Transcript for:
Exchanging Web Money for Cryptocurrency

good day so let me make it faster um I know some people are finding it difficult to exchange their web money into maybe USD to LTC or exchange it and sell it on Exchange maybe buying us okay X so today I want to explain how you can exchange your web money dollar into any crypto to withdraw it out or sell it on Exchange so you can watch this video to understand so the first step when you are on your home page like this note before you start all this make sure that your account is already verified you can use um I think they accept a national ID card which is plastic ID card and a voters card so it has to be plastic ID so one of the account is verified and you already add uh fund on your account so the first step you need to do is um well you have to check all this so this one is for wmz so it's so in dollar which is 14.16 here so you have to check if you have all this uh I can so for you to add all these wallets so this one is usdt wallet and this one is a LTC wallet so for you to add your own you can click on this plus sign here so once you click on this plus sign so it's going to show you the rest of the um wallet so once you click the plus sign is we are going to see something here below so we create you click on create a post so once you create a create a post then you can add any wallets you like so this one is your ethereum this one is bch and this one is BTC and the gold and so forth so I've already added litcon and usdt so I would advise you to choose litcoin because litcoin has lowest transaction is compared to other coin so once you have um your wmz dollar and you want to exchange it to maybe let's take a little one as an example so once you have this dollar you've already withdraw to this then you want to exchange it to litcoin so you have to add litcoin on the hour I taught you before just now so once you add it so this is a litcoin wallet you can say I have 0.98 on the litcoin wallet now what you need to do is um click on this drop down arrow here so once you click on it so you're going to see um exchange fund so you click on Exchange font so it's we are going to it's going to show you a place like this so now this is um my wmz if you have fun in another maybe use it you can actually exchange it to another one as well but I have wmza and this one is WMT this team is usdt and this Z means the um the uh what they call it I've forgotten the name bodies for a web Bonnie uh currency so now I want to exchange it to relatecon just click on this drop down arrow that is from my dollar Dominion set to any other coin so I already have litcoin here then you click on it so once you click on it then you are going to enter how much am I having on my account which is 14.04 so how much you have on your balance is going to show automatically there so let's enter 14 points zero four so I'm going to get 122.45 LTC so this one is um a WMA form so now we are going to check the um reads on Exchange so and then we are going to compare whether doing this method is okay or you can try another method so I'm going to get 126.45 right so let's store it somewhere so this is 122.45 now so once you already done that then you click on OK so your phone will be exchanged to LTC now then you already have it is your dollar is going to be raised from here and it's going to appear on this LTC now if you want to transfer your LTC to any other wallet you like maybe binance so I'm using Nokia so I've already copied my address from okx then you come back here then you click on transfer so once you click on transfer then you click on to LTC address you want to withdraw to LTC address then click on it then you enter your LTC address here so once you enter your LCC address it's going to show you now you can see the rate one WM held its coin will give you 0.001 litcoin so this 0.001 this coin is the real when we wish the other exchange use so let's calculate it how much we have in here 122.45 multiplied by 0.001 so multiplied by 0.001 that means I'm getting 1 4.122 four five LTC so this is your amount I'm getting so let's say okay let's copy this so this is the amount I'm going to get back so they already added the fix of exchange rate with then you click on next so once you click on next so it's going to show you this so here is the commission they charge on the withdrawal of LTC 0.00 and you can see its look so then we're going to enter the amounts we want to withdraw here so on this I'm going to remove 0.001 so that means they're going to remove one from here so it's going to remain one and you have the 0.1214 left so let's check this on our exchange and see the rate so you come back to your okay X app so um this for the people that know how to trade so if you know how to use um sport trading if you do not use portrait you can actually use convert or maybe binance or okay X but I want to use trading here so once you receive your FTC here you can see the rate then you enter it let's enter the amount you want to sell to usdt so 0.1214 that means I'm going to get 10.69 so this is the amount I'm going to get from my 14 so four dollars already gone so I have ten dollar left you can see the amount it remains but if you try to use BTC or USD you can get lower than that because their fees is high so I'll advise you to use this if you want to use this so the second method is um doing P2P so let's check the pizza thing so you can actually it is um okay this is the only wallet I know that has this payment method of wmz so now I want to choose is ready once you here just click on this Arrow up here which is USD then you select I've already you can your own will be automatically on engine so you have to select USD so it's already on USD then you click on filter so once you click on filter then you scroll up to find the web money wallet on here so let's find web one so here is web webmon so this is a weapon and then click on it so you're just going to show you people that want to trade with web money so you have to transfer your web money dollar to them and they will release the USD for you so this one is from 10 to 95 USD above that means I can buy from this person so now we click on Buy so I've already click on that so how much am I having on web money note if you have to send dollar to this person so web bone also charge fees but um I don't remember this is the charge but you can actually let's say out of my 14 I can say maybe they will charge maybe 0.5 let's say for example so let's see okay this is my 14.16 so let's see I want to transfer now so I'll transfer to um so it is where you're going to transfer to uh to a post you're going to choose to let's say say pause so now this user let me show you for you to understand very well so now I'm having let's say I'm having 14 on the heat yeah so you are going to enter let's say 13. so let's say 13. so if I should enter 13 now so I'm going to have 10.40 left so this is the um wmz you can actually change this payment method here um this is wmz um web money so let's choose wmz now so I'm going to click buy so look at so this is what so this is what we are going to get now so now I'm going to copy the user um other ID so I'm going to continue the payments so once I continue with the payment you know I have 14 left 14 minutes left to complete this order so this is the name of the account and this is wallet ID so that means I'm going to send 13 to that person and I'm going to get how much in return 10.4 usdt so let's say I want to do so um let's let's reload so sorry for the delayed so now I'm sorry for the delay so I hope you've understand or what I've just choose now so now I'm going to enter the person's wmz yeah so this is account and I'm going to enter the amount I want to transfer to you which is 13. you can hide the note so I want to hide there but it doesn't necessary so you transfer type you can choose normal so we've used using the protection so it can take a longer thing and the fees will be lower so once you are done with that then you press next so it's going to transfer this amounts to the person and once your your transaction is successful then you click on payment completed so once the person receives the payments you note this transaction is very fast so once the payment the person receives the payment then you will release the 10.4 dollar to you so I'm canceling this trade now so I've just used this as an example come on um so so so these are to do it now so I've already come to I already cancel the order now so this is how to do it so once you're already transferred then it's going to release your coin to you so once you have your coin here then you can exchange it to uh maybe sell it to naira from here to your bank account so you're going to choose nearly here so you already have your 10.4 dollar you can see on LTC I have 10.68 while on P2P trading I have 10.4 so that means using LTC uh method is more profitable than P2P trading so you can actually sell your maybe your any of the amounts to naira from here for people that are now to trade so this is how I think it's a better way to do this