How to Sell Zcash (ZEC)
There comes a time in the lifecycle of any investment when you’ll need to consider capturing your gains (or cutting your losses). It’s no different when you’re buying and selling ZEC.
First, make sure you understand the implications of selling ZEC. Depending on when you first started buying ZEC, you may be selling at a profit (or loss), which could impact your portfolio and carry associated tax responsibilities.
As ZEC is a cryptocurrency, it trades on an open market, meaning that depending on when you sell, buyers may offer more favorable prices. Remember, the value of your ZEC will rise and fall against other cryptocurrencies (like BTC or LTC) as well as cash (like EUR and GBP).
An exchange with a real-time order book (like Kraken) will give you to-the-minute updates on what buyers and sellers are thinking about the current ZEC price.
If you’re sure you’re ready to sell ZEC, click below or read on for a thorough step-by-step guide.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some zcash!
New to crypto?
For more details on how ZEC derives its value, check out our official “What is Zcash?” guide.
Why sell ZEC?
Depending on your risk tolerance and investment allocations, you may find it advantageous to sell ZEC for other cryptocurrencies or cash.
You may want to sell ZEC if you’re seeking to:
- Avoid losses or capture gains in times of price volatility
- Realize gains from buying ZEC
- Claim gains or losses as part of your annual tax reporting
- Sell ZEC crypto for cash (like USD or EUR)
How do I sell ZEC on Kraken?
将ZEC转账到您的 Kraken 地址
如若您想出售ZEC以换取其他加密货币 (例如BTC或ETH)，请在您的 Kraken 帐户中建立一个存款地址并将ZEC发送到该地址。 在 Kraken 上存放加密货币 就像将其转移到任何一个加密货币地址一样简单。