How to Sell Kyber Network (KNC)
No longer using Kyber Network’s decentralized exchange? If so, you may want to consider selling its cryptocurrency, KNC.
Whether you’ve long staked KNC to participate in Kyber’s governance process or want to cash out on your KNC gains, Kraken allows you to sell KNC directly for ether (ETH) and cash.
Our exchange also offers over 150 trading pairs, so depending on how you decide to sell KNC, you can gain exposure to a wide range of other assets.
If you’ve already decided now is the best time to execute a trade and sell KNC, follow the steps outlined below.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some KNC!
New to crypto?
For more details on how KNC derives its value, read our official “What is Kyber Network?” guide.
Why sell KNC?
Depending on your risk tolerance and investment allocations, you may find it advantageous to sell KNC for other cryptocurrencies or cash.
You might sell KNC if you want to:
- Adjust your long-term crypto strategy
- Avoid losses in times of sudden price movement
- Exchange KNC for other crypto or cash
- Reduce your portfolio’s exposure to decentralized exchange platforms.
How to sell KNC on Kraken
If you’re ready to go ahead and sell KNC, follow these simple steps below:
Sign up for a Kraken account.
You just need an email address, username and a strong password.
Verify your account.
All you need is your name, birth date, country of residence and a phone number.
Send KNC to your Kraken Address
If you want to sell KNC for another cryptocurrency (like ETH or BAT), first you’ll need to create a deposit address in your Kraken account. Depositing KNC on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell KNC for cash (like GBP or EUR), you’ll need to send us identification and proof-of-residence documents. Learn more about our different verification levels here.
Once your account has received funding, you can begin selling KNC and other cryptocurrencies on Kraken.
Start selling KNC
Not sure if you want to sell KNC? It’s OK to change your mind. If you have more technical questions, you can also reach us on LiveChat or by email 24/7/365.