete, you can convert it to Japanese Yen with a coin check!

Withdraw SLP with Binance

Make Japanese Yen with Coincheck

Axie SLP Monetization 4

It’s almost time to monetize!

STEP
サイドバーを下にスライド

Open the TOP page of Coincheck and
Slide the left sidebar down.

Withdraw SLP with Binance
STEP
[XRP]をクリック

Click the sales office (sale) in the sidebar to change the screen.
Because it is a screen to select the type of virtual currency to sell
[XRP]Click .

Withdraw SLP with Binance
STEP
数量を指定

Since you can set the quantity, specify the quantity you want to make into Japanese Yen .
Since the market price is constantly changing, the amount changes every few seconds.

Be careful not to accidentally click on it as it will be sold as soon as you press the button.

This completes the process of converting the SLP in Ronin into Japanese Yen.
Finally, I was able to make the [1000SLP] drawn from the Ronin Wallet for $59.

akarui
かなり手数料を抑えて日本円にする事ができましたね!

Reconfirm how much the fee was charged

Let’s see how cheap it was just to take the trouble of exchanging to XRP with Binance.
The screenshot I had just before this cashing work was 1SLP = $0.06.

Withdraw SLP with Binance

[Ideal for cashing work is $62]
When exchanging 1000SLP for XRP, the assets are probably slightly reduced, but I will omit it here.

Since I use 0.25XRP for remittance from Binance to domestic transactions, about [$0.3] in conversion,
$62-$0.3 yen = $61.7
Is this number the amount before converting to Japanese yen on domestic exchanges?

The Japanese yen that was finally redeemed at hand
Because it’s $59
There is a 4.9% fee for coin check.

Assuming that the assets reduced by the cashing method in this article are [4.9%]
If you redeem $100 worth of SLP, it will be $95
If you redeem $1,000 worth of SLP, it will be $905
If you redeem $1 million worth of SLP, it will be $9510.
If you redeem $10 million worth of SLP, it will be $9.51 million yen.

Especially in the case of large transactions, the amount will be greatly reduced, so
It’s better to use GMO Coin, which has a low fee, instead of Coincheck.
* Coincheck is recommended because it is easy for anyone.


Image quote from GMO Coin

akarui
今度GMOコインでの方法も紹介します(汗

Click here for the official website of GMO Coin>>

* Since the market price of [SLP⇔XRP] and [XRP⇔Japanese Yen] is constantly changing, we do not promise to monetize with the same fee as I do this time.

How to exchange fiat currency with Katana

Since katana -DEX- has been released, the following methods are also possible.

Swap from SLP to ETH with katana. ETH to fiat currency you want on the exchange ]
Even with this method, you can smoothly convert to the fiat currency
ETH has a high gas fee (fee), so you will have to pay for that amount. (Estimated ~$100)

If you want to keep it as ETH without converting it to fiat currency, it is easiest to swap [SLP⇔ETH] with katana.

If you want to exchange fiat currency,
After all, it is better to convert to XRP with Binance and then to Japanese yen at domestic exchanges.

If you want to cash out your SLP, come see this article again!

akarui
最後までご拝読ありがとうございました!

Last but not least, we’re always keeping up with the latest information on Axie Infinity and blockchain games, so if you’d like, follow us on our Twitter account.
If you have any questions or requests, please skip the reply on Twitter and we will read it. Thank you for your cooperation.

twitter.com/akarui_2020

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