How to Sell Secret Network (SCRT)
No longer interested in participating in the Secret Network ecosystem? Ready to cash in on some of the earnings you have received from staking on Secret Network? Or maybe you just want to pursue another trading strategy? Kraken makes it easy for you to sell SCRT directly for ether (ETH), or government issued currencies like U.S. Dollars (USD) and Euros (EUR).
Kraken offers over 150 trading pairs in total, so depending on how you decide to sell Secret Network SCRT, you can gain exposure to a wide range of other assets.
Ready to start?
If you’re looking to get right in and start trading, go ahead and sell some SCRT!
Why sell SCRT?
Depending on your investment objectives and tolerance for market risk, you may also find it advantageous to sell SCRT for other cryptocurrencies or cash. You might sell Secret Network if you want to:
Adjust your long-term crypto strategy
Avoid losses in times of sudden price movements
Capture gains from participating in Secret Network staking
Exchange SCRT for other crypto or cash
Move funds into another crypto asset
Stop using Secret Network’s various services
New to crypto?
For more details on how SCRT derives its value, read our official “What is Secret Network?” guide.
How to sell Secret Network (SCRT)
If you’re ready to go ahead and sell SCRT, 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 SCRT to your Kraken Address
If you want to sell SCRT for another cryptocurrency (like BTC or ETH), first you’ll need to create a deposit address in your Kraken account. Depositing Secret Network on Kraken is as easy as transferring it to any cryptocurrency address. If instead you want to sell SCRT for cash (like USD 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 SCRT and other cryptocurrencies on Kraken.
Simply open the New Order page, fill out the order form and click SELL. Check our Secret Network price charts to time the market for the best possible selling times.
Having trouble selling SCRT? Let us know. You can reach us on LiveChat or by email 24/7/365.
Start selling SCRT
Not yet wowed by any other crypto assets? Feel free to read through our full crypto asset guides for a better understanding of other possible opportunities.