 | I recently followed a guide on here to cash out my moons. The suggested website charged 0.6% in fees. The cost was a whopping .6ETH. I also found that the guide while saying noob friendly wasn't very noob friendly at all.. so I have edited it and added in some extra information steps. Some of the content is from the original post. Hope it helps some of you guys :) First thing first: I don't recommend selling Moons! > Pro Tip: There is currently a rule that you must keep 75% of your earned Moons to avoid earning less on the next Moon distributions. So if you have 2000 Moons, don't sell more than 500 unless you're fine with smaller distributions in the future. for more information on moons, always check the official wiki: https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki/ Step 1: Get your reddit vault phrase: Vault -> Settings -> Recovery Phrase Never share this with anyone, ever! If a scammer has it, they'll steal your Moons. What you want to do is copy the passhrase NOT THE MNEMONIC phrase. Under the twelve words you will see it. It starts with 0x Step 2. Install MetaMask Install MetaMask from https://metamask.io/download/. Click "Import Wallet" (not "create new wallet") and paste your phrase from step 1 there. Now you control your Reddit vault address through a MetaMask wallet. Step 3: Add the correct chain Reddit moons are on the Arbitrum Nova chain. You can add that to meta mask by going here: https://chainlist.org/?search=nova and clicking Add to MetaMask Step 4: Get ETH gas for free Go to r/CryptoCurrencyMoons and comment "!gas nova" on any post. This will give you a small amount of Ethereum - sufficient to pay for transaction fees for what we're about to do. Step 5. Swap Moons to Ether on SushiSwap Go to https://www.sushi.com/swap and select the network Arbitrum Nova in the top right corner. Select MOON and ETH and enter the number of Moons you want to sell. Click swap, and you'll get that much ETH in your wallet. Step 6. Bridge your ETH to Arbitrum One Most exchanges only allow deposits from Arbitrum One and not Arbitrum Nova (where the Moons are). So in this step, you'll bridge your ETH from Arbitrum Nova to Arbitrum One. Go to https://app.hop.exchange/ (This is the one recommended by the official Arbitrum website) and do the following (DO NOT USE orbiter.finance as the fees were too high) :
At the end of this step, you will have ETH on Arbitrum One, ready to be sent to your exchange. Step 7: Send the ETH to your CEX (centralized exchange) You're probably using one of Kraken, Binance, Coinbase, etc. The process is the same for all. Click deposit and select ETH. Make sure that the network is Arbitrum One and not Ethereum. Copy the address (format "0x...") and open MetaMask. In MetaMask, just click Send, paste the address and select "max" to send all the ETH. Confirm the transaction and you're done. Congrats! You made money by shitposting! ???? [link] [comments] |
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