Sell GMX (GMX)

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What is GMX?

GMX (GMX) is a decentralised exchange offering perpetual and spot trading. With multi-asset pools available to traders, liquidity providers earn fees from a range of trading features.

  • On-chain spot and perpetual DeFi trading to users directly from their wallet.
  • Liquidity providers receive fees from market making, asset rebalancing, trading fees and leverage trading.
  • GMX is the native token, which handles as a utility and governance of the GMX platform. Allowing holders to vote on exchange proposals.

With an aim to grow the DeFi sector, GMX encourages tool building and development within its ecosystem. Supported on both the Arbitrum and Avalanche networks, GMX claims to provide traders with low cost fees and minimised slippage.

How do I sell GMX?

Enter amount to sell
Enter the amount of GMX (or AUD equivalent) you would like to sell.
Confirm & sell
Click 'Sell' to confirm your GMX sale. Your sale will process within minutes.
That’s it!
You’ve sold GMX! To sell GMX, you must first own an amount of GMX. To buy or sell GMX register for a CoinSpot account here & verify in minutes.

Learn more about GMX

Why Should I Trade GMX with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell GMX no matter what your trading experience is. Unlike other international and Australian GMX exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy GMX with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade GMX how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your GMX?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your GMX for free.

Cold Storage

If you are holding GMX as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy GMX. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for GMX. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
GMX has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As GMX is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual GMX exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in GMX & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying GMX safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your GMX portfolio here.
Yes! With CoinSpot you can convert your GMX to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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