I have some posts about selling Moons (pinned on my profile for the interested). But people often ask me how to cash out their Reddit avatars.

In this post, I'll answer this question for absolute beginners that know nothing about DeFi or web3.

Follow these steps in order or skip to the one that you're on:

1. Get your seed phrase from your vault

Your avatars are actually NFTs in your "vault" (crypto wallet provided by Reddit).

You control this wallet via a seed phrase, which is a sequence of 12 words. You can get it from here:

Click on Profile -> Vault -> Settings -> Recovery Phrase

Never share this with anyone, ever! If a scammer has it, they can get everything from your wallet.

2. Install MetaMask

Install MetaMask from https://metamask.io/download/.

Click "Import Wallet" (not "create new wallet") and paste your seed phrase from step 1 there.

Now you control your Reddit vault address through a MetaMask wallet.

3. Get MATIC gas for free

Your NFTs are on the Polygon network. So in order to trade them, you'll need some MATIC for gas (transaction) fees.

Go to r/CryptoCurrencyMoons and comment "!gas matic" on any post.

This will send a small amount of MATIC to your Reddit crypto wallet - sufficient to pay for transaction fees for what we're about to do.

4. Connect to OpenSea

OpenSea is an NFT trading platform where you can buy and sell NFTs, including your Reddit avatars.

Go to https://opensea.io/ and connect with your MetaMask wallet.

Then, click on "Profile" (upper right corner) and it will show you the NFTs that you own.

5. List an NFT for Sale

Hover over the NFT/avatar you want to sell and click "List for Sale".

On the popup, enter the amount of MATIC or ETH you're asking for your NFT.

For the purposes of this tutorial, I'll assume you'll list it for MATIC, as we're on the Polygon network.

Confirm the transactions that MetaMask ask you to confirm and you're done - your NFT is listed for sale and now you're expecting someone to buy it.

Pro tip: note the floor price - that's the lowest asking price for an NFT from that collection. If you're asking much more than that, maybe nobody will buy it. If you want to sell ASAP, set a price below the floor price or just accept the best offer.

6. Someone buys your NFT

Nothing to do here - this happens automatically. The NFT will be transferred to the buyer and their MATIC will be transferred to your wallet.

7. Send the MATIC to your CEX (centralized exchange)

You're probably using one of Kraken, Binance, Coinbase, etc. The process is the same for all.

Click deposit and select MATIC. Make sure that the network is Polygon and not Ethereum.

Copy the address (format "0x...") and open MetaMask.

In MetaMask, just click Send, paste the address and select "max" to send all the MATIC.

Confirm the transaction and you're done.

8. Sell the MATIC for cash

This step needs no explanation.

Just go to your exchange and sell the MATIC for the FIAT currency of your choice. Then, withdraw it to your bank account.

Congrats! You made money by participating in r/CryptoCurrency! ????

​