How to Sell Crypto on Bitrue
1. Create and Verify Your Account
To start selling crypto on Bitrue, you need to have an account. If you don’t have one yet, follow these steps:
- Visit the Bitrue website and click on the “Sign Up” button.
- Provide your email address and create a strong password.
- Verify your email by clicking on the link sent to your inbox.
- Complete KYC (Know Your Customer) verification by submitting necessary documents like a government ID and proof of address. This step is crucial for increasing your account security and lifting transaction limits.
2. Deposit Crypto into Your Bitrue Account
Before you can sell crypto, you need to deposit it into your Bitrue account:
- Log in to your Bitrue account and go to the “Assets” section.
- Select the cryptocurrency you wish to deposit and click on “Deposit.”
- Copy the deposit address provided or scan the QR code.
- Go to your external wallet or another exchange, and initiate a transfer to the Bitrue deposit address.
- Wait for the transaction to be confirmed. The time it takes will depend on the cryptocurrency and network congestion.
3. Navigate to the Trading Section
Once your deposit is confirmed, you can proceed to sell your crypto:
- Go to the “Trade” section on Bitrue.
- Select the trading pair for the cryptocurrency you deposited. For example, if you deposited Bitcoin (BTC), you would select a BTC/USDT trading pair if you want to sell it for Tether (USDT).
4. Place a Sell Order
There are two main types of orders you can place:
Market Order: This type of order sells your crypto at the current market price. It’s the fastest way to sell, but you might not get the exact price you expect.
- Select “Market” from the order type options.
- Enter the amount of cryptocurrency you want to sell.
- Review the order details and click “Sell” to complete the transaction.
Limit Order: This order lets you specify the price at which you want to sell. The order will only execute when the market reaches your desired price.
- Select “Limit” from the order type options.
- Set your selling price and the amount of cryptocurrency you want to sell.
- Review the order details and click “Sell” to place the order.
5. Monitor Your Order
After placing your order:
- Check the “Open Orders” section to see if your limit order is active.
- Once the order is filled, you will find the proceeds in your Bitrue account’s balance.
6. Withdraw Your Funds
To access your funds, you need to withdraw them to your external wallet or bank account:
- Go to the “Assets” section and select the currency you received from the sale.
- Click on “Withdraw”.
- Enter the withdrawal details such as the address for cryptocurrencies or bank details for fiat currencies.
- Confirm the withdrawal request. You may need to go through additional security checks like email or SMS verification.
Tips for Selling Crypto on Bitrue
- Stay Informed About Market Conditions: Prices can fluctuate rapidly. Keeping an eye on market trends can help you make better selling decisions.
- Consider Fees: Be aware of any fees associated with selling and withdrawing crypto. Bitrue has different fee structures depending on the type of transaction.
- Use Security Features: Enable two-factor authentication (2FA) and other security measures to protect your account from unauthorized access.
Selling crypto on Bitrue is designed to be user-friendly, but always take the time to understand each step and ensure your transactions are secure. By following this guide, you’ll be able to sell your cryptocurrency efficiently and confidently.
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