How to Sell Cryptocurrency ​

Overview ​

You can sell cryptocurrency through the Spot Trading section by exchanging a selected asset for another currency (for example, USDT).

The sale is performed by creating an order for the selected trading pair.

Before selling ​

Make sure that:

  • you have a Cifra X account
  • you have cryptocurrency available for sale on your account
  • you have selected the appropriate trading pair

Examples:

  • BTC/USDT — selling BTC for USDT
  • ETH/USDT — selling ETH for USDT

Step-by-step guide ​

  1. Go to the Trading section
  2. Select the required trading pair
  3. In the Sell section, choose the order type

Selling with a Market order ​

  1. Select Market
  2. Enter the amount of cryptocurrency you want to sell
  3. Click Sell

The order will be executed at the current available market price.

Selling with a Limit order ​

  1. Select Limit
  2. Enter the price at which you want to sell the cryptocurrency
  3. Enter the amount of cryptocurrency
  4. Check the total transaction amount
  5. Click Sell

The order will be executed when the market price reaches the specified value.

After selling ​

After the order is successfully executed:

  • the sold cryptocurrency will be deducted from your account
  • the received currency will be credited to your balance
  • transaction details can be viewed in the Transaction History section

Possible issues ​

Insufficient funds ​

Check:

  • available cryptocurrency balance
  • amount of the selected asset for sale

Limit order is not executed ​

Possible reasons:

  • the current market price has not reached the specified value
  • there is not enough matching liquidity in the order book

Error when creating an order ​

Check:

  • selected trading pair
  • cryptocurrency amount
  • available balance

Important ​

  • Always check the selected trading pair and price before selling
  • Executed trades cannot be cancelled
  • Cryptocurrency prices can change at any time
  • Trading digital assets involves the risk of losing funds