How to trade STORJ coins to others

To trade STORJ coins on Binance, create an account, verify your identity, deposit STORJ, create a trade order, review it, submit it to the order book, and withdraw the proceeds once your coins are sold.

Nov 22, 2024 at 05:08 am

How to Trade STORJ Coins to Others

STORJ is a decentralized cloud storage network that allows users to rent out their unused hard drive space and earn STORJ tokens in return. STORJ tokens can be traded on a variety of cryptocurrency exchanges.

In this guide, we will show you how to trade STORJ coins to others using the Binance exchange.

Step 1: Create a Binance Account

The first step is to create a Binance account. You can do this by visiting the Binance website and clicking on the "Sign Up" button. You will need to provide your email address, create a password, and agree to the Binance terms of service.

Once you have created your account, you will need to verify your identity. This is done by providing your government-issued ID and a selfie.

Step 2: Deposit STORJ Coins into Your Binance Account

Once your account has been verified, you will need to deposit STORJ coins into your Binance account. You can do this by sending STORJ coins from another wallet or by purchasing STORJ coins directly from Binance.

To deposit STORJ coins from another wallet, click on the "Deposit" button in the Binance menu bar and select STORJ from the list of supported coins. You will then need to provide the address of your STORJ wallet and the amount of STORJ coins you want to deposit.

To purchase STORJ coins directly from Binance, click on the "Buy Crypto" button in the Binance menu bar and select STORJ from the list of supported coins. You will then need to choose a payment method and enter the amount of STORJ coins you want to purchase.

Step 3: Create a Trade Order

Once you have STORJ coins in your Binance account, you can create a trade order to sell them to others. To do this, click on the "Trade" button in the Binance menu bar and select STORJ from the list of supported coins.

You will then need to choose the type of trade order you want to create. There are two types of trade orders: limit orders and market orders.

• Limit orders allow you to specify the price at which you want to sell your STORJ coins.
• Market orders allow you to sell your STORJ coins at the current market price.

Once you have chosen the type of trade order you want to create, you will need to enter the amount of STORJ coins you want to sell. You will also need to choose the currency you want to receive in exchange for your STORJ coins.

Step 4: Review Your Trade Order

Once you have entered all of the required information, you will need to review your trade order before submitting it. Make sure that you have entered the correct price, amount, and currency.

Step 5: Submit Your Trade Order

Once you have reviewed your trade order, you can submit it to the Binance exchange. To do this, click on the "Sell STORJ" button.

Your trade order will then be added to the Binance order book. Once your trade order is matched with a buyer's order, your STORJ coins will be sold and the proceeds will be credited to your Binance account.

Step 6: Withdraw Your Proceeds

Once your STORJ coins have been sold, you can withdraw the proceeds from your Binance account. To do this, click on the "Withdraw" button in the Binance menu bar and select the currency you want to withdraw.

You will then need to provide the address of your wallet and the amount of currency you want to withdraw.

Conclusion

Trading STORJ coins to others is a simple and straightforward process. By following the steps outlined in this guide, you can quickly and easily sell your STORJ coins and withdraw the proceeds.