What are the methods to sell WazirX (WRX) coins?

Numerous methods exist for selling WazirX (WRX) coins, including trading on the WazirX exchange, transferring to external exchanges, and converting to INR via OTC platforms.

Nov 29, 2024 at 03:13 pm

What Are The Methods To Sell WazirX (WRX) Coins?

1. Selling WRX on the WazirX Exchange

• Step 1: Log in to your WazirX account.

  • Navigate to the WazirX website or mobile app and enter your login credentials.

• Step 2: Navigate to the "Exchange" tab.

  • Upon successful login, you'll be directed to the WazirX dashboard. Click on the "Exchange" tab located at the top of the screen.

• Step 3: Select the WRX/INR pair.

  • In the "Market" section, use the search bar to find the WRX/INR pair. This represents the market where you can trade WRX for Indian Rupees (INR).

• Step 4: Enter the amount of WRX you want to sell.

  • In the "Amount" field, specify the number of WRX coins you wish to sell. You can choose to sell all your WRX or enter a custom amount.

• Step 5: Select the "Sell" option.

  • Below the "Amount" field, you'll find two buttons labeled "Buy" and "Sell." Click on the "Sell" button to place a sell order for your WRX coins.

• Step 6: Review and confirm the transaction.

  • A confirmation window will appear, displaying the details of your sell order. Ensure the information is correct and click on the "Confirm" button to execute the trade.

• Step 7: Monitor the progress of your order.

  • Your sell order will be placed in the market, and you can track its progress in the "Orders" section of your account. Once the order is filled, the corresponding INR amount will be credited to your WazirX balance.

2. Selling WRX on External Exchanges

• Step 1: Transfer your WRX to an external exchange.

  • Identify a reputable cryptocurrency exchange that supports WRX trading. Create an account and transfer your WRX coins from WazirX to your external exchange wallet.

• Step 2: Find the WRX/USDT or WRX/BTC pair.

  • On the external exchange, navigate to the trading section and search for the WRX/USDT or WRX/BTC pair. These pairs allow you to trade WRX for Tether (USDT) or Bitcoin (BTC).

• Step 3: Place a sell order.

  • In the order form, specify the amount of WRX you want to sell and the desired price. Select the "Sell" or "Market" order type depending on your preference.

• Step 4: Review and confirm the transaction.

  • Carefully review the details of your sell order and ensure that all information is correct. Click on the "Confirm" button to execute the trade.

• Step 5: Receive payment in USDT or BTC.

  • Once your sell order is executed, the USDT or BTC proceeds will be credited to your external exchange balance. You can withdraw these funds to your personal crypto wallet or use them for further trading.

3. Converting WRX to INR Using OTC Platforms

• Step 1: Register on an OTC (Over-the-Counter) platform.

  • Identify a reputable OTC platform that offers INR withdrawals. Create an account and provide the necessary verification documents.

• Step 2: Create a sell order.

  • On the OTC platform, navigate to the section where you can create a sell order for WRX. Specify the amount of WRX you want to sell and the desired INR price.

• Step 3: Wait for a buyer to accept your order.

  • Your sell order will be listed on the OTC platform, and potential buyers can contact you to negotiate the terms of the trade.

• Step 4: Complete the transaction.

  • Once you agree with a buyer on the price and payment method, transfer your WRX to their specified address. The buyer will then transfer the agreed INR amount to your bank account.

• Step 5: Receive INR payment.

  • Monitor your bank account to confirm that the INR payment has been received. Once the funds are credited, the transaction is complete.