UPDATE 09/2021:
(1) Go to your spot wallet in Binance and look for AXS or SLP.
(2) Select the network “Ronin” network and have the “0x” from your address replaced with “ronin:” (make sure to remember including “:” in the input.) It will show this notice:
(3) Have the address copied to your Ronin wallet and then wait for several minutes until it gets reflected in your spot wallet account in Binance.
If the SLP “RON” network appears to be suspended temporarily on Binance, it would be better if you could use any of the alternative networks until it fully works.
How You Can Withdraw SLP and AXS from Binance and Deposit to Ronin in Axie Infinity?
- Go to Binance and check out the Withdraw (SLP or AXS) page.
- When you get to the Withdraw page, select the network Ronin.
- Have your Ronin Address pasted but have “ronin:” replaced with “0x.”
For this, the network fee is 0.005 AXS. When it comes to SLP, 1 SLP is the network fee.
Make sure to check out the latest updates on Axie Infinity and Binance.
How to Sell SLP to PHP using Binance P2P
Whether you’re interested in peer to peer trading or you’re simply looking for a method to cash out your SLP in an easy, fast and secure way without paying fees, Binance P2P is the fastest and most convenient option. To start trading SLP on Binance P2P, you first need to:
- Log in to your Binance account. If you are not a Binance user yet, register for free in minutes.
- Complete identity verification and add at least one payment method to your account (link a bank account, credit/debit card etc.) to start using Binance P2P.
Here is a step by step guide that helps you transfer your in-game SLP to Binance P2P and cash out to PHP.
1. Transfer your SLP to Binance
- On the Axie Infinity account dashboard, sync your SLP
- Go to https://bridge.axieinfinity.com and transfer your SLP from Ronin to MetaMask.
- Transfer the SLP from MetaMask to your Binance SLP Address. Read this short article about how to deposit crypto on Binance.
2. Sell your SLP to PHP
- Now that your SLP is on Binance P2P wallet, transfer it to your P2P wallet
- On Binance P2P, select the sell tab and choose PHP and SLP.
- Take a look at the seller profile (completion rate, feedback from other traders, number of orders) and select the profile that fits your need. Read this article on how to choose the best Binance P2P offer.
- Open a trade and chat with the counterparty. The buyer will send the money to your bank account, using the payment method you added before.
Conclusion
You are now equipped with all the tools you need to cash out your SLP earnings from Axie Infinity on Binance P2P and make additional income from playing a video game! For more information on Binance P2P, including to get started, read the following articles:
- (Academy) How to Deposit on Binance
- (Support) How to transfer assets from Spot wallet to P2P Wallet?
- (Support) How to sell cryptocurrencies on Binance P2P?
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:
1) GCash
2) PayMaya
3) UnionBank