How to sell coins on Yi'an Exchange

By following the registration process and enabling security measures on Yi'an Exchange, you can seamlessly sell cryptocurrencies, adapt your trading strategies to different order types, and monitor your portfolio's performance.

Jan 14, 2025 at 05:30 pm

Key Points:

• Understand the registration process on Yi'an Exchange
• Set up two-factor authentication for enhanced security
• Verify your identity for higher withdrawal limits
• Familiarize yourself with the Yi'an Exchange interface
• Explore different order types to suit your trading needs
• Monitor your transactions and manage your portfolio

Step-by-Step Guide to Selling Coins on Yi'an Exchange:

1. Register for an Account:

• Visit the official Yi'an Exchange website and navigate to the "Register" page.
• Provide necessary personal information, including name, email address, and phone number.
• Set a strong password and confirm it.
• Read and agree to the terms and conditions.
• Click "Sign Up" to create your account.

2. Enable Two-Factor Authentication (2FA):

• Once registered, go to the "Security" section in your account settings.
• Enable Google Authenticator or SMS verification for an extra layer of security.
• Follow the on-screen instructions to set up 2FA.

3. Verify Your Identity:

• Navigate to the "Account Verification" section under your account settings.
• Upload clear copies of your government-issued ID and a recent proof of address (e.g., utility bill).
• Complete the verification process and wait for Yi'an Exchange's approval.
• Higher withdrawal limits and other benefits are available after verification.

4. Learn the Yi'an Exchange Interface:

• Familiarize yourself with the website layout, including the navigation menu, order book, and trading charts.
• Understand the different tabs, such as "Spot," "Margin," and "Futures."
• Explore the available options for buying, selling, and managing your crypto assets.

5. Select an Order Type:

• Yi'an Exchange offers various order types to meet your trading strategies.
• "Market Order": Executes trades at the current market price.
• "Limit Order": Places an order at a specific price, either higher (buy) or lower (sell) than the current market price.
• "Stop Limit Order": Combines a stop order and a limit order to trigger a trade when a certain price point is reached.
• Choose the order type that best suits your needs and trading preferences.

6. Enter Order Parameters:

• Select the coin pair you want to trade (e.g., BTC/USDT).
• Choose the order type and enter the relevant parameters.
• Specify the amount you want to sell and the price you wish to trade at.
• Carefully review the order details before confirming.

7. Monitor Transactions and Portfolio:

• Track the status of your sell order in the "Orders" tab.
• Real-time updates provide information about the order's progress, filled quantity, and execution price.
• Manage your crypto assets in the "Wallet" section, where you can view your balances, deposit, and withdraw funds.
• Monitor your trading history and portfolio performance for informed decision-making.

FAQs:

Q: What are the fees for selling coins on Yi'an Exchange?
A: Yi'an Exchange charges trading fees ranging from 0.1% to 0.2%. The specific fee depends on your trading volume and VIP level.

Q: How long does it take to withdraw funds after selling coins?
A: Withdrawal processing times vary depending on the blockchain network and the amount being withdrawn. Processing typically takes 1-3 business days, but can take longer during periods of high network traffic.

Q: What is the minimum amount I can sell on Yi'an Exchange?
A: The minimum selling amount varies for different coin pairs. Check the order form to determine the minimum for the specific coin pair you wish to trade.