How to sell FET coin safely? Operation process of safe sale of FET coin

To safely sell your FET coins, select a reputable exchange like Binance or Coinbase, verify your account, transfer your FET to the exchange, place a sell order at your desired price or market value, and confirm the transaction to complete the sale.

Oct 09, 2024 at 02:42 am

How to Sell FET Coin Safely: A Step-by-Step Guide

1. Choose a Reputable Exchange

• Select a platform with a proven track record, high security measures, and ample liquidity.
• Research exchanges carefully, read reviews, and consider their fees and trading volume.
• Consider popular options like Binance, Coinbase, or FTX.

2. Register on the Exchange

• Create an account on the chosen exchange.
• Provide personal information, verify your identity, and set up two-factor authentication for added security.
• Fund your account using supported payment methods (e.g., bank transfer, credit card).

3. Transfer FET to the Exchange

• Withdraw FET coins from any existing wallets (e.g., hardware wallet, software wallet).
• Copy the exchange's deposit address for FET.
• Transfer your FET from the originating wallet to the exchange's deposit address.

4. Place a Sell Order

• Once FET is deposited, navigate to the trading page for FET/USDT, FET/BTC, or FET/USD (check exchange offerings).
• Select "Sell" and enter the desired amount or market sell (sell all currently held FET).
• Set the desired price or accept the current market rate.
• Review and confirm the order details.

5. Execute the Sell Order

• Click on "Sell FET" or "Confirm Sale" to place the sell order.
• The exchange will match your order with available buy orders.
• Once the trade is executed, the FET will be sold, and the proceeds (in USDT, BTC, or USD) will be credited to your exchange account.