What are the methods to sell JUST coins?

To sell JUST coins, consider utilizing centralized exchanges (CEXs) for user-friendliness and high liquidity, or decentralized exchanges (DEXs) for anonymity and control over transactions.

Nov 18, 2024 at 10:12 am

Comprehensive Guide to Selling JUST Coins

What is JUST?

JUST is a decentralized lending and borrowing platform built on the TRON blockchain. It empowers users to earn interest on their digital assets by lending them to borrowers and offers access to low-interest loans backed by crypto collateral. JUST's native token, JUST (JST), plays a crucial role in the platform's ecosystem, providing holders with voting rights, rewards, and access to exclusive features.

Methods to Sell JUST Coins

To effectively sell JUST coins, consider implementing the following methods:

1. Centralized Exchanges

Description:
Centralized exchanges (CEXs) are platforms that facilitate the buying, selling, and trading of cryptocurrencies. Due to their user-friendly interfaces and high liquidity, CEXs are ideal for beginners and those seeking quick and straightforward transactions.

Steps:

1. Choose a CEX: Register with a reputable CEX that supports JUST trading pairs.
2. Deposit JUST coins: Transfer your JUST coins from a personal wallet or another exchange to your CEX account.
3. Create a sell order: Navigate to the JUST trading page and select the sell option. Specify the amount, price, and type of order you wish to place.
4. Monitor and execute: Monitor the order book and market trends until your order is filled or adjust it accordingly.

2. Decentralized Exchanges (DEXs)

Description:
DEXs enable peer-to-peer trading of cryptocurrencies without the need for intermediaries. They offer greater anonymity and control over transactions, but can have lower liquidity and require more technical knowledge.

Steps:

1. Connect a wallet: Connect your cryptocurrency wallet, such as Metamask or Trust Wallet, to the DEX.
2. Swap JUST coins: Locate the JUST trading pair and enter the amount you wish to sell.
3. Approve the transaction: Review and approve the swap details in your wallet.
4. Confirm and complete: Confirm the transaction on the DEX to execute the sale.

3. Peer-to-Peer (P2P) Trading

Description:
P2P trading involves selling JUST coins directly to another person without using a third-party platform. This method offers greater flexibility and potentially lower fees but requires caution to avoid scams.

Steps:

1. Join a P2P marketplace: Register with a P2P marketplace that facilitates JUST trading.
2. Create a sell offer: Specify the amount, price, and payment method you are willing to accept for your JUST coins.
3. Find a buyer: Engage with potential buyers and negotiate terms.
4. Complete the transaction: Execute the trade according to the agreed-upon terms and transfer JUST coins to the buyer.

4. Over-the-Counter (OTC) Trading

Description:
OTC trading involves selling JUST coins in large volumes through a dedicated broker or intermediary. This method is typically used by institutional investors and offers privacy, discretion, and customized trade execution.

Steps:

1. Contact an OTC broker: Reach out to a reputable OTC broker specializing in JUST trading.
2. Provide relevant information: Share your JUST holding details, desired sale price, and other necessary information.
3. Negotiate terms: Discuss and agree upon the trading terms, including price, settlement date, and payment method.
4. Execute the trade: Complete the transaction once the terms are finalized and the funds are transferred.