Your gas cost is based on how busy the network is at the time and other factors. This cost is paid in ether (or in fractions of ether, called gwei). Depending on where you purchase your ETH, you may have to pay an additional gas cost, or, with some exchanges, the cost will be baked in. You can generally see how much an Ethereum transaction will cost before you complete it.
Here’s our Chief Experience Officer, Ian Rogers, to explain exactly why it’s so important to secure your crypto – and why Ledger Nano is the safest option on the market. If you intend to sell ETH on the same exchange where you bought it, skip to the second step. Next step is to provide the documents and some information that verifies your identity. Verification is important to ensure the safety of your account and funds.
Why would you want to sell your crypto?
When choosing a funding method, review the crypto exchange’s fees; they can vary based on the method. Both of these platforms are there to facilitate trading between two individuals – let’s say John selling Bitcoin to Mary. A Direct Trading platform would serve as an intermediary https://www.tokenexus.com/ in the trade, meaning they’d help conclude it. After having agreed on the trade they’d make, John would send his Bitcoin to the Direct Trading Platform, and Mary her Dollars as well. The platform would then make sure they each then get their Bitcoin and Dollars respectively.
Cryptocurrencies aren’t traded on major exchanges like the New York Stock Exchange (NYSE), and many brokerages don’t offer crypto investing. While Bitcoin is the top cryptocurrency based on the value of its coins in circulation, Ethereum is no slouch. With a total value of over $230 billion, it’s the second biggest cryptocurrency by market capitalization.
When Is the Best Time to Sell ETH?
If your desired prices become true on the real market, your order will execute automatically. Ethereum is also available on all major exchanges, including Coinbase, Kraken, and Gemini. This gives you a lot of ability How To Sell Ethereum to choose a trading platform that will work with your preferred payment method. For example, you might buy crypto with a debit card, credit card, PayPal, or bank transfer, depending on the service you sign up for.
- These factors determine how smooth the process to sell Ethereum will be for you.
- The asset is one of the most sought after in the crypto market, meaning that there is a huge demand for it.
- The final step is withdrawing the amount you’ve received and deposited it into your bank account.
- What better way to capitalize on the Bitcoin halving than investing in it?
- Outside of his role at CoinCentral, Steven is a co-founder and CEO of Coin Clear, a mobile app that automates cryptocurrency investments.
Then, select the “Sell” option and make sure your currency is set to Ethereum. Next, click the “Send/Receive” button on the dashboard and navigate to the “Receive” tab. Select Ethereum under “Asset” and you’ll be shown the public address to which you can send your funds. Analyst Rekt Capital suggested that the current price action is part of a pre-halving retracement. According to Rekt Capital, Bitcoin experienced a 38% and 20% dip during the halving cycles of 2016 and 2020, respectively. Additionally, the Institute for Supply Management’s manufacturing gauge indicated expansion for the first time since September 2022.
Ethereum Unstaking & Withdrawals Are Now Available on Binance.US
Direct ETH withdrawals to external wallets are near-instant on Binance. Binance is our top exchange to sell Ethereum as it is the largest platform based on daily crypto trading volume and a great place to sell ETH instantly with low fees. The exchange also operates in over 100 countries, sourcing liquidity from millions of users and creating a healthy economy where traders can trade digital assets in minutes. Users can sell their ETH coins immediately for fiat currency or another cryptocurrency through the broker. At the same time, traders could simply transfer their assets to leading Ethereum wallets such as Metamask and Exodus.
- If you don’t want to buy a whole Ethereum token or don’t have enough money in your account for a full coin, you can purchase a fraction of one.
- Or if you want to be able to trade on the go, pick an exchange or brokerage that has a mobile app.
- When using exchanges, it’s probably best to send the exact amount you’d want to sell there.
- For this tutorial, we will use our number one pick Binance as an example.
- The platform would then make sure they each then get their Bitcoin and Dollars respectively.
- Cryptocurrency exchanges provide users with wallets upon sign-up.