How to trade DASH coins to others? DASH coin selling transaction graphic tutorial

To trade DASH coins, choose a reputable exchange, create an account, deposit your coins, select the order type, set the parameters, place the order, monitor its status, and withdraw the proceeds once filled.

Oct 02, 2024 at 07:41 pm

How to Trade DASH Coins to Others: A Step-by-Step Guide

Dash (DASH) is a digital cryptocurrency that offers fast and private transactions. If you hold DASH coins and want to sell them to others, follow these steps:

Step 1: Choose a DASH Exchange

Select a reputable DASH exchange that supports trading and withdrawals. Examples include Binance, Coinbase, Kraken, and KuCoin.

Step 2: Create an Account

Register for an account on the exchange. Provide personal information such as name, email, and proof of identity for verification purposes.

Step 3: Deposit DASH Coins

Transfer your DASH coins to the exchange's deposit address. Make sure to specify the network you are using (e.g., Dash, Dashpay), as sending coins using the wrong network may result in loss of funds.

Step 4: Select the Order Type

Go to the DASH trading page and select your desired order type. A "market order" executes the trade at the current market price, while a "limit order" allows you to specify the price at which you want to sell your coins.

Step 5: Set the Parameters

Enter the amount of DASH coins you want to sell and the price (if using a limit order). Review the order details and ensure everything is correct.

Step 6: Place the Order

Confirm the order by clicking on the "Sell" or "Place Order" button. Your order will be added to the order book.

Step 7: Monitor the Order

Once the order is placed, monitor its status to see when it is filled. Market orders are typically executed immediately, while limit orders may take time to fill depending on the market conditions.

Step 8: Withdraw the Proceeds

After the order is filled, the funds will be deposited into your exchange account. You can then withdraw them to your external wallet or bank account.