How to Sell Orchid (OXT)
No longer interested in accessing Orchid’s VPN services? It might be time to sell OXT.
Whether you’re a bandwidth provider looking to cash in on your gains or you’re an investor who wants to pursue another trading opportunity, Kraken allows you to sell OXT 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 OXT, 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 OXT!
New to crypto?
For more details on how OXT derives its value, read our official “What is Orchid?” guide.
Why sell OXT?
Depending on your risk tolerance and investment allocations, you may also find it advantageous to sell OXT for other cryptocurrencies or fiat.
You might sell OXT if you want to:
- Adjust your long-term crypto strategy
- Avoid losses in times of sudden price movements
- Capture gains from selling your bandwidth on the network
- Exchange OXT for other crypto or fiat currencies
- Stop staking OXT and move that money into another asset
- Stop using Orchid’s VPN.
How to sell OXT on Kraken
If you’re ready to go ahead and sell OXT, 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 OXT to your Kraken Address
If you want to sell OXT for another cryptocurrency (like ETH or WAVES), first you’ll need to create a deposit address in your Kraken account. Depositing OXT on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell OXT for a fiat currency (like CHF or AUD), 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 OXT and other cryptocurrencies on Kraken.
Having trouble selling OXT? Let us know. You can reach us on LiveChat or by email 24/7/365.
Start selling OXT
Not sure if you want to sell? You can always continue holding OXT. If you do, be sure to bookmark our pricing page so you can spot sale opportunities if and when they arise.