Introduction
As the cryptocurrency market continues to evolve, Ethereum (ETH) has established itself as a key player. This article will guide you through the process of selling Ethereum, highlighting its history, the technology it's based on, and the most efficient ways to trade it.
Understanding Ethereum: Beyond Just a Cryptocurrency
The Genesis of Ethereum
Ethereum was proposed in late 2013 and went live in 2015, created by Vitalik Buterin and a team of co-founders. It's more than just a cryptocurrency; it's a platform for decentralized applications (dApps) and smart contracts, offering a broader scope of applications compared to Bitcoin.
The Technology Behind ETH
Ethereum runs on a blockchain network, utilizing a decentralized public ledger to record transactions. Its unique selling point is the smart contract functionality that automates and executes contracts when certain conditions are met, without any intermediary.
Selling Ethereum: Platforms and Strategies
Choosing the Right Exchange
There are numerous cryptocurrency exchanges where you can sell Ethereum. Some of the most renowned include:
Strategies for Selling ETH
Understanding market trends and the timing of your sale is crucial. It's advisable to monitor the market conditions, as Ethereum's price can be volatile. Utilizing trading tools like stop-loss orders can help mitigate risks.
Ethereum and Its Market Dynamics
Evaluating Ethereum's Market Trends
The value of Ethereum, like other cryptocurrencies, is influenced by various factors, including market demand, technological advancements, and overall market sentiment. Staying updated with the latest Ethereum news and developments is essential for any seller.
The Future of Ethereum
Ethereum's ongoing transition to Ethereum 2.0, which aims to improve its scalability and energy efficiency, is eagerly anticipated in the crypto community. This upgrade could significantly impact its value and usability.
Conclusion
Ethereum is not just another cryptocurrency; it's a pioneering platform that has opened new avenues in the blockchain space. Selling Ethereum requires an understanding of the market, the platform’s technological underpinnings, and a well-thought-out strategy.
CoinTiger is incorporated under the laws of the Republic of Singapore and works as a centralized exchange. It offers BTC, ETH, USDT, TRX, XRP markets, as well as trading pairs against bitCNY token.
Coinut is a Centralized cryptocurrency exchange based in the N/A. The exchange was launched in 2013. Its reported volume is about 33023 $ as for 8 October 2019.
Coinut has 27 available trading pairs and 10 coins. Deposits are on the exchange.
Coinut doesn't have Fiat deposits option. Margin trading...
CoolWallet is a Bluetooth hardware wallet for managing Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, and ERC20 Tokens. It represents a cold storage wallet that can be used as the Android/Apple mobile app.
CPDAX was established in 2017 and stands for the “Coinplug Digital Asset Exchange”. It accepts KRW (Korean Won) deposit and withdrawal. This exchange is the development of the Coinplug blockchain technology company.
CredoEx was introduced to the market by BitBounce in 2018. At the moment, the company’s website is down and Twitter media has not been updated since mid-2019
Cryptopia exchange was closed after a theft that took place in early 2019. Cryptopia was established in New Zealand in 2014. Its website had been publishing updates on the liquidation process until the mid-2019.
A safe and secure crypto wallet that helps to manage assets and provides the possibility for players to authorize on DAOPlatform, play games and receive real-time payouts. DAOWallet is the key to the DAOGroup ecosystem and acts as a payment gateway for game developers, operators, validators and affiliates.
Dcoin exchange is the digital asset trading platform supporting multiple chains. It was launched in 2018. Dcoin covers USDT, BTC, ETH and ETF markets.
Dex.top is a decentralized cryptocurrency trading platform offering trading with smart contracts (including but not limited to Ethereum, EOS and NEO). The platform describes itself as World’s First Multi-Chain Decentralized Exchange and claims to have top volume among other decentralized exchanges.
DOBI is a digital asset trading platform. Apart from the English version, the website has also Chinese and Portugese versions.
Dove Wallet is the easiest service to deposit, transfer, trade cryptocurrency. The service hopes anyone can enjoy their financial life anywhere, anytime. Dove Wallet provides cryptocurrency trading markets, and transfer service currently. The platform distributes daily bonuses according to the user's total balance and trading volume and also, allocates some portion of the gathered trading fee to users back.
DragonEX is the trading platform, which covers BTC, ETH, USDT markets as well as provides pairs against DX, the platform’s native token.
DSX is a cryptocurrency exchange founded in the United Kingdom. The platform has high trading volume and a wide range of pairs to trade with.
Eidoo is a decentralized light wallet supporting Bitcoin, Litecoin, Ethereum, and numerous ERC20 tokens. Moreover, the platform provides many other services including the cryptocurrency exchange, debit cards, etc. It was developed by an eponymous Swiss company and launched in 2017. One of the purposes named by the company is providing transparent, secure, and easy to use service for managing finance to Eidoo's customers. The company is aimed at keeping control over assets in the hands of customers.
Enjin mobile wallet was developed for handling multiple digital assets, such as BTC, ETH, BNB, LTC, as well as ERC-20, ERC-721, and ERC-1155 tokens. A user owns private keys and can restore access via a 12-word passphrase.
EO.Finance is a licensed crypto wallet with support for more than 40 currencies and debit/credit card payments. Members may use their crypto and fiat funds with EO Card, connect their card to any of the 50+ currency accounts and the user will have immediate access after registering. EO.Finance allows users to buy cryptos easily and safely with debit or credit card. Additionally, users will be able to withdraw cash from any ATM anywhere in the world and perform wire transfers for both the deposit and withdrawal of funds, meaning users can withdraw their fiat currencies directly from EO.Finance.
Escodex was a crypto exchange based in Estonia. It was closed on October 15, 2019. The exchange published the notice prior to the termination, in September 2019. Users were given a month to withdraw their funds.
The EtherDelta exchange is a cryptocurrency trading platform based on the Ethereum blockchain, as well as ERC20 standard tokens. The exchange was established in Chicago in 2017. Right after launch, EtherDelta became a favorite of traders due to its unique design of using smart contracts to manage trading through user wallets without additional registration.
The Ethereum Wallet allows you to make two kinds of wallets - a simple wallet and a multisig wallet. The wallet runs on top of a full node so, be patient, it will take a while for the blockchain to be downloaded on your PC. As of 22nd of January 2016 the blockchain is 2.5 GB in size, depending on your internet connection speed it can take anywhere between a 20 min and a few days.
EtherFlyer is a decentralized exchange started in 2018. It maintains trading with pairs structured against BTC and ETH.