How to buy, sell and trade TAO coin? Detailed tutorial

To buy TAO coins on a centralized exchange, register and verify an account, deposit funds, find the TAO trading pair, and place a buy order using a market or limit order.

Oct 17, 2024 at 07:11 am

1. How to Buy TAO Coin

• Step 1: Create an Account on a Cryptocurrency Exchange

  • Choose a reputable exchange, such as Binance or Coinbase, that supports TAO trading.
  • Register and verify your account using your personal details and identity documents.

• Step 2: Deposit Funds into Your Account

  • Transfer funds to your exchange account using a bank transfer, credit/debit card, or another cryptocurrency.
  • Make sure the exchange supports the deposit method you choose.

• Step 3: Find the TAO Trading Pair

  • Navigate to the exchange's trading interface and search for the TAO/USDT or TAO/BTC trading pair.
  • Select the pair you wish to trade from and to.

• Step 4: Place a Buy Order

  • Enter the amount of TAO coins you wish to buy.

  • Choose a market or limit order.

    • Market order: Executes immediately at the current market price.
    • Limit order: Executes when the market price reaches a specified limit.
  • Confirm your order and complete the purchase.

2. How to Sell TAO Coin

• Step 1: Confirm Ownership of Your TAO Coins

  • Ensure that the TAO coins you wish to sell are held in your exchange wallet or hardware wallet.

• Step 2: Find the TAO Trading Pair

  • Navigate to the trading interface of the exchange and search for the TAO/USDT or TAO/BTC trading pair you previously purchased.

• Step 3: Place a Sell Order

  • Enter the amount of TAO coins you wish to sell.

  • Choose a market or limit order.

    • Market order: Executes immediately at the current market price.
    • Limit order: Executes when the market price reaches a specified limit.
  • Confirm the order and complete the sale.

3. How to Trade TAO Coin with Other Traders

• Step 1: Create an Account on a Decentralized Exchange (DEX)

  • DEXs enable peer-to-peer trading without intermediaries.
  • Choose a DEX that supports TAO trading, such as Uniswap or PancakeSwap.

• Step 2: Connect Your Wallet to the DEX

  • Use a non-custodial wallet, such as Metamask or Trust Wallet, to connect to the DEX.
  • This wallet will store your TAO coins.

• Step 3: Find the TAO Trading Pair

  • Search for the TAO trading pair you wish to trade on the DEX's interface.

• Step 4: Place a Trade Order

  • Specify the amount of TAO coins you wish to trade and the desired price.
  • Choose between a market order or a limit order.
  • Your trade order will be matched with another trader's order and executed when the conditions are met.