How to Sell Icon (ICX)
Ready to secure your gains (or cut your losses) from your ICX investments?
Ready to secure your gains (or cut your losses) from your ICX investments?
First, make sure you understand the implications of selling your ICX. Depending on when you first bought ICX, you may be selling it at a profit (or loss), which could impact your portfolio.
As ICX is a cryptocurrency, it trades on an open, global market, meaning that depending on when you sell, buyers may offer better prices. Remember, the value of your ICX fluctuates against other cryptocurrencies (like BTC or ETH) as well as cash (like EUR and USD).
An exchange with a real-time order book (like Kraken) will give you to-the-minute updates on what buyers and sellers are thinking about the current price of ICX.
Still uncertain about selling ICX? You can learn about more ways to use your ICX in our ‘What is Icon?’ guide. If you’re sure you want to sell ICX, 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 ICX!
New to crypto?
If you’re newer to crypto and looking to learn more before you buy or sell, be sure to check out our “What is Icon?” guide for a more comprehensive deep dive.
Why sell ICX?
There may be reasons you want to sell ICX for cash or other cryptocurrencies.
For example, you may want to sell ICX if you’re seeking to:
- Adjust your long-term crypto portfolio strategy
- Avoid losses in times of sudden price movements
- Capture gains from past ICX purchases
- Exchange ICX for another cryptocurrency or cash
How to sell ICX on Kraken
If you’re ready to sell ICX, follow these simple steps below:
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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 phone number. -
Send ICX to your Kraken address
If you want to sell ICX for another cryptocurrency (like BTC or DASH), first you’ll need a deposit address in your Kraken account. Depositing ICX on Kraken is as easy as transferring it to any cryptocurrency address.If instead you want to sell ICX for cash (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.
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Sell ICX
Once your account has received your ICX, you can begin selling ICX and other cryptocurrencies on Kraken. (Note: Because Icon runs on Ethereum, it may take some time for funds to be sent on its blockchain. This process is due to the decentralized nature of Ethereum and is outside of Kraken’s control.)Next, simply open the New Order page, fill out the order form and click SELL ICX. Check our charts to time the market for the best possible selling times.
Start selling ICX
Having trouble selling ICX? Let us know. You can reach our customer service experts on LiveChat or by email anytime.
