How to Sell Siacoin (SC)
No longer using Sia’s cryptocurrency-powered cloud-based storage platform? If so, you may want to consider selling your SC.
Even still, there may be reasons to sell SC if you’re helping power the network. Whether you’re earning SC renting out your computer’s excess space or you’re a Sia miner seeking to cash-out gains, Kraken allows you to sell SC directly for Bitcoin (BTC) and cash.
Our exchange also offers over 150 trading pairs, so depending on how you decide to sell SC, you can gain exposure to a wide range of other assets.
If you’ve already decided now is the best time to execute a trade and sell SC, 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 SC!
New to crypto?
For more details on how SC derives its value, read our official “What is Siacoin?” guide.
Why sell SC?
Depending on your risk tolerance and investment allocations, you may find it advantageous to sell SC for other cryptocurrencies or cash from time to time.
You might sell SC if you want to:
- Avoid losses in times of sudden price movement
- Cash out gains you made from renting excess space or for generating new blocks
- Exchange SC for other crypto or cash
- Reduce your portfolio’s exposure to crypto asset volatility.
How to sell SC on Kraken
If you’re ready to go ahead and sell SC, 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 SC to your Kraken Address
If you want to sell SC for another cryptocurrency (like BTC or BAT), first you’ll need to create a deposit address in your Kraken account. Depositing SC on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell SC 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 SC and other cryptocurrencies on Kraken.
Start selling SC
Not sure if you want to sell SC? It’s OK to change your mind. If you have more technical questions, you can also reach us on LiveChat or by email 24/7/365.