How to sell WAXP safely? Operation process of safe sale of WAXP

For safe WAXP sales, choose reputable exchanges like Binance, Coinbase, or Huobi, create an account, verify your identity, securely store your tokens in a hardware or software wallet, and monitor your transactions for any suspicious activity.

Nov 03, 2024 at 03:30 am

How to Sell WAXP Safely: A Step-by-Step Guide

Step 1: Choose a Reputable Exchange

• Select a well-known and regulated exchange, such as Binance, Coinbase, or Huobi.
• Check the exchange's reputation, transaction fees, and security measures.

Step 2: Create an Account

• Register for an account on the exchange.
• Provide personal information, contact details, and identify verification documents.

Step 3: Deposit WAXP

• Select the "Deposit" option on the exchange platform.
• Copy the WAXP deposit address provided by the exchange.
• Transfer your WAXP tokens from your external wallet or another exchange to the deposit address.

Step 4: Create a Sell Order

• Navigate to the "Trade" or "Sell" section of the exchange.
• Select the WAXP/stablecoin trading pair (e.g., WAXP/USDT).
• Enter the amount of WAXP you want to sell.

Step 5: Set Order Parameters

• Choose the order type (e.g., market order for immediate execution or limit order for selling at a specific price).
• Review the estimated transaction fees.
• Confirm the order by clicking "Sell."

Step 6: Complete the Transaction

• The exchange will process your order and execute the sale based on the order parameters.
• You will receive the proceeds of the sale in the specified stablecoin.

Step 7: Withdraw Funds

• Select the "Withdraw" option on the exchange platform.
• Enter the recipient wallet address.
• Confirm the amount you wish to withdraw.
• Double-check all details and click "Withdraw."

Additional Tips for Safe Selling:

• Use two-factor authentication (2FA) for increased security.
• Store your WAXP in a hardware wallet or a trusted software wallet.
• Be aware of phishing scams that can target your crypto transactions.
• Monitor your transaction history and verify any suspicious activities.
• Follow the exchange's guidelines for safe trading practices.