How to Sell Ethereum: 2021 Guide for Beginners

The process of selling Ethereum is as simple as buying an Ethereum. Choose an exchange that operates in the UK and set up an account. However, to sell Ethereum, you'll need to connect your bank account followed by additional details. Once it's done, you've got two options either to sell your Ether for fiat or trade it with other currency.

The selling of Ethereum is simple. Set how many Ethers you want to sell and what currency you'd like to sell. However, the exchange rate is calculated on the current market rate, and once you complete the trading, you can withdraw funds into your bank account. But, you will need to pay a certain fee when availing of exchange. Apart from that, there is another way too,

Peer-To-Peer Trading

If you want to skip the hassle of connecting a bank account and other lengthy procedures, you can also go for peer-to-peer exchange. Also, this is completely decentralized. However, you need to keep that in mind that when availing peer to peer trading option, you need to deal with individuals and not any corporation. Therefore, you need to be very careful, taking all the precautionary measures. To be on the safe side, double-check the public address when sending the amount.

Ether Selling Strategies

• Active Trading

Active trading requires a lot more time and knowledge. While active trading is a part of traditional trading strategy, but the market of cryptocurrency is completely new and unpredictable. Meanwhile, running a traditional approach might not be the right strategy.

If going with active trading, you'll need to monitor the market and the price fluctuation on a regular basis. The golden rule applies here to buy low and sell high. So, all that you need to do is wait for the right moment and sell when it goes high.

• Holding

Buy and hold is undoubtedly the most common strategy amongst the general investing population. Running a long-term strategy will bring exclusive growth. In fact, the market of cryptocurrency is volatile, but it has shown promising results in due time. Ethereum on the other hand has a strong market reputation, and its undisputable track record will reap you a good earning. Meanwhile, sellers have the opportunity to either exit the position fully by selling every token or selling them in chunks when prices hit high.

Selling Ethereum Mined from Pool

After you join a mining pool, you'll need to provide an address to the pool where all the rewards will be sent. However, exchanges don't recommend sending rewards to exchange wallets as the address changes from time to time. That won't stop you from selling your received rewards. All that you need to do is take an extra measure by setting up a local wallet. Once you receive the reward, simply transfer the coins to your exchange wallet.

Final Wrap

There are numerous ways to invest in cryptocurrency. If you are a beginner and want to understand the market of cryptocurrency, you can get the assistance of experts and start the journey.