When submitting your ID and selfie, make sure to follow the platform’s guidelines carefully. This may involve taking a photo of yourself holding your ID, or submitting a scan of your ID along with a separate selfie. Make sure the images are clear and legible, and that all the information matches up.

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This whale requested a withdrawal of 30,007 Lido Staked Ether (stETH) ($78.67M) 4 days ago and claimed 19,000 ETH ($49.17M). Blockchain equities bucked the trend, seeing US$11m inflows, notably into Bitcoin miner specific investment products. While trading volumes stagnated, reaching only 15% of the levels seen during the US ETF launch week, comparable to the volume levels observed before the launches. The modus operandi of these scams is deceptively simple yet highly effective. Attackers create wallet addresses that closely resemble legitimate ones, often matching the first and last characters while altering the middle ones. A particularly devastating attack in July 2023 resulted in a single trader’s loss of approximately $68 million worth of Wrapped Bitcoin (WBTC).

• High-profile bankruptcies, including leading cryptocurrency exchange FTX in November 2022, also hit the industry.
• Then, check out the short guide on how to sell ETH on SimpleSwap below.
• Those considering solo staking should have at least 32 ETH and a dedicated computer connected to the internet ~24/7.
• While trading volumes stagnated, reaching only 15% of the levels seen during the US ETF launch week, comparable to the volume levels observed before the launches.
• First of all, before selling ETH you need to make sure that you have them on your wallet.

Do You Have to Pay Tax After Selling ETH?

Ethereum funds sent to this public address would appear in the Spot wallet. Make sure you check the conversion rate before selling, and be aware of any exchange-specific fees or delays that may apply. They have web and mobile interfaces that you can use to sell, but we’ll only cover the web platform here. Before you How To Sell Ethereum sell your Ethereum, you might want to check its current price in USD to know how much you can expect on an exchange. In addition, it is recommended not to invest all your money in any cryptocurrency. Since this market is so volatile, you can’t risk it, at least when you are starting to understand the market.

• There are only a few brands that currently produce those and thus, most investors and traders know them for sure.
• Once the withdrawal details are confirmed, the verification code can be entered, and the withdrawal is completed.
• Kraken is available to residents of the US, Canada, Japan, and various European nations.
• Some platforms may charge withdrawal fees or have minimum withdrawal amounts, so make sure to read the fine print.

How to stake your ETH

Now, click the ‘Sell Now’ button, where you either log into an existing Coinify account, or create a new one. The best way to quickly sell Ethereum is to use SimpleSwap instant crypto exchanger. Now you don’t have to worry where to sell ETH, as this service is here to meet your needs in a secure and convenient way.

When is the Best Time to Sell Ethereum?