how to sell shiba inu coin on crypto.com

Selling Shiba Inu (SHIB) on Crypto.com involves six simple steps, including selecting the currency, entering the amount, choosing a payment option, reviewing the details, confirming the transaction, and receiving the proceeds in your chosen payment method.

Nov 15, 2024 at 05:04 am

How to Sell Shiba Inu Coin on Crypto.com

Selling Shiba Inu (SHIB) on Crypto.com involves a straightforward process that can be completed in a few simple steps. Whether you're a seasoned trader or a beginner in the cryptocurrency market, this guide will provide you with detailed instructions on how to effortlessly sell your SHIB holdings.

1. Access Your Crypto.com Account

• Log in to your Crypto.com account through the mobile app or web platform.
• Ensure that you have sufficient SHIB balance in your Crypto.com wallet.

2. Navigate to the Sell Page

• From the Crypto.com homepage, select the "Trade" option.
• Click on the "Sell" button, which is typically located in the top-right corner of the screen.

3. Select Shiba Inu (SHIB)

• On the sell page, scroll down and locate Shiba Inu (SHIB).
• Click on "Select SHIB" to choose it as the cryptocurrency you wish to sell.

4. Enter the Amount

• Enter the amount of SHIB you want to sell in the designated field.
• You can choose to sell a specific number of SHIB tokens or a percentage of your total SHIB balance.

5. Choose a Payment Option

• Crypto.com offers multiple payment options for selling SHIB, including fiat currencies (e.g., USD, EUR) and stablecoins (e.g., USDC, USDT).
• Select your preferred payment option from the dropdown menu.

6. Confirm the Transaction

• Review the details of your sell order carefully, including the amount of SHIB, the payment option, and the estimated value.
• If everything is correct, click on the "Sell SHIB" button.

7. Your SHIB is Sold

• Once you confirm the sell order, Crypto.com will execute the transaction and sell your SHIB.
• The proceeds from the sale will be credited to your Crypto.com wallet in the selected payment option.

Additional Considerations:

• Transaction Fees: Crypto.com charges transaction fees for selling SHIB. The fees may vary depending on the payment option selected.
• Market Volatility: The price of SHIB is highly volatile, so the estimated value may fluctuate before the transaction is executed.
• Confirmation: Always wait for confirmation from Crypto.com that the SHIB sale has been successfully processed.
• Security: Ensure that you are using a secure device and network connection when selling SHIB. Keep your Crypto.com account details confidential to prevent unauthorized access.