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How To Trade ICO Tokens Before They Are Listed On Exchanges

One problem facing many ICO investors is that there is nowhere to trade their ICO tokens before they are listed on an exchange. Given that there's so many ICOs and so many ICO tokens, it's quite possible that our ICO tokens will never get listed on a big exchange such as Binance, CoinBase, Kraken or Bitfinex.

But what should I do with my ICO tokens before they get listed by any exchange? Is there a way to trade them right now?

Actually, the answer is yes. In this article, I will show you how to trade any ERC20 ICO tokens without relying on a big exchange listing them.

The way to solve this problem is by using a decentralized exchange (or DEX in short). Unlike centralized exchanges (such as CoinBase and Binance), a decentralized exchange doesn't require users to deposit funds to the exchange, making trading much safer than with centralized exchanges. Also, at a DEX, the trading is done by smart contracts, which is just a piece of open-source software, which can handle trading of many different types of tokens.

Most ICO tokens are Ethereum based ERC20 tokens. And many decentralized exchanges are specialized in ERC20 token trading. One DEX we recommend is called LedgerDex, which is a decentralized exchange based on the well-known 0x protocol.

At LedgerDex, users can add any ERC20 tokens as they like. Once a new token has been added, after some initial configuration (such as ETH wrapping and adding token allowance), you can start creating buy or sell orders for that token. Your order then can be found by other users on the exchange platform. If another user found your order and decide to trade with you, you will be able to trade that token with another person.

To get started, you need to visit LedgerDex's website at https://www.ledgerdex.com and then click on "Open App" button to visit LedgerDex's app. You need to have an Ethereum account and use a web browser with the MetaMask extension installed. With that ready, you don't even need to register a new account. Just use MetaMask to log in and you can start using it!

After initial log in, you can add the token you want to trade to the "My Tokens" list. After that, you need to do some configuration such as wrapping ETH to WETH and adding the allowance for your token. After that, you can start creating orders to buy or sell your tokens.

One thing you need to keep in mind is that: although this site allows you add and trade any ERC20 tokens, it doesn't guarantee you can find another user to trade with you. If your token is not that popular, it could be quite hard. In this case, you might want to let other people who are also interested in trading the same token know that you want to trade that token at LedgerDex. When enough people are there, you will have a better chance to get your trading done.

Give it a try today: https://www.ledgerdex.com