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

To sell MEW coins safely, choose a reputable cryptocurrency exchange, such as Binance, Huobi, or KuCoin, and follow the steps outlined, including creating an account, depositing MEW coins, creating a sell order, reviewing, and executing it, and withdrawing funds.

Oct 13, 2024 at 06:05 pm

How to Sell MEW Coins Safely: A Comprehensive Guide

Step 1: Choose a Reputable Cryptocurrency Exchange

• Binance: Known for its high liquidity and security measures.
• Huobi: A Chinese exchange with a strong reputation in the Asian market.
• KuCoin: Known for its low fees and a wide range of cryptocurrencies supported.

Step 2: Create an Account

• Visit the exchange's website and click on "Sign Up" or "Create Account."
• Provide your email address, create a password, and verify your identity with a government-issued ID.

Step 3: Deposit MEW Coins

• From the exchange's dashboard, navigate to the "Deposit" section.
• Select MEW as the cryptocurrency you want to deposit.
• Generate a deposit address by clicking "Generate Address."
• Transfer your MEW coins from your wallet to the provided deposit address.

Step 4: Create a Sell Order

• Once your MEW coins are deposited, navigate to the "Trade" section.
• Find the MEW/USDT or MEW/BTC trading pair.
• Click on "Sell" and enter the amount of MEW coins you want to sell.
• Choose the "Market" order type for a quick execution or the "Limit" order type to specify a specific price.

Step 5: Review and Execute the Order

• Verify the order details, including the price, amount, and fees.
• Click on "Confirm" or "Place Order" to execute the transaction.
• The MEW coins will be sold and the proceeds will be credited to your exchange account.

Step 6: Withdraw Funds

• To withdraw your funds, navigate to the "Withdraw" section.
• Select the cryptocurrency you want to withdraw (e.g., USDT or BTC).
• Enter the amount you want to withdraw and provide the withdrawal address.
• Confirm the withdrawal and wait for the transaction to be processed.

Additional Safety Measures:

• Use two-factor authentication (2FA) on your exchange account.
• Store your MEW coins in a hardware wallet for enhanced security.
• Be cautious of phishing emails or websites that impersonate legitimate exchanges.
• Only communicate with official support channels of the exchange.
• Research the exchange thoroughly before creating an account and investing any funds.