How to Sell tBTC
No longer interested in accessing Ethereum’s decentralized finance (DeFi) tools?
Whether you’ve been lending tBTC and are looking to cash in on your DeFi gains or you’re an investor who wants to pursue another trading opportunity, Kraken allows you to sell tBTC directly for Ethereum (ETH), as well as U.S. dollars (USD) and euros (EUR).
Kraken offers over 150 trading pairs in total, so depending on how you decide to sell tBTC, you can gain exposure to a wide range of other assets.
New to crypto?
For more details on how tBTC derives its value, read our official “What is tBTC?” guide.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some tBTC!
Why sell tBTC?
Given the unique attributes of tBTC, you may find buying and selling it becomes a powerful tool in your trading arsenal.
For example, you may want to sell tBTC if you want to:
- Make changes or adjustments to your cryptocurrency portfolio
- Capture gains in times of sudden price movements
- Increase your portfolio’s exposure to DeFi crypto assets
- Trade it for other cryptocurrencies.
How to sell tBTC on Kraken
If you’re ready to go ahead and sell tBTC, 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 tBTC to your Kraken Address
If you want to sell tBTC for another cryptocurrency (like ETH or XMR), first you’ll need to create a deposit address in your Kraken account. Depositing tBTC on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell tBTC for cash (like GBP 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 tBTC and other cryptocurrencies on Kraken.
Simply open the New Order page, fill out the order form and click SELL. Check our tBTC price charts to time the market for the best possible selling times.
Start selling tBTC
Not sure if you want to sell tBTC? 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.