How to sell crypto-currencies on Binance ?

How to sell crypto-currencies on Binance ?

You want to use Binance to sell the crypto-currency, but you don’t know how to work this platform. It is for this reason that we offer you this guide to help you get there.

Your registration on Binance

Before you can sell the crypto-currency on Binance, you must first create an account on this platform. However, there is nothing very complicated. You simply follow the steps. The first of them is to indicate the language in which you want to use the interface. You will then need to give your email address and create a password. However, to minimize the risk of hacking, we recommend that you choose a complex password. Finally, you can also add a second protection using Google Authenticator. Even if it is optional, we strongly recommend that you opt for.

The verification of your identity

However, even when your account is validated, you can’t even take advantage of Binance optimally. But, once again, you should not experience any difficulty : you simply have to follow different steps. The first is to indicate whether you are a resident or not in China. Then you need to give several personal information such as your name, surname and the place in which you reside. It only remains for you then you can handle your id. After having indicated its number and be sent a copy of the front-sided, you’ll only have to take a picture while you have it in the hands, accompanied by a paper on which the date is recorded.

Sell the crypto-currency on Binance

However, before you can sell the crypto-currency on the interface Binance, you must already obtain. For this, you can find a number of ways. You can in fact undermine it, to exchange it for other crypto-currencies or the transfer from an online wallet or another platform.

Once your crypto-currency is on your account Binance, you can finally sell it. However, please note that, on Binance, you will not be able to sell crypto-currencies against other crypto-currencies. So you need to go in the tab “Buy/Sell” and select the dialog box on which “Sell” is registered. As soon as you have decided what amount of crypto-currency you want to sell and the price at which you want to assign, you create a sales order. It is also possible to respond to a purchase request in the list. Once the sale is finalized and validated, the transfers of crypto-currency are made between your account and the buyer’s.

What you must remember

  • On Binance, you can’t sell your crypto-currencies against other crypto-currencies.
  • However, to start to sell, you must first create an account before you will need to verify your identity.
  • To sell, you can create a sales order or respond to a purchase request.