How to sell usdt in imtoken

How to Sell USDT on imToken

Key Points

• Install the imToken wallet on your preferred device.
• Set up an account and verify your identity.
• Add USDT to your wallet by depositing or purchasing it.
• Select the "USDT" balance in your wallet.
• Initiate a "Sell" order and enter the details of the transaction.
• Confirm the order and wait for execution.

Step-by-Step Guide

1. Install the imToken Wallet:

• Download imToken from the official website or the Apple/Google Play store.
• Choose "Create a new wallet" and follow the instructions to set up an account.

2. Set up and Verify Your Identity:

• Open the imToken app and create a strong password.
• Create a backup for your wallet (seed phrase or private keys).
• Verify your identity through facial or fingerprint recognition (recommended).

3. Add USDT to Your Wallet:

• Go to the "Assets" tab in the imToken app.
• Select "USDT" and tap on "Receive."
• Obtain a USDT address, deposit USDT from another wallet, or purchase USDT through the in-app partner.

4. Select USDT Balance:

• Return to the "Assets" tab.
• Tap on the "USDT" balance you wish to sell.

5. Initiate Sell Order:

• Choose the "Sell" button at the bottom of the screen.
• Enter the amount of USDT you want to sell and the desired price.
• Select the trading pair (e.g., USDT/BUSD).

6. Confirm Order:

• Review the transaction details, including fees and exchange rates.
• Agree to the terms and conditions.
• Tap "Confirm" to initiate the sell order.

7. Wait for Execution:

• The order will be placed in the market and matched with buyers at the specified price or a better price.
• Once the order is executed, USDT will be deducted from your balance, and the proceeds will be credited to your preferred currency.

FAQs

1. What are the fees associated with selling USDT on imToken?

• imToken charges a withdrawal fee for each transaction. The fee varies depending on the network and can be adjusted by customizing gas fees.

2. How long does it take to sell USDT on imToken?

• The execution time depends on market conditions and network congestion. Usually, it takes a few minutes to several hours.

3. Can I cancel a sell order on imToken?

• Yes, as long as the order has not been fully matched. Go to the "Orders" tab and cancel the order.

4. Where do the proceeds from the USDT sale go?

• The proceeds will be credited to your preferred currency in your imToken wallet. You can then withdraw or exchange the proceeds as needed.

5. Is it safe to sell USDT on imToken?

• imToken is a secure and reputable cryptocurrency wallet. It uses advanced encryption and industry-standard security measures to protect user funds and transactions.