Today i've prepared a how to video on purchasing SPS with no fee's. I thought i'd create this video because I didn't really see anything available out there, and I understand that crypto can be daunting for some, so why not create a simple step-by-step video on how to do this in the cheapest manner possible.
So there are 2 things we're going to need here:
Firstly we're going to need a crypto.com account as this is one of the only exchanges currently where you can purchase SPS directly with a debit or credit card.
You can open an account either on your phone with the crypto.com phone app whether you're a google or apple user. But also, if your country allows it, you can instead use the desktop website and open an exchange account with crypto.com for more accessibility. The reason we are going to use crypto.com is because for the first 30 days after opening your account, you will not have to pay any fee's to purchase crypto's up to the sum of $30,000 dollars. Which is where the no fee's part comes in. Be a champion and also use my referral link: https://crypto.com/exch/fqqq3fnm7x as we'll both be granted an extra $25 dollars too if all steps are fulfilled.
Secondly we're going to need a meta mask account. Again, this can be downloaded as an extension for your browser, you can follow this link for that: https://metamask.io/download/
Otherwise you can simply download the app from your phone on either the apple or google app store if you don't have access to a desktop computer. Metamask is an online cryptocurrency wallet where you can hold many different cryptocurrencies simultaneously and you will be given your unique wallet number and seed phrase which you should write down somewhere safe because if you lose that, you won't be able to access your monies.
Now that we have an account with Metamask, we're going to do 2 things. Firstly we're going to have to add the binance smart chain network to it, as this is the network that SPS runs on. Basically, different cryptocurrencies run on different networks, so we need to make sure that we add the correct network synonmous with SPS in order to send and receive it. We can do this manually by searching for the specific binance smart chain network parameters on the official binance website. Otherwise we can go to https://www.chainlist.org where you can add multiple networks with ease. So on the chainlist website go ahead and click connect wallet where it says Binance Smart Chain, and then you will get a button that says add to metamask. If you are looking at purchasing other crypto's that are on different networks, remember for later that you can add them easily here too.
Now that we've added the BSC network, we can select it at the top of META MASK by click on the drop down menu at the top of the metamask window and select "Binance Smart Chain Mainnet". After we've done this we are going to have to import the token into Metamask. If you are a new wallet holder you will have to add it, as the default visibility is hidden. To do this, we need to add the contract address of SPS. A contract address is essentially the address from which the token was deployed. Think of it like the company address or the central hub for the token. We need to do this so we can see a visual representation of the amount of the token we have in our metamask wallet.
So to find the contract address we'll head over to https://www.cryptomarketcap.com which is a database of all cryptocurrencies available and we'll type in SPS in the top right hand corner to find our token. Just below all the information here for SPS there is the contract address and a handy little button that allows you to automatically add the information to metamask autotomatically. So click on that.
Next we're going to need some BNB. BNB is binance coin, and this is a cryptocurrency that can be used to trade and pay gas fees on the Binance smart chain network.
Gas is the unit of measurement used to describe the computational resources required to execute a transaction on the Binance Smart Chain (BSC). Each transaction on the blockchain uses resources and requires a fee. If we were using a different network like ethereum network, we would be paying gas in ethereum. However because SPS is located on BSC we will need Binance coin. One of the great things about the binance smart chain is that gas fee's are extremely minimal as opposed to some other networks.
So we can do this a number of different ways, you can either purchase BNB directly from Metamask by pressing the buy button in Metamask. I only transferred $5 dollars worth which will last me quite some time. Or you can do it from the crypto.com phone app. By the way, this is a good time to mention that you can transfer any crypto's for free between your crypto.com phone app and the crypto.com exchange desktop version by simply pressing on the crypto in your phone app and then pressing the withdraw and then select "Transfer crypto to crypto.com exchange with no fee's" or vise versa if you so desire.
Once you've purchased a little bit of BNB, we're going to transfer this to Metamask by choosing transfer to an external wallet in the crypto.com app. So if you're using the metamask phone app you can just click the receive button and it will copy your BSC wallet address and then paste that into your crypto.com external address field. Or if you're doing it from your computer you can just go into your wallet and hit this wallet address field and it will automatically copy it, and then just paste that into the external wallet address field on the exchange.
Once that has been sent over, it will show up in your Metamask wallet once the transaction is processed and confirmed.
Now that we've done that, we can send our SPS that we've purchased over to Metamask. We'll do this by heading to our crypto.com app or exchange and hitting the withdraw button. Select external wallet address and then click the add withdrawal address. Before entering the address make sure BEP20 is selected in the drop down menu. Now we can add the address which is the same address that we copied from Metamask, so we can go back over to Metamask, copy the address and then paste that into this field. This will make it so that we don't have to look up the address whenever we want to transfer to our metamask wallet in the future. Once that's all done and you've added your address, I would first send a minimal amount of SPS to ensure that you have the correct address and you have followed all the steps correctly. I first did a test withdrawl of a small amount before using a larger amount to ensure it's delivery because if you send it to the wrong address, poof, your hard earned cash is likely gone. The transferring process should take 5-10 minutes.
So it took a total of 7 minutes to send the SPS into my Metamask wallet, but this will vary depending on how congested the network is. And we're at the final stage now that we have both tokens (SPS & BNB) in our metamask wallet and we're ready to send the SPS over into the Splinterlands game. So lets head over to our SPS wallet in splinterlands and then hit the "manage wallets" button. Click on Binance Smart Chain and again copy and paste your metamask BSC wallet address. A window will pop up with metamask asking if you want to connect this account to the Splinterlands website, and you can hit approve.
Now all we have to do is click the transfer button down the bottom and select Binance Smart Chain from the drop down menu, then select how much SPS you want to send over. Click "TRANSFER IN" and another window will pop up where you can start the transfer. And that's it! Congratulations! You've successfully created a crypto wallet, added the required networks, transferred funds into it and into the Splinterlands game, without any fee's when purchasing from crypto.com. Unfortunately there will always be gas fee's when sending to any network, and we should look at these as the cost of doing business. But fortunately they were extremely minimal. Infact in total I think I paid $10 dollars including the TeraBlock fee's. Which is far less than the 5% usual cost of the total amount transferred.
You'll still have BNB left over in your Metamask account for the next time you wish to purchase SPS and send it over because as mentioned, it only requires a very small amount to transfer
Thats all I have for you at the moment guys, thanks for watching the video, and I hope this has helped some of the newcomers to the crypto scene get in to SPS as I believe we're incredibly undervalued at current prices. I'd love it if you used my referral code because it'll benefit both of us. Appreciate your support as always.
Crypto.com Referral: https://crypto.com/exch/fqqq3fnm7x
MetaMask Download: https://metamask.io/download/
Chainlist Crypto Networks: https://www.chainlist.org
List of all Crypto's & Contract Addresses: https://www.cryptomarketcap.com