How to sell FTM coins? What are the methods of selling FTM coins?

How to Sell FTM Coins

Fantom (FTM) is a fast, scalable, and secure blockchain platform designed for decentralized applications (dApps). If you own FTM coins and want to sell them, several methods are available.

Methods for Selling FTM Coins

1. Cryptocurrency Exchanges:

OKX:

1. Create an OKX account or log in if you already have one.
2. Deposit FTM coins into your OKX wallet.
3. Navigate to the "Markets" section and select the FTM/USDT or FTM/BTC trading pair.
4. Place a sell order at the desired price and quantity.

Binance:

1. Create a Binance account or log in if you already have one.
2. Deposit FTM coins into your Binance wallet.
3. Go to the "Trade" section and choose the FTM/USDT or FTM/BTC trading pair.
4. Place a sell order with the specified price and amount.

2. Decentralized Exchanges (DEXs):

SpookySwap (on Fantom Opera Network):

1. Connect your wallet to SpookySwap.
2. Select the "Trade" tab and choose the FTM/USDC or FTM/ETH trading pair.
3. Set the sell price and enter the FTM amount you want to exchange.
4. Confirm the transaction and pay the gas fees.

3. Over-the-Counter (OTC) Trading:

• Contact an OTC broker that deals in cryptocurrencies.
• Negotiate the price and quantity of FTM coins you want to sell.
• Complete the transaction through a secure escrow service.

4. Peer-to-Peer (P2P) Platforms:

• Paxful: Create an account on Paxful and connect it to your preferred payment method.
• Post a sell order with the desired FTM price and payment terms.
• Wait for buyers to contact you and complete the transaction.

5. Hardware Wallets:

• Ledger Nano X: Connect your hardware wallet to Ledger Live.
• Navigate to the "Swap" tab and select Fantom.
• Choose the trading pair (e.g., FTM/ETH) and set the order details.
• Confirm the transaction and pay the required fees.

Factors to Consider When Selling FTM Coins

• Market Price: Monitor the current FTM price before selling to optimize your returns.
• Transaction Fees: Different exchanges and methods have varying transaction fees, which can impact your profits.
• Security: Ensure you use reputable platforms with robust security measures to protect your funds.
• Liquidity: Choose exchanges with high liquidity for the FTM trading pair to avoid slippage.
• Tax Implications: Depending on your location, selling FTM coins may be subject to capital gains tax.