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

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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

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.

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.

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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