How to buy, sell and trade TON coin? Detailed tutorial

Coinbase is a reputable exchange to consider for users in the US interested in buying, selling, and trading Toncoin (TON).

Oct 03, 2024 at 02:18 pm

How to Buy, Sell and Trade Toncoin (TON)

1. Choose a TON Exchange

Several exchanges support trading TON, including:\

• Toncoin Exchange (TONEX)
• Coinbase (US users only)
• Binance
• FTX
• Gate.io

2. Create an Account

Once you have chosen an exchange, you will need to create an account. This typically involves providing your name, email address, and password. Some exchanges may also require you to verify your identity by uploading a government-issued ID.

3. Deposit Funds

Before you can buy TON, you will need to deposit funds into your exchange account. Most exchanges accept a variety of deposit methods, including bank transfers, credit cards, and debit cards.

4. Place a Buy Order

Once you have deposited funds into your account, you can place a buy order for TON. The buy order will specify the amount of TON you want to buy and the price you are willing to pay.

If the market price of TON is below the price you are willing to pay, your order will be filled immediately. If the market price of TON is above the price you are willing to pay, your order will be placed in the order book and will be filled when the market price reaches your desired price.

5. Wait for Your Order to Be Filled

Once you have placed a buy order, you will need to wait for your order to be filled. This can take a few minutes or even longer, depending on the market conditions.

6. Withdraw TON (Optional)

Once your order has been filled, you can withdraw your TON from the exchange to a hardware wallet or another exchange. Withdrawing TON from an exchange is typically a simple process, but there may be a small fee involved.

Selling TON

The process of selling TON is similar to the process of buying TON. However, instead of placing a buy order, you will need to place a sell order. The sell order will specify the amount of TON you want to sell and the price you are willing to sell it for.

If the market price of TON is above the price you are willing to sell it for, your order will be filled immediately. If the market price of TON is below the price you are willing to sell it for, your order will be placed in the order book and will be filled when the market price reaches your desired price.

Trading TON

You can also trade TON between different exchanges. This can be a good way to profit from the price differences between different exchanges.

To trade TON between exchanges, you will need to have an account on both exchanges. You will then need to deposit TON into your account on the exchange where you want to sell it. Once you have deposited TON into your account, you can place a sell order on that exchange.

You will also need to place a buy order on the exchange where you want to buy TON. The buy order will specify the amount of TON you want to buy and the price you are willing to pay.

If the market price of TON on the exchange where you are selling it is higher than the market price of TON on the exchange where you are buying it, you can profit from the difference.