Best crypto selling method on exchanges - page 2.

tjtonmoy

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Quote from: uneng on January 10, 2023, 07:24:57 PM

When we sell our cryptocurrencies at exchanges we can choose to sell instantly for the currently price the asset is being traded on the exchange, or we can open an order, defining the price we want to sell our coins.

It is called instant sell for a reason. If someone knows that the price may go up, then why should the sell it instantly in the first place? Because they need the money instantly. So they sell at market price.
Other reason could be the fear of price dump. If someone trade their assets emotionally and think that they made a mistake and wants to keep the remaining assets from going down, then they sell immediately. In this case, this needs to be avoided.
But if someone is in need of money instantly, then they will sell. And also it's their personal choice.

8rch7

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Depend on situation when have selling instantly or separated with selling order little higher price than current price or altcoin and Bitcoin as coin trading, usually with exchange I used for trading there are almost not bigger different between buy and sell order. There are not problem when selling instantly and have much order buy we can used for selling assets coins trading without waiting longer time.

Have risk when trading used instant between buying or selling because have impact with higher fees payment, keep depend each exchange market rule adopted with how many percentage fees have to pay when selling trough instantly on exchange market.

uneng

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Something which intrigued me at Crypto.com exchange is that instant sale was rating bitcoin at 87,000$ price range, in my local currency, while at google bitcoin was pricing 90,000$, in my local currency. Then I opened an order at Crypto.com to sell my coins for 90,000$, but the platform didn't let me, claiming I would have to open a sale order with bitcoin pricing at least 92,000$.

Isn't it strange? They are forcing you to sell your coins for the instant price they want (cheapest one), since you can't increase it a little, but only to a much more expensive price, nobody is going to purchase soon.

rhomelmabini

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Quote from: uneng on January 10, 2023, 07:24:57 PM

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

I'm only selling it instantly at a market price when something is important for a tradeoff for another asset or something I can sell to withdraw and convert it to fiat. Mostly I go to open a trade for a good margin but for altcoins I think not, maybe for BTC it's fine since it doesn't move too fast.

livingfree

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When I trade, I just go with what the market's price and sell it instantly as I'm always on the go. It's simple and plain because I want to save time.

But if you don't like that strategy and way of trading then you can always set and define your prices so that you'll have that much higher profit or better buy when you set it.

So, having the best way of selling is subjective to the traders perspective and need.

cryptoaddictchie

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Quote from: uneng on January 10, 2023, 07:24:57 PM

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

For me it depends. If I need the money right away then I just sell it on the market offers. Its not like a huge difference when bid on a sell offer. But If Im not on a rush then I just hold a good position on my liking and wait for it. Thats what I do when I am doing trading but not all the time since nowadays its quite bearish so its hard to do a short term trading.

Pandu Geddon

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Quote from: uneng on January 10, 2023, 07:24:57 PM

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

selling instant at market price seems to be faster. but I also occasionally place sell orders for assets that I'm not in too much of a rush to sell. setting up better margins of course takes into account profits.
but when selling a small number of assets like BTC, I will sell instantly at market price. when the amount is small, then installing with a margin that is not so large will not affect profits in large numbers.
if the transaction is small, I think it would be better to use instant sell.

Mauser

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Quote from: uneng on January 10, 2023, 07:24:57 PM

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

I am rarely selling any crypto currencies these days, in my opinion the prices are not good to sell right now. The current prices are so low that I would recommend to buy than to sell. But for the sake of your question I assume that I would need to sell my coins now. Buying and selling is a very similar transaction and I would use the same strategy. Instead of selling all my coins at once I recommend to sell them over time. The timing question is the biggest challenge in trading, nobody knows when is the best time to buy or to sell. That's why I would always choose to sell my coins over several months than at one point in time. The only exception would be if there is a new project that is very promising. If there is the chance to make a big short term profit than I would switch all my money into the new coin.

jrrsparkles

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You can't sell instantly at all even for less price than the actual market price so for selling your asset someone has to open a buying order for that price or above than that can only sell your asset so the best selling method is sell for profit and you only know at what price you bought and also don't forget to add the fee and transaction expenses and also withdrawal fee comes along while cashing out the traded currency.

Husires

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It is not calculated like that but the need for the speed of executing the order.

Suppose, for example, that you believe that the price has limit at $18,000, and the price will fallen below that (you believe about that) if the price breaks that barrier, then the option to sell now is the best.
If you want to sell in a stable range, setting a price limit makes you earn some money.

The trading strategy also plays an important role in this.

Hence, I can say that there is no absolute "best", but rather the best is a dynamic variable according to each process.

Periodik

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It depends on your purpose for selling. If I sell because I needed the exchange itself or I need to convert it to a different coin so that I could withdraw it with cheaper fees, I would sell it immediately. But if I sell it because I am trading, then I won't convert it immediately. I will have to create an order for it with the exact selling price that I want. That's what trading is basically, making orders both buy and sell according to your analysis.

Fullcoinese

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because I sell more often in small quantities, I prefer to sell instantly at market prices. but it all depends on my wishes. but I very rarely sell by placing orders with better margins. it is like casting a net when the price can pump on our target. but if the nominal we sell is not that big, I don't think there will be too big a difference. selling instant more fun and fast for us to process. especially if you want to make withdrawals for urgent needs.

Jawhead999

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It depends on the liquidity which is consist of the exchange and coins you're trade.

If you choose popular exchange and the most liquid pair e.g. BTC/USDT, there's no reason you need to sell it slowly in order to gain higher margin, because your sell order wouldn't affect the market since many people are sell more.

It will be different if you use small exchange or shitcoins with low cap, people are trying to pump or dump the coin by put little sell order in order to make people who want to buy the coin automatically will use the recent price.

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Quote from: uneng on January 10, 2023, 07:24:57 PM

When we sell our cryptocurrencies at exchanges we can choose to sell instantly for the currently price the asset is being traded on the exchange, or we can open an order, defining the price we want to sell our coins.

I observe real time exchanges' rates are inferior to the general market price I find on google, and that is acceptable, since each exchange will have different rates depending their trading volume, although it always feel like you aren't selling your coins for the fair price.

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Technically it's not about trading volume but liquidity. Just choose an exchange with enough liquidity so that your market sales won't be affecting the price.

Choosing to sell via limit or market order depends what you are doing. If you have an exit target you could set up limit orders, or even an iceberg order. If you just want to get out, you can slowly just market sell and save time. But again, liquidity is the key, there's no point trying to sell something even with limit order when there's not enough buy orders. And if you would do that you would have to wait that someone would use your limit order via arbitrage trading. It's just better to use legit sites with good liquidity and save time.

Strongkored

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First, it really depends on how fast I want to get my coins to the form I want eg fiat or something.
Second, if it is a trading activity on a small exchange with very low liquid and also on coins that are also small in volume then choosing instant sell, the big price difference is likely very far, but placing a sell order on a small trade is also not a good thing because it will require quite a long time until finally our sell order is executed or it doesn't even happen at all because these are trading pairs whose movements are very weak

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Quote from: uneng on January 10, 2023, 07:24:57 PM

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

It just totally depends how soon I want to get out of my position. When selling majors(BTC, ETH), I mostly just put in sell offers. When selling low caps with low liquidity, I mostly just slowly but surely put in sell offers as to not fill the orderbook with a scary huge sell order. On the other hand, if I see bad news and the market barely reacted yet, I just market sell.

uneng

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When we sell our cryptocurrencies at exchanges we can choose to sell instantly for the currently price the asset is being traded on the exchange, or we can open an order, defining the price we want to sell our coins.

I observe real time exchanges' rates are inferior to the general market price I find on google, and that is acceptable, since each exchange will have different rates depending their trading volume, although it always feel like you aren't selling your coins for the fair price.

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

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