How To Cash In On Your Earnings With Cloud Mining!
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Congratulations on earning enough coins to withdraw from your Eobot account! You've reached the 100 minimum Dogecoin threshold to withdraw.
Now you have to decide what you want to do with your earnings there are three routes you can choose from. Here are your options:
1. Reinvest in your mining power (a.k.a. Ghs)
2. Cash in
3. Invest in other coins on an exchange
The first step is fairly simple, we do the usual that we discussed in the first blog where you exchange your coins for mining power:
The second step is easy especially if you have been mining bitcoin, litecoin, or ethereum. If you were mining any of those three you can just withdraw your coins directly into your Coinbase account:
Once you send your coins into the coinbase account (p.s. if you do not have an account you will need to make one) you can sell it will deposit directly into your bank account. If you have been mining any other coins than the main three listed bitcoin, litecoin, or ethereum than you need to exchange those coins for one of those three on an exchange.
So you deposit your coins from eobot by clicking on the wallets dropdown menu then selecting balances. There you can find every coin that you have been mining and deposit it.
Click on the dropdown arrow by the coin that you have been mining once you find the deposit button there you will find an address to copy and paste into your eobot account that looks similar to this.
Then you will paste this into the withdrawal section of eobot then select the amount of coin that you would like to withdraw. You can even setup an automatic withdraw if you collect enough coins frequently. This is what your withdrawal section would look like if you were going to do it with Dogecoin:
The top portion is where your wallet address goes for the Novaexchange shortly after you withdraw it should be deposited into your account. Then you can sell your exchange you coins for one of these three bitcoin, litecoin, or ethereum if you are trying to send it over to coinbase. You click on the market of which you would like to buy/sell with. Not every coin has the same market options.
The next steps are fairly simple you have a buy section on the left and a sell section on the right.
Click on the blue number and it will select all of your coins if you are wanting to convert them into bitcoin for example. Then click on the sell Doge for example if that is the coin you are wanting to do it in. Now I am not actually going to sell my coins but this is just an example for those of you that might want to. Then you would go to your coinbase account and find your wallet address so that you can send your earnings over there. Click on the accounts tab and select bitcoin if that is the coin your converted your mined currency into. There will be a wallet address button like this:
It is the same process that we have been doing. When you are finally done you will hit the buy/sell button in coinbase and then be on your way. You must have a bank account in order to receive any deposits.
Also you have now learned how to exchange coins for different currencies on the nova exchange.
Be sure to stay tuned for more content and make to start mining today!
How To Cash In With Cloud Mining!
Here are all the links you will need to set up your accounts:
Follow my youtube channel to get all the information in video format and to view previous topics :)
Get started mining absolutely free here:
Here is a link to sign up with Coinbase:
Here is the link to sign up for the exchange:
Make sure to click on SUBSCRIBE!
