How to create a sell order

Modified on Wed, 13 Aug at 4:28 PM

Sell orders are a fantastic tool for setting the price at which you want to sell a cryptocurrency. You can program these orders so that, once the cryptocurrency reaches the value you specified, the sale is executed automatically, and you get Euros, USDC, or EURC in return (whichever currency you have configured).

To program a sell order, you have to start the flow of any regular sale from the cryptocurrency wallet in which you want to program the order or from the operations button:

Click on the operations button (blue square) that you will find in the horizontal menu at the bottom of the screen if you are using the APP, or in the upper right corner if you are using the web:
In the operations menu, click on "Sell" - .
Choose "Sell order" as the sale type.
Select the cryptocurrency from the list in which you want to program the sale. Remember that to program a sell order in the Wallet, the cryptocurrencies you want to sell must be deposited in the Wallet.
Indicate the quote price at which you want the sell order to be executed by clicking on + or -, or manually with the numeric keypad.
Indicate the currency in which you want to receive the sale (Euro, USDC, or EURC) and click on the Continue button.
On the next screen, indicate the amount of cryptocurrencies you wish to sell when the conditions of the order you are going to program are met. Select the wallet where you want to receive the funds once the sale is made (euros or stablecoin wallet) and click on the Continue button.
In the last window, you will see the details of the sell order you are about to program. Check that everything is correct and click on the Create sell order to confirm.

IMPORTANT

You cannot create buy or sell orders with a price less than 2% variation from the current price. For example, if Bitcoin is currently worth €25,000 and we want to create a buy or sell order, we will have to indicate a price greater than €26,250 or less than €23,750. The reason for this limitation is to reduce the risk of an instant execution of an order due to unfavorable market conditions such as low liquidity or high volatility.
In the same way, buy or sell orders are limited to 100% greater or 50% less than the current price. For example, if Bitcoin is worth €25,000, the maximum range in which we can create an order will be between €12,500 and €50,000.
To be able to program a buy/sell order, you must have a sufficient balance in the corresponding wallet.
Programmed buy/sell orders are valid for 90 days. If the order has not been executed after this period because the indicated values have not been reached, it will be automatically deleted.
When executing the sale, the funds available in the wallet will be used first. If they are not enough, it will be completed with funds from Earn. If all funds are in Earn, these funds will be used directly.

Buy/sell orders are an advanced tool for buying or selling cryptocurrencies. To be able to use it you must be aware of its risks.

Buy/sell orders are not limit orders and therefore the final purchase or sale price may vary from the price indicated in the purchase or sale condition. This is because the operation works as follows: when the cryptocurrency reaches the price indicated in the purchase or sale condition, a market-type order is executed with the desired amount to be purchased and therefore it will be affected by the market liquidity at that time as well as volatility.

Likewise, if a token records a very low trading volume or insufficient liquidity, the programmed order might not be executed.