How to sell UTILITY with Bitget Wallet
- Download and open the Bitget Wallet app, and ensure your account holds sol UTILITY tokens.
- Swap sol UTILITY tokens for USDT or USDC on Ethereum, Solana, BNB Chain, Base, or the TRON network.
- Select the token to sell: Open the [Trade] page, navigate to the [Cross-Chain Swap] section, select the token you wish to sell along with its network (e.g., UTILITY on the sol chain), and enter the amount.
- Select the token to buy: Choosing a token on the same chain (e.g., USDT or USDC on Ethereum, Solana, BNB Chain, Base, or Tron) constitutes a same-chain trade, whereas choosing a token on a different chain constitutes a cross-chain trade. Gas fees for cross-chain trades are typically higher than those for same-chain trades.
- Review trade details: The system will display the amount of the target token you can receive based on real-time prices. You can view the current slippage and price impact (factors that affect the final amount of tokens received) and check or modify the destination address (defaulting to your current wallet address).
- Set appropriate slippage: When the price of a token is very volatile or the pool has low liquidity, setting a low slippage tolerance may cause the transaction to fail. We recommend using Bitget Wallet's Smart slippage to ensure smooth transactions.
- Confirm Gas fees: Click [Confirm] to view the estimated Gas fee for the transaction. If your balance is insufficient, follow the on-screen instructions to deposit the necessary native network coin to cover the fee.
- howToSell_contentSubstep6
What are common reasons for a failed transaction?
1. Gas fee is insufficient or set too low, so validators don't process it. 2. Insufficient wallet balance. 3. Network congestion, causing long processing delays.
What should I do when a transaction fails?
Insufficient gas: Top up native tokens, increase the gas fee, or use Bitget Wallet's GetGas service. Insufficient balance: Add funds and resend. Network congestion: Increase the gas fee for higher priority, or wait and try again. For more issues, contact customer support and provide the transaction hash (viewable on a block explorer).
Frequently Asked Questions
A same-chain swap exchanges tokens within the same blockchain, while a cross-chain swap transfers value between different blockchains. Cross-chain swaps usually involve additional routing and therefore may require higher Gas fees.
Slippage is the difference between the quoted price and the final execution price. It occurs because token prices may change while the blockchain processes your transaction.
The easiest method is to use Bitget Wallet's Cross-Chain Swap feature. It lets you exchange UTILITY directly into supported cryptocurrencies without transferring assets to a centralized exchange.
The final amount may differ because of price fluctuations, slippage, liquidity changes, and network execution during the transaction process.
Price impact measures how much your trade affects the market price. Larger trades or tokens with lower liquidity typically experience higher price impact.
A swap may fail due to insufficient Gas fees, low liquidity, rapid price changes, network congestion, or a slippage tolerance that is set too low.
Yes. However, higher price volatility may require a higher slippage tolerance and could result in larger price differences between the quoted and executed prices.
Bitget Wallet recommends using Smart Slippage, which automatically adjusts the slippage tolerance based on current market conditions to improve the likelihood of a successful transaction.
The final amount can be affected by the current market price of UTILITY, liquidity, price impact, slippage, and applicable network or swap fees. The estimated amount may also change before the transaction is confirmed.
By default, the received tokens are sent to your current Bitget Wallet address. You can also change the receiving address before confirming the transaction.
