How to sell CFX coin? What are the methods of selling CFX coin?

Sell CFX coin on Binance, Gate.io, or KuCoin, directly through decentralized exchanges like Uniswap and Sushiswap, or via peer-to-peer platforms such as LocalBitcoins and Paxful.

Oct 21, 2024 at 10:12 pm

How to Sell CFX Coin

Conflux Network (CFX) is a high-performance, permissionless Layer 1 blockchain platform designed for decentralized applications (dApps). CFX coin is the native token of the Conflux Network, which serves as a medium of exchange and payment for transaction fees.

Methods to Sell CFX Coin

There are several ways to sell CFX coin:

1. Cryptocurrency Exchanges

• Binance: Binance is the largest cryptocurrency exchange by trading volume, and it supports trading CFX in multiple pairs.
• Gate.io: Gate.io is another reputable exchange that supports trading CFX.
• KuCoin: KuCoin is a popular cryptocurrency exchange known for its low trading fees.

2. Decentralized Exchanges (DEXs)

• Uniswap: Uniswap is a decentralized exchange that runs on the Ethereum blockchain, allowing users to directly trade CFX against Ethereum (ETH) or other ERC-20 tokens.
• Sushiswap: Sushiswap is a decentralized exchange similar to Uniswap, offering a range of decentralized finance (DeFi) products and services.

3. Peer-to-Peer (P2P) Platforms

• LocalBitcoins: LocalBitcoins is a popular P2P platform that facilitates over-the-counter (OTC) trades between individuals.
• Paxful: Paxful is another P2P platform that offers a wide range of payment options for buying and selling CFX.

Steps to Sell CFX Coin

1. Create an Account on a Cryptocurrency Exchange

If you choose to use a cryptocurrency exchange, you will need to create an account and complete the necessary verification procedures.

2. Deposit CFX to Your Exchange Wallet

Once you have created an account, you will need to deposit your CFX tokens into the exchange's wallet. You will typically need to provide the exchange with your CFX wallet address.

3. Place a Sell Order

Once your CFX tokens are deposited, you can place a sell order on the exchange. Select the CFX pair you want to trade, enter the amount of CFX you wish to sell, and the price you want to sell at.

4. Wait for Your Order to be Filled

Your sell order will remain in the order book until it is matched with a buy order. Once your order is filled, your CFX will be sold and the proceeds will be credited to your exchange account.

5. Withdraw Proceeds

After your CFX has been sold, you can withdraw the proceeds to your personal bank account or another cryptocurrency wallet. The withdrawal process varies depending on the exchange you use.