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How to sell Ethereum, Ether, ETH?

Even though the Ether has managed the market turbulences at the beginning of 2018 very well and can still be seen as an attractive investment:

Der Beitrag How to sell Ethereum, Ether, ETH? erschien zuerst auf ETHBLOG.

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Even though the Ether has managed the market turbulences at the beginning of 2018 very well and can still be seen as an attractive investment: Anyone who has bought Ether (ETH) wants to sell Ethereum again at some point.

A distinction must be made between an exchange in fiat money, such as the Euro or the US Dollar, and an exchange in another cryptocurrency. Furthermore, there is also the possibility to conclude a forward trade by selling Ether (without actually owning the coins) and thus profit from falling prices. I will go into all three cases in more detail below.

1. Exchange Ether for fiat money (e.g. Euro or USD)

The exchange in fiat money is simply the sale of your Ether and the credit of the returns in Euro or USD to your bank account, your credit card or any other method of payment of your choice.

Step 1: Determine the best exchange rate

First you should find out which provider offers you the most fiat money (EUR or USD) for your Ether. Although the numerous price tickers usually show a similar price per Ether, the prices on the individual exchanges can differ significantly. For this reason, it is advisable to first take a look at the various online exchanges and their current prices.

One service that offers a great overview is Cryptowatch. Here you can see at a glance the most important crypto exchanges, and even almost in real time the price on which Ether was sold here recently. Below is a screenshot showing the price per Ether at the different exchanges. Only exchanges that exchange in Euros and/or USD are listed. Exchanges that also support other currencies can also be displayed if required.

Sell Ethereum via Exchange
Source: Cryptowatch

In this example of Cryptowatch (from 2017) it can be seen that there is a price difference of over 20 EUR per Ether. With Kraken you get 148,09 EUR and with Quoine only 126,74 EUR for each Ether. In addition, the EUR / US Dollar exchange rate should always be kept in mind. With Coinbase¹, for example, a change at a rate of 174.96 USD is the best price per Ether also in EUR, because this corresponds to approx. 154 EUR. However, there is also the currency risk, and later a small exchange fee of USD to EUR in case you want get Euro. However, these amounts are usually insignificantly small and depend on the bank or fiat money Institute that makes your withdrawal.

Step 2: Register at a Crypto Exchange

Once you have determined the best exchange rate at a crypto exchange, you have to create an account there. This is usually free of charge.

Note: If you are thinking about trading more frequently with Ether on exchanges, we also recommend an account with a service like Cryptowatch. There you can buy or sell your Ether directly at the desired exchange with a few clicks. However, this service costs about 15 USD/month. So it’s only worth it if you want to trade Ether more regularly.

Step 3: Sell Ethereum on an crypto exchange platform

After you have registered at a crypto exchange platform or service provider for Ethereum, e.g. Coinbase¹, you can sell your ETH there.

If you want to sell Ethereum from your local offline wallet there, you must first “transfer” it to your Coinbase online wallet. First determine the ETH address of your online wallet.

Transfer Ethereum

Afterwards open your offline wallet (e.g. MIST) and click on “send” there.

Transfer Ethereum and sell Ethereum

Then enter the ETH address of your Coinbase online wallet. Afterwards enter the amount of Ether you would like to transfer and click on “Send”.

The defined amount of Ether is then transferred to your Coinbase online wallet. In Coinbase, you can then sell Ethereum to Coinbase via the menu item “Sell”. The amount in Euro or USD will then be credited to your bank account.

2. Exchange Ethers into other cryptocurrencies

The procedure for selling Ether in other cryptocurrencies is a bit easier than exchanging it for fiat money. There are basically two possibilities.

Option 1: Exchange via exchange platform

Similar to exchanging Ether for fiat money, an exchange platform can also be used when exchanging for another cryptocurrencies. Cryptowatch helps you to find the best platform for a currency pair. The following example shows under which conditions Ether can be exchanged for Ripple on Binance¹ or Bittrex.

Cryptowatch price for Ripple

This option can make sense if you have already deposited your ETH credit in an online account at one of the crypto exchanges. Please consider that this is not advisable. The credit can disappear very quickly from the platform in the event of a hacker attack. Howerver, in this example, due to the availability of the coins in the online wallet of the platform, you are only one trade away from owning the new currency.

Option 2: Exchange via crypto-exchange

If you keep your ETH balance in your own wallet and therefore not within the control of a central institution (which is recommended), it would be quite complicated to do the exchange via an exchange platform. First you would have to transfer the balance of Ether to a exchange platform, exchange it there and then transfer the new currency to another wallet. In addition, the transfer of credit between different wallets and service providers can incur fees that make the exchange very costly. If you want to exchange Ether directly from one wallet into another currency (and another wallet), exchange service providers such as Changelly¹ are recommended.

Consider: In addition to the Ethereum Wallet, you will also need a wallet of the currency you wish to buy.

Sell Ethereum via Changelly

After entering the two currencies and the wallet addresses, the transaction can be started. The exchange rate offered by Changelly was quite similar to that offered by the crypto exchanges at the time we tested it. At Changelly, we got 98.5 ripples for 0.1044 Ethers. With a direct exchange at Binance we got approx. 1.5 ripple (about 1.5% more) at the same time. You do not have to register with Changelly and you save the fees which may be incurred when transferring from the currency exchange to the Wallet.

3. Conduct a forward contract for the sale of Ether

As a third option, I have included the sale of Ether as a forward trade through the use of CFDs. CFD stands for Contract of Difference. That’s an agreement between two parties on the difference between the current and future value of an object. The parties shall specify the underlying object of the transaction. The object is therefore often called an underlying. For example, shares, commodities or even cryptocurrencies can serve as the underlying. It is important to note that when trading CFDs you do not physically own the underlying (in our case Ether). The value of the CFD is only linked to the performance of the Ether.

Assuming you want to bet on a falling price of Ethereum. Then you would take a selling position at an Ethereum CFD. If the Ethereum price at the end of the contract period is less than the price at the beginning, you will receive the difference. Optionally, a leverage can often be defined for such a transaction. The leverage multiplies the profit achieved, but also a possible loss in value.

Opportunities and risks in trading CFDs

As described above, it is possible to profit from both rising and falling prices with a CFD (and lose money if the course goes into the wrong direction). Other advantages of trading cryptocurrencies with CFDs are that no wallet is needed, the CFD traders are usually regulated and there is often the possibility to multiply the profits with a lever. These advantages are contrasted by the fact that the functionality of CFDs is not easy to understand. Because of that the loss rate (up to max. 100% of the capital investment) is often slightly underestimated when using a lever.

For this reason, it is very important that you familiarize yourself with the functionality of CFDs before trading. A CFD Broker offering a Training-Account and a 24/7 information hotline for this purpose is Plus500². The service provider also has a very clear platform and charges no commissions for trading CFDs. Financing is done via the spread, i.e. the difference between the purchase price and the sales price of the contracts.

²Affiliate link. 80.5 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500UK Ltd authorized & regulated by the FCA (#509909). CFDs are complex instruments and are associated with the high risk of losing money quickly due to the leverage effect. Between 74 % and 89 % of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Summary

If you want to exchange ETH for fiat currency, you should first check which exchange platform offers you the best price. Cryptowatch can be very helpful here. Afterwards you can register at the respective exchange service provider, such as Coinbase¹ and exchange your Ether for Euro.

In case you want to exchange Ether for another crypto currency, you can do this either via an crypto exchange like Binance¹ or via a crypto exchange service like Changelly¹. Which option is beneficial for you depends on where your Ethers are stored and into which cryptocurrency you would like to exchange them.

If you don’t want to sell Ethereum physically, but want to profit from falling prices at short notice, then CFDs are the right instrument. For example, you can trade Ethereum-based CFDs on Plus500². The platform also gives you the opportunity to learn more about how CFDs and other financial products work.

Please note: Just as with the crypto currencies themselves, CFDs are subject to high price fluctuations (volatility). This means that you should only invest the money that you are prepared to lose in the worst case. Furthermore, this contribution does not constitute investment advice.

I wish you a lot of fun and success!

¹Affiliate link
Note: The content on ethblog.de is for information purposes only and does not constitute investment advice or any other recommendation within the meaning of the Securities Trading Act.

Stephan Niedermeier

Stephan is member and co-founder of Coinauten, a network of experts on cryptocurrency and blockchain technology. He has already founded several successful technology companies and is a Blockchain investor from the very beginning. Stephan advises investors and companies on strategic and technological issues.
TwitterLinkedInhttp://niedermeier.io

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Source: https://ethblog.de/en/how-to-sell-ethereum-ether-eth/

Blockchain

SafeEarth Donates $100,000 to TheOceanCleanUp Kicking Off Blockchain Eco Project

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SafeEarth

Bitcoin Press ReleaseBlockchain eco project SafeEarth has donated over $100,000 to TheOceanCleanUp charity with more donations planned for other global charities. 

 

16th April, 2021, London, UK SafeEarth, a blockchain eco project, has donated over $100,000 to community selected charity TheOceanCleanUp. The donated funds will help towards the removal of plastic waste from the planet. This generous donation represents the first act of SafeEarth’s continuing initiative to help charities across the globe. 

 

The money was raised from SAFEEARTH token transaction fees. From each token transaction a portion of the fees will continue to be used for further donations to charities that focus on green initiatives as SafeEarth looks to effect a lasting and positive change on the planet.

 

The Ocean Cleanup Head of IT Steven Bink offered his thanks to Safe Earth on Twitter, stating: 

 

Dear SafeEarth community. On behalf of the entire crew at The Ocean Cleanup, I would like to thank you for this very generous donation. We are also honored that you chose The Ocean Cleanup to be the first charity to receive this gift from @SafeEarthETH”

 

Safe Earth & Earth Fund

Deforestation, pollution, global warming and many other factors have had an adverse effect on the environment for decades. As the world shifts more towards renewables and eco-friendly alternatives, initiatives like that of  Safe Earth represent a changing mentality in industry 

 

SafeEarth’s sole focus is to generate capital and build a community which is able to repair the ecological damage done to the planet. Safe Earth also collaborates with another green charity called The Earth Fund, which has raised around 50 ETH ($125,000 at the time of writing) to be used for similar causes. 

 

#PlasticChallenge

As a part of their plan to raise awareness for ecological causes SafeEarth have also started a #PlasticChallenge on twitter, which urges people to get rid of plastic waste. The challenge (which launched on 27th of March) rewards users from a prize pool of $3,600 in SAFEEARTH tokens. 

 

In the short time since the challenge began the SAFEEARTH token has been listed on the number one DEX Uniswap, recorded $3 million in trading volume and locked away more than $1.5 million in liquidity. 

 

SAFEEARTH Token Burn & Benefits

The SAFEEARTH token is a deflationary asset that uses an autonomous yield and liquidity generation protocol. Each transaction charges a total of 4% in fees, which is then broken up evenly with 1% going to charities, 1% refunded to holders, 1% for advertising and 1% token lock-ups to increase liquidity. By burning at least 50% of the total supply after launch, (which will go to a black hole address) SafeEarth ensures increased token scarcity and liquidity. 

 

$SAFEMARS

$SAFEMARS is the sister token to SafeEarth and available on PancakeSwap exchange. The token uses very similar tokenomics to SAFEEARTH and over 50% of the tokens have already been burned. As none of the transaction fees from SafeMars go towards charity the company has chosen to give more back to users, with a total of 2% going instantly back to the holders wallets and the other 2% is auto-locked to increase scarcity and liquidity. Right now the number of $SAFEMARS holders is growing steadily with 93,699 holders at the time of writing. 

 

Save Earth Through Safe Earth

Harnessing blockchain technology through it’s unique protocol in the interest of both charitable giving and community incentives is helping SafeEarth to stand out from its competition. This $100,000 donation is just the beginning of the company’s mission to effect a lasting and positive change to the planet. 

 

SafeEarth blockchain eco project is already gearing up for another large donation with another 35 ETH (roughly $87,600) reserved for 5 charities that focus on humanitarian causes, such as access to clean water and wildlife preservation. The charities will be chosen by the SafeEarth community and will be announced on Earth Day, April 22nd, 2021. 

 

Media Contact Details 

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: press@bitcoinprbuzz.com  

 

Learn more about SafeEarth https://safeearthcrypto.com/ 

Buy SafeEarth Coin on Uniswap https://app.uniswap.org/#/swap

Take off with SafeMarshttps://www.safemarscrypto.com/index.html

 

About Bitcoin PR Buzz 

Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 9 years. Get your Bitcoin Press Release Distribution today.

 

SafeEarth is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.

 

Source

The post SafeEarth Donates $100,000 to TheOceanCleanUp Kicking Off Blockchain Eco Project appeared first on Bitcoin PR Buzz.

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Source: https://bitcoinprbuzz.com/safeearth-donates-100000-to-theoceancleanup-kicking-off-blockchain-eco-project/

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Blockchain

Did Elon Musk’s ‘jet fuel’ set GameStop (and Bitcoin) ablaze?

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Depending on where you stand on the GameStop saga, which saw organized retail traders extract $6 billion from Wall Street overnight, you may think someone should either take the matches away from Elon Musk, or give him more.

The CEO and “Technoking” of Tesla was accused of pouring “jet fuel” on the GameStop short-squeeze at a critical moment by hedge fund manager David Einhorn, founder of Greenlight Capital, in a letter to investors published Thursday.

Einhorn said Elon Musk and venture capitalist Chamath Palihapitiya were the real instigators behind the short-squeeze, claiming both had supplied “the real jet fuel” for the pump with their tweets and TV appearances.

“We note that the real jet fuel on the GME squeeze came from Chamath Palihapitiya and Elon Musk, whose appearances on TV and Twitter, respectively, at a critical moment further destabilized the situation,” wrote Einhorn, according to Markets Insider.

Amid the orchestrated short-squeeze on GameStop by redditors on r/WallStreetBets, Elon Musk tweeted what some interpreted as his support for the endeavor. On Jan. 26, shortly after GME stock was pumped 91% in a single day, Musk tweeted the phrase “Gamestonk!!” accompanied by a link to the WallStreetBets sub-reddit.

Over the course of the next 24 hours, GME stock soared 134%, climbing from a unit price of $147 to $347. The following 24 hours brought even more fireworks, and by Jan. 28, the value of GameStop shares had hit an all time high of $483 — an 18,693% increase on the stock’s value just nine months earlier.

Chamath Palihapitiya appeared to voice his support for the short-squeeze on Jan. 27, when he told interviewers on CNBC that the GameStop saga was an example of the man on the street pushing back against the man on Wall Street.

Einhorn said that “quasi-anarchy” now reigns, based on what he sees as toothless regulation of the stock market. Einhorn compared the situation, where “the laws don’t apply to [Elon Musk]” to the defunding of the police force.

“Many who would never support defunding the police have supported — and for all intents and purposes have succeeded — in almost completely defanging, if not defunding, the regulators,” said Einhorn.

Previously Elon Musk was suggested to have unduly influenced the cryptocurrency market with his vocal support of Bitcoin (BTC) and Dogecoin (DOGE) via Twitter. Legal professionals suggested in February that Musk’s tweets may have acted as a catalyst for the coins’ gains at the time, and warned that such tweets could attract SEC attention.

Musk laughed off the suggestion at the time, claiming that he would welcome any SEC investigation into his tweets, and that he simply liked “dogs and memes.”

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Source: https://cointelegraph.com/news/did-elon-musk-s-jet-fuel-set-gamestop-and-bitcoin-ablaze

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Blockchain

Turkey to ban cryptocurrency payments

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A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from adding funds to their digital wallets at crypto exchanges.

According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban will come into effect on April 30, rendering any crypto payments solutions and partnerships illegal.

The bank stated, “any direct or indirect usage of crypto assets in payment services and electronic money issuance” will be forbidden.

While banks are excluded from the regulation, which means users can still deposit Turkish lira on crypto exchanges using wire transfers from their bank accounts, payment providers will be unable to provide deposit or withdrawal services for crypto exchanges.

Payment providers and digital wallets are widely used in Turkey to transfer fiat funds to crypto exchanges and vice versa. Major global exchange Binance partnered with local payment provider Papara when they first entered the Turkish market to provide a lira onramp for several different cryptocurrencies. 

This new regulation means that users have two weeks to clear their balances if they exclusively use payment providers as fiat-to-crypto gateways. 

Historically, the Turkish government has always had a tight grip on the payment ecosystem. In 2016, Turkey banned major global payment provider PayPal in the country.

Crypto regulation is a hot topic for Turkey in recent months. Last month, the Turkish Ministry of Treasury and Finance announced that they are monitoring the crypto ecosystem and working with the Central Bank, Banking Regulation and Supervision Agency, and Capital Markets Board to regulate crypto.

Additional reporting by Cointelegraph Turkey’s Emre Günen.

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Source: https://cointelegraph.com/news/turkey-to-ban-cryptocurrency-payments

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