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Frequently asked questions

Ethereum's price is a market price, defined by the exchanges based on supply and demand. Supply and demand are thereby strongly correlated to the interest and use of the cryptocurrency. For instance, as more and more people buy NFTs on the Ethereum blockchain, demand for the ether, the currency of the Ethereum blockchain, rises.

You can sell ETH on a crypto exchange.

A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.

Unfortunately, we can't tell either. Historically speaking, ethereum and the wider crypto market goes through a four year market cycle, with two to three years of low prices and low interest, and one to two years of steep price increases. It makes sense to accumulate in times where interest is low, and sell after steep, euphoric price increases. If you already have a desired selling price in mind, make sure to create a price alert to get notified when Ethereum reaches your targets.

There are a several things you should consider before you sell crypto. First, you should pay attention to the trading and payout fees of an exchange. Second, look out for an exchange supports your preferred payout method such as bank transfer or PayPal. Third, make sure that your exchange has good customer service in case something goes wrong. And last but not least, don't forget to assess your tax bill before you sell. Crypto tax tools can help you with that.

Usually, you will receive payouts on your bank account via bank transfer. An alternative is, however, to leave your funds on the exchange, where you may even be able to earn a reward through staking.

This strongly depends on your place of residents. Most countries tax profits on crypto using capital gains tax. Be sure to inform yourself about the applicable regulations in your country. You can use a crypto tax tool to calculate your taxes.

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