How to sell Shieldeum(SDM) coins safely

To sell your Shieldedum (SDM) coins safely, choose a reputable exchange like Binance, KuCoin, or Bittrex, create and verify your account, deposit your SDM coins, find the SDM/USDT trading pair, place a sell order, confirm the order, sell your SDM, and then withdraw the proceeds.

Dec 12, 2024 at 10:49 am

How to Sell Shieldedum (SDM) Coins Safely

Step 1: Choose a Reputable Exchange

Binance: The largest crypto exchange by volume, with high liquidity for SDM.
KuCoin: A popular exchange that offers a wide variety of altcoins, including SDM.
Bittrex: A well-established exchange with a strong reputation for security.

Step 2: Create an Account and Verify Your Identity

Visit the chosen exchange's website and create an account.
Complete the identity verification process, which may involve submitting personal information and documents.

Step 3: Deposit SDM Coins to Your Account

Send your SDM coins from an external wallet or from your spot wallet within the exchange.
Use the deposit address provided by the exchange.

Step 4: Find the SDM/USDT Trading Pair

Navigate to the 'Markets' or 'Trading' section.
Search for the SDM/USDT trading pair.

Step 5: Place a Sell Order

Choose the 'Sell' tab.
Select either 'Limit' or 'Market' order type.
Enter the amount of SDM coins you want to sell.
For a Limit order, set the desired price.

Step 6: Confirm the Order and Sell SDM

Review the order details and confirm it.
The exchange will execute the order and sell your SDM coins, crediting your account with the proceeds.

Step 7: Withdraw Proceeds

After the order is executed, you can withdraw the proceeds in USDT or any other supported currency.
Follow the withdrawal instructions provided by the exchange.

Additional Tips for Safe Selling:

Use Two-Factor Authentication (2FA): Enable 2FA on your exchange account to enhance security.
Store SDM Coins in a Hardware Wallet: Store your SDM coins in a secure hardware wallet to minimize the risk of theft or loss.
Be Cautious of Scams: Avoid phishing emails or websites that may try to steal your exchange login information.
Research the Exchange: Before using an exchange, research its reputation, security measures, and trading fees.
Monitor Your Account Regularly: Keep an eye on your exchange account activity and report any suspicious activity immediately.
Keep Your Recovery Phrase Safe: Make a backup of your exchange account's recovery phrase and store it in a secure location.

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