> For the complete documentation index, see [llms.txt](https://bread-5.gitbook.io/bread/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://bread-5.gitbook.io/bread/for-traders/how-to-sell-token.md).

# How to sell a token

### When you can sell

* **Bonding curve phase** — you can sell anytime. 1% sell fee + 15% sell tax apply
* **Presale phase** — sells are **disabled** before migration
* **Post-graduation (Meteora)** — regular trading. Sell tax no longer applies

### Steps

**1. Open the trade modal**

On the token page → "Sell".

**2. Parameters**

* **Amount of tokens to sell** — how many tokens to sell (or % of balance)
* **Estimated SOL received** — the system shows net amount after all fees

**3. Review fees**

The trade modal explicitly shows:

* Sell amount (in tokens)
* 1% sell fee
* 15% sell tax → buyback and burn of the same token
* Slippage estimate
* Net SOL you receive

**4. Confirm**

Sign in your wallet → tx executes.

### What the 15% sell tax is

For a 10 SOL sell during the curve phase:

* 0.1 SOL → 1% sell fee
* 1.5 SOL → 15% sell tax → token buyback and burn
* 8.4 SOL → you

The sell tax is **not a punishment** for selling. It's a mechanic that routes part of the liquidity back into the token. If you sell big — you help the remaining holders, and you benefit yourself if you buy back later.

After migration to Meteora, sell tax no longer applies.

### Selling after graduation

After the token migrates to Meteora, sells work like any SPL token:

* Through the bread.hot UI (we route to Meteora)
* Through Jupiter (recommended for best price)
* Directly on the Meteora app

***


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