Electroneum (ETN) coin selling transaction graphic tutorial

To sell Electroneum (ETN), set up a crypto-friendly exchange account, fund it with the desired currency, and place a sell order specifying the amount and price of ETN you wish to liquidate.

Jan 03, 2025 at 01:41 am

Key Points

• Understanding the Electroneum Coin (ETN)
• Setting up a Crypto-friendly Exchange Account
• Funding the Exchange Account
• Placing a Sell Order for Electroneum (ETN)
• Completing the Electroneum (ETN) Sale Transaction

Electroneum (ETN) Coin Selling Transaction Graphic Tutorial

Step 1: Understanding the Electroneum Coin (ETN)

Electroneum (ETN) is a mobile-centric cryptocurrency designed to offer accessible and convenient financial services to underbanked populations. Its focus on ease of use, low transaction fees, and mobile-first approach has attracted a significant user base.

Step 2: Setting up a Crypto-Friendly Exchange Account

To sell Electroneum (ETN), you need an account on a cryptocurrency exchange that supports ETN trading. Choose a reputable exchange with a proven track record, low trading fees, and high liquidity in ETN pairs.

Step 3: Funding the Exchange Account

Once your exchange account is set up, you need to fund it with the currency you want to use to buy ETN, such as fiat currencies (e.g., USD, EUR) or other cryptocurrencies.

• If you're depositing fiat currency, select the appropriate deposit method (e.g., wire transfer, credit/debit card) and follow the instructions provided by the exchange.
• If you're depositing cryptocurrency, generate a deposit address for the specific cryptocurrency you want to transfer and send the funds to that address.

Step 4: Placing a Sell Order for Electroneum (ETN)

Navigate to the trading interface and select the ETN trading pair you want to sell, such as ETN/USDT or ETN/BTC.

• Set the order type as "Limit Order" if you want to specify the exact price at which you want to sell ETN.
• Enter the amount of ETN you want to sell and the price you want to sell it for.
• Review the order details and click "Sell ETN."

Step 5: Completing the Electroneum (ETN) Sale Transaction

Once your sell order is placed, it will be added to the order book. When the market price reaches your specified price, the order will be executed, and ETN from your exchange balance will be sold for the quoted price.

FAQs

• What is the best exchange to sell Electroneum (ETN)?

Binance, OKX, and KuCoin offer significant liquidity, competitive fees, and a wide range of ETN trading pairs.

• How long does it take to sell Electroneum (ETN)?

Sell orders are typically executed within a matter of seconds or minutes, depending on market conditions and the order size.

• Can I sell Electroneum (ETN) directly from my mobile wallet?

Some mobile wallets offer limited exchange functionality, but for a full range of trading options, it's recommended to use a dedicated cryptocurrency exchange.

• Are there any fees for selling Electroneum (ETN)?

Yes, most cryptocurrency exchanges charge a trading fee, which is a percentage of the transaction. Fee structures vary depending on the exchange.

• What happens to my Electroneum (ETN) after I sell it?

Once you sell ETN, it will be credited to your exchange account in the base currency of the trading pair. You can then withdraw the funds to your personal cryptocurrency wallet or continue trading.