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

To sell Fetch.ai (FET) tokens, you can choose a reputable crypto exchange like Binance or Kraken, transfer FET to the exchange, place a sell order specifying the amount and price, execute the order, and withdraw the proceeds.

Sep 30, 2024 at 11:17 am

How to Sell FET Coin

Fetch.ai (FET) is a decentralized AI platform where users can train, deploy, and monetize AI systems. Here's a detailed guide on how to sell FET coin:

1. Choose an Exchange:

• Select a reputable cryptocurrency exchange that supports FET trading, such as Binance, Kraken, or Huobi Global.
• Create an account on the chosen exchange and complete the verification process.

2. Transfer FET to the Exchange:

• Log in to your FET wallet and initiate a transaction to transfer the coins you wish to sell to the exchange's deposit address.
• The transfer time may vary depending on the network congestion and blockchain confirmation times.

3. Place a Sell Order:

• Navigate to the "Markets" section of the exchange and search for the FET/USDT or FET/BTC trading pair.

• Choose a sell order type:

  • Market Order: Sells FET instantly at the current market price.
  • Limit Order: Sells FET at a specified price.
  • Stop-Limit Order: Sells FET if the market price falls below a predetermined level.

4. Specify the Amount and Price:

• Enter the amount of FET you möchten sell.
• If you choose a limit order, specify the sell price.

5. Execute the Order:

• Review the order details and confirm your sell transaction.
• Once executed, the exchange will match your order with a buyer and complete the sale.

6. Withdraw Proceeds:

• After the sale is completed, you can withdraw the proceeds to your bank account or other supported payment methods.
• The withdrawal process may take some time, depending on the exchange's processing speed.

Additional Methods of Selling FET Coin:

• Over-the-Counter (OTC) Trading: Sell FET directly to buyers through platforms like LocalBitcoins or Bisq, which connect sellers and buyers privately.
• P2P Marketplaces: Use decentralized peer-to-peer marketplaces like OpenBazaar or AtomicDEX to trade FET directly with other users.
• Crypto Debit Cards: Some cryptocurrency companies offer debit cards that allow you to spend FET directly for goods and services.