How to Place a Sell Order

This is a guide to selling Crypto Assets (BTC, ETH, BCH, LTC, AAVE, LINK, MATIC, UNI, PAXG*) on the Paxos platform. Please note, this page serves as a How To document and does not constitute a recommendation on placing such orders. 

* To purchase or redeem PAXG tokens at spot gold retail prices, please refer to the How to Buy/Sell(Redeem) PAX Gold guide.

1. In your Paxos Wallet, select Trade for the crypto asset you wish to sell.
   This will direct you to the itBit exchange where you will be able to specify the details of your sell order.
   
   
2. On the itBit exchange, draw your attention to the section for sell orders.
   
   
   1. Select your order type.
      Paxos supports three order types for sell orders: Market, Limit and Post Only. Please refer to the help center article on Order Types Supported for Trading for more information on these. Once you have selected an order type, please follow the appropriate next steps.
      
      
   2. For a Market Order
      
      
      
      1. Enter the amount of the crypto asset you wish to sell. You may also use the buttons to auto select this amount to be 25%, 50%, 75% or MAX (100%) of your available balance.
      2. Review the estimated proceeds from your sell order. This is based on the current market price.
      3. Click on Place Sell Order to confirm your trade. Your order will execute immediately, and you will be able to find the completed trade in the Recent Fills section.
      4. The proceeds from your sale will immediately reflect in the US Dollar balance of your Paxos Wallet.
         
         
3. For a Limit Order
   
   1. Enter the price at which you wish to sell your crypto asset in the Limit Price field.
   2. Enter the amount of the crypto asset you wish to sell. You may also use the buttons to auto select this amount to be 25%, 50%, 75% or MAX (100%) of your available balance.
   3. Review the estimated proceeds from your sell order. This is based on your selected limit price.
   4. Click on Place Sell Order to confirm your trade.
   5. If executed, the proceeds from your sale will reflect in the US Dollar balance of your Paxos Wallet.
      Note: There is no assurance of execution. Your order will execute immediately if it matches up with an existing offsetting order(s) on the order book, or it will rest on the order book until a matching offer becomes available. Limit orders are good-til-cancelled. Unfilled orders can be found in the Open Orders section, which is where you can also cancel these.
      
      
4. For a Post Only Order
   
   
   1. Enter the price at which you wish to sell your crypto asset in the Limit Price field.
   2. Enter the amount of the crypto asset you wish to sell. You may also use the buttons to auto select this amount to be 25%, 50%, 75% or MAX (100%) of your available balance.
   3. Review the estimated proceeds from your sell order. This is based on your selected limit price. 
   4. Click on Place Sell Order to confirm your trade.
   5. If executed, the proceeds from your sale will reflect in the US Dollar balance of your Paxos Wallet.
      Note: There is no assurance of confirmation or execution. Your order will only post to the order book if it does not lock or cross with an existing offsetting order. If a post-only order is placed at a price level that would lock or cross with an existing offsetting order, the order will immediately autocancel instead of posting. 

Further Resources

• Please refer to our help center article on Maximum Order Size per Trade for details on transaction size limits.
• For more information on fees, please refer our help center article on Trading Fee Structure.