How to trade ORBS coins to others

To trade ORBS coins on cryptocurrency exchanges, users create an account, fund it, place a trade order, confirm it, and withdraw or send the coins from the exchange.

Nov 25, 2024 at 01:21 am

How to Trade ORBS Coins to Others

ORBS is a decentralized public blockchain network designed specifically for businesses. It enables businesses to build and deploy decentralized applications (dApps) and leverages a variety of consensus mechanisms to ensure network security and scalability.

Trading ORBS coins involves transferring ownership of ORBS tokens from one party to another. This can be done through various platforms, including cryptocurrency exchanges, peer-to-peer (P2P) marketplaces, and non-custodial wallets.

Trading ORBS Coins on Cryptocurrency Exchanges

Step 1: Create an Account on a Cryptocurrency Exchange

Select a reputable cryptocurrency exchange that supports ORBS trading. Binance, KuCoin, and Gate.io are popular exchanges that offer ORBS trading pairs.

Step 2: Fund Your Exchange Account

Deposit funds into your exchange account to purchase ORBS coins. You can use cryptocurrencies, such as Bitcoin (BTC) or Ethereum (ETH), or fiat currencies, such as USD or EUR.

Step 3: Place a Trade Order

Navigate to the ORBS trading pair page and select the type of order you want to place. You can choose from market orders, limit orders, and stop-limit orders.

Step 4: Confirm the Trade

Once you have entered the required trade parameters, review and confirm the order details. Ensure that you have sufficient funds in your account to cover the trade.

Step 5: Send ORBS Coins from the Exchange

Once the trade is executed, your ORBS coins will be credited to your exchange account. You can then withdraw the coins to your personal wallet or send them directly to the recipient's exchange account.

Trading ORBS Coins on P2P Marketplaces

Step 1: Join a P2P Marketplace

P2P marketplaces, such as LocalBitcoins and Paxful, allow users to trade cryptocurrencies directly with each other. Find a marketplace that offers ORBS trading.

Step 2: Search for a Counterparty

Create a trade advertisement or respond to an existing one. Specify the amount of ORBS you want to trade, the payment method you prefer, and any other relevant details.

Step 3: Initiate a Trade

Once you have found a suitable counterparty, initiate a trade and agree on the terms, including the exchange rate and release conditions for the ORBS coins.

Step 4: Complete the Trade

Exchange the ORBS coins with the counterparty either through a P2P escrow service or directly. Ensure that you follow the trade guidelines and safety measures to protect your funds.

Trading ORBS Coins on Non-Custodial Wallets

Step 1: Acquire a Non-Custodial Wallet

Non-custodial wallets, such as MetaMask and Trust Wallet, give you full control over your private keys. Create a wallet that supports ORBS coins.

Step 2: Receive the Wallet Address

Each non-custodial wallet has a unique public address where you can receive cryptocurrency. Copy or share your ORBS wallet address with the sender.

Step 3: Transfer ORBS Coins

Once the sender initiates the transaction, the ORBS coins will be transferred directly to your wallet. You will be able to view the transaction on the blockchain explorer.

Step 4: Send ORBS Coins

To send ORBS coins from your non-custodial wallet, enter the recipient's public wallet address, specify the amount you want to send, and pay the transaction fee. Confirm the transaction details and initiate the transfer.