How to Sell Tezos (XTZ)
No longer interested in helping power the Tezos blockchain? It might be time to sell XTZ.
Fortunately, an exchange like Kraken with a real-time order book can offer you the ability to sell XTZ even if you’re not already staking on our exchange.
That’s because, in addition to offering an XTZ staking service, our exchange lists a variety of XTZ trading pairs, all supported by our global liquidity. So, if and when you decide to sell XTZ, you can sell it for U.S dollars or Bitcoin, depending on what’s most advantageous.
Remember, this isn’t a decision you should take lightly. You may be selling XTZ at a profit (or loss), which could impact your portfolio and have bigger implications for your finances.
Once you decide to sell XTZ, 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 XTZ!
New to crypto?
For more details on how XTZ derives its value, read our official “What is Tezos?” guide.
Why sell XTZ?
Depending on your risk tolerance and investment allocations, you may also find it advantageous to sell XTZ for other cryptocurrencies or cash.
You might sell XTZ if you want to:
- Adjust your long-term crypto strategy
- Avoid losses in times of sudden price movement
- Capture gains from past XTZ purchases
- Exchange XTZ for other crypto or cash
- Stop staking XTZ and move that money into another asset.
How to sell XTZ on Kraken
If you’re ready to go ahead and sell XTZ, 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 XTZ to your Kraken Address
If you want to sell XTZ for another cryptocurrency (like XMR or XLM), first you’ll need to create a deposit address in your Kraken account. Depositing XTZ on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell XTZ 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 XTZ and other cryptocurrencies on Kraken.
Start selling XTZ
Not sure if you want to sell XTZ? 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.