How to Sell Kusama (KSM)
Is your blockchain or application already live on the Polkadot blockchain? If so, it might be time to sell KSM tokens on its pre-production environment Kusama.
Whether you’ve migrated your parachain to Polkadot or you simply wish to stop earning rewards through staking, Kraken allows you to sell Kusama (KSM) directly for Polkadot (DOT), U.S. dollars (USD) and euros (EUR).
In fact, Kraken offers over 150 trading pairs in total, so, depending on how you decide to sell KSM, 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 KSM!
New to crypto?
For more details on how KSM derives its value, read our official “What is Kusama?” guide.
Why sell KSM?
Depending on your risk tolerance and investment allocations, you may also find it advantageous to sell KSM for other cryptocurrencies or cash.
You might sell KSM if you want to:
- Adjust your long-term crypto strategy
- Avoid losses in times of sudden price movements
- Capture gains from staking in Kusama
- Stop staking KSM and move that money into another asset.
How to sell KSM on Kraken
If you’re ready to go ahead and sell KSM, 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 KSM to your Kraken Address
If you want to sell KSM for another cryptocurrency (like Ethereum or Bitcoin), first you’ll need to create a deposit address in your Kraken account. Depositing KSM on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell KSM 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 KSM and other cryptocurrencies on Kraken.
Having trouble selling KSM? Let us know. You can reach us on LiveChat or by email 24/7/365.
Start selling KSM
Not sure if you want to sell? You can always continue holding KSM. If you do, be sure to bookmark our pricing page so you can spot sale opportunities if and when they arise.