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Memo Cash: A Trade

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⚠️ A word of advice!

Even when the process is quite easy that doesn't mean you're going to sell any token right away! Like any product or service, a token must create a demand. So if demand doesn't exist (most likely because the token creator didn't put it to any use -a.k.a shitcoin) you are going to find yourself with a lot of tokens and no money at all.


Hi there Adepts! Questions have been pouring out recently on how to use memo.cash to trade the numerous SLP tokens showing these days for Bitcoin Cash. We will walk you through an easy process (in our opinion) but worry not, screenshots are coming to aid us -and hopefully you will finally get it.

Previous to trade:

Let's cut the crap in this tutorial, head to https://memo.cash/ and sign up if you haven't. Even a child knows how to sign up to a website so you don't need step by step screenshots for this.

Next let's fund your account with some Bitcoin Cash. Yes this is absolutely necessary, you need BCH to execute different actions. Luckily you don't need much. 0.15$ in BCH will suffice.

Head to your account details, as the picture below shows, and copy your bitcoincash: address or legacy address (1EvArxPUt...HvJG), depending on compatibility from where you are going to transfer your funds.

💡 If you have no BCH at all, check related post on bottom.

Press your balance to see your account details. You can also choose "Account" from the menu.

Send enough BCH to the given address, or you won't be able to do anything.

Once funded your address, you also need to deposit the tokens you want to trade. Use the simpleledger: address to this means.

Get some info about the market:

In your account details scroll down until you see the tokens you have transferred/stored there.

Choose the token you want to work with.

Now press the token of your choosing and in the next screen click «For Sale»

Under "For Sale" you have a list of active orders, giving you an idea on the price at which is valued your token right now.

Now press «Feed» and choose "Sales". The sales completed shows, giving you a better idea on the actual trading price over time.

Listing your tokens:

When you are done analyzing, choose: For Sale --> Sell Tokens

Don't be fool here. Don't try to sell too high or you're putting your money to waste; use common sense. If you hope your token might be valued higher later, then hold to that moment.

Select the token, the amount you want to sell and the price per each token.

Now simply fill the details. Price is given in satoshis. Exchange takes 1.5% fees.

Check everything is correct and press «List». Thats all! You will be notified when someone buy your token.

Follow Us in ↗️ Memo. If you found this useful don't forget to Like and Subscribe.

Monolith, signing off.


Related

📝 How to Get your first BCH satoshis – Learn how you can get your first Bitcoin Cash satoshis for free.

↗️ Surf all our posts here.

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Comments

Finally someone explains how Memo works! Good combination between #Memo #Lith and #BCH

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3 months ago

Glad to help everyone we can out there. Is a harsh world for many, and knowledge is power.

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3 months ago

Good article but new user don't use The plataform.. Ver y recomended #lith #memo.cash #read.cash

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3 months ago

Good tutorial, i have some token in memo cash and its is helpful to make some profit for me, good job

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4 months ago

Glad you can put our words to some use. Every feedback is always appreciated. We always want to hear from our users.

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4 months ago

Muy buen artículo se entiende muy bien la información suministrada

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3 months ago

Gracias por tu comentario. Esperamos que disfrutes la plataforma tanto como nosotros y los artículos que vamos publicando.

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3 months ago

Alright! This should make a good market for those who want LITH by buying it. 1 $LITH for 5000 sats?

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4 months ago

Correct, is the minimum guaranteed price,meaning that at 5000 sats every order will be executed in short term no matter what. From 5000 up regular trading apply, meaning market itself will provide for better prices as we gain popularity and more usage.

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4 months ago

Thank you for this information. This is Verrrrry good post I hope for more of this. Good job done. Good luck

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4 months ago

Muchas gracias por la informacion es muy util enen este, nuevo comienzo del proyecto.

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4 months ago

This information is very useful for the holders of the SLP tokens. A token has no value if it cannot be traded for another coin or USD. Thank you @monolith.

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4 months ago

Thank you for this articule man ! It gives me a lot of informations about cryptocurrency, btw its such a godd guideline Waiting for new posts

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4 months ago

Thanks for the tutorial, one is missing that teaches how to withdraw the different tokens and coins from the bot they use in telegram, good work guys.

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4 months ago

We hear you. Although not directly related, we would consider further explain on that if more users have doubts about it.

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4 months ago

Thanks

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4 months ago

This article is very useful and adding value, especially for the knowledge of how to sell SLP tokens.

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3 months ago

This is nice explanation form your site about hiw to use memo . I find this helpful to me

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3 months ago

thanks for this its pretty easy for anyone to understand... I sure am gonna try it out

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3 months ago