How to Sell Oxygen (OXY)
Looking to cash in on some of your earnings from providing lending services on Oxygen? It might be time to sell some OXY. Whether you’re looking to cash in on your earnings or looking to pursue another trading opportunity, Kraken allows you to sell OXY directly for ether (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 Oxygen (OXY), you can gain exposure to a wide range of other assets.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some OXY!
Why sell OXY?
Depending on your risk tolerance and investment allocations, you may also find it advantageous to sell OXY for other cryptocurrencies or cash. You might sell OXY if you want to:
Adjust your long-term crypto strategy
Avoid losses in times of sudden price movements
Capture gains from providing lending services
Exchange OXY for other crypto or cash
Stop staking OXY and move that money into another asset
Stop using Oxygen’s lending platform
New to crypto?
For more details on how OXY token derives its value, read our official “What is Oxygen OXY?” guide.
How to sell Oxygen (OXY)
If you’re ready to go ahead and sell OXY, 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 OXY to your Kraken Address
If you want to sell OXY for another cryptocurrency (like BTC or ETH), first you’ll need to create a deposit address in your Kraken account. Depositing OXY on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell Oxygen 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 Oxygen and other cryptocurrencies on Kraken.
Simply open the New Order page, fill out the order form and click SELL. Check our Oxygen price charts to time the market for the best possible selling times.
Having trouble selling? Let us know. You can reach us on LiveChat or by email 24/7/365.
Start selling OXY
Not yet wowed by any other crypto assets? Feel free to read through our full crypto asset guides for a better understanding of other possible opportunities.