Either through buying the tokens or mining them, there will probably come a time when you’ll decide to sell when you’ve accumulated some Ether. Indeed, as there is a very limited number of businesses that accept cryptocurrencies as a form of payment and most of them accept exclusively Bitcoin, as of now, Ether can only be used to pay for stuff on the Ethereum network.

So, chances are you have purchased Ether as an investment with an intention to offload it at some point in the near future if you don’t intend on being an active user of Ethereum. The various ways of selling Ether and touch upon some trading strategies will be covered in this handy guide.

Exchanges to sell Ether

The process of selling Ether on an exchange function similarly to buying it. First of all, you need to set up an account after choosing an exchange that operates within your jurisdiction and trades Ether. You will be required to connect your existing bank account and provide some additional information, e.g., your date of birth, country of residence and phone number in order to be able to sell it.



You will need to choose whether to sell your Ether for fiat currency or trade it for a different cryptocurrency, once you’re all set up.

Wallet services are offered by major exchanges. Simply navigate the website, In search of a ‘sell,’ ‘deposit’ or ‘deposit into exchange’ button. You will find your new wallet’s address here. From where it’s kept in the new wallet, Simply send the required amount of Ether and the transfer will happen almost instantaneously.



You can fix how much Ether you’d prefer to sell and choose what currency you’d like to sell it for, from there. This is done through either placing an order and waiting for someone to accept it or, alternatively, On most exchanges. You can look for an already placed order to fill. The exchange rate is generally estimated automatically based on the market volatility, current market rate, the size of the transaction and, in some cases, the length of time using a particular exchange.

The funds, no matter fiat or crypto, will appear in your account when the trade is complete. You will then have an option to withdraw the funds into your bank account if you opted to sell your Ether for any of the traditional currencies. It might take up to three to four days for the money to appear in your bank account as this is done via bank wire transfer.



Fees will also be incurred in Withdrawing fiat currency. You might want to factor that in when choosing the right exchange, as those differ quite significantly depending on the particular trading platform. In ‘about’ of ‘frequently asked questions’ sections of exchanges’ websites, the breakdown of the fees can be found.

Ethereum wallets sell Ethereum

Ethereum wallets



Peer-to-peer trading

There’s an option to sell your Ether directly through a Localethereum peer-to-peer exchange if you’d prefer to skip the hassle of connecting your bank account and going through a lengthy process of identity verification. This one is completely decentralized, unlike all other exchanges. Through the implementation of Ethereum smart contracts, the escrow services and arbitrage are achieved.

 A marketplace where users can place and respond to offers is Localethereum. You will typically be charged a 0.25 per cent fee when selling on the platform. It also has a messaging service, which to exchange Ether for hard cash, it allows users to set up an eye-to-eye meeting. Alternatively, you can use services such as MeetUp where you can find your general cryptocurrency-related meet-up, where you can sell your Ether as a safe environment or local Ethereum.



It is important to remember, the chances of your deal going wrong are significantly higher if you opt for a peer-to-peer trading option, as you will be dealing with individuals, not corporations. Especially when meeting with strangers off the Internet, remember to take this into account and take precautionary measures.

Always double-check the amount you’re sending, the public addresses, as well as the current exchange rate.



Make sure to meet in a public place, When arranging a face-to-face meeting, and never invite alleged traders to your house and, of course, never go to theirs. It would wise to let the trader know about it, even if some people prefer to bring a friend to the deal, just to be on the safe side. Also, to confirm the transaction, you will need active Internet access. Finally, make sure the person you’re trading with has the funds available and is all but ready to confirm the transaction on their part, before confirming a transaction. Sometimes people press the ‘send’ button at the same time.

Also Check: How to buy Ethereum



Ether Trading Strategies

  • Holding

As Buy-and-hold is by far the easiest and least involved approach, trading is perhaps the most common trading strategy amongst the general investing population. As it entails buying stocks and holding on to them for a long period of time before offloading them, it is also sometimes referred to as a long-term strategy.

Buy-and-hold investors regardless of market conditions, usually tend to choose a strong, reputable company, buy their stock and hold onto it. The two indisputable market leaders are Bitcoin and Ethereum when it comes to cryptocurrencies. it is not expected to plummet anytime soon, even if their value still fluctuates quite a lot. With many long-term investors still joining their ranks, a huge amount of people who bought BTC or ETH early are now reaping the rewards.

It saves time and energy and Probably the most important benefit of this strategy is that. Essentially, all you need to do is buy Ether tokens and store them in a safe location. As a buy-and-hold trader, you won’t need to regularly check up on price histories, news and information, and overall market performance. Moreover, as you will be performing a significantly smaller amount of transactions than active traders, opting for this strategy means low anxiety, low maintenance of your portfolio, as well as lower transaction fees.

It is not without risk, especially when dealing with cryptocurrencies, even if buy-and-hold is a safer trading strategy than others. From shorter-term price swings, the Long-term traders cannot be benefitted; also it might be difficult for some people to not be overactive in the markets. Moreover, for instance, the infamous DAO hack and the subsequent Ethereum hard fork led to Ether price plummeting, this some events might have a huge impact on Ether price. But, Ether has not only recovered since but those who held onto their assets after the drop are now enjoying the massive profits and it gained hundreds of dollars in price.

The eventual sale is one crucial aspect of this strategy. Buy-and-hold traders have an option of either selling them in chunks when the price hits another all-time high or exiting the position fully by selling every single token in their possession. Of course, it might be time to sell prematurely to avoid losses, if a member of the Ethereum team will indicate some major problems or theft, if Ethereum will file for bankruptcy or if the project will be abruptly shut down,  and if the project will be going through a major adjustment of strategy.

  • Active trading

A strategy that entails a deeper immersion into the market and requires a lot more time, knowledge and experience than buy-and-hold is Active trading strategy. There are several different styles of active trading in the world of traditional securities trading. However, we are dealing with a completely new and largely unpredictable market, cryptocurrencies, so applying traditional trading strategies might not work.

You are essentially speculating on Ether price, If you’re opting for active trading, and that means you will need to monitor the market and Ether’s price fluctuation daily, if not hourly. For an active trader, Related news articles, announcements and opinions are also an essential read, as those can influence the price quite a lot.

There’s a golden rule to active trading – buy low, sell high. Basically, all you require to do is wait for the period when Ether price is relatively low, purchase some tokens and sell them when the price goes up. Simply by looking at the exchange rate, you can follow the fluctuation of the price manually. Alternatively, you can utilize trading tools such as TradingView, that allow you to set up alerts both for when the price hits a low and when it spikes to a certain value at which you’d like to sell. In most of such only in paid-for packages, trading tools alerts are available, but if you’re an active trader, it will be worth it.

Locking in profits is a potential problem that active traders might face. Many exchanges make it very difficult for users to store money in their local fiat currency or don’t allow to do so. This means that you will need to withdraw the money to your bank account, which can take up to several days and will incur fees, every time you make a successful sale. Then, you will need to send money to the exchange to buy it again.

Tether, a cryptocurrency that is not used to invest or trade-in, is one possible solution to this problem. Instead, as it is pegged to the US Dollar, which means that one Tether will always be worth around $1, it is used as a means of exchange. To lock in profits or stop the losses and trade it back to Ether once you’re ready to buy again, you can convert your Ether into Tether.

Exchanges to buy Ethereum

How to sell Ethereum mined from pool

You provide the pool with an address to which your mining rewards will be sent when you join a mining pool. As it’s public address can change from time to time, many exchanges don’t recommend sending mining rewards directly to an exchange-based wallet.

It only means you need to take an extra step and doesn’t mean that you can’t sell Ether received as a reward for mining. For receiving mining rewards and then simply transferring your tokens from theirs to your exchange’s wallet, One possible solution will be setting up a local wallet.

What to consider if you plan to sell Ethereum

Remember that every cryptocurrency trade comes with a certain level of risk attached before you sell your ETH tokens. It is important to do your research before selling any coins or tokens, as Cryptocurrencies are volatile and complicated assets.

  • Trading fees. To find out how much it’ll cost you to sell your ETH, Compare trading fees across a variety of exchanges. Check to see if fees are same across the board or different for market makers and takers.
  • Withdrawal fees and methods. , Don’t forget about the fee charged to withdraw funds from your exchange account, when choosing a platform. It’s also a good idea to check how long it’ll take for your transaction to be completed and what withdrawal methods are available.
  • Transaction limits. Does the exchange impose any minimum or maximum limits on how much ETH you can sell? Is there a per-transaction or daily withdrawal limit you need to worry about?
  • Type of platform used. Will you be using a decentralize exchange (usually have better security) or centralized exchange (easy to use)? Can you trade in a peer-to-peer setting that allows you to connect directly with another user who wants to buy ETH or will you require to entrust your funds to a third party, such as the exchange operator?
  • ID verification required. Consider how long it’ll take to become a verified member and the personal details and ID you’ll need to provide in order to sell ETH on any exchange. Some platforms have a rigorous signup process in place and you may have to endure a wait while your account is verified while others don’t require any verification, which is useful for those who value their privacy.
  • Customer support. Don’t forget to verify how you can get in touch with the exchange’s customer support team and research if they carry a decent reputation for responding quickly to requests for help. If your funds are slow to arrive or something else goes wrong with your transaction, this will ensure that you can get the assistance you need.