Sell Ethereum (ETH) in Australia

Ethereum Price

1 ETH / AUD 2,072 .75
−0.21%
Eth Ethereum
Aud Australian Dollar

How to sell Ethereum in Australia

Register, deposit and trade in 5 minutes.
  • 1. CREATE ACCOUNT

    It’s FREE to join!

    Sign up is fast, secure and designed to keep your data protected.
  • 2. DEPOSIT ETHEREUM

    Send your ETH to sell

    Send your stored Ethereum from any wallet or exchange to Independent Reserve.
  • 3. SELL ETHEREUM

    Low trading fees

    Enter the amount of ETH to sell, then you can transfer the money straight to your bank account.

What is Ethereum?

Ethereum is a global software platform powered by a decentralised, open-source blockchain. It is designed to be scalable, secure, and sustainable. Commonly known as a “world computer”, Ethereum is essentially “programmable money”.

Ether (ETH) is the native currency of the Ethereum blockchain and is used as a utility token to pay gas fees when processing transactions on the network. As a digital asset, ETH is also a store of value and is used as a form of payment. Ethereum is the second-largest cryptocurrency by market capitalisation and is the most widely used blockchain in the world.

Ethereum is a game-changer. The most revolutionary feature of Ethereum is its native support for smart contracts. Ethereum’s founders’ intent was simple: to develop a platform where anyone can create and host their own decentralised applications (dApps). Developers can build dApps on Ethereum and write and execute smart contracts to run them. These digital contracts can be used to exchange value and represent the transfer of ownership of assets over the blockchain, like cryptocurrencies and Non-Fungible Tokens (NFTs). Smart contracts are a powerful tool that gives Ethereum a real-world use case. To invest in Ethereum you can buy ETH from Independent Reserve.

The Ethereum vision is to create a digital future for the world. Its cause is noble. Its mission: “grow Ethereum until it's powerful enough to help all of humanity.”

To trade Ethereum, you can buy and sell ETH in Australia on Independent Reserve. Before selling Ethereum there are a few things you may want to consider. See the FAQs below to learn more.

Sell Ethereum on the go

Buy and sell Ethereum and other popular cryptocurrencies anywhere, anytime with the Independent Reserve app.

  • Lower fees

    Lower fees

    Trading from 0.5% down to 0.02%
  • 24/7 support

    24/7 support

    Our team of experts are on hand to help with any issue you might have
  • Easy withdrawal

    Easy withdrawal

    Withdraw directly to your Australia bank account within a day
  • Streamline tax time

    Streamline tax time

    Use our KPMG tax estimator to work out your obligations to the ATO

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.

Sell Ethereum with your SMSF

We are trusted by thousands of SMSFs to purchase crypto. We provide:

  • Streamlined banking solution
  • Compliant, audit-friendly reporting
  • Premium grade security
  • OTC trading desk

Ethereum OTC desk

Our over-the-counter (OTC) trading desk offers deeper liquidity and a private, more personalised service for institutional investors and high-net-worth individuals who need to fill large orders that might be too price-disruptive on open markets at exchanges.

Whether you are looking to trade Ethereum or other cryptocurrencies OTC from $50,000 to $50 million, our industry-leading desk will provide you with seamless trade execution and settlement services that are discreet, secure and ultra-competitive.

Get started today

Register, deposit and trade in 5 minutes.

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