The process of selling Ether on an exchange is close to that of purchasing it. First of all, you need to choose an exchange that exists within your jurisdiction which deals with Ether to set up an account with Ether. In order to be able to transfer, you will need to link to your existing bank account and provide additional information, such as your date of birth, country of residence and phone number. Once you're all set up, you'll need to choose whether to sell your Ether for a fiat currency or trade it for a different cryptocurrency. Most of the major exchanges offer wallet services. Simply navigate the website to find the' Sell,'' Deposit' or' Deposit to Exchange ' button. Here you will find the address of your new wallet. Simply send the required amount of Ether from where it is deposited in the new wallet, the switch should happen almost instantaneously. From there, you can set how much Ether you'd like to sell and choose the currency you'd like to sell. On most markets, this is achieved either by placing an order and waiting for someone to approve it or, instead, by checking for an order to be completed. The exchange rate is normally calculated automatically on the basis of the current market rate, market volatility, the size of the transaction and, in some cases, the duration of the exchange. Once the exchange has been done, the funds should surface in your wallet, irrespective of fiat or crypto. If you have decided to exchange the Ether for any of the traditional currencies, you will have the opportunity to redeem the funds into your bank account. This is achieved by bank wire transfer, so it may take up to three or four days for the money to show on your bank account. Removing the fiat currency will also incur fees. They are quite different depending on the particular trading platform, so you might want to factor that into choosing the right exchange. The breakdown of fees can be found in the' about' section of the Exchange websites of' frequently asked questions.'
