How to sell ELMO with Bitget Wallet

  1. Download and open the Bitget Wallet app, and ensure your account holds bnb ELMO tokens.
  2. Swap bnb ELMO tokens for USDT or USDC on Ethereum, Solana, BNB Chain, Base, or the TRON network.
    1. 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., ELMO on the bnb chain), and enter the amount.
    2. 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.
    3. 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).
    4. 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.
    5. 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.
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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).

FAQ

Frequently Asked Questions

Gas fees vary depending on network activity. During periods of heavy blockchain usage, transaction costs are generally higher.

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.

High price impact usually occurs when trading large amounts or when the token has limited liquidity across available trading pools.

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.

Depending on available liquidity, you can swap ELMO for USDT, USDC, ETH, BNB, SOL, or other supported cryptocurrencies.

Yes. You can swap ELMO into supported stablecoins such as USDT or USDC across multiple blockchain networks.

For many blockchain networks, the first swap requires a token approval transaction, which authorizes the smart contract to access your tokens.

No. A swap generally requires sufficient liquidity to execute the transaction. If there is insufficient liquidity for ELMO, you may need to reduce the transaction amount, wait for liquidity to improve, or select another available trading route.

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. Splitting a large transaction into several smaller swaps or trading during periods of higher liquidity may reduce price impact.