How to Cash Out WLD
A step-by-step guide to converting WLD tokens to fiat currency
WLD (Worldcoin) is not available on Japanese domestic exchanges
To convert WLD to fiat currency, you need to use overseas exchanges or DEXs (decentralized exchanges).
- β’ Cryptocurrency trading involves price volatility risk
- β’ Direct transfers from overseas to domestic exchanges carry account restriction risks
- β’ Incorrect recipient addresses can result in permanent loss of funds
- β’ Tax reporting may be required (consult a tax professional)
1. Overview of the Cash Out Process
Since WLD is not available on Japanese domestic exchanges, multiple steps are required for conversion. Also, direct transfers from overseas to domestic exchanges may result in account restrictions, so we recommend using a non-custodial wallet as an intermediary.
Swap WLD for Other Crypto
Swap WLD for ETH, USDT, etc. on overseas exchanges (Bitget, MEXC) or DEXs (Uniswap)
Transfer to Non-Custodial Wallet
Transfer to a self-custody wallet like MetaMask (to avoid account restriction risks)
Transfer to Domestic Exchange
Transfer from your non-custodial wallet to a domestic exchange (bitFlyer, Coincheck, etc.)
Withdraw Fiat to Bank Account
Convert to fiat currency on the domestic exchange and withdraw to your bank account
Why Use a Non-Custodial Wallet?
Direct transfers from overseas to domestic exchanges carry risks of account freezing or restrictions due to Anti-Money Laundering (AML) policies. Using a self-custody wallet as an intermediary helps mitigate this risk.
2. Preparation
What You Need
World App
World App account with WLD balance
Overseas Exchange or DEX
Bitget, MEXC, or Uniswap, etc.
Non-Custodial Wallet
MetaMask, Trust Wallet, etc.
Domestic Exchange Account
bitFlyer, Coincheck, GMO Coin, etc.
Exchanges and DEXs Supporting WLD
Overseas Exchanges (CEX)
- β’ Bitget
- β’ MEXC
- β’ Bybit
- β’ Gate.io
*KYC verification required
Decentralized Exchanges (DEX)
- β’ Uniswap
- β’ 1inch
*Available with wallet connection only
What is a Non-Custodial Wallet?
A type of wallet where you manage your own private keys. Unlike exchange-managed wallets (custodial), you have complete control over your assets.
- β’ MetaMask: Browser extension & mobile app, most widely used
- β’ Trust Wallet: Mobile app, user-friendly
- β’ Rabby: Enhanced security features
Open Accounts in Advance
Opening a domestic exchange account may take several days for identity verification. To avoid rushing when you want to cash out, complete account setup in advance.
3. Swap WLD for Other Cryptocurrencies
Since WLD is not available on domestic exchanges, first swap it for cryptocurrencies like ETH (Ethereum) or USDT (Tether) that are available on domestic exchanges, using overseas exchanges or DEXs.
Method A: Use Overseas Exchange (CEX)
- β’ KYC verification required
- β’ User-friendly interface
- β’ High trading liquidity
- β’ Examples: Bitget, MEXC, Bybit
Method B: Use DEX (Recommended)
- β’ No KYC required
- β’ Instant access with wallet connection
- β’ Self-custody for higher security
- β’ Examples: Uniswap, 1inch
Steps for Using Overseas Exchanges
Get WLD Deposit Address from Overseas Exchange
Log in to the exchange and copy the WLD deposit address. Make sure to check the network (World Chain, Optimism, etc.).
Send WLD from World App
Tap "Send" in World App and transfer to the copied address.
Swap WLD for ETH or USDT
On the exchange's spot trading screen, sell using WLD/ETH or WLD/USDT pairs.
Steps for Using DEX
Send from World App to MetaMask
Tap "Send" in World App and transfer WLD to your non-custodial wallet address.
Connect Wallet to DEX
Access Uniswap or similar DEX and connect your wallet.
Swap WLD for ETH
Select WLDβETH on the swap screen and execute the exchange.
Transfer Precautions
- β’ Wrong address will result in permanent loss of funds (unrecoverable)
- β’ Always verify that the network (chain) matches
- β’ Strongly recommended to test with a small amount first
4. Transfer to Domestic Exchange
Important: Avoid Direct Transfers
Direct transfers from overseas to domestic exchanges carry risks of account restrictions or freezing due to AML (Anti-Money Laundering) policies. Always use a non-custodial wallet as an intermediary.
Transfer Steps
Transfer from Overseas Exchange to Non-Custodial Wallet
Withdraw the swapped ETH to a self-custody wallet like MetaMask.
*If you used a DEX, the funds are already in your wallet, so this step is not needed
Get Deposit Address from Domestic Exchange
Log in to bitFlyer, Coincheck, GMO Coin, etc. and copy the ETH (or USDT) deposit address. Make sure to check the network.
Transfer from Non-Custodial Wallet to Domestic Exchange
Send ETH from MetaMask to the domestic exchange address.
Convert ETH to Fiat on Domestic Exchange
Once the deposit is confirmed, sell ETH for fiat currency on the exchange.
About Networks (Chains)
- β’ Domestic exchanges often only support Ethereum Mainnet
- β’ When sending from World Chain or Optimism, you need to bridge to Ethereum Mainnet first
- β’ Wrong network will result in loss of funds, so always verify
5. Withdraw Fiat Currency
Once you've converted ETH to fiat on the domestic exchange, withdraw to your bank account.
Withdrawal Steps
Withdrawal Processing Time
- β’ Usually: 1-3 business days
- β’ Varies by exchange
- β’ Weekends and holidays are processed on the next business day
6. Tips and Precautions
π¨ Avoid Direct Overseas to Domestic Exchange Transfers
Due to AML policies, direct transfers from overseas to domestic exchanges carry account freezing risks. Always use a non-custodial wallet as an intermediary.
π Verify Network (Chain)
Always verify that the source and destination networks match when transferring. Domestic exchanges often only support Ethereum Mainnet. Wrong network will result in loss of funds.
π Watch for Price Volatility
WLD prices are constantly fluctuating. Prices may change significantly during multiple transfers and swaps.
πΈ About Fees
Multiple transfers and swaps accumulate fees. Consolidating transfers is more cost-effective than multiple small ones. Avoiding high gas fee periods is also effective.
π Keep Transaction Records
Keep all transaction history and profit/loss records for tax reporting. You'll need records from overseas exchanges, DEXs, and domestic exchanges.
π Security Measures
Always enable 2FA on exchanges. Never share your non-custodial wallet seed phrase with anyone.
π° About Taxes
Cryptocurrency gains may be subject to taxation as miscellaneous income. Profit/loss occurs at each swap (WLDβETH, ETHβfiat). Tax filing is required if annual profits exceed certain thresholds. Consult a tax professional for details.
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