There are multiple ways to withdraw DEC from Splinterlands. In this post, I will guide you on how to withdraw DEC from Splinterlands to your PH bank or e-wallet.
Splinterlands > Hive > Tribaldex > Binance > Your Bank or e-wallet
Pre-requisite:
- Splinterlands account with keys
- Hive Keychain
- Verified Binance account
- Philippines Bank account or e-wallet (Other countries where Binance operates may also have similar options)
Step 1) Click on DEC from Splinterlands. You will land on a similar screen below. Input the amount of DEC that you want to withdraw, select Hive Engine Wallet then Transfer out. Hive Keychain will then pop up for you to approve the transaction.
Step 2) Go to https://tribaldex.com/. Log in using your Splinterlands account.
Go to the Pool Tab > Swap: Select DEC and SWAP.HIVE
Step 3) Go to your Hive Keychain > Tokens. Here you should see the swap.hive token.
Step 4) Transfer the swap.hive to leodex. This will have 0.25% transaction fee, much cheaper than 1% withdrawal fee from hive-engine/tribaldex
In this example, I have sent 1.3 swap.hive to leodex and received 1.927 Hive
Step 5) Go to Binance > Wallet > Fiat and Spot. Then select Deposit > Choose Coin Hive > Network Hive: Get the address name and memo. Note that you need both address and memo to transfer the fund correctly to your Binance account. This is free of charge.
Sample image
Step 6) Once You have deposited the Hive to your Binance account, trade Hive to USDT then sell USDT via P2P, this way you could choose to be paid via Gcash, Coinsph, BDO, BPI etc.
If your Binance account is not verified, then you may opt to trade USDT to XRP then send XRP to your coinsph account. You may then exchange XRP to PHP encash it or transfer to your other account.
In my next article, I will write a guide on how to withdraw using Binance Smart Chain Network.