Home

Withdrawing Your Microworkers Balance with ONTO

Key Things to Know before Withdrawing Your Microworkers Balance with ONTO:

You can withdraw your Microworkers balance directly to your ONTO wallet as BUSD or into a Prepaid EURO Mastercard.

  1. BUSD

    • BUSD is a digital currency of type BEP-20, not fiat money

    • BUSD can be swapped to other digital assets and used for wealth management and investing

    • BUSD can also be swapped to fiat money on centralized exchanges but will induce a fee and KYC verification may be required

  2. Prepaid EURO Mastercard

    • To apply for a card, a passport photo is necessary to perform KYC verification

    • Your application may be rejected

    • Currencies withdrawn would be automatically swapped to EURO

If you have any question regarding ONTO, please email contact@onto.app.

Withdraw Funds to ONTO

  • Place a new withdrawal request

  • Choose ONTO as the withdrawal method

  • Fill the withdrawal info and submit

  • Wait for Microworkers to review and approve the withdrawal application

Open ONTO NPay dApp after Approval

  • Open the NPay dApp in ONTO Once Microworkers approves the withdrawal

  • Check Available Balance

  • Click “Withdraw”

Withdraw Balance to ONTO wallet as BUSD

  • Choose “Withdraw BUSD”

  • Enter the amount and click “Withdraw”

  • Enter password to confirm

  • Add, check and use BUSD + the extra bonus (5 ONG & 0.01 BNB for first-time withdrawal in cryptocurrency) on the Assets page

BUSD (BEP-20)

  • BUSD (BEP-20) discussed here is a 1:1 USD-backed digital stablecoin issued on BSC (Binance Smart Chain)

    • Make sure you choose the right receiver when you initiate a transfer of your BUSD

  • BUSD (BEP-20) can be swapped to other digital assets and used for wealth management and investment

  • Add BUSD (BEP-20) to ONTO Assets page

    • Click the plus sign on the Assets page

    • Then enter BUSD to search

    • And then click the plus sign/check on the right side of the search result to add it

BNB (BSC)

  • BNB (BEP-20) discussed here is a digital coin on BSC (Binance Smart Chain)

    • Make sure you choose the right receiver when you initiate a transfer of your BNB

  • BNB (BSC) is the native coin of BSC (Binance Smart Chain), it is used to fulfil transaction fees

    • A balance of about 0.0008 BNB is needed to successfully initiate a transaction

    • Each transaction costs about 0.0002 BNB

    • First-time users who withdraw BUSD on ONTO Wallet will receive 0.01 BNB as a bonus

    • You can get more BNB (BSC) on digital currency exchanges

      • Decentralized exchanges such as BakerySwap (see tutorial on the next page)

      • Centralized exchanges such as Binance (https://www.binance.com/en/support)

Swap BUSD to BNB on BakerySwap with ONTO

  • Open BakerySwap on the “Market” page

  • Click “Exchange”

  • Select token “BUSD” and “BNB”

  • Click “Approve BUSD”

  • Swap: Click “Swap” and then “Confirm Swap”

Swap BUSD (BEP-20) to Fiat Money

  • Laws and regulations on digital currency varies in different countries or regions, please make sure you abide by the related laws and regulations

  • BUSD (BEP-20) can be swapped to fiat money on centralized exchanges where users may need to perform KYC verification

    • Swap BUSD (BEP-20) to fiat money directly on Binance: https://www.binance.com/en/support

  • BUSD (BEP-20) can also be swapped to other digital currency, and then swapped to fiat money on exchanges or OTC (over-the-counter) trading platforms

Withdraw to a Prepaid EURO Mastercard

  • Disclaimer

    • To apply for a card, please prepare a passport to perform KYC verification

    • Application forms are reviewed by Railone, not ONTO

    • Applications may be rejected

    • Currencies withdrawn will be automatically swapped to EURO

  • Management Fee: 1 EURO/Month

    • Charged by Railone

    • Cards will turn inactive if management fees are not paid for 6 months

  • Current Promotion: 1 EURO/Month

    • Provided by ONTO

    • Equal to monthly management fee

    • Will be sent directly to your card in the following month

Apply For a Prepaid EURO Mastercard

  • Click “Linked Cards” and login on the Railone page

  • Fill out the form to apply for a prepaid EURO Mastercard (first time users only)

Withdraw Balance into a Prepaid EURO Mastercard

  • Choose “Withdraw to MasterCard” once the application is approved

  • Enter the amount and click “Withdraw”

  • Enter password to confirm

  • Double check the MasterCard info

  • Spend the balance with the card number and CCV on shopping websites

Generate and View VC (Verified Credential)

  • Click “Transactions” at NPay main page

  • Click “Generate VC”

  • Enter password to confirm and wait until “Success”

  • Go back and Click “Linked Accounts”

  • Click “My VC” to view VC details

Last updated