How to buy and sell Tornado Cash (TORN) coins

To purchase and trade Tornado Cash coins, select a supportive exchange, fund your account, place an order, monitor its progress, and then withdraw your TORN coins as desired.

Dec 01, 2024 at 12:54 am

How to Buy and Sell Tornado Cash (TORN) Coins

Tornado Cash is a privacy-focused cryptocurrency that allows users to make anonymous transactions. It was launched in 2019 and has since gained popularity among those who value privacy and security. If you're interested in buying and selling TORN coins, here's a step-by-step guide to help you get started:

Step 1: Choose a Cryptocurrency Exchange

The first step is to choose a cryptocurrency exchange that supports TORN trading. There are several exchanges to choose from, so you'll need to do some research to find one that meets your needs. Some of the most popular exchanges that support TORN trading include:

• Binance
• Huobi Global
• Gate.io
• OKEx
• KuCoin

Once you've chosen an exchange, you'll need to create an account and verify your identity. This process usually involves providing your name, email address, and government-issued ID.

Step 2: Fund Your Account

Once your account is verified, you'll need to deposit funds into it before you can start trading. You can do this by transferring cryptocurrency from another wallet or by purchasing cryptocurrency with a credit card or debit card.

If you're depositing cryptocurrency from another wallet, you'll need to provide the exchange with the wallet address. Once the exchange has received your deposit, it will be credited to your account and you'll be able to start trading.

If you're purchasing cryptocurrency with a credit card or debit card, you'll need to provide the exchange with your payment information. Once the exchange has processed your payment, the cryptocurrency will be credited to your account and you'll be able to start trading.

Step 3: Place an Order

Once you've funded your account, you can start placing orders to buy or sell TORN coins. To place an order, you'll need to specify the following:

• The amount of TORN you want to buy or sell
• The price at which you want to buy or sell
• The type of order you want to place

There are two types of orders you can place:

• Market order: A market order is an order to buy or sell TORN at the current market price. Market orders are executed immediately.
• Limit order: A limit order is an order to buy or sell TORN at a specified price. Limit orders are not executed until the market price reaches the specified price.

Step 4: Track Your Order

Once you've placed an order, you can track its status in the exchange's order book. The order book will show you the current status of your order, as well as the price at which it was executed.

Step 5: Withdraw Your TORN Coins

Once your order has been executed, you can withdraw your TORN coins to another wallet. To withdraw your TORN coins, you'll need to provide the exchange with the address of the wallet you want to withdraw to.

The exchange will then process your withdrawal request and send your TORN coins to the specified address.