If you want to buy or trade SLP on Binance to take advantage of SLP's role in the Axie ecosystem, here's what you need to know.
SLP or Smooth Love Potions are tokens used by one of the top play-to-earn games, Axie Infinity, with Binance now being a popular exchange used for trading SLP. Axie Infinity offers SLP as rewards to its players which can later be redeemed by exchanging them for fiat currency via crypto exchanges such as Binance.
These SLPs accelerate and help in Axie Infinity breeding, allowing players to progress through the game. Let's take a look at how users can trade SLP via Binance.
How To Purchase Smooth Love Potions on Binance
Binance has now made it much easier for its users to purchase and trade SLP after adding the BNB/SLP pair. After signing up for Binance, here's what to do.
- Deposit your preferred cryptocurrency to exchange for SLP - whether that's ETH, BUSD, BNB, or BNB.
- Check your balance and whether the deposited cryptocurrency is processed and is reflected in the account.
- Place a buy order to purchase SLPs on Binance by accessing the Exchange button on the dashboard.
- Search for and find your relevant SLP trading pair.
- Place your order by entering the desired amount of SLP that can be bought by the cryptocurrency you already possess in your account.
- Click confirm and wait for your purchase to reflect in the account.
How To Transfer SLP From Binance To Ronin Wallet.
- Hover over Binance's Wallet tab and select Fiat and Spot option.
- Click Withdraw.
- Select Ronin (Ron) network.
- Open your Ronin wallet and copy your address (Ronin).
- Paste it on the address bar in the respective Binance account.
- Click on continue to proceed ahead.
- Complete the security verification. Click on submit once completed.
And that's it! The status of the transaction might take a while to be reflected in your ronin account, but after that, you're ready to go trade on the Axie Infinity Marketplace.