How do you sell Ethereum (ETH) for USD or crypto?
David Whether you’ve earned Ethereum through mining or purchased ethereum, there may come a time where you want to cash out some of your stash for good ol’ fashioned U.S. dollars. I can’t blame you. Sometimes you need to pay the bills, and most businesses don’t accept crypto as currency.
The easiest and cheapest way to sell Ethereum is by using an exchange with an ETH/USD pairing. In this brief article, I’ll walk you through the selling process on three of the most popular exchanges used to sell Ethereum.
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Coinbase
Coinbase is the simplest platform to sell Ethereum on. They have web and mobile interfaces that you can use to sell, but I’m only going to cover the web platform here. The steps to sell on the mobile app are almost identical.
First, create a Coinbase account and enter your bank account information. After that, you need to send your Ethereum from its current wallet to your Coinbase wallet.
Navigate to the “Accounts” tab and tap the “Receive” button for your Ethereum wallet. You’ll be shown the public address to which you can send your funds.
After sending your Ethereum to your Coinbase wallet, click on the “Buy/Sell” tab. Then, select the “Sell” option and make sure your currency is set to Ethereum.
Gemini
Gemini is another exchange you can use to sell your Ethereum for USD. The platform is slightly more complicated than Coinbase and is only on the web.
To sell Ethereum through Gemini, you first need to create a profile and attach a bank account. Next, navigate to the ETH deposit section of the platform via the “TRANSFER FUNDS” tab at the top of the screen.
Here, you’re given a public address that you can transfer your funds to.
With Ethereum in your account, click on the ETH → USD option under the “SELL” tab. You can sell your Ethereum just as you would trade any other cryptocurrency by placing an order or taking an order off the books.
Kraken
To sell your Ethereum on Kraken, you once again need to create an account and connect to your bank. You additionally need to get Tier 1 verification by entering your full name, date of birth, country of residence, and phone number.
Once verified, you can move your Ethereum to Kraken by navigating to the “Funding” tab. From there, just choose “Ether” and generate a new address to send your currency to.
Similar to Gemini, you can either place an order or fill one that’s already been placed when selling.