Here’s a look at Binance and SLP.
SLP or Smooth Love Potions are tokens used by one of the best play-to-win games, Axie Infinity, with Binance now being a popular exchange used for SLP trading.
Axie Infinity offers SLPs as rewards to its players which can then be redeemed by exchanging them for fiat currency through crypto exchanges such as Binance.
These SLPs accelerate and help breed the game’s mythical characters called Axies, allowing players to progress through the game.
Let’s take a look at how users can trade SLPs through Binance.
HOW TO BUY SOFT LOVE POTIONS ON BINANCE
Binance has now made it much easier for its users to buy and trade SLP after adding the BNB / SLP pair. After registering with Binance, here’s what you need to do.
Deposit your preferred cryptocurrency to exchange for SLP, be it ETH, BUSD, BNB or BNB.
Check your balance and if the deposited cryptocurrency is processed and reflected in the account.
Place a buy order to buy SLP on Binance by accessing the Exchange button on the dashboard.
Search and find your relevant SLP trading pair.
Place your order by entering the desired amount of SLP that can buy the cryptocurrency you already own in your account.
Click confirm and wait for your purchase to be reflected in the account.
Read more: Axie Infinity Land Gameplay: When is the Axie Infinity Land game launched?
HOW TO TRANSFER SLP FROM BINANCE TO RONIN WALLET.
To make in-game purchases through the Ronin wallet, players must transfer their SLP from their Binance accounts to their Ronin wallet. To do so, users must:
Hover over the Binance Wallet tab and select the Fiat and Spot option.
Click on Withdraw.
Select Red Ronin (Ron).
Open your Ronin wallet and copy your (Ronin) address.
Paste it into the address bar of the respective Binance account.
Click continue to proceed.
Complete the security verification. Click submit once completed.
And that’s it! It may take a while for the transaction status to be reflected in your ronin account, but after that, you are ready to trade on the Axie Infinity Marketplace.