New user - help, how do I cash out PLU?!

This page summarizes the projects mentioned and recommended in the original post on /r/plutus

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  • Rabby

    The game-changing wallet for Ethereum and all EVM chains

  • This guide will explain how to use an alternative app to Metamask (Rabby) to withdraw your PLU straight to an exchange. It was written in June 2023 whilst the PlutusSwaps DEX was temporarily closed and may become outdated as Plutus develop their product further. This guide may also be outdated once Plutus is deployed on an L2 (Polygon). The benefits of this guide is to save the extra step of having to buy ETH and pay additional gas fees to move your PLU from Plutus -> Ethereum wallet -> exchange. This saves money, time and extra hassle for those who do not use the Ethereum blockchain. In short, this guide will save you the middle step. For the record, I personally would advise that we all do as much as possible ON chain as exchanges are like banks. We all saw what happened to FTX. Do not leave your funds sitting on exchanges. This is more for people who want to sell their rewards as simply as possible. Shout out to u/madkex for raising this strategy and to u/andyodd on Discord (https://www.discord.gg/plutus) for getting on it and trying it out! Step 1 — Go to https://rabby.io/ and download either the extension or the desktop application. For this guide, I use the desktop app as I feel these are safer than browser extensions but they are exactly the same. Rabby — The game-changing wallet for Ethereum and all EVM chains Already looks better than Metamask… >_> Step 2 — Once installed and downloaded, we are going to use this application differently to Metamask. You CAN use it like a normal hot wallet, import your private keys or connect your hardware wallet, but for this, we are going to use it only for exchange deposit addresses and only for the purpose of withdrawing PLU. This is an alternative to Metamask. Whereas Metamask is only a browser extension, alternatives can be downloaded to your desktop for an extra layer of safety such as 0xFrame or Rabby. Step 3 — Click Add Contacts. This is a method to add any wallet address as a ‘watch account’. This means that Web 3 can connect and look at any wallet (all public information) but we will not be able to sign any transactions as these wallets do not belong to us. ‘Contacts’ is a slightly confusing name — think of it more like a watch address or a view-only wallet. Step 4 — Go to the exchange you use (Coinbase, Kucoin or Bitfinex are the most popular) and click Deposit or Send/Receive. Click the cryptocurrency PLU (Plutus) and make sure it says ‘Ethereum Blockchain’. PLU is an ERC-20 token and currently only available on the Ethereum network. Copy the wallet address you are given and paste it into Rabby. (Example: 0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045 ) This example is screenshot from Coinbase — all exchanges will look slightly different when looking for your deposit address. Just make sure it is Ethereum /ERC-20. Step 5 — Once you have added the wallet as a ‘contact’ (watch only), you should see it listed with a cup symbol. I have renamed these after adding them but remember, deposit addresses DO change! These are not permanent! Review them regularly. Step 6 — Now click the add button in the bottom left and add a dapp by domain. You can do this for any Web 3 domain. For Plutus, this is dex.plutus.it Note: If you are using the browser extension, I doubt this step is needed. You will likely just connect to Plutus in exactly the same way you use metamask. Rabby has a built-in browser which is how it connects to Web3 websites/dapps. Step 7 — Rabby will now recognise the dapp. Select connect and it will add it on the left side. Now log into Plutus as usual. Think of it just like a browser within the app, no different to Firefox, Brave or Chrome but built within the Rabby wallet app. Again, this is likely not needed with the browser extension. Note the Metamask pop up in the background. This will show as connected once you connect to the dapp. Step 8 — Just like you would in any browser, go to Pluton at the top of the Plutus website, and click the blue Withdraw button. You should now see the exchange deposit address. CHECK THIS. Check it is the same one as in your exchange. Check it again. Once you press the withdraw button, your PLU rewards will go to this wallet so you need to make SURE this is the correct one. Exchanges also sometimes change their deposit addresses. You should double check this on the exchange every time you withdraw. Don’t forget you’ll need £3/€3 in your account to complete the withdrawal. Step 9 — Plutus will contact you if needed and you should receive the funds from the Plutus withdrawal wallet. This is currently taking 1–3 days at the time of writing this. Check ‘Account — PLU Withdrawal Delays/Issues’ in the Support Forum within the Plutus Discord for any updates. Step 10 — Congratulations! The PLU is now in your exchange! Sell it using the trading pair (or by swapping it on Coinbase) — these are often PLU/USDT or PLU/USD. There are some tips and different strategies people use in the ‘Buying & Selling PLU outside of the Plutus DEX’ Support Forum within the Plutus Discord. Your final step will now be to swap that USDT to Euros or Pounds and withdraw that to your bank account. Enjoy! Additional BONUS note: If this guide was your introduction to the world of using blockchains, or even if you are a Metamask user trying something new, please consider using a browser extension such as https://www.joinfire.xyz/ or https://www.walletguard.app/ to monitor your blockchain transactions and show you what you are signing and approving. Stay safe out there! TigerLionFox Written by TigerLionFox 2 Followers More from TigerLionFox TigerLionFox

  • SurveyJS

    Open-Source JSON Form Builder to Create Dynamic Forms Right in Your App. With SurveyJS form UI libraries, you can build and style forms in a fully-integrated drag & drop form builder, render them in your JS app, and store form submission data in any backend, inc. PHP, ASP.NET Core, and Node.js.

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