Withdrawing Your Microworkers Balance with ONTO
You can withdraw your Microworkers balance directly to your ONTO wallet as BUSD or into a Prepaid EURO Mastercard.
- 1.BUSD
- BUSD is a digital currency of type BEP-20, not fiat money
- BUSD can be swapped to other digital assets and used for wealth management and investing
- BUSD can also be swapped to fiat money on centralized exchanges but will induce a fee and KYC verification may be required
- 2.Prepaid EURO Mastercard
- To apply for a card, a passport photo is necessary to perform KYC verification
- Your application may be rejected
- Currencies withdrawn would be automatically swapped to EURO
- Place a new withdrawal request
- Choose ONTO as the withdrawal method
- Fill the withdrawal info and submit
- Wait for Microworkers to review and approve the withdrawal application
- Open the NPay dApp in ONTO Once Microworkers approves the withdrawal
- Check Available Balance
- Click “Withdraw”
- Choose “Withdraw BUSD”
- Enter the amount and click “Withdraw”
- Enter password to confirm
- Add, check and use BUSD + the extra bonus (5 ONG & 0.01 BNB for first-time withdrawal in cryptocurrency) on the Assets page
- BUSD (BEP-20) discussed here is a 1:1 USD-backed digital stablecoin issued on BSC (Binance Smart Chain)
- Make sure you choose the right receiver when you initiate a transfer of your BUSD
- BUSD (BEP-20) can be swapped to other digital assets and used for wealth management and investment
- Add BUSD (BEP-20) to ONTO Assets page
- Click the plus sign on the Assets page
- Then enter BUSD to search
- And then click the plus sign/check on the right side of the search result to add it
- BNB (BEP-20) discussed here is a digital coin on BSC (Binance Smart Chain)
- Make sure you choose the right receiver when you initiate a transfer of your BNB
- BNB (BSC) is the native coin of BSC (Binance Smart Chain), it is used to fulfil transaction fees
- A balance of about 0.0008 BNB is needed to successfully initiate a transaction
- Each transaction costs about 0.0002 BNB
- First-time users who withdraw BUSD on ONTO Wallet will receive 0.01 BNB as a bonus
- You can get more BNB (BSC) on digital currency exchanges
- Decentralized exchanges such as BakerySwap (see tutorial on the next page)
- Centralized exchanges such as Binance (https://www.binance.com/en/support)
- Open BakerySwap on the “Market” page
- Click “Exchange”
- Select token “BUSD” and “BNB”
- Click “Approve BUSD”
- Swap: Click “Swap” and then “Confirm Swap”
- Laws and regulations on digital currency varies in different countries or regions, please make sure you abide by the related laws and regulations
- BUSD (BEP-20) can be swapped to fiat money on centralized exchanges where users may need to perform KYC verification
- Swap BUSD (BEP-20) to fiat money directly on Binance: https://www.binance.com/en/support
- BUSD (BEP-20) can also be swapped to other digital currency, and then swapped to fiat money on exchanges or OTC (over-the-counter) trading platforms
- Disclaimer
- To apply for a card, please prepare a passport to perform KYC verification
- Application forms are reviewed by Railone, not ONTO
- Applications may be rejected
- Currencies withdrawn will be automatically swapped to EURO
- Management Fee: 1 EURO/Month
- Charged by Railone
- Cards will turn inactive if management fees are not paid for 6 months
- Current Promotion: 1 EURO/Month
- Provided by ONTO
- Equal to monthly management fee
- Will be sent directly to your card in the following month
- Click “Linked Cards” and login on the Railone page
- Fill out the form to apply for a prepaid EURO Mastercard (first time users only)
- Choose “Withdraw to MasterCard” once the application is approved
- Enter the amount and click “Withdraw”
- Enter password to confirm
- Double check the MasterCard info
- Spend the balance with the card number and CCV on shopping websites
- Click “Transactions” at NPay main page
- Click “Generate VC”
- Enter password to confirm and wait until “Success”
- Go back and Click “Linked Accounts”
- Click “My VC” to view VC details
Last modified 11mo ago