How to Sell Gnosis (GNO)
The cryptocurrency that powers Gnosis, GNO is necessary for paying fees to create prediction markets and for placing wagers on the platform. But if you’ve already settled your market, winning any cryptocurrency you wagered, it may be a good idea to sell any unused GNO.
Selling GNO can help you increase your total gains, or in the event of a loss, help you recoup funds invested in your wager on the Gnosis prediction market.
Note, if you’ve been staking GNO to earn cryptocurrency on the platform, you may not be able to sell GNO on a global exchange like Kraken right away. (Based on the wallet and contract you’re using, you may need to wait hours or days to unlock and sell your GNO).
Additionally, if you’ve been storing your GNO in a wallet you control, you may also need to buy ether. As GNO runs on Ethereum, sending GNO to an exchange requires costs be paid to its network. (For more on how this works, visit or ‘What is Ethereum?’ guide).
Still not sure about selling GNO? You can learn about more ways to use your GNO in our ‘What is Gnosis?’ guide. If you’re sure you want to sell GNO, 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 GNO!
New to crypto?
For more details on how GNO derives its value, read our official “What is Gnosis?” guide.
Why sell GNO?
There may be reasons you want to sell GNO for cash or other cryptocurrencies, even if you’re an avid user of Gnosis prediction markets.
For example, you may want to sell GNO if you’re seeking to:
- Adjust your long-term crypto portfolio strategy
- Avoid losses in times of sudden price movements
- Capture gains from past GNO purchases
- Exchange GNO for another cryptocurrency or cash
Don’t have much GNO to sell? That’s OK. Kraken offers minimum order sizes that make it attractive for trades of any size to sell GNO.
Like most cryptocurrencies, GNO is divisible, this means you can easily sell fractions of 1 GNO on Kraken’s exchange. (In fact, our minimum sell order is just 0.02 GNO).
Larger sell orders, of course, are also possible, too. It wouldn’t be out of the ordinary for larger traders to sell 5,000 GNO or more on Kraken.
How to sell GNO on Kraken
一旦您的账户成功收到GNO，您就可以开始在 Kraken 上出售GNO和其他的加密货币。(请注意：由于Gnosis是在以太坊上运行，资金在其区块链上发送可能需要一些时间才能发送成功。这个过程是由于以太坊的去中心化性质造成的，所以这都不在Kraken的控制范围之内)。