QUESTION
How do I sell my cryptocurrency on Binance?
ANSWER
To sell cryptocurrency on Binance, one must first ensure they have an account with the exchange and have completed the necessary verification processes. After logging into their account, the individual should deposit the cryptocurrency into their Binance wallet if it's not already there. Once the funds are in the Binance wallet, navigate to the "Exchange" or "Trade" section and select the appropriate trading pair (e.g., BTC/USD if selling Bitcoin for US dollars). Enter the desired amount of cryptocurrency to be sold in the 'Sell' section and choose the type of order: a 'Market' order for an immediate sale at the current market price or a 'Limit' order to set a specific price at which the sale will trigger. After placing the order, monitor its status in the 'Open Orders' section until it is filled, and once complete, the proceeds from the sale will be available in their corresponding currency wallet on Binance.
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