How to Sell ADA (Cardano)
Thinking about selling some ADA? First, make sure you understand the implications of selling ADA. Depending on when you first started buying, you may be selling at a profit (or loss), which could impact your portfolio.
As ADA is a cryptocurrency, it trades on an open market, meaning that depending on when you sell, buyers may offer more favorable prices. Remember, the value of your ADA will rise and fall against other cryptocurrencies (like BTC or LTC) as well as fiat currencies (like USD and EUR).
An exchange with a real-time order book (like Kraken) will give you to-the-minute updates on what buyers and sellers are thinking about the current ADA price.
For more details on how ADA derives its value, check out our official ‘What is Cardano?’ guide. If you’re sure you’re ready to sell ADA, click below or read on for a thorough step-by-step guide.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some ADA!
New to crypto?
For more details on how ADA derives its value, read our official “What is ADA?” guide.
Why sell ADA?
Depending on your risk tolerance and investment allocations, you may find it advantageous to sell ADA for other cryptocurrencies or fiat.
You may want to sell ADA if you’re looking to:
- Capture gains from past ADA purchases
- Diversify your long-term investment strategy
- Exchange ADA for another cryptocurrency
- Sell ADA crypto for fiat currency (like USD or EUR)
How to sell ADA on Kraken
If you’re ready to sell ADA, follow these simple steps below:
Sign up for a Kraken account.
You just need to create an email address, username and a strong password.
Verify your Kraken account.
Provide your name, birth date, country of residence and phone number.
Send ADA to your Kraken Address
If you want to sell ADA for another cryptocurrency (like BTC or XRP), first you’ll need a deposit address in your Kraken account. Depositing ADA on Kraken is as easy as transferring it to any cryptocurrency wallet address.
If instead you want to sell ADA for a more traditional currency (like GBP or EUR), you’ll need to send us additional identification and proof-of-residence documents. Learn more about our different verification levels here.
After the funds are successfully received by your account, you can begin selling ADA on Kraken. (Note: As mentioned, ADA is a token on Ethereum, so it may take some time for transactions to confirm. This is due to the decentralized nature of the Ethereum blockchain and is outside of Kraken’s control).
Start selling ADA
Still having trouble selling ADA? You can always let our support specialists help. Don’t hesitate to reach us on LiveChat or by email. We’re available to help 24/7.