Cryptocurrencies

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How to trade MEW coins to others? Graphic tutorial on selling MEW coins

To trade MEW coins, users can connect their MEW wallet to an exchange, select the trading pair, place a sell order (market or limit), confirm the transaction, and track the progress until the trade is completed.

Oct 14, 2024 at 11:23 pm

How to Trade MEW Coins to Others: A Comprehensive Guide with Visuals

1. Set Up a MEW Wallet

Download and install the MyEtherWallet (MEW) app onto your mobile device or access the web version.
Create a new wallet or import an existing one using your private key.

2. Connect to an Exchange

Navigate to the "Trade" tab within the MEW interface.
Choose a DEX (decentralized exchange) or CEX (centralized exchange) to connect to.
Follow the prompts to provide your exchange login details.

3. Select the Trading Pair

Once connected to the exchange, select the trading pair you wish to trade, e.g., MEW/ETH.

4. Place a Sell Order

Enter the amount of MEW coins you want to sell.
Choose the type of order you wish to place:
- Market Order: Sells your coins at the current market price.
- Limit Order: Sets a specific price at which you want to sell.
Click the "Sell" button to execute the trade.

5. Confirm the Transaction

Review the transaction details and gas fees.
Click the "Approve" button to broadcast the transaction to the blockchain.
Your MEW coins will be traded as per your order.

Visual Guide:

[Image Description: Screenshot of the MEW trade interface with a limit order sell order being placed.]

Steps:

Select the DEX you wish to trade on from the "Connect to an Exchange" menu.
Choose the trading pair (e.g., MEW/ETH) from the dropdown menu.
Enter the amount of MEW coins you want to sell in the "Amount" field.
Select the "Limit Order" option and set your desired selling price.
Click the "Sell" button to place your order.
Review the transaction details and gas fees.
Click the "Approve" button to broadcast the transaction.
Your MEW coins will be sold once the transaction is confirmed.

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