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What currency can I receive when I sell a token on Binance?

avatarClaudiu BardanDec 16, 2021 · 3 years ago5 answers

When I sell a token on Binance, what currency will I receive in return? Can I choose the currency or is it automatically converted to a specific currency?

What currency can I receive when I sell a token on Binance?

5 answers

  • avatarDec 16, 2021 · 3 years ago
    When you sell a token on Binance, the currency you will receive in return depends on the trading pair you are using. Binance offers a wide range of trading pairs, including BTC, ETH, USDT, and many others. The currency you receive will be the one that you selected when placing your sell order. For example, if you are selling a token for BTC, you will receive BTC in return.
  • avatarDec 16, 2021 · 3 years ago
    When you sell a token on Binance, the currency you receive will be the one that you selected when placing your sell order. Binance provides a variety of trading pairs, allowing you to choose the currency you want to receive. This flexibility is one of the advantages of trading on Binance, as it allows you to easily convert your tokens into the currency of your choice.
  • avatarDec 16, 2021 · 3 years ago
    When you sell a token on Binance, the currency you receive will depend on the trading pair you are using. Binance offers a wide range of trading pairs, allowing you to sell tokens for different cryptocurrencies or stablecoins. However, it's important to note that the availability of trading pairs may vary depending on market conditions. To find out which currencies are available for trading, you can check the Binance website or use their trading platform.
  • avatarDec 16, 2021 · 3 years ago
    When you sell a token on Binance, the currency you receive will be automatically converted to the currency you selected when placing your sell order. Binance uses its advanced trading engine to ensure seamless and efficient conversions. This means that you don't have to worry about manually converting your tokens to a specific currency. Binance takes care of the conversion process for you, making it easy to sell your tokens and receive the currency of your choice.
  • avatarDec 16, 2021 · 3 years ago
    When you sell a token on Binance, the currency you receive will be the one that you selected when placing your sell order. Binance offers a user-friendly trading interface that allows you to easily select the currency you want to receive. Whether you prefer Bitcoin, Ethereum, or any other supported cryptocurrency, Binance gives you the flexibility to choose the currency that suits your needs.