HOW TO CASHOUT YOUR HIVE ASSET to PHP/GCASH using PDAX//ENG./TAGALOG

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(Edited)

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Greetings fellow HIVE Enthusiasts,

I created this short guide to assist people who are unaware of how to convert HIVE assets into fiat currency or cash out assets in PHP, in response to the increasing worries and inquiries from Filipino Hive users.

Dahil marami ang nahihirapan at nagtatanong ano paano nga ba i-cash out ang ating Hive Assets para maging PHP. Ginawan ko na ng tutorial para sa mga hindi pa nakaka alam nito

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We are all aware of the SEC and Binance issues, which could make it difficult for some Filipino users to cash out their assets because most users only know how to do so through P2P transactions, which have a high risk of scams.

Alam naman natin ung issue about sa SEC at Binance na magiging problema para sating mga Pinoy na mag cashout dahil ang alam lang na paraan ng karamihan sa pag cash out ay ang pag gamit ng Binance at P2P transactions.

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HOW TO CASH OUT YOUR HIVE ASSET TO PHP

We assumed that you had already registered for and verified a PDAX account before beginning this lesson. You can get the PDAX app from the Google Playstore.

Sa Tutorial na to i-assume natin na nakagawa kana ng PDAX account at na verify na ito.

1st STEP

Go to Tribaldex this link will get you directly on what tokens we will swap.
Convert your SWAP.HIVE to SWAP.LTC
See picture for reference

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input your desired amount of SWAP.HIVE you want to cash out then convert it to SWAP.LTC

2nd Step

Go to your Hive Engine Wallet and click Withdraw
On the list of tokens, Select SWAP.LTC
Now pay attention on this part, You need to get the Deposit address of LTC from PDAX and paste it to Hive Engine LTC Withdrawal Address

Kunin mo ung Deposit address ng LTC sa Pdax at i-paste mo sa Hive Engine LTC Withdrawal address

See pictures for reference

After pasting the address you can know proceed to withdrawal, just input how many LTC you want to Withdraw and Click or tap on Withdraw.

3rd Step

After waiting for your asset to arrive on your PDAX account you can now proceed to selling your LTC and Cash out your money

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To cash out simply go to your assets and you will see a cash out button.
For cash out, there is a 10 peso transaction fee. For example if you have 1550PHP on your PDAX wallet you will only cash out 1540PHP

  • Select Cash out
  • Select Gcash/instapay
  • Input your Gcash number
  • Input you Gcash Account Name
  • Input how much PHP you want to cash out
  • Wait for your money to arrived on your GCash account(in my experience its just a matter of seconds)

If you did everything correctly you won't have a problem with your assets. there are some delay sometimes due to network or delays on HE. I did this proccess many times and I never encountered lost of assets. If you are not what you are doing I suggest try it with small amount first.

all Screen shots pictures where taken by myself on my phone. I made it that way so most users can relate on it. I know majority of user in the Philippines uses their phones in crypto. "Pictures form banners came from google images and are not mine".
Disclaimer
This tutorial is for Educational Purpose and to help those Filipinos who don't have other options in cashing out their assets. I am not responsible for any lost assets. I am not part or not advertising PDAX.

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[@PowerPaul:] I think this is a pretty useful post and as I sit in Paraguay and have similar circumstances, I really welcome this kind of educational content. All in all I thought to give you a free 100% vote from our voting service.

Have a great day!

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Thanks for posting in the ASEAN Hive Community.

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⋆ ʏᴏᴜʀ ᴘᴏsᴛ ʀᴇᴄᴇɪᴠᴇᴅ ᴀɴ ᴜᴘᴠᴏᴛᴇ
⋆ ᴛʜᴇ ᴘʟᴀᴄᴇ ғᴏʀ sᴏᴜᴛʜᴇᴀsᴛ ᴀsɪᴀɴ ᴄᴏɴᴛᴇɴᴛ ᴏɴ ʜɪᴠᴇ
⋆ sᴜʙsᴄʀɪʙᴇ ᴛᴏ ᴛʜᴇ ᴀsᴇᴀɴ ʜɪᴠᴇ ᴄᴏᴍᴍᴜɴɪᴛʏ
⋆ ғᴏʟʟᴏᴡ ᴛʜᴇ ᴀsᴇᴀɴ ʜɪᴠᴇ ᴄᴏᴍᴍᴜɴɪᴛʏ ᴠᴏᴛɪɴɢ ᴛʀᴀɪʟ
⋆ ᴅᴇʟᴇɢᴀᴛɪᴏɴ ʟɪɴᴋs   25 ʜᴘ⇾50 ʜᴘ⇾100 ʜᴘ⇾500 ʜᴘ⇾1,000 ʜᴘ

You've been inactive with your blog a very long time. There have been many alt accounts in the community lately, abusing the posting rewards and not engaging. I have to ask because I'm unfamiliar with your profile and this is your first time posting in ASEAN Hive, is this an alt account?

Also, friendly tip, don't be shy to engage with the content of your fellow ASEAN Hivers. Engagement is what ASEAN Hive thrive, and it's a requirement to be a longterm member.

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Nope, I'm not an alt account, It's been a while since I last posted i have been busy lately

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I just think I have to make this content because of the growing concerns of Filipino Community that doesn't have other options on how to In & Out their assets on HIVE. I'm thinking of posting regularly if I can still manage it on my schedule. Thanks for the Support by the way

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I'll save this for future reference. As of now, I can still use Binance. But I'll probably study this another way of cashing out my Hive assets.

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