Best crypto selling method on exchanges

[uneng]

When we sell our cryptocurrencies at exchanges we can choose to sell instantly for the currently price the asset is being traded on the exchange, or we can open an order, defining the price we want to sell our coins.

I observe real time exchanges' rates are inferior to the general market price I find on google, and that is acceptable, since each exchange will have different rates depending their trading volume, although it always feel like you aren't selling your coins for the fair price.

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

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[mk4]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

It just totally depends how soon I want to get out of my position. When selling majors(BTC, ETH), I mostly just put in sell offers. When selling low caps with low liquidity, I mostly just slowly but surely put in sell offers as to not fill the orderbook with a scary huge sell order. On the other hand, if I see bad news and the market barely reacted yet, I just market sell.

[Strongkored]

First, it really depends on how fast I want to get my coins to the form I want eg fiat or something.
Second, if it is a trading activity on a small exchange with very low liquid and also on coins that are also small in volume then choosing instant sell, the big price difference is likely very far, but placing a sell order on a small trade is also not a good thing because it will require quite a long time until finally our sell order is executed or it doesn't even happen at all because these are trading pairs whose movements are very weak

[o48o]

When we sell our cryptocurrencies at exchanges we can choose to sell instantly for the currently price the asset is being traded on the exchange, or we can open an order, defining the price we want to sell our coins.

I observe real time exchanges' rates are inferior to the general market price I find on google, and that is acceptable, since each exchange will have different rates depending their trading volume, although it always feel like you aren't selling your coins for the fair price.

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Technically it's not about trading volume but liquidity. Just choose an exchange with enough liquidity so that your market sales won't be affecting the price.

Choosing to sell via limit or market order depends what you are doing. If you have an exit target you could set up limit orders, or even an iceberg order. If you just want to get out, you can slowly just market sell and save time. But again, liquidity is the key, there's no point trying to sell something even with limit order when there's not enough buy orders. And if you would do that you would have to wait that someone would use your limit order via arbitrage trading. It's just better to use legit sites with good liquidity and save time.

[Jawhead999]

It depends on the liquidity which is consist of the exchange and coins you're trade.

If you choose popular exchange and the most liquid pair e.g. BTC/USDT, there's no reason you need to sell it slowly in order to gain higher margin, because your sell order wouldn't affect the market since many people are sell more.

It will be different if you use small exchange or shitcoins with low cap, people are trying to pump or dump the coin by put little sell order in order to make people who want to buy the coin automatically will use the recent price.

[Fullcoinese]

because I sell more often in small quantities, I prefer to sell instantly at market prices. but it all depends on my wishes. but I very rarely sell by placing orders with better margins. it is like casting a net when the price can pump on our target. but if the nominal we sell is not that big, I don't think there will be too big a difference. selling instant more fun and fast for us to process. especially if you want to make withdrawals for urgent needs.

[Periodik]

It depends on your purpose for selling. If I sell because I needed the exchange itself or I need to convert it to a different coin so that I could withdraw it with cheaper fees, I would sell it immediately. But if I sell it because I am trading, then I won't convert it immediately. I will have to create an order for it with the exact selling price that I want. That's what trading is basically, making orders both buy and sell according to your analysis.

[Husires]

It is not calculated like that but the need for the speed of executing the order.

Suppose, for example, that you believe that the price has limit at $18,000, and the price will fallen below that (you believe about that) if the price breaks that barrier, then the option to sell now is the best.
If you want to sell in a stable range, setting a price limit makes you earn some money.

The trading strategy also plays an important role in this.

Hence, I can say that there is no absolute "best", but rather the best is a dynamic variable according to each process.

[jrrsparkles]

You can't sell instantly at all even for less price than the actual market price so for selling your asset someone has to open a buying order for that price or above than that can only sell your asset so the best selling method is sell for profit and you only know at what price you bought and also don't forget to add the fee and transaction expenses and also withdrawal fee comes along while cashing out the traded currency.

[Mauser]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

I am rarely selling any crypto currencies these days, in my opinion the prices are not good to sell right now. The current prices are so low that I would recommend to buy than to sell. But for the sake of your question I assume that I would need to sell my coins now. Buying and selling is a very similar transaction and I would use the same strategy. Instead of selling all my coins at once I recommend to sell them over time. The timing question is the biggest challenge in trading, nobody knows when is the best time to buy or to sell. That's why I would always choose to sell my coins over several months than at one point in time. The only exception would be if there is a new project that is very promising. If there is the chance to make a big short term profit than I would switch all my money into the new coin.

[Pandu Geddon]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

selling instant at market price seems to be faster. but I also occasionally place sell orders for assets that I'm not in too much of a rush to sell. setting up better margins of course takes into account profits.
but when selling a small number of assets like BTC, I will sell instantly at market price. when the amount is small, then installing with a margin that is not so large will not affect profits in large numbers.
if the transaction is small, I think it would be better to use instant sell.

[cryptoaddictchie]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

For me it depends. If I need the money right away then I just sell it on the market offers. Its not like a huge difference when bid on a sell offer. But If Im not on a rush then I just hold a good position on my liking and wait for it. Thats what I do when I am doing trading but not all the time since nowadays its quite bearish so its hard to do a short term trading.

[livingfree]

When I trade, I just go with what the market's price and sell it instantly as I'm always on the go. It's simple and plain because I want to save time.

But if you don't like that strategy and way of trading then you can always set and define your prices so that you'll have that much higher profit or better buy when you set it.

So, having the best way of selling is subjective to the traders perspective and need.

[rhomelmabini]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

I'm only selling it instantly at a market price when something is important for a tradeoff for another asset or something I can sell to withdraw and convert it to fiat. Mostly I go to open a trade for a good margin but for altcoins I think not, maybe for BTC it's fine since it doesn't move too fast.

[uneng]

Something which intrigued me at Crypto.com exchange is that instant sale was rating bitcoin at 87,000$ price range, in my local currency, while at google bitcoin was pricing 90,000$, in my local currency. Then I opened an order at Crypto.com to sell my coins for 90,000$, but the platform didn't let me, claiming I would have to open a sale order with bitcoin pricing at least 92,000$.

Isn't it strange? They are forcing you to sell your coins for the instant price they want (cheapest one), since you can't increase it a little, but only to a much more expensive price, nobody is going to purchase soon.

[8rch7]

Depend on situation when have selling instantly or separated with selling order little higher price than current price or altcoin and Bitcoin as coin trading, usually with exchange I used for trading there are almost not bigger different between buy and sell order. There are not problem when selling instantly and have much order buy we can used for selling assets coins trading without waiting longer time.

Have risk when trading used instant between buying or selling because have impact with higher fees payment, keep depend each exchange market rule adopted with how many percentage fees have to pay when selling trough instantly on exchange market.

[tjtonmoy]

When we sell our cryptocurrencies at exchanges we can choose to sell instantly for the currently price the asset is being traded on the exchange, or we can open an order, defining the price we want to sell our coins.

It is called instant sell for a reason. If someone knows that the price may go up, then why should the sell it instantly in the first place? Because they need the money instantly. So they sell at market price.
Other reason could be the fear of price dump. If someone trade their assets emotionally and think that they made a mistake and wants to keep the remaining assets from going down, then they sell immediately. In this case, this needs to be avoided.
But if someone is in need of money instantly, then they will sell. And also it's their personal choice.

[yhiaali3]

Of course, I prefer selling with a better profit margin, I think everyone would like that, so I often place an order in the order book at the price I choose and see fit, because the market price is often not suitable.

But sometimes I am in a hurry, for example, there is another coin that I am interested in and I watch when its price drops and I do not have cash, so I sell immediately at the market price to get cash and buy the other coin at a low price.

Sometimes I also have to transfer to another platform or person or to dollars, in these cases also I use the market rate. I only sell the part I need and leave the rest to order.

[GreatArkansas]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Depends on your goal, if you have a specific price where you want to sell your coins then use the limit order, set the price where you want to trigger the order, and set also the selling price.
Or you can immediately sell your all your buy using market order it will be sold at the current price. For me, I always use market order when I am selling some of my coins if I needed the funds immediately.

[libert19]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Opening order makes you susceptible to price fall as well, I'd rather just sell instantly at market prices unless the spread is too big or slippage is high.

[xSkylarx]

It really depends on you if you want your money immediately or if you can wait and then position your price at the price you want. There are times when I really need that money, but not at that precise moment, so I usually place an order in the tens or twentys of some sort because it can really add up the value on it and still be fulfilled. But again we do have our own preferences some wants to sell it immediatly  some can wait

[JeromeTash]

It depends on the scenario, but i prefer making limit order

Making a sell or buy order at market price can sometimes get your order executed at the price you are not seeing on the orderbook. It's even worse for coins with low liquidity or low trading volumes. I only do market orders if I am in a hurry to execute a trade.

[noorman0]

Even on the spur of the moment though not really concerned with price, I prefer the spot market to at least find a bit of profit to cover the withdrwal fees. I don't know, it seems to have become a habit since the beginning as one of my local exchanges, market makers are charged zero fees than takers.

[darewaller]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Depends on your goal, if you have a specific price where you want to sell your coins then use the limit order, set the price where you want to trigger the order, and set also the selling price.
Or you can immediately sell your all your buy using market order it will be sold at the current price. For me, I always use market order when I am selling some of my coins if I needed the funds immediately.

As long as the set price is realistic (not that high enough) then it won't take long for some one to take it. I always do this at all times because I also lack patience. If all fails then I just choose on the pre-existing orders of other users but usually, we can't earn much from this one but those sellers are the ones who gains more.

Nowadays, we have been told to be careful on using an exchange so guys shouldn't store funds on an exchange longer as the issues about FTX is still fresh so maybe there is a tendency that a domino effect would happen just like on the past specifically after the collapse of terra coin's Luna and their stable coin UST.

[lalabotax]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Everyone has their own reasons why they sell instantly or through an order book. In this case, I think everyone might also do both, it will depend on the conditions when we sell it. If we feel in a hurry to sell it and the listed price is sufficient, then there is no problem selling instant. But when the price is still not right and we are not in a hurry to sell it, it will be better when we set the price at a certain rate.
And one more thing that makes a difference, sometimes the transaction fees between the instant market and the order market are different, sometimes the instant market has higher fees. However this will depend on the exchanges.

[Cookdata]

I don't take google too seriously when it comes to cryptocurrency deals, their values are mostly generated API from Coingecko, Coinmarketcap and other markets but what I hate about them the most is that the first two response google brings are usually the ones that paid for adverts and the other ones would now be displayed below, to avoid all this, I go straight to Coingecko, select the coin and look at the market that is favourable, No KYC and go straight to sell what I have to sell, there is no point in opening a trade that has much spread with the real price, there is no point in opening a trade that is above the current market price if I'm in need of fiats.

[Beparanf]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Open order is really the best if you don’t need immediately the money that you are trading since it doesn’t charge a maker fee for your open trade while you can choose the best price for your asset. I only use this if I’m planning to accumulate a certain tokens and hold it for a long time such as Bitcoin.

Market order is what I used the most I usually trade when I need money to withdraw to fiat. I don’t have time to wait for a limit order to filled for just a dollar difference on my asset.

Choosing what’s best order type depends on the purpose of your trading.

[Adbitco]

This depends on the trader's choice to how importants the trade are to them, as for me i think the prices are likely controlled by bots that's why whenever you want to sell instantly the price falls below the initial price but after a while the price gets back above the previous. So what to do is that, if you wanna buy or sell, just place and order it would triggered and got filled after a somewhile instead of selling instant and losing your funds.

[Nrcewker]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Everything depends on the coin that we are dealing with. If you have a coin which is not so popular, and you still want to yield more profits from it, above the market price, then definitely no one will buy it at high price. But now if you talk about coins like Bitcoins, then definitely there are very high chances that price will fluctuate, and you have chance to sell at comparatively high price then the market. But yes everything depends on luck , marketcap and trading volume. Then sell accordingly.

[AbuBhakar]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Everything depends on the coin that we are dealing with. If you have a coin which is not so popular, and you still want to yield more profits from it, above the market price, then definitely no one will buy it at high price. But now if you talk about coins like Bitcoins, then definitely there are very high chances that price will fluctuate, and you have chance to sell at comparatively high price then the market. But yes everything depends on luck , marketcap and trading volume. Then sell accordingly.

In addition to this. The orderbook liquidity is the main factor on ow to decide what’s the best order method best for the specific coin. A thin orderbook usually has a huge price spread and using a market order here will give you a huge loss when buying and selling since your average price will be the cheapest/expensive that is jot profitable on trading. Limit order is perfect on tokens with huge price spread to gain profit from those traders that has no patience.

Popular coin like Bitcoin usually have a thick orderbook with small price spread which is why market order is the best on this type of coin if you want to enter a position.

[el kaka22]

I do prefer to sell it instantly because I rarely sell and when I do that means I need it right away. Plus, I am a long term investor, which means that if I am going to sell my coins, it is already at a very vastly different price point and that means that small difference between selling instantly on market price versus selling on an order is not that huge compared to the huge difference between when I bought and when I sell.

My ideal situation would be selling when the price hits over 100k, so lets assume that it did and I am going to sell, the price is something like 103.2k and I sell at 103.1k because of market sell, do you think it would matter at all?

[The Cryptovator]

Every trader has their own strategy. So they make the decision to sell their coins. If I trade for a short period of time, I place an order based on my expectations. If I hold the coin and somehow pump it, I will sell it at the current price. Because I believe this was my expected price and I should sell now. I lost several times by placing orders. The price has not yet reached my order and dump price. If I sold at the current price, I would be profitable. So, depending on the circumstances, time will tell you what you should do. It is impossible to predict in advance.

[LUCKMCFLY]

So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

Everything depends on the coin that we are dealing with. If you have a coin which is not so popular, and you still want to yield more profits from it, above the market price, then definitely no one will buy it at high price. But now if you talk about coins like Bitcoins, then definitely there are very high chances that price will fluctuate, and you have chance to sell at comparatively high price then the market. But yes everything depends on luck , marketcap and trading volume. Then sell accordingly.

In addition to this. The orderbook liquidity is the main factor on ow to decide what’s the best order method best for the specific coin. A thin orderbook usually has a huge price spread and using a market order here will give you a huge loss when buying and selling since your average price will be the cheapest/expensive that is jot profitable on trading. Limit order is perfect on tokens with huge price spread to gain profit from those traders that has no patience.

Popular coin like Bitcoin usually have a thick orderbook with small price spread which is why market order is the best on this type of coin if you want to enter a position.

Well that is a great way of analyzing, however I am guided by various exchanges, I do not know if you know that Bitfinex is the exchange when in 2018 all the investors entered with many shorts, causing the price to drop so much that they could have created chaos overall, however this did not happen because everyone knew that the economy was going to recover, however we as good believers in the market know well that the next ATHJ will be very large, we have already had experience of this, and many things may have to happen, but seeing only one exchange is not good, because the volume is not consolidated, it is not the same to enter an exchange that does not have much volume than another that does.

[gunhell16]

What I do is simple, when I work hard to trade every day that comes to me, all I do is set the time frame every 30 mins or 1hr, when I see that I have a profit of 10% or more at that time I will immediately sell the coins.

And I set the order to buy at a low value that I think might go down, at the same time interval of every 30 mins. That's what I do and it's simple to do honestly, but it still depends on the movement of its value in the market because it's volatile.

[Findingnemo]

I will go for the instant trading at most of the times because I don't feel comfortable with having my money in the hands of exchange for a too long but before depositing the money I will make sure what is the price trading on the particular exchange where I am going to deposit irrespective of what coin tracking websites shows to as and also I note about the trading volume around my desired selling price so I won't regret later for the transaction period.

[cabron]

Upon buying is where many traders will set thier lowest price to get the best deal so it's like building up the bottom wall.

When a person sells his coins, he most probably going to choose the right time to sell which he knows his target price or the closest to it at least, and sell instantly.  I would do the same and if I change my mind to buy again, I will wait for the price to dump.

[tvplus006]

...So, what do you prefer, to sell your coins instantly for less or to open an order and profit a slight better margin, reaching the general market's prices rates?

This will depend on the state of the market at the time of the transaction. If the price starts to fall and you want to sell your coins at that moment, then you have no choice but to sell them at the current price. In all other cases, it is necessary to open a limit order, and in this case the exchange commission will be lower.