How do I sell a token on a DEX? I sold, when will my money arrive?
On the Paribu DEX, you can sell a token in your DeFi wallet; its equivalent returns to your Paribu balance as a stablecoin. In a sale, the onchain transaction completes instantly, but it may take a few minutes for the amount to be reflected in your wallet at Paribu. During this process your transaction appears as a "pending transaction" and is not on hold.
Before you start
- The token you want to sell must be in your DeFi wallet
Sell a token
- In the Paribu app, open the relevant token's detail page from the Markets > DeFi area (or select it from your DeFi assets in Wallet)
- Tap the Sell button
- Enter the amount you want to sell; the screen shows the live price
- Check the transaction summary; you will see the notice "It may take a few minutes for the amount to be reflected in your Paribu account"
- Confirm the transaction with a passkey via Face ID / Touch ID
- You first see the "Onchain transaction complete" status, then the "Stablecoin is being reflected in your Paribu balance" status
I sold, when will my money arrive?
The sale completes in two steps:
| Step | Status |
|---|---|
| Onchain transaction | Completes as soon as the transaction is confirmed |
| Reflection in the Paribu balance | May take a few minutes |
During this process your amount is not lost; the transaction appears in the Pending Transactions list, and when it is reflected, its status becomes "Completed."
Info: A sale transaction cannot be "Cancelled"; the onchain transaction is already complete, you only need to wait for the amount to be reflected.
Important information
- The stablecoin obtained from the sale returns to your wallet at Paribu
- Reflection in the balance may take a few minutes; the transaction is not on hold
- If the transaction could not be completed, your tokens remain in your self-custody wallet in DeFi unchanged
- The upper limit per transaction is shown on the transaction screen
- Buy/sell transactions and order matching do not take place in the Paribu system, and Paribu has no authority to intervene in this environment. Your orders and requests are processed directly in the DEX smart contract
Frequently asked questions
I sold, but my money did not arrive in my account; is it lost?
No, your money is safe. The onchain transaction completed; it may take a few minutes for the stablecoin to be reflected in your wallet at Paribu. You can track the transaction in the Pending Transactions list.
Can I cancel the sale transaction?
No. The onchain transaction completes the moment you confirm it; it cannot be undone. The only thing you need to do is wait for the amount to be reflected in your balance.
As which asset is the money from the sale reflected?
It is reflected in your wallet at Paribu as USDT.
Related articles
- How do I buy a token on a DEX? — Steps for buying a token on a DEX and the confirmation process
- What are DEX provider fees, networks, and limits? — The DEX provider fee, supported networks, and transaction limit
- What is a blocked balance, and why does it occur? — What a blocked balance is and why it occurs
Author:
Paribu