This is fast becoming the favorite pastime, as thousands of entusiastic participants are fascinated by the native currency, HMSTR coins. While HMSTR coins have utility and are available to be used in the game, they can also be turned into cash-which may pertain to withdrawal and the selling of HMSTR coins, to numerous people not exactly versed with the process of cryptocurrencies.
That's how you withdraw and sell your HMSTR coins. But do you have questions like are they exchangeable, convertible into real money, and does Hamster Kombat pay out in real money? Let's dive right into it!
Problem: You Earned HMSTR Coins, What Now?
You've battled for hours in Hamster Kombat, accumulated a good balance of HMSTR coins. This is even though those tokens become a great value-added addition to your in-game experience. The frustrating part is while trying to cash in those gaming victories for real cash. People won't feel that reward system in the end; they will not feel the excitement in earning digital rewards because they'll be blank about how to cash that out or where to begin. Agitating because it means missing real-world value for something you know nothing about.
Agitation: What If You Don't Cash Out Your HMSTR Coins Properly?
This is actually a riddle which nobody knows the date or process of acquiring and selling those coins. In case nothing proper is done, then it can cost one's profit, or even worse, no transaction will work due to technical issues. Of course, there must be some people who had such bad experiences of not cashing tokens for the games that would easily be sold just due to bad timing and lack of proper information. Your earned coins get this fear settled over them.
Solution: How to withdraw and cash out your HMSTR coins. Let's break the process down into easy steps so that you can change your HMSTR coins into real money without much ado. You will know exactly how to withdraw, exchange, and cash out your HMSTR coins at the end of this guide.
1. Setting Up a Compatible Cryptocurrency Wallet
Then proceed to one of the first withdrawal moves with your HMSTR coins-get a suitable wallet for cryptocurrencies. HMSTR coins are digital assets which, before converting or selling them, need a safe holding place.
Types of Wallets
You can make use of one of the following types:
Software wallets : This is like a digital pouch that stores all the digital currency in an online wallet or application. Some of the most-used software wallets are MetaMask or Trust Wallet.
Hardware Wallets: That would be some kind of hardware device for keeping cryptocurrencies separately offline, like Ledger Nano S.
Why Do You Need a Wallet? The interface between your HMSTR coins and a cryptocurrency exchange where you would trade them into fiat, such as USD or EUR.
2. Linking Your Hamster Kombat Account to Your Wallet
Once you configure it, you will then have a step to link your account on Hamster Kombat with your wallet for you to withdraw your coins in HMSTR. The changes depending on your platform differ a little bit but essentially follow the general steps.
How to Link the Wallet
Open your account on Hamster Kombat.
From the game, you'll navigate through the wallet section.
Input public address wallet-you will get a long string of characters unique to your wallet Authenticate the connection and wait for verification Once you connect your account, you will be able to withdraw your balance in-game HMSTR directly into your external wallet.
3. How to Withdraw HMSTR Coins
Now that you have set up your wallet and connected it, the next step is to initiate the withdrawal of HMSTR coins from the game into your cryptocurrency wallet. This is where your game currency technically gets transferred to a place where they can be sold or converted.
How to Withdraw:
Open your wallet section in the game.
Select how much HMSTR coins you're withdrawing.
Confirm the transaction and allow it to get added to the blockchain network. It should only take a few minutes, depending on how congested the network is.
Once confirmed, your HMSTR coins will be displayed in your linked cryptocurrency wallet account.
Important Note: Transaction fees apply depending on which blockchain network will actually be used to settle the transfer of your HMSTR coins. They tend to be very minor; just something to expect ahead of time.
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| Image Credit: Yandex |
4. How to Convert HMSTR Coins to Real Money
By now, that the coins are kept in a wallet, this is also the time to convert them into real money. This procedure can be conducted through the exchanges in cryptocurrencies. You may also utilize this to exchange your coins for other known cryptocurrencies such as Bitcoin or Ethereum, and you may eventually sell them into fiat currency.
Best Alternative of Exchange:
Not all exchanges will list HMSTR coins. You will have to choose an exchange which lists HMSTR tokens. Some popular ones that may list niche tokens are:
Binance
Uniswap
KuCoin
How To Convert Step by Step
Move your HMSTR coins from your wallet to the chosen exchange.
Once your coins appear in your exchange account, find a trading pair such as HMSTR/ETH (provided HMSTR coins trade against Ethereum).
You withdraw your HMSTR coins into Ethereum or other supported cryptocurrencies.
Take the Ethereum out to your wallet or cash it out directly into fiat currency, that is, USD, EUR, etc.
Case: A user withdrew 10,000 HMSTR coins. He then exchanges that for Ethereum on Uniswap. He then takes this Ethereum out to Coinbase and withdraws 500 USD directly into his PayPal account.
In addition to the above knowledge, you can learn even more on how to trade cryptocurrencies by reading this article on buying Bitcoin on eToro, which also explains how to withdraw the funds back to your bank account.
5. Cashing Out: How to Sell HMSTR Coins for Fiat Currency
After you've exchanged your HMSTR coins into any of the top cryptocurrencies, like Bitcoin or Ethereum, now you can cash out selling some or all of those assets into fiat currency.
How to cash out
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Select an exchange which enables you to cash out your Ethereum or Bitcoin into fiat. Good ones are
Coinbase
Binance
Kraken
You sell your cryptocurrency. Now you create a sell order on an exchange. Your Ethereum or Bitcoin now arrives as a USD, EUR, or other fiat money.
Withdraw that fiat money into your bank account or through PayPal, or whatever is available on your chosen exchange.
Pro Tip: Every exchange has varying withdrawal time. In case a user triggers fiat on Coinbase, it would normally be a situation where the users would receive the fiat currency in the account within 24 hours, while others take 2-5 business days.
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| Image Credit: Yandex |
6. Important Tips for Selling HMSTR Coins
There are a few important points before cashing out the HMSTR coins. Do remember these points to get the maximum value out of the coin.
1. Track the rate of exchange
Cryptocurrencies are unstable. Sell at the right time when you can get a better rate of exchange for your HMSTR coins. Most of the exchanges provide alerts on the platforms about your targeted rate hit.
2. Watch out for fees:
Every transfer from wallet to outside wallet, withdraw in coins, exchange to Ethereum, or sell for fiat comes with a fee. Since these compound ridiculously quickly, be sure to incorporate them into your selling plan.
3. Use Safe Platforms:
Always utilize secure and legit platforms. Stay away from low-profile exchanges which have poor security measures and less liquidity. Instead, use websites with a good ranking. These sites have security at the forefront, so you can trust them with your coins. Compare Binance, Coinbase, and Kraken for example.
Questions about Selling and withdraw HMSTR Coins
Do we send the Hamster Kombat Coins?
You can trade HMSTR coins. In order to do that, you have to withdraw the coins to a wallet of an appropriate cryptocurrency, then sell them on an exchange compatible with your trading pair for HMSTR. Good examples would be Uniswap or Binance.
How to Convert Hamster Kombat Coins into Real Money?
To actually cash out of HMSTR into your hard currency you'll need to transfer it from mixer into a cryptocurrency exchange. That is where you are supposed to trade for one of the widely accepted cryptos, either Ether or Bitcoin, and then sell that crypto on an exchange, like Coinbase or Binance, for fiat currency, USD, EUR, etc.
Can you cash out Hamster Kombat?
Well, in that case, you can withdraw your HMSTR coins, convert them on an exchange, and sell the resulting crypto for fiat cash.
Does Hamster Kombat Pay Real Money?
Indirectly, yes. In return for playing Hamster Kombat, players are rewarded with HMSTR coins that can be converted into real money by trading the tokens for fiat cash through exchanges.
Converting HMSTR Coins Into Real Money
With this guide, you know how you can safely withdraw and sell your HMSTR coins for real money. It's not as complicated as it seems, and with the right tools and exchanges, it is very easy to transform game achievements into fiat currency that you can use to achieve something real in the real world.
Keep an eye on the exchange rate; ensure you are using the right secure platforms; your wallet must always be ready to store your coins safe. All these aspects in such a manner make the exercise of conversion of HMSTR coins into cash quite smooth and rewarding!
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