Dec 19, 2024
Ibiam Wayas
Ethereum (ETH) is the second-largest cryptocurrency with a market cap of $464 billion. So far this year, the price of Ethereum has increased by more than 69.1%.
So, If you invested $1,000 in Ethereum earlier this year, your total holdings would have increased by an extra $690 profit.
Ethereum, like all other cryptocurrencies, is a fungible asset, meaning it can be freely exchanged for other commodities or forms of currency, such as fiat. In this story, we will 4 show you ways you can sell your Ethereum.
Centralized exchanges are one of the most popular places to sell Ethereum. They act as intermediaries between buyers and sellers. Examples include Binance, Coinbase, Bybit, etc.
Decentralized exchanges (DEXs) like Uniswap, SushiSwap, and Kyber Network allow users to trade directly with each other without an intermediary.
Over-the-counter (OTC) platforms are used for large transactions, especially by institutions, and high-net-worth individuals. They offer more privacy compared to regular exchanges. Plus, you often get a dedicated broker to help with your transaction.
You can also sell your ETH directly to buyers on P2P platforms. There are multiple payment options, such as debits from your bank account, PayPal, and even cash. However, you might not be able to find a buyer quickly.
Next Up