How to Sell yearn.finance (YFI)
No longer interested in using yearn.finance’s platform? It might be time to sell YFI.
Whether you’ve been trading crypto assets using yearn.finance’s Zap feature or you’ve been earning YFI lending assets on the Earn platform, Kraken allows you to sell YFI for crypto assets like 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 YFI, 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 YFI!
New to crypto?
For more details on how YFI derives its value, read our official “What is yearn.finance?” guide.
Why sell YFI?
Depending on your risk tolerance and investment allocations, you may also find it advantageous to sell YFI for other cryptocurrencies or cash.
You might sell YFI if you want to:
- Adjust your long-term crypto strategy
- Avoid losses in times of sudden price movements
- Capture gains from lending cryptocurrency
- Exchange YFI for other crypto or cash
- Reduce your portfolio’s exposure to lending platforms.
How to sell YFI on Kraken
If you’re ready to go ahead and sell YFI, follow these simple steps below:
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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 YFI to your Kraken Address
If you want to sell YFI for another cryptocurrency (like ETH or BTC), first you’ll need to create a deposit address in your Kraken account. Depositing YFI on Kraken is as easy as transferring it to any cryptocurrency address.If instead you want to sell YFI for cash (like USD or AUD), you’ll need to send us identification and proof-of-residence documents. Learn more about our different verification levels here.
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Sell YFI
Once your account has received funding, you can begin selling YFI and other cryptocurrencies on Kraken.Simply open the New Order page, fill out the order form and click SELL. Check our YFI price charts to time the market for the best possible selling times.
Having trouble selling YFI? Let us know. You can reach us on LiveChat or by email 24/7/365.
Start selling YFI
Not sure if you want to sell? You can always continue holding YFI. If you do, be sure to bookmark our pricing page so you can spot sale opportunities if and when they arise.
