Cryptocurrencies

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How to sell FET coin? What are the methods of selling FET coin?

To sell Fetch.ai (FET) tokens, you can choose a reputable crypto exchange like Binance or Kraken, transfer FET to the exchange, place a sell order specifying the amount and price, execute the order, and withdraw the proceeds.

Sep 30, 2024 at 11:17 am

How to Sell FET Coin

Fetch.ai (FET) is a decentralized AI platform where users can train, deploy, and monetize AI systems. Here's a detailed guide on how to sell FET coin:

1. Choose an Exchange:

Select a reputable cryptocurrency exchange that supports FET trading, such as Binance, Kraken, or Huobi Global.
Create an account on the chosen exchange and complete the verification process.

2. Transfer FET to the Exchange:

Log in to your FET wallet and initiate a transaction to transfer the coins you wish to sell to the exchange's deposit address.
The transfer time may vary depending on the network congestion and blockchain confirmation times.

3. Place a Sell Order:

Navigate to the "Markets" section of the exchange and search for the FET/USDT or FET/BTC trading pair.
Choose a sell order type:
- Market Order: Sells FET instantly at the current market price.
- Limit Order: Sells FET at a specified price.
- Stop-Limit Order: Sells FET if the market price falls below a predetermined level.

4. Specify the Amount and Price:

Enter the amount of FET you möchten sell.
If you choose a limit order, specify the sell price.

5. Execute the Order:

Review the order details and confirm your sell transaction.
Once executed, the exchange will match your order with a buyer and complete the sale.

6. Withdraw Proceeds:

After the sale is completed, you can withdraw the proceeds to your bank account or other supported payment methods.
The withdrawal process may take some time, depending on the exchange's processing speed.

Additional Methods of Selling FET Coin:

Over-the-Counter (OTC) Trading: Sell FET directly to buyers through platforms like LocalBitcoins or Bisq, which connect sellers and buyers privately.
P2P Marketplaces: Use decentralized peer-to-peer marketplaces like OpenBazaar or AtomicDEX to trade FET directly with other users.
Crypto Debit Cards: Some cryptocurrency companies offer debit cards that allow you to spend FET directly for goods and services.

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