How to Sell Ethereum (ETH)
As you interact with Ethereum’s vibrant ecosystem of applications and protocols, it likely won’t be unusual for you to sell a little ether from time to time.
Fortunately, an exchange like Kraken with a real-time order book can offer you the ability to sell ETH for a wide variety of other Ethereum tokens, from USD-C to Basic Attention Token, as well as a range of government currencies like USD and GBP.
That said, remember ETH is a cryptocurrency, meaning it trades against these assets on a 24/7 market. So, depending on when you decide to sell ETH, buyers may offer higher or lower prices.
Also, depending on when you started buying, you may be selling ETH at a profit (or loss), which could impact your portfolio and have bigger implications for your finances.
Once you decide to sell ETH, follow the steps outlined below.
Ready to start?
If you’re more advanced and looking to get right in and start trading, go ahead and sell some Ethereum!
New to crypto?
If you’re newer to crypto and looking to learn more before you buy or sell, be sure to check out our “What is Ethereum?” guide for a more comprehensive deep dive.
Why Sell ETH?
Depending on your risk tolerance and investment allocations, you may also find it advantageous to sell ETH for other cryptocurrencies or cash. You might sell ETH if you want to:
- Adjust your long-term crypto portfolio strategy
- Avoid losses in times of sudden price movements
- Capture gains from past ETH purchases
- Pay to execute contracts or applications
- Purchase Ethereum tokens for use in apps, games and protocols
How to sell ETH on Kraken
Verify your Kraken account
All you need is your name, birth date, country of residence and phone number.
Send ETH to Your Kraken Address
If you want to sell ETH for another cryptocurrency (like BTC or BAT), first you’ll need to create a deposit address in your Kraken account. Depositing ETH on Kraken is as easy as transferring it to any cryptocurrency address.
If instead you want to sell ETH for cash (like GBP or EUR), you’ll need to send us identification and proof-of-residence documents. Learn more about our different verification levels.
Once your account has received funding, you can begin selling ETH and other cryptocurrencies on Kraken.
If you run into any trouble selling your ETH, know our experts are here to help. Our support staff is online and at the ready 24/7, meaning you can always reach us on LiveChat or by email.
If you’re ready to take the next step and want to sell some ETH, click the button below!