How to Trade MINDS token for Etherium on an Exchange. [And WITHDRAW]

If you find other exchanges that allow trading MINDS token please comment bellow and I will add them to this post.

 There is a way now to buy/sell MINDS on an exchange and withdraw to Coinbase or another wallet, thank you to @MindsGaming for teaching me this!

Follow me on Minds or Steemit/Busy/Dlive/SteepShot

Minds is a social network that rewards users with the MIND token.

How to sell MINDS tokens in exchange for Ether.  

Do you want to sell or trade some of your MINDS tokens? 

MINDS token is now available to trade on the MindsGaming Token Outlet (MGTO), an exchange based on ForkDelta, created by Minds member @MindsGaming.

Its seamlessly compatible with MetaMask.

[Edit: Alternatively you can trade on EtherDelta. If you know of others please comment and I will add here.]

Here is the step by step guide:

First transfer your MIND tokens to Token Outlet so you can trade.

Click on 'Deposit' in the Upper left

Select the Deposit section in the upper left of the ForkDelta window.  Fill in the amount of MINDS you want to transfer and click the 'Deposit' button.

Use default amount of Gas, click 'Confirm'

In MetaMask, keep the default Gas fee and click the 'Confirm' button.

You will get a confirmation/tracking link.


After a while the amount will appear in MGTO

Now you have some MINDS tokens on the MindsGaming Token Outlet platform and you are able to sell.

Step 2: Selling MINDS tokens.

Here is how to put in a Sell order:

Select Sell (right hand) in the order window of  MGTO

Fill in the amount you want to sell and the selling price for each token in ETH.  The total will be filled in for you automatically, click the 'Sell' button.

A MetaMask window will open asking you to Sing.

In the MetaMask window click the 'Sign' button.

After a while your Sell order appears in the Order Book

After a short wait, MGTO will refresh itself, and your Sell order will now appear in the Order Book!

How to place a Buy Order to buy MINDS token.

You can by tokens by placing a buy order.  First you will need to transfer some Ether to Token Outlet.

Transfer ETH to MGTO, click 'Deposit'

In the Balance section, upper left, select Deposit and enter the amount of Ether you would like to transfer to MindGaming Token Outlet. 

Confirm in MetaMask leave Gas as default

Click 'Deposit' and confirm in MetaMask (leave the default gas fee).

Select Buy in the right side of the New Order window.

After a while your Ether will have transferred and will now show in your Balance window as being in ForkDelta. 

In the New Order window select Buy on the right, then enter the amount of MIND tokens you wish to purchase.  

Price:Put the price, in Ether, for each token (total will fill in for you).

If you want the order to execute fast - Match one of the sell orders that you see in the order book.

If you are not in a hurry and want to get a good deal - You can put in a lower price Buy order and wait to see if anyone matches it in the future.

We now have a market in MINDS tokens!

After a while your buy orders will show up in the order book and we now have a market for MINDS token!  We need more people to participate to make it a deeper, healthier market with more volume.

How to withdraw MINDS tokens or Ether to MetaMask.

Select the 'Withdraw' window in the middle of the 'Balance' section.

Select the amount of MINDS to withdraw to your MetaMask wallet (back to MINDS).

Select how many MINDS tokens or Ether you want to transfer back to your MetaMask Wallet and click the corresponding 'Withdraw' button.

How to withdraw Ether to Coinbase or another wallet.

Select the 'Transfer' section in the right of the Balance window.

Enter the ammount of ETH you want to transfer, and your  Coinbase wallet address.

Select the amount of Ether you wish to withdraw and enter your Coinbase ETH wallet adress (or another wallet) in the Wallet field, click the 'Tranfer' button.

You will be prompter to confirm or change your gas fee in MetaMask, click Confirm.After a while the funds will show up in Coinbase!

Things to keep in MIND.

This is very new and the volume is low.  We need participants and market makers to build this into a healthy market.  It's important to participate and spread the word.

Some Ether is required for gas fee to transfer into the exchanges (or transfer back into your wallet).

No ether gas fee is required to trade but you do need gas to CANCEL an order so be careful and make sure your order is right.  

Also, if you leave it for a while, the orders will **expire on their own** if not filled.In some countries it is difficult to buy Ether/Bitcoin, try [Paxful](https://paxful.com/), or [Local Bitcoins](https://localbitcoins.com/).  If you are not able to buy using those leave a comment I may be able to help.

Thats it!

Try out the exchanges and spread the word so we can have some deeper markets

Check out the discussion on the Minds version of this article - How to trade MINDS tokens for ETH on an exchange.

If this helped you please up vote and share. 

Steemit/Busy/Dlive/Steepshot - @origin-al