Axie Infinity | Best Way to Convert SLP to ETH | MetaMask vs Uniswap vs Binance
Вставка
- Опубліковано 15 вер 2024
- Earning SLP (Smooth Love Potion) on Axie Infinity has CHANGED peoples lives! But what is the best way convert SLP to ETH without too many fees? Due to high volume of requests, MetaMask swap was added as comparator to Uniswap and Binance. Check out my video to find out which has lowest fees!
I compare three common methods to converting SLP to ETH.
- Uniswap
- Binance
- MetaMask
I made a fee graph which you can access here (updated):
www.desmos.com...
(refer to video for basic instructions on how to use it 00:04:56)
Subscribe here⮕tinyurl.com/2k...
Timestamps:
00:00:11 Introduction - Motivation Behind Todays Video
00:00:29 Skip Intro
00:00:36 Check Gas Prices on Etherscan
00:01:10 Claim SLP
00:01:23 Use Ronin Bridge to Transfer SLP to MetaMask
00:01:41 Warning - Don't Get SLP Stuck
00:02:07 Strategies to Reduce Gas Fees
00:02:31 Half Swap on MetaMask and Half Swap on Uniswap
00:02:38 Fee Details Uniswap and MetaMask
00:03:17 Swap 1000 SLP on Uniswap
00:03:45 Swap 1000 SLP on MetaMask
00:04:17 Reviewing Swap Details on Etherscan
00:06:55 Summary of MetaMask Swap and Uniswap
00:07:45 Shoutout to Flaminio
00:07:56 Graphical Comparison Uniswap vs MetaMask vs Binance
00:09:53 Summary
Please let me know if this video was helpful for you! I wish you the best. Please like my video and subscribe to my channel if you haven't already.
- Allan Ryan
Check out my playlist - How to CRYPTO | Guides for ALL experience levels: tinyurl.com/2j...
Subscribe here⮕tinyurl.com/2k...
Disclaimer:
*Some of the links that appear in this video are from companies which Allan Ryan will earn an affiliate commission or referral bonus. Allan Ryan is part of an affiliate network and receives compensation for sending traffic to partnered sites. The content in this video is accurate as of the posting date. Some offers may no longer be available. This video is not intended to be financial advice.
Filipino Fan here!!!Thank you for the Great Info!!!More Power!!!
Thanks, Manuel!!
Bro your knowledge is next level
Thank you! I hope you are well.
I just came here to buust n gauge ments. I love your integrity.
Thank you!!
Very informative. I never skip ads
I appreciate your dedication to my channel!! Thank you for your support!!
amazing, I'm a Brazilian fan, and I learn a lot from the channel, thank you!
I have some Brazilian friends down in Fortaleza, such a beautiful place to live!! Thank you for your support!!
Hey @AllanRyan thank you for doing this. I was actually approved for my personal loan and I plan to buy Axies soon. I wasn't verified thru binance and I found this video to compare how can I still get the SLP earnings.
This is great! I'm looking forward for more videos. 😁
I do not recommend taking out a personal loan for crypto, please be safe/careful!! Thank you for your support!!
nice content, very helpful comparing the exact prices. keep it up.
Thank you for your support!!
Great content man, keep it up! Subscribed.
Thank you for the support!! If you have anything you want me to cover, feel free to let me know! I learn so much from everyone here by the amazing questions/discussions we have :)
Thanks sir the content is very informative and helpful. I'm a new fan here.
Thank you for your support!!
hi there, appreciate your content. really informative and helpful.
I am happy to be here for you guys!! I learn more from the comments then I am able to share haha. Thank you for your support!!
Very well explained, very few do it on such topics, you deserve more subs man
I appreciate your kind words. Thank you for your support!!
@@AllanRyan Could you make a video on how to get SLP to binance using BEP20? would be really helpful to many
Binance Smart Chain (BSC) added SLP as BEP 20 token but it is not compatible with Ronin. It will be interesting if Axie implements a way to send SLP through Binance Smart Chain. When it becomes possible, I will certainly make a video on this!!
@@AllanRyan OK Thanks
@@AllanRyan Looks like it is possible come Sept 4th, binance has integrated ronin, hope you do a video on it. :)
How about utilising the binance smart chain that was newly integrated for SLP? Have you tried it? Could u show us a tutorial?
I love the idea!! There will be quite a few steps but this may be worth it to make a complete tutorial. Great idea!! If enough people request it I will make the video for you guys/gals :)
i thought this video was the new bsc method. i would to see the new bsc too..
@@AllanRyan Hey handsome allan it's worth it as long as you're the one who make the tutorial bro!
@@AllanRyan please do! BSC Network have really low fees and fast transaction
New subscriber here 😎 keep it up bro
Thank you, Ariel!! I appreciate the support!!
amazing, I'm a Iraq fan, and I learn a lot from the channel, thank you!
Thank you for your support!!
Thanks for the help!👍
Thank you for your support!!
i just subscribed #1000 congrats ! I have an account with coinbase.. can I just swap my slp to ETH on metamask then send to my coinbase account ? i like keep things easy ? or is it way too much
Yay!! Subscriber #1000, thank you so much!! I would recommend swapping your SLP to ETH on Uniswap to save some on fees. You can swap on MetaMask as well, but the fee is higher. Remember, that Uniswap is a Web 3.0 platform, so its about as easy as swapping on your MetaMask wallet.
Great content !
Thanks, Victor!!
Cool vids sir. cheers
Thank you!!
thank you for the video
You're welcome!! Thank you for your support!
Your slippage was set to .05% on Uniswap and 3% on Metamask, good video tho
That's a great point, Scott!! It would make a more fair example to make the slippages equivalent. The ending result would still indicate Uniswap is cheaper than MetaMask, but a fair point. Good catch!
@@AllanRyan Agreed Uni is cheaper. I tried your 21000 Gas Limit trick last night swapping USDC to ETH but kept getting failed transaction. So I just did the MM auto amount and got robbed 😁
Interesting!! Gas fees last appear to have been stable last night, it should have worked. To be clear, I hope you left the gas limit auto-populated. So if gas limit is listed at 31,597 then you must leave the gas limit at 31,597, do not change gas limit to 21,000. The only numbers we change are the max priority fee and max fee. If you give yourself a 10-20% buffer above the max fee listed on gasnow.org, transaction should confirm.
@@AllanRyan Oh ok, I was changing the Gas Limit fee because mine was like 260,000 so I was editing it to 21,000
Nice content bro
Thank you for your support!!
Thank you for your service good sir
Thank you for your support!!
can we swap SLP to ETH on ronin wallet? the gas fees on ronin to metamask and metamask to ronin is so high,.. can you make a video on this? thank you,..
Not yet. Axie Infinity is working on a Dex but it won't be coming out for a while. The best I can suggest for you is to keep a close eye on: axie.live/
nice video dude
Thank you!!
Thank youuuu
Happy you found it helpful!! :)
ADAX Better , Uniswap More or Leff
Thanks for the information, will check it out!
why is your gas fee only $29??? Mine is 129 even If I put only 1000 SLP , RIP
Gas fees fluctuate significantly in small time periods. Check out my latest video where you can avoid the gas fee entirely!! ua-cam.com/video/eQaFXWSXtQM/v-deo.html
Hello Sir Ryan
very informative video
Thank you for your support!! It means so much to me :)
@@AllanRyan welcome bro
LAMO "gas fees are pretty high right now 36$" I'm crying i wish it was that now has not dropped below 100$ for days now :'(
It's incredible. I thought they were high back then and now they are just outrageous. I simply can't recommend using the ethereum network at the current gas fees.
@@AllanRyan you are already lucky to have $36 gas fee. nowadays, gas fees are $100+.
Hi I make a mistake when I tried send SLP from bridge to binance. Now I have a pending request on metamask which I cant reject. And my slp are now frozen. I am afraid of that i will pay fee on metamask and it wont come to binance(that is adress i have entered). What shoul i do? Thanks man
Hey, V M! When you say that you made a mistake, do you mean that you sent to the wrong address? I would recommend reaching out to Axie for help in support on discord. I made a video on fixing stuck transactions but I don't know if that will help in this scenario because I am not sure how where the mistake originated from?
but now can straight withdraw slp to binance with the lower gas fees right?how was now ?which one is the best way
Overall, it depends on two main factors:
1. Gas prices
2. Amount of SLP swapped
Refer to this:
www.desmos.com/calculator/rxeifbfdua
Top line is Uniswap
Middle line Binance
Bottom line MetaMask (*never worth it to swap on MetaMask)
Let's consider some examples:
1. Swapping 20k SLP
Swapping on Binance would save you $33.15 compared to Uniswap, not to mention any gas fee it would cost you to send off Ronin to MetaMask.
2. Swapping 10k SLP
Swapping on Binance would save you $10.65 compared to Uniswap, not to mention any gas fee it would cost you to send off Ronin to MetaMask.
3. Swapping 1k SLP
Swapping on Binance would COST you $9.60 compared to using Uniswap. However, if you consider that paying gas fee of anywhere between 20-50$ to get off Ronin, Binance would be cheaper.
So essentially, if gas fees remain high it seems to make the most sense to swap on Binance with above information. Good luck!!
Hi sir im.the biggener and I'm her in Saudi Arabia how can I used my account to to buy axie or Tranfer my account ???thank you for you answer it 🙏
Hello, KitKat!! Welcome!! I recommend going to discord.gg/MethodtotheMythos and asking in the beginner help section. They are an amazing group and helpful at answering questions like these. Good luck!!
@@AllanRyan thanks you sir but I wish you give me a little advice 🙏thank you very much
Can you upload that graph in cloud for us to download? That would be greatly appreciate. ehhe
The link to the desmos file is in the description. Feel free to use it!!
May i know normally swab slp to eth in metamask will take how long？
Normally within minutes. It depends on ethereum network congestion and gas fees though.
So if i wanted to swap SLP to AXS, I have to send SLP from Ronin to my Metamask, then switch the SLP to AXS with Metamask/Uniswap, then send the AXS back to my ronin wallet?
If you have access to Binance.en then send SLP from Ronin to Binance (no fee), trade your SLP for AXS on Binance, then send your AXS back to your Ronin account (no fee). Then if you are long term AXS holder, stake your AXS: stake.axieinfinity.com/
If you do not have Binance access, then send SLP off Ronin to your MetaMask (gas fee), swap on Uniswap (swap fee), then send back to your Ronin account (gas fee) and then stake your AXS: stake.axieinfinity.com/
You need to check gasnow.org to make sure you aren't getting crushed by gas fees. Also, do not recommend unless you have saved large sum of SLP or gas fee low. Good luck!!
How about slp to weth going to ronin?
At this time, it is not possible to send WETH to ronin. The Axie Infinity team plans to roll out a DEX at some point which should solve this problem.
Where should i swap my 4000slp? Uniswap or binance or metamask?
Greater than 5200 SLP Binance, less than 5200 SLP Uniswap www.desmos.com/calculator/rxeifbfdua
Can i use metamask to convert slp and put it in coinbase?
Instead of using MetaMask to convert SLP you would reduce fees if you converted on Uniswap instead. I made a video on it: ua-cam.com/video/dkvq0VKkyTk/v-deo.html
Keep in my ETH gas fees are high so you want to check out etherscan.io/gastracker prior to making any transactions.
Can we transfer eth from ronin to meta mask ?
If yes, we need so have some eth on meta mask for the fees ?
Yes, you can transfer your WETH from your Ronin account back to MetaMask. However, Ronin is a side chain built on top of Ethereum. So at this time, in order to move assets from Ronin to MetaMask, it must go through Ronin bridge. The Ronin bridge is actually a middle man of sorts that accounts for your assets in Ronin and distributes equal assets to your Ethereum network. Any assets that come from Ronin are getting transferred from the L2 sidechain, back to the Ethereum network which will incur a gas fee. Given all ETH gets wrapped to WETH on Ronin, your asset must be unwrapped and placed back onto Ethereum network. I hope that helps to answer your question. Good luck!!
We pay the gas fees by eth on ronin or metamask ? Tks
We pay the ETH gas fees from the MetaMask account.
im still waiting sir
Check out my new video: ua-cam.com/video/gNZt-yVI4Ro/v-deo.html
@@AllanRyan I'm done sir it's easy to follow 😁
Can I also convert SLP to BNB using uniswap?
Not in the traditional sense. BNB is native to the Binance Smart Chain as a BEP 20 token, however it also exists as a BEP 2 and ERC 20 token. Uniswap is a Dex used to swap ERC 20 tokens on the Ethereum network. If you swap SLP on Uniswap, you will end up with a different ERC 20 token. So, theoretically you can swap for BNB but you will end up with BNB as ERC 20 token, which may or may not have the functionality you intended.
hi sir, can we still withdraw from ronin to eth address from binance?? isntead of doing ronin to eth address from our metamask
No, you cannot do this because you need to pay for gas fee to remove off of Ronin. MetaMask uses Web 3.0 interaction with browser allowing you to pay for this transaction, while Binance is just an online exchange/wallet and is unable to interact with Web 3.0.
How about for AXS ? Which method would be the best to buy/swap?
I made a new graph for you:
www.desmos.com/calculator/qmbr24cob7
Uniswap: y=(x*0.997)
Binance: y=(x*0.99925)-(0.3*price of AXS)
MetaMask: y=(x*0.99125)
x=how many AXS tokens
Uniswap cheaper than MetaMask cheaper than Binance
Binance has terrible 0.3 AXS fee for taking it off exchange
@@AllanRyan is it worth it even for only 6 AXS ? Or do I need to farm more slp to swap for more than 6axs?
That's a difficult question! It depends on how badly you need the ETH. Its really up to you but I personally try to save up large sums before swapping to reduce my fees. Good luck!!
@@AllanRyan thanks
So what should advice to use as platform to swap slp to eth?😅
Haha how much SLP are you trying to swap to ETH?
@@AllanRyan i have 7705 slp uniswap or binance?
You should use Binance for that amount since its over 5200. Good luck!!
I'm from Philippines
Uniswap kana Mahal SA binance, eh panu in uniswap to PHP?
Good day to you sir Allan, I want to ask if you accept scholar sir.. so I can apply 🙏
Hello Yosores Tv! I currently do not have any open positions. You are welcome to follow me on twitter @Allan_Ryan_ where I will announce when I have more positions available.
@@AllanRyan thanks sir but im already a scholar and i got in 3170 mmr last season using BBP.. thanks again sir..
can i play axie infinity in US? while buying 1 team axie in other country?
thank u
I'm not an attorney, financial expert, of tax consultant but yes, it is possible to play axie infinity and reside in the US. And yes, it is possible to play axie infinity from other countries.
@@AllanRyan thank u so much!! I’ll recommend your video’s here in Cali because some of my friends here want to start axie but they thought you can only play it in asian countries
So if you are using android, and you have the metamask app, how do you access uniswap?
1. Download Metamask from google play store
2. After installing MetaMask on phone, import or create wallet
3. Click "browser" from MetaMask Wallet
4. Click decentralized exchanges
5. Click Uniswap
@@AllanRyan thanks man. Saved the site on Metamask browser for my first withdrawal and conversion of slp
Do you accept scholar for axie? Without any fee?
Please check out my JotForm on my twitter for information. Good luck!!
I am stupid and wanted to withdraw all my slp without having the right amount on metamask (because of this I can't pay gas fee, I am missing some $) What do I have to do in this case?
I am assuming you are withdrawing SLP from Ronin on Ronin bridge? I think most of us have done this at some point haha. You need to send more ETH to your MetaMask account to pay for the gas fee. I do not know of any other way. If the transaction is stuck, you may check with Axie Infinity support. Good luck!!
Subscribed. With all those gas fees for the sake of education. I hope my +1 subs will help you cover that gas fees once youtube pays you :)
Thanks, Jeremiah!!
bro do binance thank you
I did Binance in this video ua-cam.com/video/fvLJMn10w9Y/v-deo.html
Hopefully that helps!! Good luck :)
Hello help
hi sir i want to be your scholar🙏
Please fill out the JotForm. Good luck!!
Good Day Manager
My name is Jimar Bandal
im 21 years old
Gender: Male
Location: Cabuyao, Laguna , Phillipines
Device to be used: Android Phone
Oppo F2 8.00 GB RAM
Internet: WiFi and Data
average slp: 150-200 a day or " MORE " depends on energy
HOURS OF PLAYING: 8-12 hours
and it depends on the axie pet, whether to farm fast, and in the arena! and it also based on the energy if the energy is 20 / 40 / 60
LANGUAGE SPEAK:
English / Tagalog
ALREADY PLAY AXIE?
No / but I'm watching best gameplay I love " MIND GAMES " and PREDICTIONS!
I also studied the cards, and the type of axies, on the sites, and how to counter the opponent, but there are teams that can finish the team you use, but that's not based on axie but on the player, because even if the opponent's axie is still expensive and beautiful, if he's not smart and stupid, you can easily win the battle.
I PLAYED BEFORE:
Yu-Gi-Oh / Pokemon / Dragon City League of Legend / Ros /MOBILE LEGENDS / CODM etc
Why do you want play axie?
because it's a big thing for me to earn while playing, to help my family needs! and also to give a good life to my two daughters,
and it's a big thing for me to be a scholar because it's one of the ways, I see that I can gradually get out of poverty.
even 40% sir will be accepted I need this job manager. i want to be part of your team. I pray and hope you choose me.
Please fill out the form below. Last day to apply is 8/20/21 at 11:59pm PST. Thank you and good luck!!
form.jotform.com/212267610255147
@@AllanRyan thank you sir for your kindness 💕 ,I'm done filling up the form , but i don't have yet meta mask and ronin because I'm scared of pishing sites :( !
i don't know how to create acc yet!
I will watch your video if you have a tutorial for creating ronin and meta mask.
So i have to load ETH on my metamask before i use the ronin bridge?
Can i send my slp from ronin dricetly to Binance? Because on ronin wallet is a withdraw option for slp.
Yes! You need to have some ETH in your MetaMask account to pay for the gas fee that will be incurred upon transferring your SLP off of your Ronin account. As far as I am aware, there is no way to send SLP directly from Ronin to Binance. You must use Ronin Bridge which will incur a gas fee, you can send SLP to your MetaMask wallet.
@@AllanRyan is it possible to send slp from ronin to Binance trough smart chain bep 20? There was an announcement few days ago
@@mikejardine6623 im interested as well in that question
At the present moment, it is not possible. Binance Smart Chain (BSC) added SLP as BEP 20 token but it is not compatible with Ronin. It will be interesting if Axie implements a way to send SLP through Binance Smart Chain. When it becomes possible, I will certainly make a video on this!!
Stay tuned! Releasing a video tomorrow, Sept 6th covering this :)