How to sell Immutable (IMX) coins

To sell Immutable (IMX) coins, choose a crypto exchange like Binance, Huobi, or OKX, create an account, deposit your IMX coins, find the desired trading pair, place a sell order, review and confirm the transaction, and finally withdraw the proceeds to your personal wallet.

Dec 09, 2024 at 01:29 pm

How to Sell Immutable (IMX) Coins

Immutable X (IMX) is an Ethereum Layer-2 scaling solution designed specifically for NFTs. It enables users to mint, trade, and store NFTs with significantly lower gas fees and faster transaction times compared to the Ethereum mainnet. If you're looking to sell your IMX coins, here's a step-by-step guide:

1. Choose a Crypto Exchange:

• Binance: Binance is the largest crypto exchange globally and offers IMX trading against USDT, BUSD, and BTC. It provides a user-friendly platform with high liquidity and low fees.
• Huobi: Huobi is another reputable exchange that supports IMX trading. It has a decent trading volume and offers competitive fees.
• OKX: OKX is a popular exchange known for its advanced trading features. It offers IMX trading against USDT and BTC with competitive fees.

2. Create an Account:

• Visit the website of your chosen exchange and click on "Sign Up."
• Complete the registration process by providing your email address, password, and other required information.
• Verify your email address and complete the KYC (Know-Your-Customer) process to enhance your account security and trading limits.

3. Deposit IMX Coins:

• Once your account is set up, click on "Deposit" in the "Assets" section.
• Select IMX from the list of supported coins.
• Generate a deposit address and send your IMX coins from your wallet to this address.

4. Find the IMX Trading Pair:

• Navigate to the "Trade" section on the exchange's website.
• Search for the IMX trading pair you want to trade, such as IMX/USDT or IMX/BTC.

5. Place a Sell Order:

• Click on the "Sell" button on the trading pair page.
• Choose the order type you prefer, such as a market order or limit order.
• Enter the amount of IMX coins you want to sell and the desired price.
• Review the order details carefully and click on "Sell IMX" to place the order.

6. Complete the Sale:

• Your order will be executed once the market price reaches your specified conditions.
• Once the order is filled, the proceeds from the sale will be credited to your exchange account.

7. Withdraw Your Funds:

• Once you have sold your IMX coins, you can withdraw the proceeds to your personal wallet.
• Click on "Withdraw" in the "Assets" section.
• Select your preferred currency and enter the amount you want to withdraw.
• Provide your wallet address and complete the withdrawal process.