How to Sell or Use Your Bounty?

When you receive cryptocurrency rewards, there are various ways to sell your crypto.

If you receive a stablecoin like WUSDC, you can sell it through a C2C transaction on exchanges, converting it to fiat currency that can be transferred to your bank account (this method is only feasible in some countries where regulations allow it).

If you receive a traded crypto (not test coins or points, which are likely tied to the community's future release of actual crypto), you can sell it on any decentralized or centralized exchange that supports trading to acquire stablecoins.

Due to varying regulations in different countries, I can’t provide an exhaustive list or specific advice here; instead, I’ll showcase what I believe is one of the most convenient methods.

If you receive a stablecoin reward like WUSDC, you will first need to visit the AOX cross-chain bridge, which you can find on their official website : https://aox.xyz/#/

Then, connect your ArConnect wallet (now named Wander) and navigate to this interface to cross-chain your WUSDC from the AO network to the ETH network.

Here, you will need to input a recipient address, which is the address where you will receive USDC on the ETH network. So just go on to read the words below to find how to get the address!

To facilitate this, we’ll need to use the Bybit application.

If you’re already a Bybit user, you can skip this next part.

Search for Bybit in the Google Play Store or Apple App Store and download the app.

Please note that if you are in a restricted country, connect to a VPN before downloading. After downloading, create an account and complete KYC verification.

Once KYC is successful, locate the Card page in the app and apply for a Bybit virtual card, which is a Mastercard. The application process is straightforward; just click to apply, and once approved, you will receive a card.

Next, find the Top Up button and click Deposit Crypto for the card and select USDC, with the network set to ERC20.

Copy the address provided and paste it into the recipient address field on the AOX cross-chain bridge them click Confirm button.

After about 20 minutes, you should see the USDC bridged to your Bybit card on the ETH network. If you plan to cross-chain a larger amount of USDC (like $100 or more), I recommend initially testing the process with $5 to confirm it works before proceeding with the remaining amount.

You'll find that this Bybitl card can be linked to certain payment websites, allowing you to directly spend the USDC balance in your wallet.

Additionally, you can further request a physical version of the virtual card for offline transactions; however, not all merchants accept it, so be sure to check Bybit's card usage guidelines.

If you receive a crypto that is not a stablecoin, such as AR or another tradeable asset, you would also need to first use a cross-chain bridge to transfer AR to the Ethereum network. Then, you can sell it on a centralized exchange like Bybit. After that, you can use the USDC or USDT obtained from selling AR to spend using the Bybit card. I won’t go into detail about how to buy and sell on centralized exchanges here; you can ask ChatGPT for that.

Additionally, not all tradeable tokens can be sold on centralized exchanges; some may only be available for sale on decentralized exchanges. Therefore, it's important for you to explore how to use these tools yourself, as this is an essential skill in the Web3.

In summary, there are many ways to sell your crypto, and the tutorial above is based on my personal experience of what I find most convenient.

If you have other methods, feel free to share them with the community!

Of course, we have also listed all the exchange websites maybe you could use.

Bybit: https://www.bybit.com/en/

Uniswap: https://app.uniswap.org/

Botega: https://botega.arweave.net/

Dexi: https://dexi.arweave.dev/

Permaswap: https://www.permaswap.network/#/

ArSwap: https://arswap.org/

BazAR: https://bazar.arweave.net/

Video Tutorials: