How to Sell Ethereum (ETH) in Australia

If you are currently holding Ethereum in your digital asset portfolio and would like to sell that asset quickly and securely, you’ve come to the right place. 

CEX.IO offers a wide range of tools, products, and services to accommodate your unique crypto needs. Our Instant Buy, Spot Trading, and Wallet services can help extend the mobility of your digital assets, and empower you to move more confidently through the crypto ecosystem. Read along as we discuss some of the ways you can interact with CEX.IO to sell Ethereum or trade it for other digital assets, such as bitcoin.

How to Sell Ethereum for USD

After Bitcoin, Ethereum ranks as the second-largest cryptocurrency in circulation. Ethereum, the native token of the Ethereum blockchain, expands on Bitcoin's functionality by prioritizing smart contracts. This innovation has encouraged developers to create their own blockchains and decentralized applications (dApps) atop Ethereum's infrastructure. These advancements have propelled what many tech writers and futurists call the next wave of internet technology: Web3, also known as Web 3.0. 

Web3 envisions new use cases for crypto that extend beyond financial exchange. With networks being developed to organize collective action, trade unique digital art, and explore virtual worlds, Ethereum supports a wide range of emerging and established visions for the future.

On a crypto exchange platform like CEX.IO, you have multiple options to convert Ethereum to USD. If you don't have an account on CEX.IO, create one and complete the verification process. After finishing the Know Your Customer (KYC) steps, you can link your preferred payment methods for use across CEX.IO’s products and services. 

As a trusted leader in the crypto space, CEX.IO’s commitment to regulatory compliance allows you to choose from a variety of payment methods. Connect a debit/credit card, bank account, or use Apple Pay or Google Pay to complete your transactions. You also have the option to sell Ethereum with PayPal by selecting it as your payment method and routing funds to your PayPal* account.

Disclaimer: Verify that the preferred payment method is available in your area. 

How to Sell Ethereum (ETH) on CEX.IO

Let’s talk about how to sell the ethereum (ETH) you currently have in your digital portfolio from a desktop browser window:

1. Login to your CEX.IO account. Click on the Wallet in the upper left drop-down menu. 
2. Scroll down to Ethereum (ETH), then click Withdraw in the same row.
3. Select the amount of Ethereum (ETH) you want to sell, 
4. Choose a card, bank account, or payment service such as Skrill or Neteller where you want to deposit your funds.
5. Once you’re satisfied with the amount and destination method, click Continue to proceed with the transaction.
6. Double-check the pricing and click the box to confirm you understand the terms and conditions of the transaction.
7. When you’re ready, click Proceed to confirm the transaction.

Now you know how to sell Ethereum (ETH) on CEX.IO using a desktop browser window. Please note that to sell crypto on the exchange, you must first have crypto in your account. Also, you can repeat this process to sell any crypto you currently have in your possession. 

How do I Sell Ethereum (ETH) with the CEX.IO App?

Now let’s outline how to sell Ethereum (ETH) using the CEX.IO App:

1. Open the CEX.IO App and log into your account.
2. Click Send on the Wallet tab.
3. Select an asset from the list of available currencies. Note: you must already have ETH in your wallet for it to be available to sell.
4. Type in the amount of ETH you want to sell.
5. Select where you would like the money deposited from the sale, then click Proceed at the bottom of the screen.
6. On the next screen, confirm the transaction by clicking the side button of your device.

Now you know how to sell Ethereum (ETH) using the CEX.IO App. Please note that if you wish to sell any other digital asset, you can repeat the steps above for any cryptocurrency you currently own.

What to Consider When You Sell Ethereum

There are many factors to consider before deciding to sell your Ethereum. As with any financial transaction, it's crucial to assess how much risk your financial situation can safely handle. Before you initiate a transaction on the CEX.IO platform, it's important to align your financial circumstances with your long-term goals. By consulting price guides and monitoring market fluctuations, you can get an accurate picture of the current crypto ecosystem before making a move.

Another key factor is how the cryptocurrency is used. For beginners, it's different to sell a token from a small, specialized blockchain than to sell a well-known digital asset that’s losing value. Only you can decide what’s best for your situation, but doing your own research is crucial. Understanding the overall crypto market will help you make better choices. Even if you want to sell Ethereum for Bitcoin, you need to know how both are performing to make smart decisions.

When and Where Can I Sell Ethereum for AUD?

Since the crypto markets never sleep, your ability to sell Ethereum for AUD, mostly depends on the stability of your internet provider. Unlike traditional financial institutions that deal in paper fiat currency, the crypto ecosystem is an all-digital, decentralized financial system that operates across a network of global users. 

However, your geographical location does determine what products and services you can engage with on CEX.IO. Due to regulatory policies that vary between countries and even across state lines within some countries, CEX.IO must curate its offerings to meet those standards and remain in good standing. 

Australia has been favorable to cryptocurrency, allowing the markets to regulate themselves. However, due to the increasing instability of the crypto markets and bad actors, Australia plans to regulate the cryptocurrency industry by 2025. They are currently evaluating the weaknesses in the DeFi framework and considering ways to ensure the safety of all market participants.

However, Australia remains enthusiastic about the potential future crypto could hold for individuals and institutions alike. Currently, Australian users can access CEX.IO’s full suite of services. With over six million global users, CEX.IO is one of the most trusted crypto trading platforms in the world. 

As long as you have a reliable internet connection, a valid and verified account on CEX.IO, and some Ethereum in your digital asset portfolio, you can follow the steps above to sell your Ethereum and have the funds exchanged routed to your destination of choice as outlined in the step-by-step instructions, anywhere you have a reliable network connection.