How Can I Sell Ethereum?

Fans of Ethereum, have seen a variation of its internal cryptocurrency, Ether (ETH) fall by more than 25% over the past year. Simultaneously, there was a gain of rival digital currency Bitcoin (BTC) by 6.5%. From this variation, it is believed that a series of flaws and setbacks in the Ethereum code and security holes are eventually going to decline in value and price in future. Let`s give a look into steps that yield from ETH.

Margin on Exchanges

In order to profit from a falling price, an ideal option is short selling which involves borrowing some ETH that you don't own from somebody, further selling it in the market with the hope of buying it at a lower price. There are a number of online cryptocurrency exchanges, offering margin facilities in order to enable borrowing. Some of them lend directly using existing stock of cryptocurrency, while others arrange peer to peer credit from other users.

However, the steps included in selling are as under:

Make an account on a reputed foreign exchange, supporting Ethereum. Coinbase is one of the examples to store currencies like Ethereum and Litecoin as they offer high-security benefits.

• Create an Ethereum wallet in your account in order to receive Ethereum.
• Through swapping service at a best possible exchange rate - convert Bitcoins to Ethereum. Some most popular services in this regard are Changelly and ShapeShift.
• For selling again, use swapping service to convert Ethereum back to Bitcoins in your exchange wallet
• Cash out Bitcoin to your currency from your exchange wallet