First you would have to transfer the balance of Ether to a exchange platform, exchange it there and then transfer the new currency to another wallet. In addition, the transfer of credit between different wallets and service providers can incur fees that make the exchange very costly. If you want to exchange Ether directly from one wallet into another currency (and another wallet), exchange service providers such as Changelly¹ are recommended. One of the options is to sell Ethereum for PayPal and continue operating your funds from the PayPal account.
Another option is to sell Ethereum for Bitcoin and join the community of holding fans. With a DEX you can trade digital assets without ever giving control of your funds to a centralized company. The next step is to exchange Ethereum for the preferred fiat currency before making a withdrawal. Go to the Binance Sell Crypto Page to get your preferred fiat currency.
How do you sell Ethereum to a bank account?
The value of the Ethereum value, or rather the price of the Ether token, arises from its versatility and power to run decentralized, secure apps on the network. As more and more people from different types of industries get attracted to Ethereum, its token Ether becomes more in demand and rises in value. The price that you see for Ethereum actually refers to the token that is used on the Ethereum network, which is called Ether. Ether is a cryptocurrency just like Bitcoin and represents the monetary value of the Ethereum network. Wallets even allow you to do this directly from your wallet, so it even avoids the hassle of having to log onto an exchange.
You can scan your wallet barcode via the ATM and select how much Ether you want to sell. However, another method is more secure than directly using a wallet. You can transfer the amount of Ethereum you want to sell into a crypto card.
Step 1: Figure Out What You Want to Create
The Singapore-based platform provides a reliable way for traders to invest, trade and spend cryptocurrencies. Users can be assured that the platform’s liquidity is sufficient to handle high-volume transactions. How To Sell Ethereum Crypto.com also boasts an intuitive user interface and a top-rated crypto app. It’s not as easy to use as eToro, but the learning curve is not as steep as some other brokers in the market.
- There are hundreds of online platforms in the UK that allow you to buy Ethereum.
- Simply copy the Deposit address for Ethereum tokens on Binance to initiate the transaction from your external source.
- Unlike several altcoins that might be a bit more challenging to sell, traders will find that Ethereum is just as easy to sell as Bitcoin.
- Similar to Gemini, you can either place an order or fill one that’s already been placed when selling.
- Brokers like eToro or Binance offer instant payment services to your USD bank account.
- With LocalEthereum, for example, you can buy ETH from people directly without fees and by using mutually agreed method of payment.
While the local providers offer liquidity in Brazilian real pairs, its global counterpart will provide liquidity for U.S. dollar pairs. This, according to the announcement, will enable Nubank customers to receive the best price execution. In situations where direct conversion to dollars is not possible, you can convert your Bitcoins other cryptocurrencies.
Failing to Research the Platform
For eToro, the withdrawal process and requirements are quite simplified. For one thing, this broker is determined to offer useful services to any trader notwithstanding the level of experience and trading capital. The broker also wants to be sure that your funds are withdrawable, therefore, you have to ensure that the funds you wish to withdraw are available. You can detect if your account is verified once you observe a green tick at the top of your profile. Another great way the validity of these brokers was evaluated is by analyzing their attention to user comfort. Aside from offering sleek trading views and an array of cryptocurrencies, most of them offer basic steps to maximize the platform.
Once you have sold your Ethereum, you can withdraw the proceeds to your bank account or use them to buy other cryptocurrencies. For example, Ethereum offers something called ‘smart contract’ technology. In its most basic https://www.tokenexus.com/ form, this allows two or more people to enter into an agreement without needing to trust each other. Ethereum transfers are also faster than Bitcoin and the blockchain is able to handle a lot more transactions.