how to sell shiba inu coin on wazirx

To sell Shiba Inu (SHIB) coin on WazirX, create an account, deposit SHIB coins, place a sale order selecting the preferred order type, track the order's progress, and withdraw the INR proceeds to your bank account.

Oct 19, 2024 at 05:18 am

How to Sell Shiba Inu (SHIB) Coin on WazirX

Step 1: Create an Account on WazirX

Go to the WazirX website or app.
Click on "Sign Up" and follow the instructions to create an account.
Verify your email address and phone number.

Step 2: Deposit Shiba Inu (SHIB) Coins

Click on "Deposits" from the menu bar.
Select "INR" from the "Currency" drop-down list.
Click on "Shiba Inu (SHIB)" and copy the deposit address.
Transfer your SHIB coins from your external wallet to the WazirX deposit address.

Step 3: Place a Sale Order

Click on "Exchange" from the menu bar.
Select "SHIB/INR" from the "Market" drop-down list.
Enter the amount of SHIB you want to sell in the "Sell SHIB" field.
Choose the order type:
- Limit Order: Set a specific price at which you want to sell your SHIB coins.
- Market Order: Sell your SHIB coins at the current market price.
Click on "Sell SHIB."

Step 4: Track Your Order

Your sale order will be placed in the order book.
Click on "Open Orders" from the menu bar to track the status of your order.
Once the order is filled, the SHIB coins will be sold, and the INR proceeds will be credited to your WazirX wallet.

Step 5: Withdraw the INR Proceeds

Click on "Withdrawals" from the menu bar.
Select "INR" from the "Currency" drop-down list.
Enter the amount of INR you want to withdraw and the bank account details where you want to receive the funds.
Click on "Withdraw."

Additional Notes:

Ensure you have sufficient SHIB coins in your WazirX wallet before placing a sale order.
Set a competitive price if you are using a limit order to increase the likelihood of your order being filled.
Monitor the market closely before selling to optimize your profit.
The withdrawal process may take up to 24 hours.

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