Yesterday many people just received the PFVS airdrop and hurried to sell, but the money received was less than the transaction fees, and they were left with single digits, working hard for nothing. This is actually because you directly clicked 'Instant Sell' and got trapped by 'slippage' and high transaction fees! Below I will teach you how to operate and lose less money!

Why do you lose money as soon as you sell?

  1. Slippage:
    When you click 'Instant Sell', the system will prioritize swapping your coins, but if there are few buyers, the price will drop, and the difference in price during this process is slippage.

  2. Transaction Fee:
    Instant sell is 'eating the order', and the transaction fee is already high.
    Limit sell is 'placing an order', and the transaction fee is much lower.

For example:
It's like when you go to the market to sell apples, shouting 'I’ll sell them all together', but you end up having to sell them cheap to those who are willing to buy, and you also have to pay extra booth fees.

Why is it particularly obvious on the ETH chain?

  • On-chain network fees (Gas) are expensive; just transferring coins can cost several dollars or even tens of dollars. Other chains like BSC and SOL have much lower fees.

  • Instant sell network fees are all counted against you.

Remember one thing:

Don't click 'Instant Order'! Use 'Limit Sell'!

You set the price yourself and wait for buyers, the transaction fee is negligible.

The operation is also very simple:

  1. Open Binance, find your airdrop coins.

  2. Click 'Trade', switch to 'Sell'.

  3. Select 'Limit Price', fill in the price you want to sell.

  4. Select the quantity, then just click 'Sell'.

Orders will be listed on the market; if someone buys, the transaction goes through; if no one buys, you wait or lower the price a bit.

Frequently Asked Questions

  • How long do you have to wait?
    If the price is right, it will sell quickly; if you're in a hurry, lower the price.

  • Will I lose money if it doesn't sell?
    No, the coins are still in your wallet.

  • What if I accidentally select instant?
    Instant means a direct transaction; remember to use limit next time.