How to sell Ethereum (ETH) on Binance ?

How to sell Ethereum (ETH) on Binance ?

You want to use Binance to sell Ethereum, but you’re not sure how to work this platform. This is not a problem since we are going to guide you step by step to get there.

Your registration on Binance

Before you can sell Ethereum on Binance, the first thing to do is to register on the platform. However, this is really not complicated because you simply need to follow a few steps. The first of them is to choose in which language you want to use the platform. Once this is done you have to enter your email address and set your password. However, we recommend that you use a complex password, which will allow you to improve the security of your account. For the latter is still superior, you can take advantage of a second level of security by using Google Authenticator. Even if it is optional, it is strongly recommended to do so.

The verification of your identity

Although your account is validated, you can’t even take advantage of Binance optimally. In effect, your identity must first be verified. However, once again, it is very simple. You did, in fact, only a few steps to follow. To begin with, you must indicate if you reside or not in China. You will then need to give several personal information, such as your name, your first name, your gender and the country in which you live. When you are finished, you will need to indicate what the number of your identification before you to provide a photocopy double-sided. Finally, you will be asked to take a picture while you are holding your id and a piece of paper on which you have entered the date of the day.

Sell Ethereum using Binance

However, before you can sell Ethereum using the platform Binance, you absolutely have to have on your account. But you can buy it in different ways. You can recover it thanks to the blasting, the transfer from an online portfolio, or from another platform, or buy directly on Binance using another crypto-currency. Once you’ve obtained, it remains for you to put it on sale.

Please note, however, that, on Binance, it is not possible to belly Ethereum as against another crypto-currency. To do this, you must go to the tab “Buy/Sell” before you select the dialog box on which you’ll see in ” Sell “. You will then need to set the number of ethers that you want to sell and the price at which you want to resell it. By validating, you will create a sales order. However, you can also find a purchase order in the list. Once your sale is finalized and validated, you will receive your crypto-currency so that your Ethereum will be sent to the buyer.

What you must remember

  • If you use Binance, you will only be able to sell your Ethereum against another crypto-currency.
  • However, before you begin to sell your Ethereum, you need to register on the platform and prove your identity
  • To sell, you can create a sales order, but you will also be able to respond to a purchase request.