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Learn a Simple Way of Selling Ethereum for USD

02/25/2019
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The sale of Ethereum is becoming an increasingly popular operation among users. After all, the value of this money unit is growing, and people want to profit from their investments. Taking into account the number of available options, it may be difficult for the one to pick the best one. If you are faced with this problem, we are ready to guide you on the matter.

Before making a choice on Ethereum selling options, we would recommend that you compare each of them taking into account the following indicators:

  • Transaction security - Not all transaction methods will be reliable. It is necessary to choose only proven transaction solutions;
  • Transaction speed - This characteristic is highly important if you lack the time and need to sell Ethereum quickly;
  • Benefit - It is also worth paying attention to the commissions and profits for operations being carried out;
  • Convenience - If you do not want to spend a lot of time to understand the functionality of platforms or services, it is better to choose simpler sites.

With all these criteria in mind, we have picked for you the most popular options for selling Ethereum. You can simply choose the one that suits your specific situation best.

Option #1 - Sell ​​Ethereum to a Private Merchant

Each user has the option of selling digital money to private merchants. To do this, you only need to find a buyer interested in a purchase. You can use forums and other specific sites for this purpose. On the portal, you can find a section where people trade in crypto-money. As a rule, these are the most profitable deals - you will not need to use intermediaries who you will have to pay a commission. You can also set your price and find a buyer who agrees with it.

It is profitable to sell Ethereum in this way; however, there are some drawbacks as well. Unfortunately, there are risks of meeting scammers and people who want to cheat you. To avoid such situations, you will need to check merchant’s profile on the forum. Therefore, it is better to think a few times before making such a deal.

Option #2 - Sell Ethereum Through Online Exchangers

The most convenient way to make a deal is to use currency exchangers. We would recommend you to use proven platforms that will help you accomplish any transaction quickly. Only reliable and trusted online services display the most up-to-date information about the cryptocurrency exchange rates in various online exchangers around the world.

Before you sell Ethereum in the exchanger, you should know that there are two types of such systems: decentralized and traditional networks.

Traditional platforms work according to the well-known scheme:

  • You open a website and choose the currency you want to sell;
  • You transfer the required amount to the account and enter the address of your online wallet where you want fiat to land to;
  • The service processes your request and makes an exchange transaction.

Almost all currency exchange platforms do not even require users to register. You can issue a deal in a couple of minutes. The transfer is often carried out within five minutes.

As an alternative solution, you can sell ETH in decentralized exchangers. These services offer users to find each other on the website themselves. You will see the user's offer to buy or sell any digital money unit, his preferred payment systems, amounts, rate, and other important information. Such methods are not the safest ones, but services check scammers and ban them immediately. You can see the rating of each user as well as reviews of other traders about this person. So it will not be a problem for you to get a serious trader.

Among other drawbacks of using exchangers, you can face quite high commissions. That is why we would advise you to check commission amounts in advance. Some sites do not even indicate the percentages, and then it turns out that you get less than expected. To reduce the risks of such cases, check everything beforehand.

Option #3 - Use Specialized Cryptocurrency Exchange

Using cryptocurrency exchanges for exchanging money is a common practice among users. For many platforms, the big number of users who carry out such transactions is very profitable - their cash flow increases, which brings some profit to the company in the form of commissions.

But before you make a transaction, you will need to select the appropriate resource. When choosing a cryptocurrency exchange, you should pay attention to the following features:

  • The possibility to start trading without passing the verification - this will speed up the exchange process;
  • The presence of fiat currency in the list of cryptocurrency pairs - if you want to sell Ethereum for Euros or Dollars, you will need to find a stock exchange that works with these currencies;
  • Reliability and safety - It will be enough to choose a well-known platform. If a lot of users trade on it, then it will be suitable for you as well.

How to sell ETH on cryptocurrency exchanges?

  1. First, you need to go to the official website of the platform and register an account there.
  2. Charge your “account” with the amount of Ethereum you want to sell (you won't have to pay for this operation).
  3. Place an order. You create an offer to sell Ethereum in a special section. By the way, you can yourself indicate the amount you want to get from the buyer. It is the price that will define the speed of the operation.
  4. After finding a buyer for Ethereum, you can withdraw the fiat from the website (your account on the website). For this, you will have to pay a minimum commission.

It is worth noting that the use of cryptocurrency exchanges for selling ETH is the safest option for your deal. It is also convenient since you can choose the price yourself. But for this, you will have to study the market a bit in order to set acceptable parameters for the transaction.

Regardless of the option you choose for selling Ethereum, this operation will require some time from you. In any case, you will need to create a profile, make a transfer, place an order, wait for the client, and then withdraw the fiat. Therefore, if you are in a hurry to receive funds, it is better to choose another option for processing the transaction.

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