Converting Your LOOP Tokens into Cash

in Project HOPE4 years ago

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Everyone!!! I hope you are having a great time over there? It's really nice to see you visit my blog today and I must say I'm really happy to have a great personality like you visiting my blog today 😊. Thank you once again 💕

I already made my promise to some of my followers most especially those in Nigeria having difficulties to convert their LOOP tokens into Nigerian Naira cash. I understand the fact that there are times we may be in dire need of money and you may be left with no choice other than just selling some or part of your assets (cryptos) just to meet up with your needs even though i sometimes don't advice people to sell off their tokens most especially when you are running at loss.

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Always remember the word of Cz Binance who once stated that "if you can't hodl, you won't be rich". The same applies for all cryptocurrencies with good prospects but you may be left with no choice other than to sell such good coins for cash just to fulfil some necessary obligations or tasks.

My content today will be majorly focused on how you can convert your LOOP tokens into your local cash, i mean you will automatically receive your money into your local bank account and then you can make use of your cash to sort out your expenses as required. I will try to make this very explicit and easy as much as possible for easy understanding. Without wasting much time, let's get down to business.

Required Steps to Convert your LOOP Tokens into Cash

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In this tutorial, I will be making use of Terra Wallet. I will advice that you hold your LOOP tokens in your Terra Station mobile wallet for easy and fast transaction.

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As you can see from the screenshot above, I have 200 LOOP tokens which I want to convert into cash.

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  • The next step is to visit https://dex.loop.markets on your mobile browser. I suggest you copy and paste the web address or link as seen here and paste into your web browser to access Loop Dex.

You will definitely see an interface just like this as shown in the above screenshot and then you are to click on the toggle bar to access other features of the DEX.

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  • The next step is to connect your Terra wallet with LOOP DEX by clicking on the connect button via LOOP DEX as seen in the above screenshot.

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  • Click on connect mobile Wallet to access or open your Terra Station wallet wallet as seen above.

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  • Click on the allow button to authorize the connection

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  • As you can see I now have my wallet connected to LOOP DEX.

The next step is to go back to LOOP DEX via your mobile browser and access the swapping option. You can decide to swap your LOOP tokens to any coins you love but I will advise that you swap your LOOP tokens to coins listed on the crypto exchange you intend to use and in this case I suggest you make use of coins like LUNA and UST. As for the crypto exchange to use i suggest you make use of your verified Binance account to ease the transaction process.

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  • Click on swap button to convert your LOOP tokens to available token pair.

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As you can see you can convert from LOOP to UST but I personally prefer making use of LUNA. So I'm going to be using LUNA for the conversion process.

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  • Select the amount of LOOP tokens you intend to convert to LUNA but in this case I'm converting my whole 200 LOOP tokens into LUNA, then after that you click on the swap button.

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  • Click on the sign button to proceed and confirm the transaction process and remember it will cost you little amount of UST as seen from the above screenshot.

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  • This implies that your transaction was successful.

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  • As you can see I now have my LOOP converted into LUNA which now makes it more easier for me to withdraw into my Binance account for funding.

The next step is to open my Binance app and generate my deposit address for easy withdrawal from Terra Station.

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  • Open your Binance app and click on the deposit button as shown above.

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  • Search for LUNA and click on LUNA since that's the coin we intend to deposit on Binance.

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  • Select Terra blockchain/explorer as seen above

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  • Generate your LUNA (terra) wallet deposit wallet address by copying your receiving address as shown above. Copy the one starting from terraxxxxxxxxx as shown in your Binance account.

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  • The next step is to go back to your Terra Station mobile wallet and click on Luna as seen in the above screenshot.

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  • Paste your receiving/deposit wallet address generated from Binance inside your Terra Station wallet and also remember to fill in your unique memo just as it's done above.

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  • Ensure you've inputed the correct details and then click on confirm to process the transaction.

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Processing transaction

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  • Boom!! Within 2 - 10 mins you have your LUNA deposited into your Binance account.

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  • As you can see I now have my LUNA tokens deposited into my Binance account.

I'm quite sure almost everyone of us can now proceed with the remaining process to earn your cash but if you are extremely new to the system i suggest you visit Binance academy and also the below links can be helpful when it comes to using Binance p2p.

https://p2p.binance.com/en?fiat=CNY&payment=ALL

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  • As you can see I've just gotten my credit alert in my bank account and I guess you know what that means 😀

I guess you are now able to learn how you can easily convert your LOOP tokens into cash. Feel free to ask questions via the comment section if you don't understand some part of the process.

Thank You for your time and I hope you have a great day ahead with love from @hardaeborla
💕❤️💕❤️💕

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Hi @hardaeborla thanks for the demonstrative information, it is always convenient to know more and more about the world and the operation with tokens, very explanatory your publication thanks for publishing that you have much success, greetings.

Greetings @aplausos 💕❤️

thanks for the demonstrative information, it is always convenient to know more and more about the world and the operation with tokens, very explanatory your publication thanks for publishing that you have much success, greetings.

I'm really glad you found this helpful and I must say I really appreciate your lovely words and kind gestures. Thank you once again for your lovely comment with love from @hardaeborla and I hope you have a great day ahead ❤️💕❤️

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