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How to sell Ethereum (ETH)

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

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Whether you’ve bought Ether (ETH) on an exchange or earned ETH from mining, the time may come when you want to sell some or all of your holdings. As Ethereum is one of the world’s largest digital currencies, selling ETH is easy, and can quickly be exchanged for Malaysian ringgit (MYR) or used to buy other cryptocurrencies like Bitcoin or USDT (Tether).

A step-by-step guide to selling Ethereum

There are two options available when selling Ethereum:

  • Selling ETH for fiat currency, such as MYR
  • 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 in Malaysia

Name Product Deposit methods Fiat Currencies Cryptocurrencies
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

456
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

156
cryptocurrencies

Buy 100+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

865
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

71
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
AAX Cryptocurrency Exchange
AAX Cryptocurrency Exchange
Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, SWIFT, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme
AUD, CAD, CNH, CHF, EUR, GBP, HKD, NZD, SGD, USD

110
cryptocurrencies

Make fast transactions including spot, futures and P2P trading with this cryptocurrency exchange.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

171
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Neteller, Skrill, Apple Pay
EUR, GBP, USD, AUD, CAD, PHP, SGD, CHF, HKD, JPY & 30+ more

32
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

280
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS)
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
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Selling ETH for fiat currency

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

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 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.

For example, if you’re using Luno, you can do this by clicking on “Wallets” at the top of the screen and search for ETH. Click “Receive” and you’ll be supplied with the address to which you can transfer ETH.

Step 3. Sell ETH

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

For example, on Luno you can click the “Sell” button and select Ethereum from the list of coins. Type the amount of ETH you’d like to sell in the field provided and then click “Sell”.

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

Step 4. Withdraw MYR

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.

For example, Luno users can click on the “Withdraw MYR” link from your account dashboard to initiate the withdrawal process.

Selling ETH for cryptocurrency

If you want to exchange your ETH tokens for another digital currency, 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

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, 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.
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.

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

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