Post
Topic
Board Altcoin Discussion
Re: How do you sell coins?
by
richjohn
on 24/04/2018, 06:01:41 UTC
I'm a complete noob in crypto and trying to learn some basics on trading/exchange currencies.

Pretty stupid/newbie question but how do you sell if you have lets say 500k alt coin? For example, if you were one of the few people who mined bitcoin and had around 500k coins or you mined ethereum and had that amount, how would you sell them? I know exchange have limitation but if you wanted to sell them all together, how would you sell them?

You can sell it in parts or convert it into different coins and put sell orders. Once you have tokens in your wallet, you can send them to any exchange. In order to send that, you need a receiving address. The receiving address can be found by opening the token and clicking on deposit. Once that is done, you can simply receive the coin and it usually gets done within 30 minutes. The time will become shorter eventually with the introduction of Lightning Network. After you have received the coins, you can just list them for sale.