How to Sell Crypto Using Phantom Wallet

Objective

Guide to selling tokens held in Phantom Wallet by transferring them to an exchange that supports fiat withdrawals like PayPal.

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Steps

1. Open Phantom Wallet

   • Launch your Phantom Wallet extension (e.g., on Chrome).
   • Enter your password to log in.

2. Understand Phantom Wallet's Limits

   • Phantom Wallet does not provide a direct "Sell" button for tokens.
   • Tokens must be transferred to another platform to be sold for fiat currency.

3. Transfer Tokens to an Exchange

   • Go to the Send option in Phantom Wallet.
   • Choose the token you want to sell (e.g., Solana).
   • Enter the wallet address of an exchange that:
     • Supports your token (e.g., Solana)
     • Allows withdrawals to PayPal or similar payment methods
   • Input the amount you want to send.
   • Click Next and confirm the transfer.

4. Sell on the Exchange

   • Once the tokens arrive on the exchange, use its platform to sell the tokens for your desired fiat currency.
   • Withdraw the funds to PayPal (or your chosen service) from the exchange.

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Key Points

• Phantom Wallet itself cannot sell tokens for cash.
• Tokens must be sent to an exchange with fiat withdrawal options (e.g., PayPal).
• Always double-check recipient addresses and exchange legitimacy.

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