Having a good buying guide to purchase SLP and transfer it to our Ronin account is a good way to make the process fast and secure. That's why we decided to make this buying guide, so you can buy your SLP fast from Binance.
In this article you will learn about all the steps you must follow to successfully purchase SLP. What accounts do you need to have, what currency can you buy with, is the purchase process secure and other doubts you may have, will be solved here. Let's start
What do we need to buy SLP on Binance?
First of all, we must log in to our Binance account, if you have not created one, register, it is a fairly simple process and does not take much time. You must verify all your information and take all the corresponding security measures for each transaction. After create your accountyou will already be active to start buy ETH or BTC, this will be the crypto we will exchange for the SLP. to make the process easier.
The first thing to do is to enter the marketplace inside Binance and search for BTC or ETH sellers that receive our payment method. This can be bank transfer, credit card payments, PayPal and other platforms. There is a filter to find the ones that adapt to our case.
The purchase process is also simpleOnce you have chosen the seller, you proceed to follow the instructions he mentions and that's it. In a few minutes you will have the cryptocurrency inside your Binance wallet. With the asset available, we can start exchanging it for SLP or AXS for Axie Infinity.
Remember that for the purchase process you must verify the seller's reputation and identity. Although Binance is the safest exchange available today, you can be a victim of fraud if you do not contact reputable sellers. At the end of this process, the cryptocurrency you purchased should appear in the Spot wallet. Now we can proceed with the SLP procurement at Binance.
How to exchange cryptocurrencies to SLP on Binance
For exchange your ETH or BTC you previously purchased with your local currency, to SLPyou must follow a simple process. We are going to detail you two ways to do it and you will decide which one you like the most. Let's start with the first way.
First of all, we must be logged into the Binance account where we have our assets. Now follow the next steps.
- On Binance's home page, you must locate the "Wallet"Click here.
- A submenu will open, here we must select "...".Spot Wallet"which is where all our cryptocurrencies are stored.
- Within the Spot account we will see the total balance of our cryptocurrencies and the detail for each one of them.
- Here we must search or select BTC or ETH, depending on which cryptocurrency you want to exchange for SLP.
- On the right hand side you will see several options, one of them is "Trade"We have to click on it.
- You will be directed to a page with charts, stock prices, cryptocurrencies, movements and many other functions.
In this part it is very important to see the part on the left, where we are shown the current supply and demand for cryptocurrency (SLP). In the red section we have the people who are selling SLP, with how much quantity and the price of it. Meanwhile, in the green section we will see the people who want to buy SLP, what quantity and what price they are willing to pay.
This will be essential for decide what price we should bid for the SLP depending on the amount we want. We can take an easy reference from this section and avoid falling into generic prices that can make us pay an extra cost for the cryptocurrency.
If you want to buy fast the SLP, put at the price it is selling forto the limit. Your purchase order will be taken very quickly. But, if you want to buy it a little cheaper, you must wait a little longer, because the sellers must analyze your offer to decide to sell it at a lower price. You can do this if your purchase will be very large, as the total savings would be 1 or 2 cents, a number that would only affect a fairly large amount.
- Taking into account the previous clarifications, we must enter in the area of "BuyThe "green" button in the central part of the screen is highlighted in green.
- Enter in the first field the number of ETH or BTC By doing this we will be shown an approximation of how much SLP you will be able to buy with that.
- You can also manually enter the amount of SLP you want to purchase and the amount to be exchanged will be displayed.
- Select the price at which you will be paying the SLP depending on the quantity and click on "Buy".
- After doing this, your purchase order will be inside the Binance market and it will be a matter of seconds (if you are buying at a good price) or a long time if your offer is below the price.
And that's it, you would already have your SLP's inside your Spot wallet ready for use.
This way is to shorten the whole process before entering the Trading page, and you get to the same place. But the instructions at the moment of trading are the same as the #1 method.
Log in to Google and type in the search bar "BTC SLP Binance"or replace BTC with the abbreviation of the cryptocurrency you want to exchange for SLP. This must be done if you are logged into your Binance account that has a balance available in that cryptocurrency.
When the results appear, click on the first one that appears and that's it. We will have already entered the Trading page provided by Binance.
How to move Binance SLP to MetaMask
Once we have purchased the SLP, it will be time for us to transfer it to our MetaMask account and then to Ronin Wallet. This process is quite simple and can be done as follows:
- Login to your Spot wallet and locate the SLP within the list of cryptocurrencies available to you.
- On the right side of this cryptocurrency, you will see the option to "Withdraw"Click on this button.
- Enter the amount to be withdrawn in the fields provided.
- We paste our MetaMask address, and very careful here, we click that the transfer network is ERC-20. If you put another one, it is very likely that your SLP will be lost in the network.
- We confirm all the data and proceed with the withdrawal to our MetaMask account.
Depending on the time of day, you will be charged a higher or lower commission, this also depends on the speed of the network. Commissions range from 5$ to 10$, and are charged in the same cryptocurrency you are transferring. After a few minutes, we should have the SLPs in our MetaMask account, now you must follow the next steps to transfer them to your Axie Infinity account.
Transferring SLP from MetaMask to Axie Infinity
This process is quite shortIn this article, we will go through the steps to successfully transfer from our MetaMask account to Ronin wallet and see the balance in our Axie Infinity account.
- We enter the official Axie Infinity web site and click on "Bridge"at the top of the screen.
- In the Deposit option, select the wallet you are going to deposit from, the amount and click on continue.
- We will be asked to sign a digital contract in MetaMask and that's it, we will soon have the SLPs in our Axie Infinity account.
Commissions in this case are paid in ETH, so you should have some ETH in your wallet.