No longer using Augur’s decentralized prediction market platform to bet on the outcome of events? If so, you may want to consider selling REP.
Whether you’ve long staked REP to report on the outcome of its events or are a recent investor who wants to quickly cut their losses, Kraken allows you to sell REP directly for ether (ETH) and cash.
Our exchange also offers over 150 trading pairs, so depending on how you decide to sell REP, 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 REP, 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 REP!
New to crypto?
For more details on how REP derives its value, read our official “What is REP?” guide.
Why sell REP?
Depending on your risk tolerance and investment allocations, you may find it advantageous to sell REP for other cryptocurrencies or cash.
You might sell REP if you want to:
- Avoid losses in times of sudden price movements
- Capture gains from reporting on markets
- Exchange REP for other crypto or cash
- Invest in protocols and assets powered by Ethereum
- Reduce your portfolio’s exposure to crypto prediction market platforms
If you’re ready to go ahead and sell REP, follow these simple steps below:
Sign up for a Kraken account.
You just need an email address, username and a strong password.
Verify your Kraken account.
All you need is your name, birth date, country of residence and phone number.
Send REP to your Kraken Address
If you want to sell REP for another cryptocurrency (like ETC or BAT), first you’ll need to create a deposit address in your Kraken account. Depositing REP on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell REP for cash (like EUR or USD), 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 REP and other cryptocurrencies on Kraken.
Start selling REP
Not sure if you want to sell REP? It’s OK to change your mind. If you have more technical questions about placing an order, you can also reach us on LiveChat or by email 24/7/365.
If you’re ready to sell, Kraken is here! Click the link to begin selling REP below.