Sell Ethereum (ETH) in Australia

You can sell Ethereum on Independent Reserve safely and easily.

Wondering how to sell Ethereum tokens in Australia? Independent Reserve makes selling Ethereum simple. Just enter the amount of Ethereum (ETH) you wish to trade for Australian dollars and it will be swapped into fiat currency. You can leave the money in your trading account or choose to withdraw it into your bank account.

Independent Reserve is a feature-packed platform. We have a range of features for you to explore and use to improve your trading experience. We offer excellent customer support and world-class security to protect your cryptocurrency.

You can sell Ethereum right here on Independent Reserve.

We make selling Ethereum just as convenient as it is to buy Ethereum. We offer multiple ways to trade ETH in Australia. Talk to our friendly customer support team if you need any help selling your Ethereum.

Begin your crypto journey with Independent Reserve and start investing in any digital currency of your choice. There are many other cryptocurrencies to choose from and invest in. It only takes five minutes to create your account. You can start trading as soon as you deposit money.

Independent Reserve is Australia's trusted exchange. Voted the #1 Digital Exchange of the Year, 2019 - 2021; we are one of the most reputable cryptocurrency exchanges in Australia. Established in 2013, Independent Reserve is an Australian-based exchange and is one of the longest-running digital currency exchanges in the world.

Independent Reserve has no hidden fees.

Unlike other cryptocurrency exchanges, there are no hidden fees when you trade with Independent Reserve. We offer fee-free deposits on amounts of $100 Australian dollars (AUD) and above. We also have competitively low trading fees. Our trading fees are as low as 0.02% for high-volume trades.

If you are looking to sell Ethereum in Australia, the easiest way is through a cryptocurrency exchange. It is important to choose a trusted cryptocurrency platform to sell Ethereum safely. Independent Reserve has a long-standing reputation as Australia’s trusted exchange. We are also one of the first exchanges in the world. Sign up today and start trading with us after you deposit some money into your account.

Gas fees are required for making transactions on Ethereum.

Whenever you interact with an Ethereum smart contract or send money on the Ethereum network you are required to pay a transaction fee, called a “gas fee”. Gas fees are unavoidable whenever you send, buy, or sell ETH tokens.

Gas fees are set in Gwei, which is a smaller denomination of ETH. A Gas limit refers to the maximum amount you are willing to pay.Gas is used to compensate miners for facilitating transactions and maintaining the security of the network. Miners prioritise transactions with higher gas fees: the more gas you pay, the faster your transaction will be processed. Gas fees fluctuate relative to the complexity of the transaction and traffic on the network.

With Independent Reserve you don’t need to worry about gas fees because we take care of it for you.

You will have to pay tax on any realised profits when you sell Ethereum.

Ethereum and other cryptocurrencies are treated as assets subject to Capital Gains Tax (CGT) by the Australian Taxation Office (ATO). Every time you dispose of Ethereum through either; trading for other digital currencies, or selling into fiat (money), you will be required to include a capital gain or loss in your tax return.

Your tax will depend on your specific circumstances and the nature of your transactions, such as; whether you bought cryptocurrency to hold as an investment, or to make a direct payment to purchase goods. The rules also change depending on whether you carry on a cryptocurrency business or you are a professional trader. You can calculate your tax obligations easily by using Independent Reserve’s KPMG crypto tax estimator.

The market price did not meet your sell price. You may have to wait a bit or modify your order. Here are some tips for successful sell orders:

• If you want to sell immediately, use market order (if you are happy with the price)
• If you want to sell at a specific price, use a limit order. How far your price is from the current market rate determines how long you'll wait
• Plan your trades accordingly. Ideally from the start, have a plan on what price you intend to sell on profit if the price goes up and what price you intend to cut loss if it goes down
• Have a target price where you are happy to sell right from the start. This can help prevent excitement or nerves clouding your judgement later on

For your safety, we manually approve withdrawals on all bank transfers.

After you exchange ETH into fiat money and withdraw it from your trading account into your Australian bank account, it will take 1 - 3 business days.