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From CUB to Cash: Cashing out some Farming Profits

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@captainklaus
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I was curious about how to turn the insane CUB farming profits into Fiat. I will hodl most of the CUB, but I also wanted to open the pathway to cash :)

It took some creativity, but in the end it was not that complicated:

First I swapped CUB for LTC (https://exchange.cubdefi.com). Easy. BUT: I could not get Metamask to show me the LTC. It did show in 'Balance' on the exchange.cubdefi.com though.

Here's my workaround, but maybe somebody can provide a more elegant solution: I went back to https://exchange.cubdefi.com and initiated a swap from LTC to CUB. After clicking 'swap', I 'approved' LTC for Metamask and confirmed this in Metamask. After that, I did not continue with the swap (just closed the window), but I had the LTC in my Metamask BSC wallet.

From there I tried to send it to my Bitpanda (http://bitpanda.com) LTC wallet, but Metamask did not accept it. So I sent it to my Binance LTC wallet, and from there to my Bitpanda LTC wallet.

I was positively surprised about how much value arrived/how little fees it cost. Here are the numbers:

I sent 100 CUB at 4,61$/CUB at the time of sending = 461$ In my Bitpanda wallet I received 447$.

Not bad!

Tomorrow I'll see if I can cash out at an ATM using my credit card. I do not expect this to be cheap though...

I guess there are simpler ways (Binance bridge maybe, which I do not understand yet), so anybody in the know, please drop a comment.

Enjoy your CUB!

Captain Klaus

Posted Using LeoFinance Beta