Home web3.0 Bybit exchange currency selling process

Bybit exchange currency selling process

Aug 27, 2024 pm 12:26 PM
usdt exchange

The steps to sell USTC coins through Bybit exchange are as follows: Log in to your Bybit account and transfer USTC to the spot account. Go to the Spot Trading page and create a sell order (limit or market order). Enter price, quantity and confirm order. The order will be executed when the market price reaches or exceeds the sell order price. View the Orders tab to view sell order status and transaction history.

Bybit exchange currency selling process

How to sell USTC coins on Bybit exchange: Detailed process

1. Log in to your Bybit account

  • Open the Bybit website or app and log in to your account.

2. Transfer USTC to spot account

  • If your USTC coins are stored in other accounts or wallets, please transfer them to Bybit’s spot account.
  • Click "Assets" in the top menu bar and select "Spot Account".
  • Find the USTC coin and click "Deposit".
  • Copy the deposit address and send it to the account where USTC is stored.

3. Create a sell order

  • Go to Bybit’s “Spot Trading” page.
  • Enter "USTC/USDT" in the search bar.
  • Click on the "Sell" tab.
  • Fill in your order details:

    • Order type: Select "Limit order" or "Market order"
    • Price: Enter the price at which you wish to sell USTC
    • Quantity: Enter the quantity of USTC you want to sell
  • Click the "Sell USTC" button to create a sell order.

4. Order execution

  • Your sell order will be added to Bybit’s order book.
  • When the market price reaches or exceeds your sell order price, your USTC will be sold and you will receive the equivalent USDT.

5. View transaction history

  • You can check the status of your sell order by clicking the "Order" tab.
  • Completed orders will appear as "Completed".

Tip:

  • Before creating a sell order, make sure you understand the current market price.
  • Selling a large amount of USTC may take more time to complete.
  • Bybit may charge fees for USTC transactions, please confirm the fees before creating a sell order.

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