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How to sell Ethereum (ETH) in Germany

Step-by-step instructions on how to sell Ether for EUR or cryptocurrency.

Whether you’ve bought Ether (ETH) in Germany on an exchange or earned ETH from mining, the time may come when you want to sell some or all of your holdings. Thankfully selling ETH is easy, and can quickly be exchanged for Euros (EUR) or used to buy other cryptocurrencies like Bitcoin or USDT (Tether).

A step-by-step guide to selling Ethereum in Germany

How to sell ETH for fiat currency
How to sell ETH for cryptocurrency

There are two options available when selling Ethereum in Germany:

  • Selling ETH for fiat currency, such as EUR
  • Selling ETH for another cryptocurrency, for example, bitcoin (BTC) or XRP (XRP)

Selling your Ethereum tokens for fiat currency is generally the quicker and more convenient of these options, particularly if you’re not an experienced trader. That said, you can find simple step-by-step instructions below, to sell ETH for either fiat or cryptocurrency.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to sell Ethereum (ETH) in Germany

Name Product Deposit methods Fiat Currencies Cryptocurrencies
FTX Kryptobörse
FTX Kryptobörse
Silvergate Exchange Network (SEN), Kreditkarte, Banküberweisung, Unterschrift SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

262
cryptocurrencies

Melden Sie sich über Finder an und erhalten Sie 5% Rabatt auf alle Handelsgebühren. Es gelten die AGBs.
FTX ist eine Börse, die von Händlern für Händler entwickelt wurde und neben den Standard-Spot-Märkten auch eine Reihe von Derivatemärkten wie Optionen und Futures mit hohem Leverage bietet. Hinweis: Nicht verfügbar für US-Kunden.
Bit.com Kryptobörse
Bit.com Kryptobörse
Kryptowährung
USD

29
cryptocurrencies

Beginnen Sie jetzt mit dem Handel von Optionen, Futures und unbefristeten Verträgen! Neue Benutzer erhalten bis zu $245 an Handelsgutscheinen.
Binance Kryptobörse
Banküberweisung (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ mehr

371
cryptocurrencies

Handeln Sie eine große Auswahl an renommierten Coins auf dieser weltweit bekannten Börse, die für ihre hohe Liquidität und mehrsprachigen Support bekannt ist.

US-Einwohner: Ab September 2019 können Nutzer mit Wohnsitz in den USA nur noch auf dem amerikanischen Dollar-Onramp von Binance, href="https://www.finder.com/de/review-binance" target="_blank" rel="noopener">Binance.US., mit USD handeln.
Einwohner des Vereinigten Königreichs: Zusätzlich zu den normalen Krypto-Handelsdiensten bietet Binance auch Margin Lending an. Da es sich hierbei um eine regulierte Aktivität handelt, die sie in Großbritannien nicht anbieten dürfen, raten wir Ihnen davon ab, diesen Service zu nutzen. Wenn Sie am Marginhandel interessiert sind, sehen Sie sich die zugelassenen Anbieter an.
eToro Kryptobörse
Neteller, PayPal, Skrill, Kreditkarte, Banküberweisung, Debitkarte, Onlinebanking
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK & 5+ mehr

74
cryptocurrencies

Haftungsausschluss: Volatiles Anlageprodukt. 75% der Konten von Kleinanlegern verlieren Geld beim Handel mit CFDs bei diesem Anbieter. Sie sollten abwägen, ob Sie es sich leisten können, das hohe Risiko einzugehen, Ihr Geld zu verlieren.
Kopieren Sie die Trades der führenden Kryptowährungsinvestoren auf dieser einzigartigen sozialen Investmentplattform. 50 $ Mindesteinlage.
Uphold Digital Money Plattform
Kreditkarte, Debitkarte, Banküberweisung (ACH)
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD & 10+ mehr

125
cryptocurrencies

Kaufen, senden und konvertieren Sie von 27 Währungen in Sekundenschnelle, alles auf einer Plattform.
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Compare up to 4 providers

Selling ETH for fiat currency

Step 1. Register on an exchange that lists ETH alongside EUR

If you plan on selling your ETH tokens on the same exchange where you purchased them, skip ahead to step 2.

If you don’t want to use the same exchange, you’ll need to search for an exchange in Germany that lists ETH in a trading pair with the fiat currency you want to acquire. Review and compare the features of a range of crypto exchanges before deciding which one is right for your needs.

You can then sign up for an account by providing your email address and creating a password, while some exchanges will require your full personal details and proof of ID to satisfy Know Your Customer and Anti-Money Laundering (KYC/AML) regulations.

Don’t forget to also enable 2-factor authentication on your account before proceeding any further.

Step 2. Deposit ETH into your account

The next thing you need to do is transfer your ETH holdings into your exchange wallet. To do this you’ll have to log into your account. Find the relevant wallet address for Ethereum tokens, and then use that address when transferring tokens from your external wallet.

Step 3. Sell ETH

Once the ETH tokens have arrived in your exchange wallet, you’ll need to navigate to the trading page and search for your desired currency pair, such as ETH/EUR. You can then enter the amount of ETH you want to sell to place your order.

No matter which exchange you’re using in Germany, make sure you take a moment to review the full details of the transaction before submitting it.

Step 4. Withdraw EUR

The final step is to withdraw the fiat currency that you have acquired and put it into your linked bank account. This is usually quite easy to do from your exchange account, but make sure you’re aware of any fees or limits that apply to the transaction.

Selling ETH for cryptocurrency

If you want to exchange your ETH tokens for another digital currency in Germany, here’s what you need to do:

Step 1. Register on an exchange that lists ETH

If you plan on selling your ETH tokens on the same exchange where you purchased them, skip ahead to step 2.

If you need to use a new exchange to complete your transaction, you’ll need to compare the features of a variety of crypto exchanges before deciding on one that’s right for your needs. The good news is that because Ethereum is the world’s second-largest cryptocurrency it’s widely traded on an extensive range of exchanges.

Once you’ve chosen an exchange, sign up for an account by providing your email address and creating a password. Some platforms will also request your full personal details and a valid form of photo ID in line with Know Your Customer and Anti-Money Laundering (KYC/AML) requirements.

Make sure you also enable 2-factor authentication on your account before depositing any funds.

Step 2. Deposit ETH into your account

Now it’s time to transfer the ETH tokens you want to sell into your exchange wallet. To do this, you’ll need to find out the ETH address of your exchange wallet and then use this to transfer the tokens over from the wallet where you’ve been holding them.

Step 3. Sell ETH

Once the ETH tokens have arrived in your exchange wallet, you can click through to the trading section of your chosen platform. Then it’s a matter of searching for the pair you want to trade, such as ETH/BTC, and then entering how much ETH you want to sell or how much BTC you want to buy.

Make sure to take a moment to review the full details of your transaction before finalising the sale.

Step 4. Transfer your new digital currency to a secure wallet

Now that you’ve acquired a new digital currency, remember that storing your coins or tokens on an exchange for the long-term isn’t recommended. For enhanced security, it’s a good idea to transfer those tokens to a private wallet that allows you to retain control of your private key.

Check out our cryptocurrency wallets guide for more information.

What to consider if you plan to sell Ethereum in Germany

Before you sell your ETH tokens, remember that every cryptocurrency trade comes with a certain level of risk attached. Cryptocurrencies are volatile and complicated assets, so it’s important to do your research before selling any coins or tokens.

If you’re thinking of selling ETH in Germany, factors you need to consider include:

  • Trading fees. Compare trading fees across a variety of exchanges to find out how much it will cost you to sell your ETH. Check to see whether fees are different for market makers and takers, or whether they’re the same across the board. These may be especially high if using a Decentralised Exchange, depending on Ethereum gas prices at the time.
  • Withdrawal fees and methods. When choosing a platform, don’t forget about the fee charged to withdraw funds from your exchange account. It’s also a good idea to check what withdrawal methods are available and how long it will take for your transaction to be completed.
  • Transaction limits. Does the exchange impose any minimum or maximum limits on how much ETH you can sell? Are there any per-transaction or daily withdrawal limits you need to worry about?
  • Type of platform used. Will you be using a centralised exchange (easy to use) or a decentralised exchange (for advance users). Will you need to entrust your funds to a third party, such as the exchange operator, or can you trade in a peer-to-peer setting that allows you to connect directly with another user who wants to buy ETH?
  • ID verification required. Consider the personal details and ID you’ll need to provide in order to sell ETH on any exchange, and how long it will take to become a verified member. Some platforms don’t require any verification, which is useful for those who value their privacy, while others have a rigorous signup process in place and you may have to endure a wait while your account is verified.
  • Customer support. Don’t forget to check how you can get in touch with the exchange’s customer support team and to research whether they have a good reputation for responding quickly to requests for help. This will ensure that you can get the assistance you need if your funds are slow to arrive or something else goes wrong with your transaction.

Crypto exchange fees: what you need to know

The most important thing to remember when calculating the cost of trading cryptocurrency is to read the fine print. Fees vary not only from one exchange to the next but also within a single exchange – from your account verification status to the volume of trades you place per month to the currency you’re trading, there are several factors that can affect how much you’ll need to pay in fees. Check with your exchange so that you’re familiar with all the fees that apply to your account.

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Images: Shutterstock

Disclosure: At the time of this writing, the author holds ADA, ICX, IOTA and XLM.

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