How to sell LINK (Chainlink)
No longer using Chainlink to retrieve real-world data for your dapps? If so, you may want to consider selling LINK.
Whether you are an oracle operator looking to cash in on your regular earnings or an investor who wants to cut your losses, Kraken allows you to sell LINK directly for ether (ETH), as well as U.S. dollars (USD) and euros (EUR).
Kraken also offers over 150 trading pairs, so, depending on how you decide to sell LINK, 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 LINK, 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 LINK!
New to crypto?
For more details on how DAI derives its value, read our official “What is Chainlink?” guide.
Why sell LINK?
Depending on your risk tolerance and investment allocations, you may find it advantageous to sell LINK for other cryptocurrencies or fiat.
You might sell LINK if you want to:
- Adjust your long-term crypto strategy
- Avoid losses in times of sudden price movement
- Capture gains from operating as an oracle
- Exchange LINK for other crypto or fiat currencies
- Stop executing smart contracts dependent on the Chainlink network
How to sell LINK on Kraken
If you’re ready to go ahead and sell LINK, 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 a phone number.
Send LINK to your Kraken Address
If you want to sell LINK for another cryptocurrency (like ETH or BAT), first you’ll need to create a deposit address in your Kraken account. Depositing LINK on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell LINK for a fiat currency (like CHF 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 LINK and other cryptocurrencies on Kraken.
Start selling LINK
Not sure if you want to sell LINK? It’s OK to change your mind. Having trouble selling LINK? Let us know. You can reach us on LiveChat or by email 24/7/365.