How to create a sell order

Modified on Mon, 6 Jul at 12:05 PM

Sell orders are a fantastic tool for setting the price at which you want to sell a cryptocurrency. You can schedule these orders so that once the cryptocurrency reaches your specified value, the sale is automatically executed, in exchange for Euros, USDC, or EURC (whichever currency you've configured).

To schedule a sell order, you need to start the process for any sale from the wallet of the cryptocurrency you want to schedule the order for, or by using the operations button:

Tap the operations button (blue square) found in the horizontal menu at the bottom of the screen if you're using the app, or in the top-right corner if you're on the web:
In the operations menu, tap "Sell" - .
Choose "Sell order" as the sale type.
Select the cryptocurrency from the list for which you want to schedule the sale. Remember that to schedule a sell order in your Wallet, the cryptocurrencies you wish to sell must be deposited in your Wallet.
Indicate the quoted price at which you want the sell order to be executed by tapping + or -, or by entering it manually with the numeric keyboard.
Indicate the currency in which you want to receive the sale proceeds (Euro, USDC, or EURC) and tap the Continue button.
On the next screen, indicate the amount of cryptocurrencies you wish to sell when the conditions of the order you are scheduling are met. Select the wallet where you want to receive the funds once the sale is made (Euro wallet or stablecoin wallet) and tap the Continue button.
In the final window, you'll see the details of the sell order you are about to schedule. Review that everything is correct and tap the Create sell order button to confirm.

IMPORTANT

Buy and sell orders cannot be created with a price variation of less than 2% from the current price. For example, if Bitcoin is currently worth €25,000 and we want to create a buy or sell order, we will need to indicate a price greater than €26,250 or less than €23,750. The reason for this limitation is to reduce the risk of instant order execution due to unfavorable market conditions such as low liquidity or high volatility.
Similarly, buy or sell orders are limited to 100% higher or 50% lower than the current price. For example, if Bitcoin is worth €25,000, the maximum range in which we can create an order will be between €12,500 and €50,000.
To schedule a buy/sell order, you must have sufficient balance in the corresponding wallet.
Scheduled buy/sell orders are valid for 90 days. If the order has not been executed after this period due to the specified values not being reached, it will be automatically deleted.
When executing the sale, available funds in the wallet will be used first. If these are not sufficient, it will be completed with funds from Earn. If all funds are in Earn, these funds will be used directly.

Buy/sell orders are an advanced tool for buying or selling cryptocurrencies. To use it, you must be aware of its risks.

Buy/sell orders are not limit orders, and therefore the final buy or sell price may vary from the price indicated in the buy or sell condition. This is because the process works as follows: when the cryptocurrency reaches the price indicated in the buy or sell condition, a market order is executed for the desired amount to buy, and thus it will be affected by market liquidity and volatility at that moment.

Similarly, if a token registers very low trading volume or insufficient liquidity, the scheduled order might not be executed.