How can I turn my OPT digital rewards into USD?

Created by Jadyn Kissner, Modified on Fri, 21 Mar at 12:30 PM by Jadyn Kissner

Once the OPT digital reward is listed on exchanges, you may exchange it for USD or other currencies. The value is determined by market conditions, not guaranteed by the community or associated companies.

Once the OPT digital reward is listed on exchanges that support deposits and withdrawals, you will be able to transfer your OPT from your BumpPay wallet to one of those exchanges.

Here’s how the process will work:

  1. Wait for the exchange to enable deposits for OPT.
  2. Transfer your OPT from your BumpPay wallet to your exchange wallet (we will provide instructions when this becomes available).
  3. On the exchange, you can trade your OPT for USDT, USDC, or another stablecoin.
  4. From there, you may convert stablecoins into USD and withdraw to your bank account, depending on the exchange’s supported withdrawal methods.

It’s IMPORTANT to note that:

  • The value of OPT is determined by market conditions on the exchange.
  • Prices may fluctuate, and there are no guarantees of value from the community, the Optio Consortia DAO, BumpPay, or any intergated companies with the blockchain.
  • Community members are responsible for complying with any taxable events, and reporting requirements in your own jurisdiction.
    The community contributors working on this will provide clear communication and step-by-step instructions to the entire community once exchange withdrawals and deposits are live.

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