How do I sell a token on a DEX? I sold, when will my money arrive?

You can sell a token in your DeFi wallet through the DEX; the proceeds return to your Paribu balance as USDT. After the transaction is approved with your passkey, the amount usually takes a few minutes to be reflected in your balance. During this period your transaction appears as pending; it is not stuck.

How is a token sold on a DEX?

Tap the token either in the DeFi chip of the Crypto tab on the Markets screen or in your DeFi assets on the Wallet tab, and start the sell action from its detail screen. Enter the amount you want to sell, tap the Sell {token} button, check the order summary, and sign with your passkey using Confirm Transaction.

Before you start

• The token you want to sell must be in your DeFi wallet

Sell a token

1. Tap the token in the DeFi chip of the Crypto tab on the Markets screen or in your DeFi assets on the Wallet tab
2. Start the sell action
3. Enter the amount you want to sell — you can tap the Max button to sell your entire balance
4. The estimated USDT amount you will receive is shown at the live price; the price quote refreshes at intervals
5. Tap the Sell {token} button
6. Check the Unit Price, Minimum Received, Network, and Estimated Completion Time rows on the Sell Order Summary screen
7. Tap Confirm Transaction and sign the transaction with your passkey on the verification screen your device opens

Note: If the price quote expires, the message "Quote has expired. Go back to get an updated price." appears. You can go back, get a new price, and continue with the transaction

I sold, when will my money arrive?

When you confirm the transaction, the Transaction completed screen appears and the status is shown as Pending. The estimated completion time on the same screen is usually ~1-2 minutes. The transaction stays pending until the amount is reflected in your balance.

You can follow the status of the transaction in the Pending tab of the Transactions screen. Once the amount is reflected, the transaction moves to the Completed tab and its status appears as completed.

Note: An approved sale cannot be canceled. The transaction on the blockchain cannot be reversed; all you need to do is wait for the amount to be reflected in your balance

While a sale is pending, the amount allocated for the sold token appears in the Transfers row of your blocked balance. For details, see the What is blocked balance and why does it occur? article.

Important information

• The proceeds of the sale are reflected in your Paribu balance as USDT
• Reflection in your balance can take a few minutes; the transaction is not stuck during this time
• If the transaction cannot be completed, your tokens remain in your self-custody wallet
• There is a minimum and maximum amount per transaction; a warning appears on the screen when you enter an amount outside these limits
• A token can only be sold on the network where it was bought
• Trading transactions and order matching do not take place in the Paribu system; Paribu has no authority to intervene in this environment. Your orders are processed directly in the DEX smart contract

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Frequently asked questions

I sold but my money has not arrived, is it lost?

No, your amount is safe. The transaction on the blockchain is complete; the reflection of the USDT in your Paribu balance can take a few minutes. You can follow the transaction in the Pending tab of the Transactions screen.

Can I cancel the sale?

No. The transaction on the blockchain takes place the moment you confirm it and cannot be reversed. You only need to wait for the amount to be reflected in your balance.

Which asset does the sale return as?

It is reflected in your Paribu balance as USDT.

I cannot sell my entire token balance, why?

Some tokens cannot be sold in full because of restrictions in their contracts. In such cases the token's security review states that holders may not be able to sell their full balance. You can check the security review on the token detail.

Does a price impact warning also appear when selling?

Yes. Price impact is calculated for both buy and sell transactions; a warning is shown when it is high, and the transaction is blocked when it is very high.

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Related articles

• How do I buy a token on a DEX? — Buying a token on a DEX and the confirmation process
• What are DEX provider fees, networks, and the transaction limit? — DEX fees, supported networks, and the transaction limit
• What are slippage (price slippage) and price impact? — Slippage and price impact
• What is blocked balance and why does it occur? — What blocked balance is and why it occurs