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Feb 12, 2024 9:41 PM

To buy or sell SPIRIT, we recommend using Jupiter. Jupiter is an aggregator that will find you the best available liquidity sources so you get the best price on your buys and sells every time. ⬇️

Swap SPIRIT on Jupiter No idea how to use Jupiter? Keep reading!

✍️ Written by Shino Inori

🔍 Quick Navigation

• 🔍 Quick Navigation
• Summary
• 🔐 Guide: Managing Your Game Wallet
• Extracting Your Private Key
• Deposit and Withdraw $SPIRIT
• In-game Wallet Commands
• 🤝 Guide: Sending $SPIRIT to a Friend
• Sending $SPIRIT Tokens
• 💰 Guide: Buying $SPIRIT
• Cryptocurrency Exchanges
• 1. Crypto.com – simplifies SOL purchases with a debit card
• 2. Coinbase – Top choice for US
• 3. Binance – Top choice internationally
• Popular Solana DEXs
• Jupiter(Recommended)
• Raydium
• Soldex
• Orca
• Solana Digital Wallets
• 1. Phantom (Recommended)
• 2. Solflare
• 3. Ledger Wallet (Optional Addition)
• Sources

Summary

In order to trade Alchemy game tokens and assets, such as SPIRIT or Alchemy God NFTs, you will need to have a basic understanding of digital wallets and cryptocurrency exchanges.

Most Alchemy assets live on the Solana blockchain. Solana is one of the top blockchains in the world known for its speed, affordability, and efficient energy use.

This quick guide will help you create a digital wallet, fund that wallet with Solana in order to make transactions, and cash out your crypto into any fiat currency like USD.

🔐 Guide: Managing Your Game Wallet

This section is tailored for users with existing SPIRIT balances in their game wallet, offering instructions on withdrawing funds and accessing imported private keys.

Alternatively, readers seeking comprehensive guidance on onboarding and purchasing SPIRIT from scratch can continue reading for step-by-step instructions.

Extracting Your Private Key

1. Private Key Usage: Your private key is essential for accessing and controlling your wallet securely. It acts as a digital signature, enabling you to manage your in-game assets effectively.
2. Exporting to Phantom Wallet: To export your private key to Phantom Wallet:
• Open your game wallet and use the /private_key command to display it.
• Copy the private key to your device's clipboard.
• Launch the Phantom Wallet app.
• Navigate to the import section and select "Import Wallet" via private key.
• Paste the copied private key and confirm the import.

Deposit and Withdraw $SPIRIT

1. Deposit $SPIRIT:
• Receive your Alchemy game wallet address.
• Use it as the deposit address for $SPIRIT transactions.
• Initiate the deposit and confirm the transaction.
• Check your wallet balance using /balance.
2. Withdraw $SPIRIT:
• Utilize the /withdraw command to initiate the process.
• Specify the currency name, amount, and destination address.
• Confirm the withdrawal and check your balance using /balance.

Ensure accurate details when using commands for seamless transactions.

In-game Wallet Commands

• /withdraw: Move assets, like $SPIRIT rewards, between your game wallet and verified wallet.
• /private_key: Extract your private key for setting up your game wallet in a compatible app, e.g., Phantom.
• /balance: Display hosted wallet balance and your deposit address.

🤝 Guide: Sending $SPIRIT to a Friend

Sending $SPIRIT Tokens

1. Access Your Discord Wallet:
• Log in to your Discord account where your game wallet is integrated.
2. Initiate Withdrawal:
• Use the /withdraw command in your channel.
• Specify the amount of $SPIRIT tokens you want to send.
• Provide your friend's wallet address as the destination.
3. Confirm and Send:
• Review the withdrawal details carefully.
• Confirm the transaction to send the tokens to your friend.
4. Verification:
• Wait for the withdrawal transaction to process.
• Keep track of the transaction status using the provided transaction ID.

💰 Guide: Buying $SPIRIT

The easiest way to buy $SPIRIT is to first buy Solana (SOL), then swap SOL for SPIRIT. Simply reverse these steps to sell $SPIRIT!

The following is a step-by-step guide to buying SPIRIT using SOL:

Cryptocurrency Exchanges

To transact on and off the Solana blockchain, you require an account with a cryptocurrency exchange. These platforms facilitate the buying, selling, and trading of various cryptocurrencies, offering liquidity and enabling seamless conversion between digital assets and fiat currencies. Exchanges also provide advanced trading tools and security measures, ensuring a safe and efficient trading environment.

1. Crypto.com – simplifies SOL purchases with a debit card

Crypto.com, a popular cryptocurrency exchange, allows easy Solana token purchase with a debit card. They accept Visa and MasterCard, charging a 2.99% fee. The platform offers over 250 digital tokens, catering to various project sizes.

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With that said, the platform waivers this fee for the initial 30 days after you have opened an account.

2. Coinbase – Top choice for US

For an easy way to buy Solana, choose Coinbase – a user-friendly platform launched in 2012. With millions of users and a NASDAQ listing, it's reputable. Register, upload ID, and use Visa/MasterCard for instant purchases.

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Be mindful of the 4% fees for card transactions, but ACH transfers in USD are fee-free, with a 1.49% commission on Solana purchases.

3. Binance – Top choice internationally

Consider Binance for the most cost-effective way to buy Solana from home. With over 90 million users, this top-tier exchange offers super-competitive fees – just a 0.1% commission when trading Solana against supported digital assets like Bitcoin, Ethereum, BNB, or USDT.

Binance offers a low fee structure, when trading Solana against supported assets.

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For US clients, debit/credit card deposits incur a 4.5% fee, with an additional 0.5% for purchasing Solana with USD.

Popular Solana DEXs

As an Alchemy player, understanding decentralized exchanges (DEXs) is crucial. DEXs, unlike centralized exchanges (CEXs), operate without a central authority, offering enhanced security, privacy, and access to a wider range of cryptocurrencies like $SPIRIT. DEXs execute trades directly between users' wallets, reducing hacking risks, and enabling anonymous trading. This differs from CEXs, which are centralized entities.

Solana Digital Wallets

A digital wallet serves as a secure repository for storing and managing various cryptocurrencies, including $SPIRIT. It enables users to send, receive, and store their tokens securely. Essentially, a digital wallet provides users with full control over their cryptocurrency holdings, allowing for seamless transactions and convenient management of assets within platforms like Discord.

1. Phantom (Recommended)

The Phantom wallet, exclusively crafted for the Solana ecosystem, serves as the Solana counterpart to MetaMask. This non-custodial wallet empowers users to self-manage and secure their assets, functioning seamlessly on well-known browsers like Chrome, Brave (built on Chrome), Firefox, and Microsoft Edge. Guide: Setting Up A Phantom Digital Wallet

2. Solflare

Solflare, crafted by Solana Labs, stands as one of the pioneering wallets tailored for the Solana ecosystem. It competes closely with Phantom in popularity and surpasses it by offering support for a broader range of platforms. In addition to the browser extension, Solflare distinguishes itself with its dedicated mobile app.

3. Ledger Wallet (Optional Addition)

Ledger Nano X, an industry-standard non-custodial cold wallet, excels in versatility. Serving as both a primary wallet with staking extensions and enhancing hot wallet security, it offers a robust experience. Priced reasonably at $100-$200, its security features, including a 24-word seed phrase, and user-friendly Ledger Live app make it a valuable investment. While other options are free, the Ledger Nano X's capabilities justify its cost, resembling owning a personalized bank.

Sources