How to sell dogecoin (DOGE) - Beginner guide:
This article to help you answer the question “How to sell dogecoin (DOGE)?”Four steps to help you right now.
Step 1: Choose a reputable Dogecoin seller:
There are some considerations to consider when deciding where to sell Dogecoin. The change will be subject to crypto exchange and bearer cost; sending DOGE will be free. When deciding where to sell, you can factor in transaction costs. Reasonable fees range from 0% to 5% per transaction. When selling Dogecoin, bank account withdrawal fees are the last thing to consider. One exchange will apply a flat fee. Others apply up to a percentage. Look for an exchange that pays all or part of withdrawal fees, charges a cheap flat fee, or has no withdrawal fees.
Step 2: Create an account:
You must register an account on the cryptocurrency exchange you choose to use to sell Dogecoin. Find the register button quickly or register directly on the fan page after you have completed it and do the following: Enter your phone number or email address. To confirm, enter the verification code sent to the email address or phone number you used to register your account. Click “Sign up” or “Register.”
The KYC process must be completed once your identity is verified; the basic processes have been performed, finder detailed. You can refer to Finder's KYC instructions when visiting here.
Steps to access your personal information: Your name, country of residence, and valid ID are required. You need to submit a scan of your preferred ID for this stage, or you can enter your ID number.
File Upload: You must have a clear image, or your ID scan must be free of glare and obstructions. A copy of your utility bill or bank statement that matches the address and name on the ID you provide needs to be uploaded.
Upload a selfie: this should require taking a photo showing your entire face. It would be best if you held a piece of paper with your name and current date written on it. Some websites may give you a special code to write down.
2FA Activation: This is considered an optional step but also needs to be done, communicating specific requirements about it. With 2-factor authentication, you need to strengthen the security of your account.
Step 3: Deposit Dogecoin:
Following these steps will help you to successfully top up Dogecoin by accessing your wallet or exchange balance:
Find “Dogecoin”
Click on “Deposit”
For Dogecoin funds in your possession, please copy the address provided by the exchange.
In your external Dogecoin wallet, paste the address.
Verify the correct address again.
Depending on your comfort level, you may initially deposit a small amount of money for testing. You will have an additional transaction fee, but you will feel safer.
*Transfer:
You need to choose network fee (note: with higher fees, the transaction will be processed faster)
Leave the wallet immediately after the transaction is notified
Wait for the deposit to be confirmed with the exchange
Depending on the exchange and network congestion, this can take up to an hour.
You can sell your DOGE once the deposit has been confirmed.
Step 4: Sell Dogecoin
You can sell your Dogecoin as it is now in the exchange account. A market or limit order are two options for selling DOGE through an exchange. it is essential to note that you can exchange Dogecoin for cash or other cryptocurrencies and tokens
Market Limit/Orders
You must visit "spot trading," "trading," or "market" on a cryptocurrency exchange to access the market and place limit orders. Market and limit orders are the two most common forms of trading, but there can be more. You can exchange Dogecoin for other cryptocurrencies or fiat-pegged stablecoins when you sell it through spot trading.
Market order:
Dogecoin is sold immediately at the current rate, and although it comes with a lower cost than instant sales, the cost is higher than the limit ground. Suppose you want to sell at the current market price as soon as possible. It would be best if you chose market orders.
Limit order:
It will be sold when Dogecoin reaches the price you specify, which costs much less than instant sales and less than market orders. You can execute a limit order if you want to sell Dogecoin at a specific price.
Maker/taker Fees
These are fees associated with instant trading, manufacturer-evaluated fees for individual customers who are liquid of the exchange (If the order is not already on the ledger). Book Taker Fees are rated for those who remove liquidity from the exchange (Place an order that already exists and is executed immediately. Market orders are usually subject to execution fees because they are unavailable.). Speed of transactions If the price of a limit order is the same as the market price, the receiver fee can be assessed. Orders from manufacturers reduce costs if you place a limited order and evaluate differences from the current market price. On certain exchanges, the transaction fees are almost the same.
This article will help you refer to the “How to sell dogecoin (DOGE)” process.
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