Whether you’ve earned Ethereum through mining or purchased ethereum, there may come a time where you want to cash out your Ethereum to cash. Ethereum is known as one of the most popular cryptocurrencies available. There are a number of ways by which you can convert Ethereum to cash. These include converting Ethereum through some exchange, cashing out it by the peer to peer trading. converting Ethereum to USD and exchanging it through other cryptocurrencies. These are all quick and commonly used methods to cash out Ethereum in a short time. Let find the details about each method.
- Convert Ethereum to USD
- Withdraw Ethereum through your wallet
- Selling ETH for cryptocurrency
Convert Ethereum to Cash
When it is discussed converting Ethereum to US dollars, they’re either talking about the value of Ethereum in comparison to dollars or how to sell Ethereum and turn it into cash. Here are two ways to convert Ethereum to USD:
- Using an Online Converter
- Choosing an exchange with an ETH/USD pairing
Using Online Converter
- Here are steps to follow to complete this convert ethereum to cash like USD.
- Now find out how much your Ethereum is worth with a basic converter.
- Compare the price at exchanges with a more detailed price chart.
- Evaluate highs and lows to determine the best time to sell.
Trading Ethereum on an Exchange
Follow the steps below:
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- Choose an exchange with an ETH/USD pairing
- Create an exchange account if necessary.
- Link a bank account to receive your funds.
- Send your Ethereum to your exchange account.
- Now place an order to sell your Ethereum for US dollars. Once your exchange account is funded,
- Withdraw your cash to your bank account.
Withdraw Ethereum through your wallet
The customers on the ethereum network need a wallet in order to buy, sell, and hold Ether. Follow the steps below:
- Choose a wallet for Ethereum.
- Go to the Wallet tab and click the Withdraw button in the upper right corner of the screen. or, go to your Dashboard on the website, find Ethereum and click Withdraw button next to it. This process will let you to convert ethereum to cash.
- Enter the desired amount of coins.
- Put your wallet address in the Address bar and hit the Withdraw button again.
- Finally, your coins are on their way to the wallet!
Selling ETH for cryptocurrency
If you want to convert your ETH tokens for cash or another digital currency, here’s what you need to do:
Register on an exchange that lists ETH. Once you’ve chosen an exchange, sign up for an account by providing your email address and creating a password. Deposit ETH into your account. Now it’s time to transfer the ETH tokens you want to sell into your exchange wallet. To do this, you’ll need to find out the ETH address of your exchange wallet and then use this to transfer the tokens over from the wallet where you’ve been holding them. Finally Sell ETH.
After the depositing of Ethereum tokens in your exchange exchange, you can click through to the trading section of your chosen platform. After this, it’s a matter of searching for the exact pair you want to trade, such as ETH/BTC, and then entering how much ETH you want to sell or how much BTC you want to buy. Pass on your new digital currency to a secure wallet. Now that you’ve acquired a new digital currency, remember that storing your coins or tokens on an exchange for the long-term isn’t recommended.