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How do I get the mining rewards from the wallet into real money?
How do I get the mining rewards from the wallet into real money?
Smart Harvest Instruments avatar
Written by Smart Harvest Instruments
Updated over 6 months ago

To convert your mined IOT tokens into real money, follow these steps:

  1. Swap Tokens: In your Helium Wallet app, swap your IOT tokens for HNT, SOL, or USDC depending on your preference and the options available. Keep in mind you'll need some SOL in your Wallet to cover transaction fees, see our article on funding your wallet with SOL for more information.

  2. Transfer to an Exchange: Send the swapped tokens to your account on a cryptocurrency exchange. Popular options include centralized exchanges like Coinbase or Crypto.com, or you might consider using a decentralized exchange. Before transferring, consult the exchange’s help materials or instructions specifically for receiving cryptocurrencies to ensure the transfer is executed correctly and securely.

  3. Convert to Dollars: Once your tokens are on the exchange, you can sell them for USD, CAD, or another fiat currency of your choice.

Note: Exchange rates and transaction fees may vary, and some exchanges might require verification before you can withdraw funds.

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