Friday, January 28, 2022

Howto: From Ethermine Payouts to Binance Wallet

This post is for miners who have configured their Ethermine to payout to Metamask via L2 Polygon(MATIC).

With Ethermine able to deposit payouts to Metamask via L2 Polygon (MATIC) network, miners don't have to pay the expensive Ethereum Mainnet gas fee. 

However, if you prefer to see your ETH in your exchange such as Binance instead of Metamask, then it'll be a long road. This post has all the steps required.

I'm writing this post because I hate to watch time-wasting tutorial videos. Most of the tutorial videos can be replace with a few screen shots easily, and takes less than 3 minutes to read. Also it's much easier to follow screen shots than videos. Hope you enjoy it.

What's In This Post

The whole steps are:
  1. Convert wrapped ETH token in Metamask to MATIC token
  2. Send MATIC token to Binance wallet via Polygon network

Then, for those who wonders:

"Hey, what I want to HODL is ETH, not MATIC!", 

They can simply do one step further, such as one of the steps below in Binance:
  • Convert of MATIC to ETH with Binance's Convert function, or
  • Sell with MATIC/ETH pair, or
  • Sell MATIC to BUSD, then buy ETH with BUSD