How to Sell Ethereum Classic (ETC)
If you’re getting into Ethereum Classic (ETC) more for profit than passion, you’ll likely want to be set up to execute a sell order if and when the market requires.
Depending on when you bought Ethereum Classic, it’s important to note you may be able to sell at a gain or a loss. As ETC is a cryptocurrency, its value fluctuates against other crypto assets (like BTC and ETH) as well as government-backed currencies (like EUR and USD).
This guide will show you how to sell ETC for another cryptocurrency you’d like to own, or for money in the bank. If you’d like to jump right in and sell now, read the step by step guide below.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some ethereum classic!
New to crypto?
If you’re newer to crypto and looking to learn more before you buy or sell, be sure to check out our “What is Ethereum Classic?” guide for a more comprehensive deep dive.
Why Sell Ethereum Classic?
Depending on your portfolio and risk appetite, you may find it advantageous to sell Ethereum Classic, even if you’ll be buying it again later.
For example, selling Ethereum Classic at the end of a calendar year can have certain tax benefits, depending on how your portfolio has performed.
You may also want to sell ETC if you’re seeking to:
- Transfer your funds to fiat currency that you can send to your bank
- Avoid losses in times of market volatility
- Realize gains from previous purchases
- Time the overall crypto market for future gains
How to sell ethereum classic on Kraken
Looking to sell ethereum classic? Follow these four easy steps:
Sign up for a Kraken account
You just need an email address, username and a strong password.
Verify your Kraken account
All you need is your name, date of birth, country and phone number. If you own Ethereum Classic, you can deposit it right away and sell your crypto.
Send ETC to Your Kraken Address
If you want to sell Ethereum Classic for another cryptocurrency (like BTC or DASH), first generate a deposit address in your Kraken account and send your ETC to that address. Depositing crypto to Kraken is as simple as sending it to any cryptocurrency address.
If you want to sell Ethereum Classic for a fiat currency (e.g. USD or EUR) to send to your bank, you’ll need to provide more detailed ID and proof-of-residence documents. Learn more about the different verification levels.
Start selling ETC
Once your account is funded, you can sell ETC and other cryptocurrencies.
If you run into any trouble selling ethereum classic, let us know. Our support staff is online 24/7 ready to help. You can reach us on LiveChat or by email any time.
If you’re ready to take the next step and want to sell some ETC, click the button below!