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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

European Central Bank’s president calls for greater regulation of bitcoin.

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According to the Reuters report, the European Central Bank president Christine Lagarde has called for greater regulation of bitcoin and other cryptocurrencies. She linked the use of cryptocurrencies with global criminality and money laundering. ECB chief Lagarde said the digital currency was increasingly being used by criminals worldwide to cover their tracks online and launder money beneath the authorities’ detection. She said criminals are relying on BTC and patchy regulation to move illegitimate money without oversight or supervision.

ECB President calls for more urgency around the global regulation of crypto.

ECB president called for more urgency around the crypto sector’s global regulation and more effort to develop common standards to prevent criminals from abusing digital currencies as a backdoor to money laundering and other nefarious activities. Highlighting the “funny business” going on in BTC markets, Lagarde described cryptocurrency criminality as “totally reprehensible.” “BTC is a highly speculative asset, which has conducted some funny business and some interesting and reprehensible money laundering activity,” she added. Currently, crypto regulations remain in a grey area in most countries, but regulators are catching up gradually. 

Crypto regulations begin to tighten up after bitcoin’s massive rally. 

The most notable example of crypto regulation has been in anti-money laundering, with exchanges and other crypto services now adhering to standardized AML requirements. The news coincides with a rally in BTC prices in recent months, spurred on by an increasing mainstream interest in BTC tokens. This has led to further calls for regulation worldwide, amid fears that more speculators could end up losing all of their money. Combined with soaring rates of fraud and concerns over money laundering and other criminality running through BTC, Lagarde said the time for light-touch regulation of the digital asset was over.

Source: https://coinnounce.com/european-central-banks-president-calls-for-greater-regulation-of-bitcoin/

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Blockchain

Why this on-chain analyst thinks Bitcoin whales aren’t institutions

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While most had high expectations from the crypto-market for the year 2021, it’s safe to say that the market has well and truly exceeded these expectations. Not only did the world’s largest cryptocurrency, Bitcoin, breach the $40,000-mark, but the industry’s cumulative market cap also went past $1 trillion.

Source: CoinMarketCap

The market and its largest cryptocurrency’s movements make for interesting reading, especially when its charts are observed. In fact, price charts noted an almost vertical movement by Bitcoin, suggesting that this bull run has far outpaced the bull run of 2017.

In such a case, the common perception is that the reason Bitcoin has seen such immense buying power is because a majority of this buying has come from institutions. The same sentiment was highlighted recently by Anchorage Co-founder Diego Monica who, while noting that institutions have more tolerance for volatility and are professional investors, said,

“This rally is absolutely followed and made by the institutions.”

As a result of this, investing in Bitcoin becomes less about following a fad and more about making an allocation to an uncorrelated asset class for purposes relating to capital preservation and appreciation. In fact, many have suggested that at current price levels, Bitcoin might even be too expensive for non-institutional investors to enter the market.

However, on-chain analyst Willy Woo isn’t so sure that this bull run is solely institutionally-driven. On a recent episode of the Unchained podcast, he said,

“We thought it would be, and right now the thing is, I don’t actually think that it is.”

According to Woo, Bitcoin’s bull run is being driven by the institutional narrative of institutions getting behind the idea of Bitcoin and crypto. While institutions have been suggesting that they are going to deploy funds, the majority of them are still yet to do so, he added.

In fact, it may be this validation from institutions that brought in many high net worth investors to this space, with family offices buying in at higher price levels.

Woo explained that a combination of things has contributed to his certainty about family offices making capital allocations towards crypto, including first-hand conversations with people in the space disclosing their intent to do so.

That being said, the main part of such certainty comes from his observation of capital flows on-chain. He explained that the value of withdrawals on exchanges is increasing, which at first glance, seemed to signify that institutions are present. However, a closer examination of clusters of wallet addresses pointed to the fact that a single entity controls multiple addresses.

“It’s not corporation scale where you’re talking tens of thousands of Bitcoin that are being held,” he claimed, adding, “The number of whales holding thousand Bitcoins or more is skyrocketing, and so are the smaller allocations of around 100 and 250.”

Source: https://ambcrypto.com/why-this-on-chain-analyst-thinks-bitcoin-whales-arent-institutions

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Blockchain

ETH Price Analysis [WoW]: Ethereum Price Trading at key Pivot, Oscillators Indicate Strong Momentum Despite Overbought Conditions

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  • ETH price breaking key weekly resistances and confirming them as support.
  • Breach of ETH price discovery is to be backed with increasing volume.
  • Oscillators suggesting strong momentum still present despite overbought conditions.

ETH price is currently trading at a true pivot where a bullish weekly candle close will greatly increase the probability of breaking into price discovery. Price action has been making consecutive higher highs and higher lows since it’s March 2020 Bearish Expansion. The projection remains bullish until proven as this is a strong weekly uptrend.

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ETH Price Analysis: Weekly Chart 

ETH price Analysis weekly
ETH price Analysis weekly

Preluding to the chart above, a strong uptrend is evident with continuous acceleration leading to a potential parabola. The 21 MA has provided a reliable Dynamic Support that has led to a strong Bullish Volatility Expansion from the lows. 

Key Weekly S/R levels have been breached with conviction; price action has confirmed S/R Flip retests along the way with further Bullish Volatility Expansions. ETH price trading in such a volatile range is deemed to have strong swings thus evidently, the volume profile has been increasing. 

Volume influxes are a key indication of a strong uptrend as bullish volume follow through is what drives price action. As evident on the chart, there has been a Volume Climax Node. Bearish volume is still below average as the current weekly candle trades open. For further follow through, an influx in volume is required to break the All-Time High with persuasion. 

The current shape of the weekly candle is of a Bullish Hammer; however, this is not confirmed until an official close. There has been a strong buy-back from the S/R Flip Retest which is indicative of strength. The next weekly candle open will be deemed telling of the overall direction of the trend. 

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Now holistically assessing the oscillators, momentum is still intact with the bulls, epically how the stochastics have been behaving.  

ETH Price Analysis: Weekly Stochastic oscillator

ETH price Analysis weekly: Stochastic oscillator
ETH price Analysis weekly: Stochastic oscillator

As evident, each and every bull cross has led to a substantial Bullish Volatility Expansion in price action. The stochastic helps to monitor momentum in the prevailing trend. It can remain trading in overbought regions for an extended period of time, epically in a strong up trend. Ethereum has an immediate Bull Cross coming to fruition, this will be confirmed on the next weekly candle close. Holding true will store momentum for the break of the All-Time-High. 

ETH Price Analysis: Weekly Relative Strength Index [RSI]

ETH price Analysis weekly: RSI
ETH price Analysis weekly: RSI

Furthermore, observing another key oscillator is the RSI that is responsible for measuring the speed and velocity of price action. Preluding to the image above, Ethereum’s RSI is considered to be in overbought regions however back testing swing high. This is considered to be very bullish if respected, breaking down will mean a reversion in price action. As long as the RSI and Stochastics maintain their respective bullish control zones, ETH price will remain very bullish as it comes close to price discovery, 

What to Expect for Weekly ETH Price ?

In conclusion, Ethereum price remains quite strong as it is approaching its All-Time High. Price action has been maintaining consecutive higher highs and higher lows. This next weekly candle close will be highly indicative of the overall direction. Both key oscillators are suggesting that the momentum is stored with the bulls. A true break is likely to be backed with increasing volume as price action enters price discovery. 

Hope this article helps in the preparation for the next volatility expansion in Ethereum. Follow us at tradingview for more in detail crypto price analysis. 

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

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Source: https://coingape.com/eth-price-analysis-weekly-price-oscillators-suggest-strong-moomentum-overbought/

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