How to Sell BCH?
All set to sell your BCH? The good news is you’ve come to the right place. Kraken offers a robust, real-time cryptocurrency exchange, uniting buyers and sellers in markets around the globe, including many for popular BCH trading pairs.
This means if you’re ready to cut your losses (or cap your gains) by selling BCH at the best possible price, our order books can help you with your goal.
Before you hit enter on your trade, though, first make sure you understand the implications of selling your BCH. Even if you received your BCH when Bitcoin Cash split from Bitcoin (BTC), you may face tax reporting obligations.
If you’re ready to go, read on for a quick and easy guide on how to sell bitcoin cash.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some bitcoin cash!
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Why Sell BCH?
Depending on your portfolio and risk tolerance, there may be times when selling bitcoin cash for another cryptocurrency (or a government currency) may be advantageous.
You may want to sell BCH if you want to:
- Sell your BCH for crypto or a fiat currency
- Capture gains (or avoid losses) in times of price volatility
- Realize gains from previous BCH purchases
- Claim losses (or gains) on your annual tax filings
How do I sell BCH on Kraken?
If you’re sure you want to sell your BCH, follow these easy steps below:
- Sign up for a Kraken account
You’ll need a username and email address. (We highly recommend you also use this opportunity to create a strong password.)
- Verify your Kraken account
We’ll need to request certain information, including your name, date of birth, country of residence and phone number. If you own BCH and provide this information, this means you should be able to deposit and sell it today.
- Send BCH to Your Kraken Address
If you want to sell BCH for another cryptocurrency (e.g ETH or LTC), start by generating a deposit address in your account and sending your BCH. Depositing your crypto to Kraken is as easy as transferring it to any Bitcoin Cash address.
If you want to sell BCH for a fiat currency (such as USD or EUR), you’ll need to send us additional identification and proof-of-residence documents. Learn more about Kraken’s verification levels here.
- Start selling BCH
Once your account is funded with BCH, you’ll be able to place a sell order.
Now, open the New Order page, fill out our order form and click SELL. Check our charts to pick the right right time to trade (or to monitor the market).
If you’re having trouble selling your bitcoin cash, our experts are available to assist. Our support staff is online 24/7, meaning you’ll be able to reach us on LiveChat or by email.
Now that you’re set up, take the next step and click the button below! This way, you’ll be able to fund your account and sell your bitcoin cash today.