Cashing out in Honeygain is something simple, so simple that if we do it with cryptocurrencies we can even cash out when we barely have one dollar. They give us the possibility of cashing out with cryptocurrencies through a platform called Jumptask which allows Honeygain to pay directly from different cryptocurrency networks. We explain how it works.
What should I keep in mind to cash out Honeygain via Jumptask?
We must have activated the Jumptask option directly in Honeygain
This option is located at the top of our Honeygain Dashboard along with a bonus that they will give us for using this method. This will give us rewards faster than if we use the conventional method besides being the only method to cash out practically from the first minute that we generate income with Honeygain.
What can I do if I didn't activate Jumptask from the beginning?
If this happens, don't despair just wait until you reach the minimum withdrawal in the normal Honeygain service, which will take some time. But even though it takes time, you will start with an additional $5 if you registered with a referral link.
Once we obtain the $20 of the minimum withdrawal in this modality, we can calmly cash out our profits through Jumptask. You only need to select that option as a withdrawal method when the withdrawal button is activated because if you do it via PayPal they will charge you the transfer commission.
How to cash out using Jumptask the balance of Honeygain?
Cashing out is as simple as clicking on our Honeygain panel on "Jumptask Dashboard". In this menu we must connect a cryptocurrency wallet either through Metamask, WalletConnect (Trust Wallet) or Torus. All these services will connect a wallet to your Jumptask account. But what happens if we don't understand how it works?, here we will give you more details.
That is, keep in mind that you must have the native currency of the cryptocurrency network that you select later in your portfolio or you will not be able to move the balance once it reaches your wallet.
What wallet should I choose to cash out Honeygain?
In this case we recommend Metamask, it is the most known and easy to use and where you will find more tutorials. But if you don't want to bother with seed phrases or all security issues you can also opt for Torus which links an account like Gmail to a wallet.It’s a personal decision.
Regardless of which one you choose, they all perform the same actions and work in the same way so you shouldn't worry about anything if you have something different from these that we mentioned. The only really important thing is that it can connect to any of the networks that we will explain later.
Cryptocurrency networks supported for cashing out via Honeygain
Jumptask pays with a currency calledJMPTthe dollar equivalent of what we generate with Honeygain. This cryptocurrencyIS NOT ACCEPTED BY BINANCE and cannot be used to withdraw money directly to Binancebut it exists in the following networks BSC, Celo and Polygon.
Now you surely thinkWhat's the point of paying me in something I can’t deposit in Binance?. Simple because we can exchange it for something they do accept in Binance and that we can withdraw in Bolívares without any problem. We will explain the method for each Cryptocurrency Network.
¿Cómo cobrar Honeygain con Jumptask?
This is extremely simple, first we enter our Jumptask Dashboard from Honeygain. Once there all that remains is to locate our generated JMPT indicator in the upper right corner of the screen and selecting it we will see the "Withdraw" button which means withdraw.
Clicking on this will ask us which network we want to send the JMPT. This step isVERY IMPORTANTbecause it will tell us two things. The first is the cryptocurrency network commission and the second is which Cryptocurrency Network to send the cryptocurrencies to. Cryptocurrency networks do not communicate directly with each other, so be very careful about sending them to a place where you have nothing.
Each network has a different withdrawal fee but at the time of writing this article. The fees are as follows:
- BSC: 0.09154 JMPT ($0.17)
- Celo: 0.0228 JMPT ($0.04$) - Low liquidity in pairs
- Polygon: 0.01607 JMPT ($0.03$) - Very low liquidity in pairs
As you can see, they are very small as of today but this may vary over time. Now that we have selected the network to which we want to send the money, all that remains is to select "Withdraw". This will send our money to the Wallet we connected when creating our account on Jumptask. It doesn't take much time but it depends on the Blockchain so you should keep that in mind.
¿Cómo cambiar los JMPT a USDT en BSC (Binance SmartChain)?
If you selected BSC as a withdrawal option here is how to change JMPT for USDT. Keep in mind that you must have BNB in your portfolio which is the native currency of the BSC network.
To perform the Swap on BSC we have at our disposal PancakeSwap the largest swap of the network, we leave you here a direct link to the JMPT to USDT Swap.
¿Cómo cambiar los JMPT a USDT en Celo?
If you selected Celo as your destination network I anticipate that the Swap is exclusively available for Uniswap but it’s not so complicated to locate, just be sure to have more experience because I can't give you the direct link like in the previous network. Also keep in mind this network does not have as much liquidity as the others so you may have to make several small exchanges.
The best thing in this case is to change it to the network’s currency which is CELO in this case and then pass it to USDT in Binance to avoid getting stuck in the network due to lack of Gas (CELO) for transactions.
¿Cómo cambiar los JMPT a USDT en Polygon?
This option is the most problematic given that Polygon has very little liquidity. So much so that it’s very difficult to get JMPT pairs against any other cryptocurrency. Currently I only located JMPT in QuickSwap but you must place the contract directly or the pairs for the token do not appear.
For this same reason, it's the most complicated to change. I leave you the address that I used to locate the pair on QuickSwap right here 0x03cf5d93ca7c70ce0a21a09f4d70779d2c66b25a
Keep in mind that it has very little liquidity so surely it won’t let you change everything at once and you will have to make multiple transactions. So be very careful with the Gas expense (MATIC). Just like in the previous network, it's better to pass it to the native currency of the network and deposit it in Binance where we will convert it to USDT.
¿Cómo depositar en Binance las criptomonedas que cobramos en Honeygain?
If you’ve reached this far it means you already have your money withdrawn and want to deposit in Binance those cryptocurrencies that you obtained with Honeygain. Keep in mind that you will have to pay a Gas commission to be able to make this deposit. But with this in mind, simply go to Binance to the deposit option and select the origin network of our transaction.
¿Cómo depositar USDT en Binance mediante BSC (Binance SmartChain)?
Depositing like this is the simplest of all we just need to select USDT in the deposits and go to the BSC Binance network will give us an address to deposit your funds. We just need to send them there and that’s it, you'll have them in Binance.
Keep in mind that it’s the easiest method because it’s the network with the most liquidity of all and that it doesn’t carry any extra steps.
¿Cómo depositar CELO en Binance mediante Celo?
From the Celo network we need to deposit are CELO directly so go to the deposits section of Binance select the CELO cryptocurrency and look for the Celo network. They will give us a deposit address where sending the CELO will be credited in Binance.
Keep in mind that we cannot withdraw this in Fiat currency. The best thing is to pass it to USDT and then go to the P2P market to withdraw it in our local currency.
¿Cómo depositar MATIC en Binance mediante Polygon?
Just like the previous network depositing in Binance is as simple as selecting the native currency in this case MATIC and selecting that we will send the money from the Polygon network. Once the money is sent to the Binance wallet, the balance will be credited to our account.
Due to the network and its low liquidity it’s better now inside Binance to convert the MATIC to USDT so that we can sell them in the P2P market.
Advantages of cashing out Honeygain in cryptocurrencies.
As you can see, the cryptocurrency alternative is incredibly flexible and useful but like everything it has a degree of complexity. With a little patience and keeping gas costs in mind, our withdrawal will be practically complete unlike if we cash out with payment processors such as PayPal which would also take money for depositing and withdrawing our money with fairly high commissions.
Keep in mind that cryptocurrency transactionscannot be refundedso beVERY CAREFULwhen sending them to any address.
