Tag Archives: Bitcoin

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By IkemSamuel

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Transfer Your Balance to an Exchange Before Withdrawal


1_GVTJpn1kD0GZdR8n5tTVMg.jpg

When you are ready to sell your coins or tokens, the first step is to transfer your balance to a cryptocurrency exchange with a liquid market for your chosen trading pair. Popular exchanges that offer liquid markets and include support for tokens include Bittrex, Kraken, Bitfinex, and Poloniex. For large withdrawals, you may have to verify your identity to comply with financial services regulations, so itโ€™s wise to set up your account ahead of time to prevent delays.

As with all cryptocurrency transactions, it is important to verify that you are sending your tokens the correct address since there is no way to reclaim balances sent to the wrong address. The best way to do this is to send a small transaction and verify that it arrives before transferring the rest of your balance.