How to sell Cartesi (CTSI) coins

If you're looking to sell your Cartesi (CTSI) coins, you have the choice of using centralized exchanges, decentralized exchanges, or peer-to-peer marketplaces.

Dec 08, 2024 at 06:30 pm

How to Sell Cartesi (CTSI) Coins

Cartesi (CTSI) is a decentralized computing network that allows developers to build blockchain applications on a scalable and secure platform. CTSI is the native token of the Cartesi network, and it can be used to pay for transaction fees, stake on the network, and participate in governance voting.

If you want to sell your CTSI coins, there are a few different options available to you. In this article, we will walk you through the steps on how to sell CTSI on:

• Centralized exchanges
• Decentralized exchanges
• Peer-to-peer marketplaces

Step 1: Choose a Platform to Sell CTSI

There are many different platforms where you can sell CTSI, each with its own advantages and disadvantages.

• Centralized exchanges are the most popular option for selling CTSI. Binance, KuCoin and Huobi Global are a few examples of centralized exchanges that list CTSI. Centralized exchanges are easy to use and offer a wide range of trading options, but they can also be more expensive than other options.
• Decentralized exchanges (DEXs) are a growing alternative to centralized exchanges. DEXs are non-custodial, which means that you have full control over your private keys and assets. However, DEXs can be more difficult to use than centralized exchanges, and they may not offer as many trading options.
• Peer-to-peer (P2P) marketplaces allow you to sell CTSI directly to other users. P2P marketplaces can be a good option if you want to avoid the fees associated with centralized exchanges and DEXs. However, P2P marketplaces can be more risky than other options, as there is no guarantee that the person you are trading with will fulfill their end of the deal.

Step 2: Create an Account on the Platform

Once you have chosen a platform to sell CTSI, you will need to create an account. The process of creating an account will vary depending on the platform you choose.

• Centralized exchanges: To create an account on a centralized exchange, you will need to provide your name, email address, and a password. You may also need to verify your identity by providing a government-issued ID.
• DEXs: To create an account on a DEX, you will need to connect your wallet to the DEX. The process of connecting your wallet will vary depending on the DEX you choose.
• P2P marketplaces: To create an account on a P2P marketplace, you will need to provide your name, email address, and a password. You may also need to verify your identity by providing a government-issued ID.

Step 3: Deposit CTSI to the Platform

Once you have created an account, you will need to deposit CTSI to the platform. The process of depositing CTSI will vary depending on the platform you choose.

• Centralized exchanges: To deposit CTSI to a centralized exchange, you will need to send CTSI from your wallet to the exchange's deposit address.
• DEXs: To deposit CTSI to a DEX, you will need to connect your wallet to the DEX and then send CTSI from your wallet to your DEX account.
• P2P marketplaces: To deposit CTSI to a P2P marketplace, you will need to create a trade offer and specify the amount of CTSI you want to sell.

Step 4: Place a Sell Order

Once you have deposited CTSI to the platform, you can place a sell order. The process of placing a sell order will vary depending on the platform you choose.

• Centralized exchanges: To place a sell order on a centralized exchange, you will need to select the CTSI/USDT or CTSI/BTC trading pair and then enter the amount of CTSI you want to sell. You will also need to specify the price at which you want to sell your CTSI.
• DEXs: To place a sell order on a DEX, you will need to connect your wallet to the DEX and then select the CTSI/USDT or CTSI/BTC trading pair. You will also need to specify the amount of CTSI you want to sell and the price at which you want to sell your CTSI.
• P2P marketplaces: To place a sell order on a P2P marketplace, you will need to create a trade offer and specify the amount of CTSI you want to sell and the price at which you want to sell your CTSI.

Step 5: Wait for Your Order to Execute

Once you have placed a sell order, you will need to wait for your order to execute. The time it takes for your order to execute will vary depending on the platform you choose and the market conditions.

• Centralized exchanges: Sell orders on centralized exchanges are typically executed quickly.
• DEXs: Sell orders on DEXs can take longer to execute, especially if the order is for a large amount of CTSI.
• P2P marketplaces: Sell orders on P2P marketplaces can take even longer to execute, as you will need to find a buyer who is willing to purchase your CTSI at your specified price.

Step 6: Withdraw Your Funds

Once your order has executed, you will be able to withdraw your funds from the platform. The