How to Sell Litecoin (LTC)
There comes a time in the lifecycle of any investment when it might be time to capture your gains (or cut your losses), and it’s no different when buying and selling LTC.
The good news is that if you’ve decided to sell your LTC, the Litecoin markets are some of the most liquid among available cryptocurrencies. This means that, depending on when you sell your LTC, you’re likely to find an available buyer on any exchange.
An exchange with a real-time order book (like Kraken) will give you real-time updates on what buyers and sellers believe to be a fair price for LTC.
Before you begin, however, make sure you understand the implications of selling your LTC. Depending on when you bought, you may be selling it at a profit (or loss), which could have implications for your next tax filing.
If you're ready to cash out now, follow our step-by-step guide on how to sell litecoin below.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some litecoin!
New to crypto?
For more details on how Litecoin works, read our official ‘What is Litecoin?’ guide.
Why Sell LTC?
Depending on your risk tolerance, you may from time to time find it advantageous to sell some or all of the LTC in your portfolio.
You may want to sell LTC if you’re seeking to:
- Sell your LTC for crypto or a fiat currency
- Capture gains (or avoid losses) in times of price volatility
- Realize gains from previous LTC purchases
How to sell LTC on Kraken?
If you’re sure you want to sell your LTC, follow these easy steps below:
Sign up for a Kraken account
You’ll need a username, email address and a strong password.
Verify your Kraken account
We require you to provide your name, birth date, country of residence and phone number. If you own LTC, you can deposit and sell it today.
Send LTC to Your Kraken Address
If you want to sell LTC for another cryptocurrency (like BTC or XRP), begin by generating a deposit address in your Kraken account and send your LTC to that new address. Depositing your crypto to Kraken is as easy as transferring it to any crypto address.
If you want to sell LTC for a fiat currency (e.g. USD or GBP), you’ll need to send our representatives your identification and proof-of-residence documents. You can learn more about Kraken’s different verification levels here.
Start selling LTC
Once the deposit clears, you’ll be able to sell your LTC.
If you run into any trouble selling your LTC, know our experts are here to help. Our support staff is online and at the ready 24/7, meaning you can always reach us on LiveChat or by email.
Ready to SELL? If so, take the next step and click the button below!