{"id":298734,"date":"2021-08-17T05:47:28","date_gmt":"2021-08-17T09:47:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=298734"},"modified":"2024-12-23T14:53:05","modified_gmt":"2024-12-23T14:53:05","slug":"sell-ethereum","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/sell-cryptocurrency\/sell-ethereum","title":{"rendered":"How to Sell Ethereum (ETH)"},"content":{"rendered":"
Ethereum (ETH) is the second-largest digital asset in the crypto market. This crypto has become a favorite to millions of investors and hasn’t failed to keep up to expectations. There are a whole lot of activities across the Ethereum ecosystem because it hosts DeFi (Decentralized Finance) projects and programs. Also, Ethereum is consistently developing its network to accommodate more features, become more scalable, and reduce gas fees. The use case of this cryptocurrency is evident and as you might know, it is a large contributor to the global crypto market cap.\u00a0<\/span><\/p>\n Just like Bitcoin, Ethereum is a tradable asset. You can find it listed on several brokers or exchanges. If you don’t know Ethereum, you can purchase them from great brokers and trade them as well. You might likely have some of it in your crypto wallet too. However, considering that not everyone knows how to sell their Ethereum, a guide such as this would help you simplify the process.\u00a0<\/span><\/p>\n One important fact you must note is that selling Ethereum isn’t difficult. You can sell it if you’ve got a few tools handy. Paramount amongst them is a good broker that affords efficient liquidity. These brokers function as the needed support to begin the process of converting your Ethereum or any other cryptocurrency to fiat. To make the process easier for you, below are a few brokers that are the favorites of respected crypto experts and analysts. They are also superb platforms to begin your trading journey.\u00a0<\/span><\/p>\n The above brokers make the top rankings when it comes to selecting the most suitable options for any trader, notwithstanding the level of experience. Just as you know, there are hundreds of cryptocurrency brokers and exchanges newer platforms that enter the list regularly. Although most of these brokers perform the basic functions required, others might not be up to speed with the needed operations and flexibilities.\u00a0<\/span><\/p>\n The basic requirements for a crypto broker are efficiency, good customer service, security, crypto custody, and a trading desk. The above exchanges feature these requirements and even go much further to provide additional services. Their native features vary depending on the trading strategy and experience of the user.\u00a0<\/span><\/p>\n 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. Some go as far as offering tutorials for novice traders. Security is also another important feature which these brokers hardly ignore. They are renowned for constantly updating their secure servers and employing newer mechanisms to keep things running more smoothly. You can check any of them and determine if it suits your trading style.\u00a0<\/span><\/p>\n If you have some Ethereum and you’re wondering the best way to sell it, this brief tutorial would give you the perfect head start. To be honest, the process isn’t as complex as you speculated it would. Nevertheless, we are aware that one of the most evident challenges with crypto liquidity is withdrawals. This guide would also cover that aspect as well.\u00a0<\/span><\/p>\n If you don’t own Ethereum yet, you can buy some from the brokers listed above. Just like we emphasized, they are easy to use and you can get your account up and running in minutes.\u00a0<\/span><\/p>\n For this tutorial, we are going to be learning about our favorite broker – eToro. This particular platform is structured to make trading a lot easier for everyone. eToro comes with a great trading view, a demo option to hone your trading skill, and a wide array of digital currencies to pick from. <\/span>An added advantage is that traders can easily exchange them as eToro boasts of high liquidity due to large trading volume. eToro also features other quality services accessible to traders.<\/span> From easy deposits methods to safe wallets for storing your digital assets, and a withdrawal channel that sees payments go straight to your local bank.\u00a0<\/span><\/p>\n Ethereum is a digital asset that runs on the blockchain. You can transfer from one wallet to another if it is located in another wallet or exchange. If you do not have a crypto wallet, you can buy Ethereum<\/a> on eToro.<\/span><\/p>\n Purchasing Ethereum on eToro is an easy process. However, you can not buy Ethereum from this broker if you are not a verified user. To become one, you have to get your account up and running, fulfill the necessary KYC procedures, and integrate acceptable payment channels for your deposits. Impressively, eToro accepts deposits from local banks, credit cards, or third-party payment gateways like PayPal, Neteller, or Skrill.\u00a0<\/span><\/p>\n Ethereum price on eToro<\/span><\/em><\/p>\n If you have completed your deposit to your eToro trading account, then you can purchase Ethereum straightaway. You can also find a comprehensive guide on how to buy crypto on this platform from eToro.<\/span><\/p>\n If you are trading Ethereum, the motive is often to generate some profit. The same applies to other digital currencies which are naturally volatile. You have to evaluate your position to determine your profit margin before disposing of the crypto. Thankfully, the price momentum of cryptocurrencies can be tracked using the trading chart. One can easily access historical information from the period of entry to the speculated exit zone.\u00a0<\/span><\/p>\n Ethereum chart on eToro<\/span>\u00a0<\/span><\/em><\/p>\n eToro has a great trading view to track the history of any digital assets. The time frame can be adjusted to view the price momentum that took place in weeks, days, hours, or even minutes. To evaluate Ethereum’s movement in a particular time frame, you have to click on Ethereum in eToro’s crypto window.\u00a0<\/span><\/p>\n For advanced crypto traders, there might be other digital assets in your portfolio. In eToro, you can trade multiple cryptocurrencies at the same time. If you want to sell one of your holdings, like Ethereum in this context, it is necessary that after tracking its performance, you also overview your crypto portfolio.\u00a0<\/span><\/p>\n The platform allows you to sell any amount of Ethereum. However, withdrawals require at least $30 in your available balance. Withdrawals might also be susceptible to limits depending on your channel.<\/span><\/p>\n eToro overview <\/span><\/em><\/p>\n To take a look at your crypto portfolio on eToro, simply click “portfolio” at the top left as seen above. This would bring you to a list of active positions, click on Ethereum and close the trade.\u00a0<\/span><\/p>\n The approximate value of Ethereum you have on eToro can be accessed once you take a look at your portfolio. Since cryptocurrencies are naturally volatile, the value might continually change until the position is closed.\u00a0<\/span><\/p>\n The broker eToro does not charge withdrawals from the crypto itself, no broker does. You have to close the position yourself and see it reflect on your available balance. Of course, you can decide to partially or close your position, it’s entirely up to you.\u00a0<\/span><\/p>\n Closing a trade on eToro <\/span><\/em><\/p>\n First of all, after clicking on the portfolio and viewing your total holdings. Click on Ethereum, this would prompt you with a box that would detail your trade volume on Ethereum. Specify the amount you wish to sell and click “close position”. The value naturally reflects instantly on your available balance, after then, you can proceed with a withdrawal using the acceptable channels.\u00a0<\/span><\/p>\n A key consideration when you want to sell cryptocurrency<\/a> is to understand the withdrawal procedure required by the broker you’re using. The major requirement across the majority of brokers and exchanges is being verified, some provide the option to go for a 2-factor authentication while some allow access once they have a few details about you. Other withdrawal criteria include being located in areas that the exchange offers services. The option to integrate a suitable payment channel is often necessary as well.\u00a0<\/span><\/p>\n 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. This reflects in the starting withdrawal fee of $30. 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. Finally, eToro demands that your account be verified. You can detect if your account is verified once you observe a green tick at the top of your profile.\u00a0<\/span><\/p>\n You can also enjoy great exchange rates for multiple fiat pairs on eToro including EUR\/USD. There is a dedicated page to access the live exchange rates of these currencies. eToro does not charge fees for USD deposits, but deposits that require an exchange to USD are susceptible to conversion fees. The average withdrawal fee on eToro is $5, which is very feasible.\u00a0<\/span><\/p>\n Just like gold and stocks, the United States Internal Revenue Service (IRS) considers cryptocurrencies as ‘assets’ or ‘properties’. In essence, reporting your tax returns is expected of you to avoid compliance violations. The IRS taxes the profits you make on cryptocurrencies based on the period they have been in your possession.\u00a0<\/span><\/p>\n However, this does not mean that you are liable to pay taxes the moment you use USD to buy cryptocurrency. Judging from your <\/span>Form 1040 tax return<\/span><\/a> guidance, crypto-only becomes taxable when you profit from it. For instance, if you use crypto to pay for goods and services, exchange them for another, or sell them for USD, these events are taxable. The IRS divides taxable events into two categories, short-term capital gain taxes, and long-term capital gain taxes. If you hold cryptocurrencies for less than a year, you are entitled to pay taxes under short-term capital gain. On the other hand, if they exceed a year, you file in the taxes as a long-term capital gain. You also get taxed for other profiting crypto events like staking, DeFi rewards, airdrops, and mining.\u00a0<\/span><\/p>\n To reconcile your capital gains and losses, you can use <\/span>Form 8949<\/span><\/a> to report them on your Form 1040 using <\/span>Scheduled<\/span><\/a>. If you want to learn more about your tax liability, you can find relevant information on the <\/span>IRS site<\/span><\/a>.\u00a0<\/span><\/p>\n Cryptocurrency exchanges are the platforms that investors leverage to effectively trade digital currencies. These exchanges perform other functions like storing digital assets, offering a peek into the current action of the crypto market so traders can make good decisions. Cryptocurrency exchanges are indispensable to any crypto investor.<\/span><\/p>\n There are so many crypto exchanges out there, a lot of them are quite similar which makes it a little difficult to determine the perfect one for you. The major features that make a crypto exchange stand out are if the exchange is secure, convenient, and does not cost so much. Security and customer support are paramount as well as efficiency, it is also a welcome addition if the exchange is not so demanding. Judging from the average needs of crypto traders, notwithstanding the level, experts uphold the exchanges below as the industry standard. You can navigate any of them and see why it is so.\u00a0<\/span><\/p>\nOn this Page:<\/h2>
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How to Sell Ethereum in 2025 Step by Step<\/b><\/h2>\n
Step 1: Buy Ethereum\u00a0<\/b><\/h3>\n
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Step 2: Sell at the Right Time\u00a0<\/b><\/h3>\n
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Step 3: Evaluate Your Crypto Portfolio<\/b><\/h3>\n
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Step 4: Close Your Ethereum Position\u00a0<\/b><\/h3>\n
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Withdrawal Requirements and Exchange Rates\u00a0<\/b><\/h2>\n
Crypto Taxation in the US\u00a0<\/b><\/h2>\n
Best Crypto Exchanges to Sell Ethereum<\/b><\/h2>\n