How to Sell Tron (TRX)
To start, make sure you understand the impact of selling TRX.
Depending on when you started buying Tron, you may be selling TRX at a profit (or loss), which could impact your portfolio and have bigger implications for your finances.
TRX is a cryptocurrency, meaning it trades on a 24/7 market. So, depending on when you decide to sell TRX, buyers may offer higher or lower prices. That’s because the price of TRX rises and falls against other crypto assets (like BTC or XMR) as well as fiat currencies.
Additionally, be advised that if you’ve been staking TRX, there may be a waiting period for you to unlock your funds. (Note: By selling TRX, you’ll no longer be able to generate new TRX via your Kraken or other exchange account.)
Still not sure about selling? Read up on use cases for Tron in our ‘What is Tron? (TRX)’ guide. If you’re sure you want to sell TRX, follow the steps outlined below.
Why sell TRX?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some TRX!
New to crypto?
For more details on how TRX derives its value, read our official “What is Tron?” guide.
Why sell TRX?
We get it, sometimes buying Tron is just one part of a larger investment strategy. Depending on other available market opportunities (or your changing risk tolerance), you may need to update your portfolio allocations from time to time.
For example, you may want to sell TRX if you’re seeking to:
- Adjust your long-term crypto portfolio strategy
- Avoid losses in times of sudden price movements
- Capture gains from past TRX purchases
- Exchange TRX for another cryptocurrency or fiat currency
How to sell TRX on Kraken
If you’re ready to sell TRX, 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 TRX to Your Kraken Address
If you want to sell TRX for another cryptocurrency (like XLM or GNO), first you’ll need a deposit address in your Kraken account. Depositing TRX on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell TRX for a fiat currency (like USD or EUR), you’ll need to send us additional identification and proof-of-residence documents. Learn more about our different verification levels here.
Once your account has received funding, you can begin selling TRX and other cryptocurrencies on Kraken.
If you run into any trouble selling TRX, let us know. Our support staff is online 24/7 ready to help. You can reach us on LiveChat or by email anytime.
Start selling TRX
Still having trouble selling TRX? You can always let our support specialists assist you.
Changed your mind? There’s still time to buy more TRX on Kraken using our ‘How to Buy Tron’ guide.