Publish0x Service Announcement: Monthly Payday is Coming Soon! Here is Everything You Need to Know!

Publish0x Service Announcement: Monthly Payday is Coming Soon! Here is Everything You Need to Know!


Hello good people of Publish0x,

I write this post to remind you that the monthly payday is coming up very soon. On October, 5th all requested payouts are processed. I discuss when to request the payout(s) and I give you instructions on how to do it. Let's begin!

Gas prices are very high. Should I withdraw my crypto or wait until next month?

That decision is up to you. You might be relieved to hear that you don't have to pay the gas fees. Publish0x pays for that. 

So, at least, you won't loose any of your earned crypto due to stupid high gas prices -- and we are left with a "moral" issue.

Should I make Publish0x pay stupid high gas fees? Or should I wait another month?

That is pretty much up to you. Here are my personal thoughts: When payouts were weekly, I did not want to request a withdrawal for every single dollar I earned on Publish0x. The reason is that every time Publish0x has to send you your crypto, they have to pay gas fees which have been extremely high recently. I trust the platform and its founders, so I did not feel the need to request a withdrawal as soon as I reached the minimum of $1 in each of the three cryptos. I did not want to incur unnecessary fees. However, it would be a pity if somehow the site got hacked or went bankrupt or anything else happened which might lead to a total loss of the earned crypto. 

I really hope something like that won’t happen to Publish0x, because I enjoy reading and writing on here a lot.

My personal decision: Better be safe than sorry. 😅 But you decide for yourself. If you only have $1 in each crypto, I would probably not bother requesting a payout. If it is significantly more than that, I would personally feel better requesting a payout. But you do you. I'm just here to help, not to dictate what you should or shouldn't do.

Note that I am using screenshots which I made more than 1 month ago and my balances are significantly higher right now than what you see on the screenshots. Otherwise, I would probably not have bothered requesting my payouts.

When should I request the payout?

As you can only request a payout once per crypto (ETH, BAT and LRC) and you continue earning crypto after you request the payout(s), I would recommend requesting the payout as late as possible. -- But not too late, either. If you wait too long, you might end up being too late for the next payout date.

My recommendation: Request the payout(s) at least one day before they are processed. That means that you have to request your payouts at the latest on October, 4th. 

Disclaimer

I choose to transfer my ETH and BAT from Publish0x to my Uphold wallet. Using Uphold for receiving crypto is not recommended by Publish0x, because it is a custodial wallet -- but it does work for ETH and for BAT. See my tutorial on how to use the Uphold wallet for withdrawing crypto from Publish0x for more details and why it might make sense in some cases.

However, the process in this tutorial is the same no matter which wallet you use. 

Let's start by answering some questions you might have.

Which wallet should I use?

Here is the official Publish0x advice on wallets. To paraphrase a quote from the official Publish0x telegram group:

You're on the safe side by using any of MetaMask, myEtherWallet, Atomic or Trust. The official recommendation on the Publish0x payout page is MyCrypto Wallet. Basically, any self-hosted wallet is recommended; just make sure you keep a copy of your seed words in a safe place.

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What is the minimum amount of crypto I can withdraw from Publish0x?

Publish0x pays you three different cryptos -- which crypto you earn for tipping an article is determined by chance. ETH is the most likely one, BAT and LRC are equally likely and less likely than ETH. Learn everything you ever wanted to know about tipping on Publish0x here.

As you earn three different cryptos, you have three different balances and three different minimum requirements. As of October, 1st 2020 the minimum balance for requesting a withdrawal is $1. That means that if you have a balance of ETH which is currently worth $1, you can request a withdrawal of ETH. No matter how much or how little LRC and BAT you have. The same is true for BAT and LRC; you need $1 worth of BAT/LRC in order to request a withdrawal of your BAT/LRC. 


I have written this tutorial as carefully as possible. But -- just to be safe -- if you end up losing your crypto, I am not responsible. By following this tutorial, you agree to this term.


The steps

Note that the first 3 steps only need to be done once. The second time you request a withdrawal, you can jump straight to step 4.

1. Go to your wallet and locate the correct address for receiving ETH / BAT / LRC . It is super important not to make any mistake here. Otherwise, you will probably loose your earned crypto.
If you want to use Uphold for receiving ETH or BAT, check my tutorial on how to use the Uphold wallet for withdrawing crypto from Publish0x.

2. Now we need to copy the address for receiving ETH / BAT / LRC and paste it in Publish0x here. (Alternatively, you get to that page by clicking on your screen name and click on "settings".)

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3. In the settings click on "wallets".
Make sure that you paste the right address into the correct section.
Note: Make sure to confirm that the address you pasted is indeed the same address that you copied. There have been cases in which browser extensions manipulated crypto addresses maliciously so that scammers receive your crypto instead of you. The extension changed as little characters as possible. So make sure that the pasted address is identical to the copied one.)
Double-check you pasted your ETH / BAT / LRC crypto address into the ETH / BAT / LRC section on Publish0x. If you send the wrong crypto to the wrong address, it will probably be lost...
Then hit save. You will be notified via email that your crypto address was changed. Confirm the email within 60 minutes.

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Note that I only entered my BAT and my ETH addresses. The reason is that I use Uphold and Uphold cannot receive LRC. I will have to get another wallet -- or use Coinbase (which is again not recommended, but it should be possible) -- to withdraw LRC which I will be doing at a later point in time.

4. Now that we set up our crypto addresses, we can request the withdrawal. Navigate to the Dashboard by clicking on your screen name and then "Dashboard". In the dashboard, click on "Payments".

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5. On the payments site you will see which cryptos you can withdraw (remember: minimum balance of $1 required per crypto). Just click on "withdraw".cb5799f9af3e637c02c37beb62d746cecbcf8dce46725d82d20b4c8867fdbe4c.png

If you don't have the minimum amount of ETH / BAT / LRC or if you have not inserted an address to receive the crypto, the "withdraw" button is gray and cannot be clicked.

On that page you will also see any previous payments. In my case we see that on August, 19th my DAI balance was automatically converted to ETH. That was a one-time-event when Publish0x switched from DAI to ETH as the main tipping coin. 

The withdrawals are executed once per week on Mondays. Just click "Withdraw", read the warning message and confirm it. Then wait until the end of next Monday.

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So now, you have done your part

and all that is left to do is to wait for the payout. Happy payday!

 

Don't get me wrong,

I know Publish0x is about more than just earning crypto for writing and reading articles. My time on this platform has been a lot of fun. I met some great people that I would have never met in real life and read some great articles that expanded my knowledge in several different areas, most of all in cryptocurrencies. I think that is worth much more than the crypto itself that I earned by reading -- and writing quite a few articles myself.

 


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MoreGainStrategies
MoreGainStrategies

Technology. Fitness. Health. Stocks. Crypto.


Crypto, Stocks and Stuff
Crypto, Stocks and Stuff

In this blog I write about crypto, stocks and related topics.

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