📉How to Sell on LibreDEX
How to Place a Sell Order on LibreDEX
Last updated
How to Place a Sell Order on LibreDEX
Last updated
Log into your accounts on LibreDEX as shown in this How-To.
In LibreDEX select the DEX tab:
If you have questions about the general layout of the DEX please review this page of our Docs section.
Below "Orderbook" in the top left you can select the dropdown arrow to reveal all of the BRC20 tokens available for trading on LibreDEX. In order to input a Sell order for a BRC20 you will need to select one that you own some of. VMPX is being selected for this example with 200 tokens available.
When selling tokens on the LibreDEX you need to decide if you want to sell your tokens for a fixed price in sats regardless of what buyers are offering, or if you want to sell your tokens for whatever price the current buyers are willing to pay.
If selling at whatever price buyers are willing to pay, the easiest way to populate the Amount and Price fields is to click on one of the green numbers in the order book indicating the various price levels.
If we select the 179 value it will populate the Sell order as follows:
Since this account only has 200 VMPX we need to select a smaller number for the Amount box. Or one of the percentage amounts below the number box can be selected. 25% was selected for this Sell:
If acceptable, select "Sell VMPX". Once this happens a signing window will pop up to sign for the transaction with your Libre account. This presentation was completed on a PC with the Anchor wallet installed.
Once the transaction is signed it will be instantly executed. Your LibreDEX UI and Libre wallet will update accordingly with less token AVAIL, and more Sats AVAIL. The Trade History is also now updated with that sale transaction.
If you would like to place a sell order but for a price higher than the listed Buy Prices, enter the amount of tokens you'd wish to sell and manually enter a price per token in sats that you'd like to sell for. In this example 50 VMPX tokens will be listed for sale at a price of 299 sats/token.
After "Sell VMPX" is clicked a pop-up will be seen like the earlier example to sign with your Libre account wallet.
Once signed the DEX UI will immediately update to now show in the Orderbook a 299 sat/VMPX price level with 50 tokens available for sale. Also the Open Orders section is now updated with the newly placed sell order or “offer”.
You can Cancel your sell order at any time by finding the offer in the Open Orders section of the UI and selecting “Cancel”. You will be prompted to sign for the transaction with your Libre account wallet. Once completed, the tokens will immediately be returned to your wallet as liquid tokens.
FIN
