How to sell Tribe coins

To sell Tribe (TRIBE) coins, determine a platform like Binance, Uniswap, or 1inch, create an account and fund your wallet, initiate the selling process by selecting the trading pair and order type, specify order details and confirm, and wait for transaction completion before withdrawing or retaining funds.

Nov 16, 2024 at 03:12 am

How to Sell Tribe Coins

1. Determine the Best Platform to Sell

• Binance: Centralized exchange with high liquidity and trading volume for Tribe (TRIBE).
• Uniswap: Decentralized exchange (DEX) offering TRIBE trading through smart contracts.
• 1inch: DEX aggregator that routes orders to multiple DEXs to get the best execution price for TRIBE.

2. Create an Account and Fund Your Wallet

• Create accounts on your chosen platforms and provide necessary details.
• Fund your wallets with sufficient funds to cover TRIBE trading and transaction fees.

3. Initiate the Selling Process

• Binance: Go to the "Markets" section, select "TRIBE/USDT" or "TRIBE/BTC" trading pair, and place a sell order.
• Uniswap: Connect your wallet to the platform, select "TRIBE" in the "From" field and the desired token in the "To" field, and click "Swap."
• 1inch: Connect your wallet, input the amount of TRIBE you want to sell in the "From" field and select the desired token in the "To" field, and click "Swap."

4. Set Order Specifications and Confirm Sale

• Specify the selling price, order type (market order or limit order), and quantity of TRIBE to sell.
• Review the order details carefully before confirming the sale.

5. Wait for Transaction Completion

• The transaction will be processed within a few minutes depending on network traffic.
• Once the sale is complete, your TRIBE will be exchanged for the desired token.

6. Withdraw or Retain Funds

• Withdraw the funds to your external wallet or retain them on the platform for future trading.
• Note that withdrawal fees may apply depending on the wallet address and network.

Additional Considerations:

• Network Gas Fees: You will need to cover network gas fees to process the transactions on decentralized exchanges like Uniswap and 1inch.
• Price Impact: Selling a large amount of TRIBE at once can affect the market price and result in slippage.
• Slippage: The difference between the intended price and the actual execution price, which can occur due to market volatility or large orders.
• Order Types: Market orders execute immediately at the current market price, while limit orders only execute at a predefined price or better.
• Order Size: Consider the size of your sale in relation to the market liquidity to avoid significant price impact or slippage.
• Security: Ensure that you are trading on legitimate platforms and take appropriate security measures to protect your assets.
• Customer Support: In case of any issues or questions, contact the platform's customer support for assistance.