How to Sell LSK (Lisk)
No longer using Lisk dapps or services? If so, you may want to consider selling LSK.
Fortunately, an exchange like Kraken with a real-time order book can offer you the ability to sell LSK for a variety of other assets, including those powering other platforms for decentralized applications (dapps) like Ethereum (ETH), Tezos (XTZ) and EOSIO (EOS).
Before you sell, however, remember LSK is a cryptocurrency, meaning it trades against these assets on an open market. So, depending on when you decide to sell LSK, buyers may be willing to offer higher or lower prices.
If you’ve already decided now is the best time to execute a trade and sell LSK, 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 LSK!
New to crypto?
For more details on how LSK derives its value, read our official “What is Lisk?” guide.
Why sell LSK?
Depending on your risk tolerance and investment allocations, you may find it advantageous to sell LSK for other cryptocurrencies or fiat.
You might sell LSK if you want to:
- Adjust your long-term crypto strategy
- Avoid losses in times of sudden price movement
- Capture gains from past LSK purchases
- Exchange LSK for other crypto or fiat currencies
- Shift your exposure to other dapp-focused crypto assets
How to sell LSK on Kraken
If you’re ready to go ahead and sell LSK, follow these simple steps below:
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, birth date, country of residence and a phone number.
Send LINK to your Kraken Address
If you want to sell LSK for another cryptocurrency (like BTC or BAT), first you’ll need to create a deposit address in your Kraken account. Depositing LSK on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell LSK for a fiat currency (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 LSK and other cryptocurrencies on Kraken.
Start selling LSK
Not sure if you want to sell LSK? It’s OK to change your mind. Having trouble selling LSK? Let us know. You can reach us on LiveChat or by email 24/7/365.