Withdrawal timelines on Coinbase vary based on the trader’s desired channel and location. However, using the ACH option requires 3-5 business days, while wire transfers are processed within 1-3 business days. For a full list of withdrawal options, read our Coinbase review. Understanding these fee structures will be critical for any trader seeking to maximize profits. Finder.com is an independent comparison platform and information service that aims to provide you with information to help you make better decisions.
- However, it should be up to you to decide because you are in charge of your own funds.
- Because it’s so popular, it’s relatively easy to learn how to buy and sell Ethereum.
- Coinbase supports ACH transfers, Instant Cashouts, debit cards, wire transfers, PayPal and other digital solutions.
- We talk a lot about how to buy crypto – but here, we’ll talk about the other side of the coin (pun intended).
To sell your Ethereum, simply head back to your crypto exchange and enter the amount you want to sell. To purchase Ethereum, enter its ticker symbol—ETH—in your exchange’s “buy” field and input the amount you want to buy. 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. That’s why it’s important to consider your risk tolerance along with the diversity and stability of the rest of your investment portfolio before buying Ether. Experts recommend that you never invest more in crypto than you can afford to lose.
Best Crypto Exchanges
That being said, ATMs can be a handy option if you’re in a pinch and need to quickly convert ETH into cash. The Ledger sell option, operated by Coinify, functions pretty How To Sell Ethereum similarly to the Ledger swap. Before doing so, you would choose the amount you want to sell, after which Coinify will indicate what you’d get in return for it.
So, let’s start by opening Ledger Live, connecting your Nano to your computer and unlocking it with your PIN. Then, check the ‘Apps Installed’ tab to make sure you have the Bitcoin app and the Exchange app. If either is missing, just go to the App Catalog and install it. For example, if the price of Ethereum is $2,000 and you invest $100, you will purchase 5% of an Ether coin. This is just like when you purchase a fractional share of a stock. Although Ether has had impressive returns in the past, it’s also had some significant crashes, sometimes in astonishingly short amounts of time.
Final Thoughts: The Best Place to Sell Ethereum
Additionally, if you intend to sell your ETH for fiat currency, you will want to make sure that you can withdraw the fiat to a bank account. Not all exchanges have this option available, so be sure to use the table of exchanges below https://www.tokenexus.com/ to pick one that is compatible with your bank account. EToro will deposit the funds using the payment method used to fund the account except otherwise specified. The average time to receive withdrawals ranges from 2-10 business days.
Click Generate Deposit Address, after which you’ll be provided an address that you can transfer ETH. All you have to do is register your account, pass verification, and feel free to enjoy our numerous services crafted just for you. Cryptocurrencies are speculative and investing in them involves significant risks – they’re highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested.
Legit Ways to Make Extra Cash
The process of selling ether on an exchange works similarly to the process used to buy it. This means that individuals and institutions can make and receive payments on transactions from anywhere in the world. The native coin of the Ethereum platform is ether (ETH), which also has a role as a store of wealth. Coinbase and Binance are two popular exchanges that serve dozens of countries across the world; perhaps this may be a good starting point for you. Both exchanges have implemented KYC procedures, but these typically process in a few days and should put you in a place to start selling Ethereum quickly enough. You’ll need to provide some basic personal information about yourself, as well as photographs of yourself and government-issued identification.
