How to sell ENJ coin safely? ENJ coin safe sale operation process

To securely sell Enjin Coin (ENJ), select a reputable exchange with strong security measures, complete account verification, deposit ENJ tokens, place a sell order specifying amount and order type, confirm details, and execute the transaction to receive proceeds.

Oct 10, 2024 at 02:48 pm

How to Sell Enjin Coin (ENJ) Safely

Step 1: Choose a Reputable Exchange

Select a cryptocurrency exchange that supports ENJ trading and has a solid reputation for security and reliability, such as Binance, Coinbase, or Kraken.

Step 2: Create an Account and Complete Verification

Register for an account on the chosen exchange and complete the verification process usually by providing personal information and photo ID to comply with KYC (Know-Your-Customer) requirements.

Step 3: Deposit ENJ

Transfer your ENJ tokens from a hardware wallet or another exchange to your account on the selected exchange. You can use the deposit address provided by the exchange.

Step 4: Place a Sell Order

Navigate to the exchange's trading platform and select the ENJ trading pair against the desired currency, such as ENJ/USDT or ENJ/BTC. Enter the amount of ENJ you want to sell and specify the type of order (e.g., market order, limit order).

Step 5: Confirm and Execute

Review the order details carefully, including the price, quantity, and fees. Once satisfied, click the "Sell" button to execute the order. The exchange will automatically match your order with a buyer and complete the transaction.

Step 6: Withdraw Funds

After the sale is completed, you can withdraw the proceeds from the exchange to your bank account or another cryptocurrency wallet. Initiate a withdrawal request and provide the necessary details, such as the amount and the destination address.

Additional Safety Tips:

• Enable two-factor authentication (2FA) on your exchange account for enhanced security.
• Use a strong and unique password for your exchange account to prevent unauthorized access.
• Store your ENJ tokens in a hardware wallet for maximum offline security.
• Conduct thorough research about the exchange and its security measures before using it.
• Monitor your exchange account regularly for any suspicious activity or unauthorized transactions.