Crypto User Level: Medium
If you’re new to crypto, skip to the end for help with that part.
As I’m venturing more and more into cryptocurrency trading and defi projects, I’m occassionally finding issues that I need to fix, but there aren’t any easy fixes to find online. I thought I’d start posting those in case anyone else needed help with the same issue.
In this case, I needed an off ramp to move my money from a Tron wallet to a Metamask wallet. Spritz, the typical offramp I use to move money from Metamask to Fiat wasn’t set up at the time to access a Tron wallet.
Specifically, I ran into this when Prosperity Gem Ventures closed out their Tron contract and moved everything over to USDC on the BSC chain.
Here’s the method I used to go from Tron to fiat. I’m typing this up in the “made for crypto noobs like me format”.
If you’ve found a better, cheaper, or quicker method, feel free to post it in the comments.
First, make sure you have a little TRX in your Tron wallet for the gas fees. You won’t need much.
Sign up for a Simpleswap account. This way you can accumulate SWAP coins for each transaction and eventually cash them in. I tried ChangeNow, but it gave me A LOT of issues.
Click on Crypto Exchange. Enter your sending type (in my case USDT TRC20) and your receiving type (just depends on where you want to send it and as what coin).
Enter your receiving wallet address.
Deposit your coin that you’re sending. *If you’re really used to Metamask, don’t freak out when you see the Tron wallet address. They’re very different.
From there it’s pretty standard if you’ve done interactions and exchanges before. You know, enter, click, send, sign contracts, etc. There’s actually a Metamask icon in the receiving wallet section to click to connect your wallet.
The exchange uses a temporary wallet to bridge Tron to Metamask, but it does it all for you in the Simpleswap platform. You do have to deposit your money from Tron into the temporary wallet. Don’t miss this step.
It may seem like a lot, but it’s like 30 seconds to do it and a few minutes for it to complete.
Like most crypto exchanges and purchases, do the transfer process and walk away to do something else. Imagine if we could get back all that time we spent as crypto-noobs sitting there watching the spinny wheel or hitting refresh every 10 seconds.
After about 10 minutes, my webpage updated itself. The exchange also showed up in Simpleswap history, and I received an email that the exchange was complete.
Proof of Concept:
- I ran three tests with small amounts of money on Simpleswap and they all deposited in about 10 minutes each.
- After three small tests, I transferred a large amount.
Crypto User Level: Total Noob
This was me a few months ago. I knew what Bitcoin was and that’s about it.
I joined a group called Passive Income Engines. It’s the perfect mix of cryptotraining + community. There are tons of training videos that start at basic investing strategy and go all the way into specific advanced level crypto projects you can invest in.
You invest in your own projects after going through the training and gaining the confidence and education you need.
Not only that, but the Facebook group is one of the most active ones I’ve come across anywhere. All you have to do is pose a question on there, and several people are likely to chime back in pretty quick with answers and help. I serve as an Admin in this group.
If you want to get started in crypto, advance what you already know, or want access to defi projects vetted by the group, check it out HERE.