@Shani59
100$ converted into BitcoinCash
I received $100 worth of flex USD in coinflex.com exchange. On Monday, And tried to trade there in BCH/FlexUSD pair but failed to do so. Received notification of insufficient balance. I opened the metamask wallet, copied the public address of Smart BCH, and requested for withdrawal in the coinflex.com exchange. I choose the SEP20 address for withdrawal of funds into metamask on smaartBCH chain. There was an option of SLP bch but I ignored it in this case I have to choose the BCH address from the Bitcoin.com wallet and the flex USD will receive them, Swapping fees of flexUSD to bch is high compared to decentralized exchanges of smartBCH.
After choosing the SEP20 route of BCH withdraws, I placed a request for withdrawal, Which was pending at the start, after a few minutes withdrew confirmed from the exchange. The interesting thing is that the transfer of flex USD from coinflex.com to smart BCH chain in metamask wallet is free. Not a single cent was deducted I received all of $100.07 in my metamask wallet. I haven't added the flex USD contract address on the smart BCH chain. I opened the market cap.cash and copied the contract address of flex USD present on number two on the base of the market cap. Clicked on import in metamsk wallet, pasted contract address there, and then click on import, the flexUSD added automatically.
On BenSwap.Cash I swapped, these $100.07 flex USD into Bitcoin Cash. 0.0002 BCH is fees deducted during converting flex USD into BCH. I checked other decentralized exchanges for swapping but the benSwap.cash giving the best rate of swap. That's why I tried benSwap.cash dex. First I thought the Market is in a critical situation I should keep the stable currency, and buy BCH in the dip. Then I thought Bitcoin Cash started the uptrend already $361 per BCH price within 7-days moved from $300 to $370 plus, which is a green signal Also the adaptions of bitcoin cash is increasing day after day. People know the importance of peer-to-peer electronic cash can buy goods without the influence of the third party, Pay for service, Minimum transaction, and instant payment received to the other person.
Using hop.cash bridge I transferred 0.28 BCH from metamask to Bitcoin.com wallet by paying just 0.00003 BCH which is less than a cent. I choose the smartBCH to BCH route. Copied the bch receiving address from Bitcoin.com bch wallet and put it in the hop.cash. Within seconds I received funds in my Bitcoin.com wallet.
Closing thoughts: The plan is to hold the bitcoin cash for a long-term minimum till the end of December 2022. Presently, I have only 0.28 BCH, and I wanna accumulate a minimum of 1BCH and hold it for a glorious future.
6 comments
If it would have been another coin, I'm sure it would have fall to 95$ due to so much transfer but it's BCH best for transactions and low fees. And with the introduction of SmartBCH it's already giving us more ease in transfers and transactions.
Yes Literally, BCH is the perfect crypto for transactions, minimum tax and funds received instantly!
Best of luck to your One BCH holding goals, hope so you will achieved it within three to four months
Ameen! Thank you so much for your Well longings
That's a lot of process but glad it went through just fine. Hoping BCH pumps up and up :)
Yes the market is green for the last 1 and a half weeks hope so bch will break ATH within 2022