How to Sell Enzyme Finance (MLN)
An aspiring asset management platform built on the Ethereum blockchain, Enzyme Finance is at the bleeding-edge of providing cryptocurrency-based financial services.
For early users, this means buying its cryptocurrency opens up a world of decentralized crypto-powered funds and portfolios. But the platform might not be for the faint of heart today.
If you’ve bought MLN and are no longer using the Enzyme Finance, formerly Melon, software or funds built on its platform, you may benefit from selling MLN using an exchange with a global order book.
Depending on when you bought and how you’ve been storing your MLN, you may have additional considerations as well. Enzyme Finance (Melon Protocol) underwent a major change to its software rules in 2019. So, if you bought before, you may need to exchange your coins before you can sell MLN.
Likewise, if you’ve been storing your MLN in a wallet you control, you may also need to buy ether. As MLN runs on Ethereum, sending MLN to an exchange requires costs be paid to its network. (For more on how this works, visit or ‘What is Ethereum?’ guide).
Either way, Kraken offers robust ETH and MLN market, complete with a wide range of charting and trading tools. This means if you’ve ironed out any issues above and are looking to sell MLN, we offer features that can help you maximize your sale.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some MLN!
New to crypto?
For more details on how MLN derives its value, read our official “What is Enzyme Finance?” guide.
Why sell MLN?
You may want to sell MLN if you’re looking to:
- Capture gains from past MLN purchases
- Diversify your long-term investment strategy
- Exchange MLN for another cryptocurrency
- Liquidate any Enzyme-based crypto asset portfolios
How to sell MLN on Kraken
If you’re ready to sell MLN, 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 MLN to your Kraken Address
If you want to sell MLN for another cryptocurrency (like LTC or BCH), first you’ll need a deposit address in your Kraken account. Depositing MLN on Kraken is as easy as transferring it to any cryptocurrency wallet address.
If instead you want to sell MLN for a more traditional currency (like GBP or EUR), you’ll need to send us additional identification and proof-of-residence documents. Learn more about our different verification levels here.
After the funds are successfully received by your account, you can begin selling MLN on Kraken. (Note: As mentioned, MLN is a token on Ethereum, so it may take some time for transactions to confirm. This is due to the decentralized nature of the Ethereum blockchain and is outside of Kraken’s control).
Simply open the New Order page, fill out the order form and click SELL MLN. Next, check the Enzyme price chart to time the market for the best possible trading times.
Start selling MLN
Still having trouble selling MLN? You can always let our support specialists assist you.
If you run into any trouble selling MLN, let us know. Our support staff is online 24/7 ready to help. You can reach us on LiveChat or by email anytime.