Sell Ethereum (ETH) in New Zealand
How to sell Ethereum in New Zealand
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 sellSend your stored Ethereum from any wallet or exchange to Independent Reserve.
3. SELL ETHEREUM
Low trading feesEnter the amount of ETH to sell, then you can transfer the money straight to your bank account.
What is Ethereum?
Ethereum is a distributed, open-source software platform that runs on a decentralised blockchain. It is made for scalability, security, and sustainability. Ethereum is commonly referred to as a “world computer” and is essentially “programmable money”.
The native currency of the Ethereum blockchain is Ether (ETH), which is used as a utility token to pay gas fees when processing transactions on the network. As a digital asset, ETH is a store of value and as well as a form of payment. Ethereum (ETH) 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 powerful characteristic of Ethereum is that it supports smart contracts. Ethereum’s founders had a simple dream: to develop a platform where anyone could build and launch their own decentralised applications (dApps). Developers can create dApps on Ethereum and deploy smart contracts to run them. Smart contracts are digital contracts that control value and represent the transfer of ownership of assets over the blockchain, like cryptocurrencies and Non-Fungible Tokens (NFTs). Smart contracts are a revolutionary tool that gives Ethereum a real-world use case.
Ethereum’s vision is to create a digital future for the world. Its mission has a noble cause: “Grow Ethereum until it's powerful enough to help all of humanity.”
To trade Ethereum, you can buy and sell ETH in New Zealand 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.
The best place to sell Ethereum in New Zealand
Lower feesTrading from 0.5% down to 0.02%
24/7 supportOur team of experts are on hand to help with any issue you might have
Easy withdrawalWithdraw directly to your New Zealand bank account within a day
Voted #1Voted the best crypto exchange 2019 and 2021
Explore our features
Buy and sell limit orders
You have easy and advanced ways to buy and sell crypto. Order types include simple, market, limit and advanced “stop buy” and “stop sell”.
Buy, sell and store Ethereum
Trade Ethereum on your mobile or your desktop.
Available on iOS and Android
Buy and sell Ethereum in seconds, track your portfolio and monitor the crypto market on the go.
AutoTrader and recurring buys
Automate your crypto investments with strategies that allow you to dollar-cost average (DCA), diversify your portfolio and buy or sell on deposit.
Frequently asked questions
You can sell Ethereum on Independent Reserve safely and easily.
Wondering how to sell Ethereum tokens in New Zealand? Independent Reserve makes selling Ethereum simple. Just enter the amount of Ethereum (ETH) you wish to trade for New Zealand 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 New Zealand. 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 a highly trusted exchange. Voted the #1 Digital Exchange of the Year, 2019 - 2021; we are one of the most reputable cryptocurrency exchanges in New Zealand. Established in 2013, Independent Reserve 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 New Zealand dollars (NZD) 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 New Zealand, the easiest way is through a cryptocurrency exchange. It is important to choose a trusted cryptocurrency platform to sell Ethereum safely. Independent Reserve is one of the first digital currency 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 small 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.
It is important to be aware that any profits or losses made when selling Ethereum and other cryptocurrencies are liable to tax in New Zealand.
Your tax obligations will vary depending on your specific circumstances. Be sure to check with your registered tax agent in New Zealand for advice on how cryptocurrency taxes apply to you.
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)
- Use a limit order if you want to sell at a specific price. 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 New Zealand bank account, it will take 1 - 3 business days.
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.