How to sell Tornado Cash (TORN) coins

Selling TORN coins involves establishing an account on a cryptocurrency exchange, depositing the coins into the account, placing a sell order, waiting for order fulfillment, and ultimately withdrawing funds.

Dec 03, 2024 at 08:34 am

How to Sell Tornado Cash (TORN) Coins

Tornado Cash is a privacy-focused cryptocurrency that allows users to make anonymous transactions. The TORN token is the native currency of the Tornado Cash ecosystem, and it can be used to pay for transaction fees and to stake on the Tornado Cash network.

If you want to sell your TORN coins, you can do so through a cryptocurrency exchange or a peer-to-peer marketplace. Here's a step-by-step guide on how to sell TORN coins on a cryptocurrency exchange:

1. Create an account on a cryptocurrency exchange. There are many different cryptocurrency exchanges available, so you'll need to choose one that is reputable and that supports TORN trading. Some popular cryptocurrency exchanges that support TORN trading include Binance, Coinbase, and Kraken.
2. Deposit TORN coins into your exchange account. Once you have created an account on a cryptocurrency exchange, you will need to deposit your TORN coins into your account. You can do this by sending TORN coins from your personal wallet to your exchange account address.
3. Place a sell order for TORN coins. Once you have deposited TORN coins into your exchange account, you can place a sell order for your coins. A sell order is an order to sell a certain number of TORN coins at a specific price. When you place a sell order, you will need to specify the number of TORN coins you want to sell, the price you want to sell them for, and the type of order you want to place.
4. Wait for your sell order to be filled. Once you have placed a sell order for TORN coins, you will need to wait for your order to be filled. Your order will be filled when another user on the exchange places a buy order for TORN coins at the same price or better than your sell order.
5. Withdraw your funds from the exchange. Once your sell order has been filled, you will need to withdraw your funds from the exchange. You can do this by sending your funds from your exchange account to your personal wallet.

How to Sell Tornado Cash (TORN) Coins on a Peer-to-Peer Marketplace

If you want to sell your TORN coins on a peer-to-peer marketplace, you will need to find a buyer who is willing to purchase your coins at the price you are asking. You can find buyers on peer-to-peer marketplaces such as LocalBitcoins and Paxful.

Once you have found a buyer, you will need to agree on a payment method and a price for your TORN coins. Once you have agreed on the terms of the sale, you can send your TORN coins to the buyer's wallet address.

Conclusion

Selling TORN coins is a simple process that can be completed in a few minutes. Whether you choose to sell your TORN coins on a cryptocurrency exchange or a peer-to-peer marketplace, you will need to create an account, deposit your TORN coins into your account, place a sell order, and wait for your order to be filled. Once your order has been filled, you can withdraw your funds from the exchange or the peer-to-peer marketplace.