How to Sell Coins with Simplex in BitMart

How to Sell Coins with Simplex in BitMart

1. Visit BitMart.com, sign in to your BitMart account.

How to Sell Coins with Simplex in BitMart


2. After you sign into BitMart, click on your account and then click [Assets]
How to Sell Coins with Simplex in BitMart


3. On the Assets page, Click [Buy Sell]. And then click [Transfer].

How to Sell Coins with Simplex in BitMart
 

Here we are using USDT transfer as an example:

How to Sell Coins with Simplex in BitMart
 

4. Enter the amount of assets you want to transfer from your Spot account to the Buy Sell account. And then click [Transfer].

How to Sell Coins with Simplex in BitMart
 

5. After transferring assets to your Buy Sell account, go to Buy Sell page, click on [Sell]. Select the token and enter the amount you want to sell.

How to Sell Coins with Simplex in BitMart

  1. Choose Simplex as your way of payment and click on [Sell].

How to Sell Coins with Simplex in BitMart

7. Check the agreement box and click [Continue].

How to Sell Coins with Simplex in BitMart


8. If you don’t have a Simplex account yet, please create a new one following these steps. If you already have a Simplex account, you can skip this step through step 16 and go directly to step 17. 

9. Click Create a free banking account.

How to Sell Coins with Simplex in BitMart


10. Click [Create account].

How to Sell Coins with Simplex in BitMart


11. Enter your email, check the agreement boxes and click [Next]. And then go to your mailbox and finish the email verification process.

How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart

12. Enter your personal information, phone number, address; create your password and then upload your identifying documents.
How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart

13. Click [Get secure link]. Scan the QR code with your phone. Click [Submit verification].
How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart
 How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart

14. Choose your employment status, sources of income activity, purpose of Simplex banking account, and answer all questions needed. Click [Continue] after you finish the questionnaire. The pictures below are for demonstration purposes only and you shall complete the questionnaire in accordance with your actual situation.  

How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart How to Sell Coins with Simplex in BitMart

15. Once the Simplex team has reviewed your application, check your mailbox and submit the responses to some follow-up compliance questions (if there’s any) to finish the initial verification process.

How to Sell Coins with Simplex in BitMartHow to Sell Coins with Simplex in BitMart

 16. Once your Simplex account is ready to use, go to the Simplex website and log into your new account. Please note that with your Simplex Banking account opened, any and all your future buy and sell orders with Simplex are entitled to a fee of 0.5%.  

How to Sell Coins with Simplex in BitMartHow to Sell Coins with Simplex in BitMartHow to Sell Coins with Simplex in BitMart


17. And then go to BitMart Buy Sell page. Click [Sell]. Use USDT for an example - enter the amount of USDT you want to sell.

How to Sell Coins with Simplex in BitMart
How to Sell Coins with Simplex in BitMart

18. Choose Simplex as your way of payment and click on [Sell].

How to Sell Coins with Simplex in BitMart

19. Check the agreement box and click [Continue].

How to Sell Coins with Simplex in BitMart


20. Select/Enter your Simplex account and verify your email. 

How to Sell Coins with Simplex in BitMartHow to Sell Coins with Simplex in BitMartHow to Sell Coins with Simplex in BitMart

  1. After the email verification, you will receive a confirmation email from Simplex and can continue to transfer funds.

How to Sell Coins with Simplex in BitMart
How to Sell Coins with Simplex in BitMart


22. Please note that once you confirm the sell arrangement with Simplex, the corresponding amount of cryptocurrencies in your Buy Sell wallet will be automatically transferred to Simplex.  You do NOT need to arrange any deposits manually.  Simplex will send out emails confirming the status of the sell arrangement as listed below. 

How to Sell Coins with Simplex in BitMart
How to Sell Coins with Simplex in BitMart
How to Sell Coins with Simplex in BitMart

23. In parallel, you may check your transaction status in the Sell History section on BitMart website. It may take a while for the status to change from Processing to Suceeded, which confirms that the cryptocurrencies are sent to Simplex.  

How to Sell Coins with Simplex in BitMartHow to Sell Coins with Simplex in BitMart


24. When you see the balance of your Simplex Banking account updated, it means the Sell is completed and now you have the Fiat in your Simplex Banking account. While you can keep it in the account to facilitate your future crypto Buy and Sell, you can initiate a wire transfer to send the funds to your own bank account.  Standard wire transfer fees will apply.  Below steps are for wire transfer arrangements: 

How to Sell Coins with Simplex in BitMart

25. Click on [International (SWIFT)] and fill out the following information needed.

How to Sell Coins with Simplex in BitMart

26. Enter the amount you want to wire and click [Continue].

How to Sell Coins with Simplex in BitMart


27. Enter the 6-digit verification code you receive on your phone to confirm your payment. And then click on [Continue].

How to Sell Coins with Simplex in BitMart


28. And then you will see this confirmation page of your wire payment.

How to Sell Coins with Simplex in BitMart


29. Now you are all set and you can wait till the funds arrive in your own bank account. 
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Source: How to Sell Coins with Simplex in BitMart - https://bitmartclub.com/how-to-sell-coins-with-simplex-in-bitmart-053818
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