The total spot trading volume reported by all exchanges over the last 24 hours was $25.580 billion. The bottom line is that the macro backdrop for crypto remains bearish on rate hikes and inflation. The probability of recession remains high at 80%, and we expect the Fed to hike more than markets are pricing in. Longer term, we think the Fed is not done with an aggressive hiking cycle, and recession risks are increasing. If the correlation returns, this means macro will again weigh on crypto. The only way to reset the 2FA authenticator or security device is to contact ; please note the reset will require additional verification to be done, and take time.

I’ll be sharing many insights into how to build sustainable long-term wealth while avoiding many of the pitfalls of investing. These platforms are user-friendly, offer a variety of payment options and have a good reputation for security and reliability. In some countries, you may need to be at least 18 years old to open an account with a cryptocurrency exchange, while in others, the minimum age may be 21.

Learn how to sell Ethereum (ETH) by following our step-by-step guide comparing crypto exchanges, withdrawal methods and more.

Enter the app, exchange the desired amount into EUR, and send it directly to your Visa or MasterCard. Trading financial products carries a high risk to your capital, particularly when engaging in leveraged transactions such as CFDs. It is important to note that between 74-89% of retail investors lose money when trading CFDs. These products may not be suitable for everyone, and it is crucial that you fully comprehend the risks involved. Prior to making any decisions, carefully assess your financial situation and determine whether you can afford the potential risk of losing your money.

While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com. We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot. We think a small allocation to ETH makes sense in the long term.

Technology Risks

As with all investments, the value of ethereum can rise as well as fall. While it is unlikely that ethereum will suffer a complete loss of value, investors must be prepared to suffer drawdowns of between 50% and 80%. We recommend small allocations and diversification of your portfolio. One way to diversify your portfolio is with stablecoins, although these have also been very high-risk following the Terra debacle.

When in doubt, send a smaller test amount first before sending the rest. When you are satisfied that you are sending the Ethereum to the right address given to you by the exchange, click send and wait for the Ethereum to arrive. Each exchange waits for a different number of “confirmations” before giving you the deposit.

Track Ethereum price moves

There is usually a fee for the transaction known as a gas fee. The NFT platform itself doesn’t charge gas fees; they are fees for the blockchain transaction. Gas fees are often very high on the Ethereum network, so https://www.tokenexus.com/ many artists have begun experimenting with alternative blockchains to avoid the high gas fees. Selling, buying, or exchanging ETH is possible on TRASTRA without verifying your KYC or ID for every single transaction.

• Firstly, enter your TRASTRA account, select Ethereum, and copy its address to the clipboard.
• We love eToro because it makes it simple to trade crypto at home or on the go.
• If Ethereum reaches that price, your order is executed automatically – securing your profit and closing the position.
• When the liquidity tap turns off, usually by central banks raising rates, the correlation between diverse assets shoots up.
• Putting such issues firmly behind it, ETH has at times posted a price increase equal to a multiple of 121.
• Traders who are looking to trade crypto, but might consider stocks, and commodities such as oil and gold can trade all those markets from the same easy to set up account.
• There are loads of sharks in the Ethereum trading space – so it’s important to really do your homework.

Ethereum was developed some years after Bitcoin and benefits from being a second-generation project. It was also developed early enough (2015) to get a head-start on most other altcoins. Building on that success, Ether has taken the initiative and committed to upgrading the core elements of its blockchain framework. One standout feature https://www.tokenexus.com/sell-ethereum/ of Ether is that it also supports other tokens and new innovative digital markets such as NFTs (Non-Fungible Tokens). It’s predicted that over time this will lead to more ETH being destroyed than created. Ethereum is the second biggest cryptocurrency and the crypto that pioneered the broader use of blockchain as a technology.

How To Trade Ethereum In 2023

The other route you could take trading Ethereum, and one of the most popular, is via cryptocurrency CFDs (contracts for differences). Although we cover Ethereum CFD markets shortly, we should note that citizens of certain countries won’t have access – such as the US. To give you an example, we are talking about the likes of Bitcoin (ETH/BTC), Litecoin (ETH/LTC), and Ripple (ETH/XRP).