How to sell Ethereum
Are some things still not entirely clear to you? We understand it might seem complicated. You can also contact us if you have any questions. Our support team stands ready to assist, whether it is over the phone, by email or through the live chat, seven days a week.
SATOS is the best place to sell your Ethereum
Step 1: Place an order to sell Ethereum
You do not need a SATOS account to sell your ethers through SATOS. The only thing we need to know during the first step is how much Ethereum you want to sell or how much EUR you like to receive. The computer will automatically calculate the other amount. When you have finished checking everything, continue to the second step by clicking on ‘Place order.’
Step 2: Confirm your order
We now require some personal details to process the transaction and transfer the euros to your bank account. We need your email address and your bank account number. Have you finished entering all this information? Congratulations, you are nearly done! Click on ‘Confirm order’ to continue to the final step of the selling process.
Step 3: Send your Ethereum to SATOS
The next step is to send your ethereum to a SATOS wallet address. After filling in your details and clicking on send, you will be shown an address to which you must send us your ethereum to. It is vital that you select an appropriate transaction fee. This ensures that we will receive your ethereum before your order expires. Most ethereum wallets automatically display a recommended and average transaction fee. Once you have uploaded your transaction to the network, you will need to wait for the confirmation of the blockchain. Wondering how long this takes? We will explain this process a bit further down the page. For now, let us go to the final step!
Step 4 – Verification and payment
Alas, even SATOS is obligated to follow up on verification procedures as after your transaction is confirmed on the blockchain, we will ask you to briefly verify yourself. We will thoroughly explain our verification procedures on your personal transaction page as well as indicating which procedures apply to you. Do not fret, it is not rocket science and if you are curious about what our verification procedures are you can always check our current verification methods. Once you have handed in the specified verifications, our compliance team will do their best to quickly assess and verify your documents, after which we will process your order as soon as possible.
Up-to-date with our verifications? Then we will do our best to pay your order out as fast as we can!
What is the best Ethereum selling price?
Determining the right moment to sell your cryptocurrencies remains a difficult affair. Prices on the crypto market can fluctuate tremendously over a single day. The only advice we can give you here is that no one owns a crystal ball and that you will always have to do your own research before you make any decisions. Would you like to know more about the dynamics behind the current Ethereum rates, and which factors are of influence? Take a look at our Ethereum price analysis page to find out more about this.
How long does it take before I receive euros on my bank account?
Now that you have decided to exchange your cryptocurrency for euros, you are obviously also interested in finding out how long it will take before your payment reaches your bank account. The speed of this process depends on a couple of factors. We have listed these here along with a brief explainer.
- SATOS processing time
- Processing time of the Ethereum network
- Bank processing time
SATOS processing time
On average, SATOS processes transactions within 15 minutes. Keep in mind that if this is your first transaction on our platform, that you may need to complete a couple of one-time verification steps. Fortunately, this is a one-time process: once you have completed this, you will be able to sell and buy Ethereum through SATOS without any delay. The amount in euros you will receive will in principle be fixed from the moment you have completed the first step of the sales process.
Processing time of the Ethereum network
Along with our processing time, the processing time of the Ethereum network is also a factor you need to take into account. If the system is currently facing an unusual amount of traffic, it might take a bit longer before your transaction is picked up by miners and added to the blockchain. This is partly dependent on the transaction fee you have selected. How does this work? Every block on the blockchain is limited in space. Therefore, miners need to choose which transactions they will process during the next block. Miners will handle the most profitable transactions first. So, the higher the fee you pay, the better the chances of your transaction being mined into the next block.
Bank processing time
Unfortunately, we are also dependent on the processing time of banks. They generally process transactions much slower than networks like the Ethereum network. Besides, banks are often closed during weekends, which means that you may have to wait until the next working day before your transaction is finalised. As a rule of thumb, you can expect bank payments to be processed on the same day as long as they have been initiated before 3 PM.
Why do customers opt for SATOS?
- Speed: we instantly process orders and work seven days per week.
- Reliable: we have been active as brokers on the Dutch cryptocurrency market for more than five years now.
- Support: our support team is available seven days per week and will answer all your questions, regardless of whether you use the live chat or call us.
- Secure: we do not manage our clients’ assets. Are you buying cryptocurrency through SATOS? Then you will always retain full control over it.
- Straightforward: SATOS allows convenient payment, through iDEAL, Bancontact and SEPA.
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Can I also buy Ethereum at SATOS?
Yes, you can! We do not only buy Ethereum from you; you can also buy ethereum from us. You can always count on us to exchange your cryptocurrencies to euros and vice versa. Indeed, you have come to the right place to sell or buy your cryptocurrencies! Wondering what other cryptocurrency you can sell at SATOS? Take a look at these pages: