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How to withdraw Bone ShibaSwap (BONE) coins
To withdraw your Bone ShibaSwap (BONE) coins, you'll need an Ethereum-compatible wallet, sufficient ETH for gas fees, and to follow the designated steps on ShibaSwap.com including approving the transaction and paying associated gas fees.
Dec 14, 2024 at 11:25 am
How to Withdraw Bone ShibaSwap (BONE) Coins
Bone ShibaSwap (BONE) is the governance token of the ShibaSwap decentralized exchange (DEX). BONE holders can participate in the governance of the DEX, vote on proposals, and earn rewards.
Prerequisites:
- A MetaMask wallet or another compatible Ethereum wallet.
- Enough ETH to cover gas fees.
Steps:
- Open ShibaSwap DEX: Go to Shibaswap.com and connect your wallet.
- Navigate to Withdraw Page: On the ShibaSwap dashboard, click "Withdraw" in the left sidebar.
- Select BONE: In the "Token" dropdown menu, select BONE.
- Enter Withdrawal Address: Enter the Ethereum address where you want to withdraw your BONE coins.
- Enter Withdrawal Amount: Specify the amount of BONE coins you want to withdraw.
- Approve Transaction: Click "Approve" to authorize the withdrawal. You will need to confirm the transaction in your wallet.
- Confirm Withdrawal: Once the approval is complete, click "Withdraw" to initiate the withdrawal process.
- Pay Gas Fees: You will need to pay gas fees to complete the withdrawal. The gas fee amount will depend on the current network traffic.
- Withdraw Completed: Once the gas fees are paid, the withdrawal will be processed and your BONE coins will be transferred to the specified address.
Tips:
- Always double-check the withdrawal address before confirming the transaction.
- Withdrawals may take several minutes to complete, depending on network traffic.
- Keep your wallet private key secure to prevent unauthorized withdrawals.
Security Considerations:
- Only withdraw BONE coins to your own wallet address.
- Never share your wallet private key with anyone.
- Be aware of phishing scams that may try to steal your BONE coins.
Additional Information:
- BONE coins can be stored in any Ethereum-compatible wallet.
- You can use decentralized exchanges (DEXs) to trade BONE coins.
- The current BONE price and market cap can be tracked on cryptocurrency price tracking websites.
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