A Step-by-Step Guide to Selling Tokens and Withdrawing in INR

On Sep 27, 2024

On September 26, Binance officially listed Hamster Kombat (HMSTR), allowing users to engage in trading, margin, and investment activities for the token. Following the listing on major exchanges, HMSTR’s price has seen a notable decline of over 44% from its peak of nearly $0.01, which previously pushed its market capitalization to over $600 million.

Despite this correction, the token remains in an exciting phase, with the potential for significant future gains. However, investors should brace for possible sell-offs as early adopters and airdrop recipients look to secure their profits after the initial surge in trading activity. In this period of uncertainty, here’s a detailed guide on how to sell your tokens and convert them into INR.

Selling Tokens:

Open Binance or your chosen exchange.
Go to the Market section and search for “Hamster”.
Select the trading pair “HMSTR/USDT.”
Click Sell, choose how many tokens you want to sell, and place your sell order.
The sold tokens will convert to USDT in your account.

Withdraw USDT to CoinDCX:

If you want to convert USDT into INR, transfer USDT to an Indian exchange like CoinDCX.
In CoinDCX, go to your Portfolio, click Deposit, and select BEP20 as the network.
Copy the address, then go back to Binance, click on Withdraw, paste the copied address, select BEP20, and input the amount of USDT to transfer.
Confirm the withdrawal, and once it’s processed, your USDT will appear in your CoinDCX account.

Convert USDT to INR:

Once your USDT is in CoinDCX, sell it for INR.
Go to Funds, click on Withdraw INR, and input the amount.
Link your bank account if you haven’t done so already.
Complete the process, and the INR will be deposited into your bank account within minutes.