Selling Cryptocurrency

Created by Herald Exchange, Modified on Fri, 27 Sep, 2024 at 6:44 AM by Herald Exchange

  • Overview

    The Sell Crypto Page allows users to convert cryptocurrencies like Tether (USDT) into fiat currencies, such as Dirham (AED). It features a streamlined and intuitive interface to facilitate smooth transactions.

    Key Sections:

    1. You Pay:

      • Select the amount of cryptocurrency to sell (e.g., USDT).
      • Displayed along with your available crypto balance.
    2. You Get:

      • Shows the amount of fiat currency (e.g., AED) you'll receive based on current market rates.
    3. Estimated Rate:

      • The exchange rate is calculated in real-time, ensuring transparent conversion between crypto and fiat.
    4. Transaction Confirmation:

      • After selecting the amount, click Continue to proceed with the transaction and finalize the sale.

  • Features Explanation:

    1. Real-Time Conversion:

      • The conversion between cryptocurrencies and fiat currencies is dynamic, reflecting real-time exchange rates. This ensures that users are always getting up-to-date pricing for their transactions.
    2. Interactive Input:

      • The Percentage Slider below the “You Pay” field allows you to quickly allocate what portion of your cryptocurrency balance you wish to sell. It ranges from 0% to 100%, making it easy to sell partial amounts.
    3. Balance Information:

      • The Available Balance shows the total amount of the selected cryptocurrency in your wallet, which helps in deciding how much to sell. This is updated continuously.
    4. Transaction Overview:

      • Confirmation and Security: After clicking Continue, users are typically taken to a review page where they can confirm the transaction details, ensuring everything is correct before finalizing the sale.

  • Additional Tips:

    • Market Awareness: Be aware of fluctuating market rates when selling, as they can impact how much fiat currency you receive.
    • Fiat Withdrawal: Ensure your account is set up correctly to withdraw fiat currencies to your designated bank or payment method.

  • Page Overview :

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