What to do about ICO Tokens?

[pugman]

It is my first time receiving a token from a campaign,

I just want to know, in simpliest words possible, what to do with it and how will I earn from it.
Are their any steps or procedure I need to follow to change it to BTC?

Thanks for the enlightenment..

To begin with, you need to have some patience, you will be holding the token for some time even after receiving it, because it depends on the ICO and their contractual agreement with exchanges would only help you with converting which ever token you receive to bitcoin. But watch out for dumpers, who will want to just the token the very moment it gets listed on some exchange. And watch out for useless exchanges too, even if they get listed the value won't even be close to the ICO price, so preferably wait for some time and sell at a nominal price.

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[Gabb]

I am impressed that there are people willing to acquire something even without knowing what it is for. The only way you could exchange your tokens is through trading, although usually the exchanges where you can sell your tokens, such as etherdelta, are usually designed to exchange tokens by ethers, not by bitcoin. For this you would need a second exchange later, but now from ethereum to bitcoin.

[macchiato]

Trade them in exchange sites. There are certain moments where ICO tokens are high in demand, hence high price too, which is why you have to track prices in the exchange site so you wouldn't miss the chance of selling your tokens in a high price.

[yndye]

It is my first time receiving a token from a campaign,

I just want to know, in simpliest words possible, what to do with it and how will I earn from it.
Are their any steps or procedure I need to follow to change it to BTC?

Thanks for the enlightenment..

Wait for the token to be listed in exchange and then sell it there in exchange of bitcoin. Once the tokens are listed on exchanges, there is a tendency price would go down because the bounty hunters and some investors would sell and if you want to have some btc too then you can sell too but in crypto world, patience pays off most of the time so I suggest for you to wait for some time before selling or you can also have the option of buying more in the bottom so that when it climbs back up again, you can have more gains.

[EinWert]

If you find the ICO is not promissing one just sell it at exchange it listed immediately. (Etherdelta and others). But if you think its gonna become more expensive just hold it and sell later

[EmmaAllen]

It is my first time receiving a token from a campaign,

I just want to know, in simpliest words possible, what to do with it and how will I earn from it.
Are their any steps or procedure I need to follow to change it to BTC?

Thanks for the enlightenment..

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