How to create a sell order
Updated on Thu, 21 Mar, 2024 at 10:27 AM
Price orders allow you to set a sell price of a particular cryptocurrency.
You can access this functionality from the blue "Make transactions" button on the screen of each cryptocurrency or from the "Transactions" menu (blue square button) on the home screen and continue with the following steps:
- Click on the sell option.
- As a sell option, select "Schedule price".
- Choose the cryptocurrency you want to sell (only if you access from the Transaction button on the home screen).
- Indicate the price at which you want to sell the cryptocurrency.
- Enter the amount you want to sell.
- Finally, a screen will pop up with the summary of the sell order that you must accept in order to finish the process
IMPORTANT: It is not possible to indicate a sell price with a variation of less than 2% higher or lower than the current quoted price, nor a price above 100% or below 50% of the current price.
In order to be able to schedule a sell order you must have enough balance in the corresponding wallet.
Price orders are an advanced tool to buy or sell cryptocurrencies. In order to use it, you must be aware of its risks. Price orders are not limit orders and therefore the final purchase or sell price may vary from the price indicated in the purchase or sell condition.
This is because the operation is as follows: when the cryptocurrency reaches the price indicated in the purchase or sell condition, a market order is executed with the desired amount to buy and therefore will be affected by the liquidity of the market at that time as well as volatility.
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