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How to make profit from selling U coins on Pancake Exchange

Robert Michael Kim
Robert Michael KimOriginal
2024-09-29 14:27:32916browse

To make a profit from selling U coins on the Pancake Exchange, you need to perform the following steps: create an account; recharge U coins; select a trading pair; create a limit order, enter the selling price and quantity; confirm the order and sell; wait for the order to be completed; withdraw the profit .

How to make profit from selling U coins on Pancake Exchange

How to make profit by selling U coins on Pancake Exchange

To make profit by selling U coins on Pancake Exchange, you The following steps need to be followed:

Step 1: Create an Account

Create an account on Pancake Exchange, providing your personal information and contact information.

Step 2: Deposit U Coins

Recharge your U Coins from an external wallet or exchange to your Pancake Exchange account.

Step 3: Select a trading pair

Find the trading pair between U Coin and the currency you want to exchange (such as BTC or USDT).

Step 4: Create a limit order

On the trading pair page, select the "Limit" option. Enter the price you want to sell U Coins for in the "Price" field and the quantity you want to sell in the "Quantity" field.

Step 5: Confirm Order

View your order details to make sure the price and quantity are correct. Then, click the “Sell U Coins” button.

Step 6: Wait for the order to be filled

Your order will be submitted to the order book of Pancake Exchange. When another user accepts your price, your order will be filled.

Step 7: Withdraw profits

Once your order is filled, your profits will be deposited into your Pancake Exchange account. You can withdraw it to an external wallet or bank account at any time.

Tip:

  • Research the market and understand the current price trend of U Coin.
  • Set a reasonable selling price to attract buyers.
  • Consider using a stop loss order to limit potential losses.
  • Understand the fees on Pancake Exchange and take them into consideration when setting your prices.

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