> For the complete documentation index, see [llms.txt](https://guide.pawnfi.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://guide.pawnfi.com/sell-nft/how-to-flash-trade-nft-sell.md).

# How to flash trade NFT (Sell)

In Pawnfi, user can exchange NFT for P-Token instantly. The exchange rate is always set as 1,000 P-Token/ per NFT.

Please see [this doc](https://docs.pawnfi.com/getting-started/understanding-pawnfi/pawnfi-modules/p-token) for more information on P-Token.

### 1. Sell -> Flash Trade

<figure><img src="https://138288126-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FF2CRYJFHo6rjXoSRqSAS%2Fuploads%2FbmUh1DjDfQxVaqAvGS6O%2Fimage.png?alt=media&amp;token=cd3e16f6-5e32-4f18-9ca3-6e117ff22fb2" alt=""><figcaption></figcaption></figure>

### 2. Select NFT

1\. Select collection

<figure><img src="https://138288126-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FF2CRYJFHo6rjXoSRqSAS%2Fuploads%2FenGgLbOJxCwadwKzSIJy%2Fimage.png?alt=media&amp;token=fc270429-57c3-488b-887b-65f2b566cda4" alt=""><figcaption></figcaption></figure>

2\. Select NFT

<figure><img src="https://138288126-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FF2CRYJFHo6rjXoSRqSAS%2Fuploads%2FaoTjXWQeCpmRCkH1aFZC%2Fimage.png?alt=media&amp;token=979a987f-8a2c-4bed-afba-d58c77c5ecc6" alt=""><figcaption></figcaption></figure>

3\. Confirm amount

<figure><img src="https://138288126-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FF2CRYJFHo6rjXoSRqSAS%2Fuploads%2FyMNia7cr1kea3y9IqUww%2Fimage.png?alt=media&amp;token=2fb97305-10ff-4d8c-973f-4c1cf7ea45f4" alt=""><figcaption></figcaption></figure>

{% hint style="info" %}
There will be NO service fee while exchanging NFT for P-Token.
{% endhint %}

### 3. Approve -> Submit transaction

For the first flash trade among each collection, you will need to approve first. After approval, you can initiate on-chain transaction. Once confirmed, Flash Trade is completed.