How to Sell Storj (STORJ)
No longer using Storj’s cryptocurrency-powered cloud-based storage platform? If so, you may want to consider selling your STORJ.
Whether you’re no longer spending STORJ to store your files or you’ve earned money storing files and are ready to cash-out gains, Kraken allows you to sell STORJ directly for Bitcoin (BTC) and other popular fiat currencies.
Our exchange also offers over 150 trading pairs, so depending on how you decide to sell STORJ, 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 STORJ, 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 STORJ!
New to crypto?
For more details on how STORJ derives its value, read our official “What is Storj?” guide.
Why sell STORJ?
Depending on your risk tolerance and investment allocations, you may find it advantageous to sell STORJ for other cryptocurrencies or fiat from time to time.
You might sell STORJ if you want to:
- Adjust your long-term crypto strategy
- Avoid losses in times of sudden price movement
- Cash out gains you made from renting excess space and bandwidth
- Exchange STORJ for other crypto or fiat currencies
- Reduce your portfolio’s exposure to crypto asset volatility.
How to sell STORJ on Kraken
If you’re ready to go ahead and sell STORJ, 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 STORJ to your Kraken Address
If you want to sell STORJ for another cryptocurrency (like LTC or SC), first you’ll need to create a deposit address in your Kraken account. Depositing STORJ on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell STORJ for a fiat currency (like AUD 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 STORJ and other cryptocurrencies on Kraken.
Start selling STORJ
Not sure if you want to sell STORJ? It’s OK to change your mind. If you have more technical questions, 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 STORJ below.