How to Sell Crypto on Binance App

Selling cryptocurrency on the Binance app is a straightforward process once you are familiar with the platform's interface. This guide will walk you through each step to ensure a smooth selling experience.

Step 1: Set Up Your Account
Before you can sell crypto on Binance, you need to set up an account. Download the Binance app from the App Store or Google Play Store, and complete the registration process. You'll need to verify your identity through the Know Your Customer (KYC) process. This involves uploading identification documents and providing personal information.

Step 2: Deposit Cryptocurrency
To sell cryptocurrency, it must first be deposited into your Binance account. Navigate to the "Wallet" section on the app, then select "Deposit." Choose the cryptocurrency you wish to deposit and follow the instructions to transfer it from your external wallet to your Binance wallet.

Step 3: Navigate to the Sell Feature
Once your cryptocurrency is in your Binance wallet, go to the "Trade" tab on the app. Here, you will find the option to sell your crypto. Select "Sell" to access the trading interface.

Step 4: Choose Your Trading Pair
Select the cryptocurrency you wish to sell and choose the trading pair. For instance, if you want to sell Bitcoin (BTC) for USDT (Tether), select BTC/USDT. Binance offers various trading pairs, so make sure to choose the one that matches your selling goals.

Step 5: Set Your Selling Order
You can place different types of orders: Market, Limit, or Stop-Limit.

• Market Order: This order type sells your crypto immediately at the current market price. Simply enter the amount of cryptocurrency you want to sell, and the app will execute the trade instantly.
• Limit Order: With a limit order, you set a specific price at which you want to sell your cryptocurrency. The order will only be executed when the market reaches your specified price.
• Stop-Limit Order: This combines a stop order and a limit order. You set a stop price that triggers a limit order once the stop price is reached.

Step 6: Review and Confirm the Sale
After setting up your order, review the details carefully. Check the amount of cryptocurrency you are selling, the price, and the total value. Confirm the order by tapping "Sell." The app will execute the order based on the type you selected.

Step 7: Monitor Your Order
After confirming the sale, you can monitor the status of your order in the "Orders" section of the app. Here, you can view completed orders and any pending ones. If you placed a market order, it should execute almost immediately. Limit and stop-limit orders may take longer depending on market conditions.

Step 8: Withdraw Your Funds
Once your sale is complete, you can withdraw your funds. Go to the "Wallet" section, select "Withdraw," and choose the currency you want to withdraw. Enter your withdrawal details, such as bank account information or external wallet address. Confirm the withdrawal and wait for the transaction to process.

Step 9: Security Measures
Always enable two-factor authentication (2FA) on your Binance account to enhance security. Regularly update your passwords and be cautious of phishing attempts to protect your assets.

Additional Tips

• Stay Informed: Keep an eye on market trends and news that could impact cryptocurrency prices. This can help you make informed decisions on when to sell.
• Understand Fees: Binance charges trading fees, which vary depending on your account type and trading volume. Be aware of these fees when planning your trades.

By following these steps, you can effectively sell cryptocurrency on the Binance app and manage your transactions with confidence.