While selling cryptocurrency can be daunting, it is actually a straightforward process on the TransferXO platform. Being informed about how to sell crypto using instant trade on TransferXO will enable your digital assets to be converted to liquid cash instantly.
It is designed for everyone, whether a novice or an experienced trader. It is quite simple and straightforward, with just a few steps involved in completing the necessary tasks and getting on your way.
This article will help you understand how to approach the process with confidence when selling your crypto.
Instant Trade is all about making life easy for you; options are at your helm, which are very easy to use and do not require you to go through a prolonged process at any moment in time when you may want or need to sell some crypto.
Read on for how to get started as we dive into how you can make use of this instant trading feature!
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To be more familiar with Crypto Debit Card, read through – How to Get a Crypto Debit Card on TransferXO
Overview of Instant Trade on TransferXO
TransferXO Instant Trade feature gives users the ability to instantly buy and sell cryptocurrencies, making transactions seamless and in real time. This is an important capability in such a volatile market of cryptocurrency, where timing means everything for the profit of a trade.
Key Features
- Instant execution: Close trades at lightning speed, helping you capture favorable market conditions.
- Real-time trading: The ability to make trades the moment market conditions update.
- Portfolio diversification: It supports multiple leading cryptocurrencies, making it easier to diversify your portfolios.
- Streamlined process: Does not involve time-consuming verification procedures.
This feature also made TransferXO a popular ground for traders seeking convenience and speedy transactions.
Take out time to read – How to Buy Crypto Using Instant Trade on TransferXO
What Cryptocurrencies Can You Sell on TransferXO?
TransferXO does offer a variety of popular cryptocurrencies that you can directly sell from its platform. The following is the list of supported cryptocurrencies:
- BTC- Bitcoin
- ETH- Ethereum
- XRP- Ripple
- LTC- Litecoin
- BCH- Bitcoin Cash
- USDT- Tether
- TRX- Tron
All of these options will have different advantages, depending on your needs and market conditions. TransferXO offers a seamless platform for easily selling any of the digital assets mentioned above.
Don’t miss out to read – How to Check Your Total Asset Balance in Your Wallet
How to Sell Crypto Using Instant Trade on TransferXO
If you think about how to sell crypto using Instant Trade on TransferXO, then follow the following steps:
Step 1: Open your TransferXO app, navigate to the side menu, and tap on Instant Trade.
Step 2: Click on “Sell” and then select all the required details that appear in this form.
Step 3: Tap the asset you want to sell, specify the amount, select how much you want to receive from the sale, tap your preferred payment method, and then tap “Find Best Offers.”
Step 4: You will be presented with a list of offers from other users, depending on the availability and credibility rating of the merchant. Choose the best offer for you, confirm the details of the trade, and tap Start Trade.
Step 5: Let the buyer make the payment within the payment window. The system automatically cancels the trade if they fail to pay in due time and returns your asset to your wallet.
Step 6: Once you have received the payment by the buyer, tap I Have Received Payment.
Step 7: Rate your trading experience Positive or Negative, optionally leave a comment, and tap Submit.
Also take out time to read – How to Register and Sign in on TransferXO
How to Confirm the Sell of Your Crypto
Once your cryptocurrency has gone live on sale, confirmation of the transaction becomes pivotal in ensuring that all goes as it ought to be. Below is the step-by-step guide to what you ought to do:
- Verify Details of Your Sell Order: Check the information below carefully- the amount of cryptocurrency you are selling, the rate of exchange being offered, and the payout currency. Ensure that there is no discrepancy in the figures.
- Check the fees and payout method: Check if there is a transactional fee. How will you get the money, whether by bank transfer or via mobile wallet or any other means supported by the website?
- Verify the transaction: Tap “Confirm” if all the information is correct. Make sure you are comfortable with the exchange rate and payout before confirming the transaction.
- Wait for processing: The confirmation will automatically trigger a sale of your cryptocurrency by TransferXO. After the transaction processing, you will be sent an email or SMS for completion.
- Status Tracking: One can track the status from the app and the website. In case there is a little more delay with the payout or any issue pops up, then the support team helps TransferXO get it out.
The following process will ensure the sale of cryptocurrency goes through in safety, with no complications.
Also take out time to read – How to Navigate the TransferXO Marketplace
How Do You Get Your Money?
TransferXO indeed has various ways you can receive funds after selling your cryptocurrency. Some of the available options to get funds include:
- Bank Transfers: Money will be transferred directly into your bank account.
- Mobile Money: Payments upon sale are supported on a number of mobile money platforms.
- E-wallets: Other supported digital wallets and other means of payment.
Once the transaction is fully processed, the amount will be credited to your chosen mode of payment for convenience and absolutely no hassle.
Also don’t miss out to read – How to Navigate the TransferXO Trader Dashboard
What Should You Consider Before Selling?
Before you sell your crypto with TransferXO, here are some key things you should consider:
- Check the market price: Always check the current market price of the cryptocurrency you would want to sell. The prices of cryptocurrencies might be changing very fast, so timing the sale just right would be important.
- Verify your account: Your account at TransferXO should be fully verified to enable you to avoid any disruptions in the transaction.
- Set up security: It is necessary to secure the account with two-step authentication, better known as 2FA.
- Choose the correct form of payment: Have in mind the available forms of payment and choose one, which is faster and more reliable.
Having gone through the steps above, you can easily proceed to sell your crypto through an instant trade feature offered by TransferXO.
Also read – How to Set Up 2FA on TransferXO
Frequently Asked Questions
Is it possible to have an instant trade without verifying my account?
Yes, in order to sell your crypto instantly, an instant trade requires that your TransferXO account is verified. This is for your own safety, and to ensure all necessary regulatory checks have been done.
How long does it take before my funds are processed after selling cryptocurrency?
Instant trade is designed in a way that the transaction is processed right on the spot. In most cases, after you sell your crypto, the funds are available within minutes in the payment method that you preferred.
Can I cancel an instant trade once it’s been initiated?
No, once an instant trade is confirmed, it cannot be canceled since the transaction is immediately processed.
What payment methods are available when I sell crypto via instant trade?
TransferXO is also responsible for guiding the customers through a variety of different payment methods, such as bank transfers and mobile money. You will be able to choose during the sale process the method that best suits your convenience.
Conclusion
Knowing how to sell crypto using Instant Trade on TransferXO is pretty simple and handy. Instant Trade allows quick conversion of your cryptocurrencies into cash; hence, you will receive nearly immediate funding.
With TransferXO, you avoid most of the hustles that come with crypto sales; hence, it is reliable for your trading needs.
Presently, therefore, if you look for an effective way to cash out, selling crypto with Instant Trade on TransferXO is great, as it makes your experience smooth and gets you paid fast.