Selling Ethereum made simple.
At Bitinvestor we’ve made it simple to sell Ethereum.
As soon as you’ve sent us your Ethereum, we’ll initiate a bank transfer to you. You will usually receive your money within a few hours, but always within 2 business days.
And if you face problems or have any questions, we’re ready to help in our livechat every day of the week!
How do you sell Ethereum?
Why sell through Bitinvestor?
Local bank transfer
We pay out through the local banking systems for EUR, GBP, and DKK so you don’t have to worry about international methods.
We sit ready in our livechat every day of the week from 8 AM to 8 PM or via e-mail at email@example.com.
As soon as we receive your Ethereum , we intiate the payout to you.
Bitinvestor is regulated by the Danish Financial Authorities and Fintrac Canada.
Learn about Ethereum
Delving into the Origins of Ethereum
Ethereum was first announced in 2013 as a revolutionary technology that provided a platform for developers to create decentralized apps (DApps), rather than only as a coin. Ethereum was the brainchild of the brilliant Vitalik Buterin, who realized that although Bitcoin was innovative, it had several drawbacks. Buterin envisioned a platform with a more general scripting language, with the goal of becoming a digital currency while also making it possible to create and execute distributed applications and smart contracts without any interruptions, fraud, outside control, or intervention.
The Individuals Behind Ethereum: Visionaries of a Decentralized Future
Ethereum’s core development team consisted of a group of bright minds and blockchain enthusiasts that worked together to foster and realize Vitalik Buterin’s vision. Alongside Buterin, prominent figures such as Anthony Di Iorio, Charles Hoskinson, Mihai Alisie, Amir Chetrit, Joseph Lubin, Gavin Wood, and Jeffrey Wilke collaborated to create the Ethereum white paper, which served as the cornerstone for the development of Ethereum into what it is today. This dream team set out to build a decentralized platform that would facilitate a wide range of applications, opening the door for a more democratized and decentralized digital future rather than just creating a coin.
The non-profit Ethereum Foundation, based in Switzerland, assumed responsibility for managing the Ethereum platform’s development after its launch. The organization has played a crucial role in maintaining the progress of technology and finance, encouraging research and development, and guaranteeing the stability and uninterrupted operation of the Ethereum network.
Ethereum's Unique Proposition in the Blockchain Sphere
Ethereum opened a new chapter in the history of blockchain technology and cryptocurrencies by launching not only a new coin but also a new platform that makes it possible to create and run DApps and smart contracts without being hampered by fraud, censorship, or outside influence.
But what are the aspects that make Ethereum stand out distinctly in the blockchain domain?
Smart Contracts: The primary distinction is the implementation of smart contracts, self-executing contracts with the terms directly written into code, which revolutionized the way transactions occur, eliminating the need for an intermediary and ensuring that all parties adhere to the contract’s terms.
Decentralized Applications (DApps): Offering a platform for developers across the globe to create and deploy decentralized applications, Ethereum broadened the horizons of blockchain technology from being a mere transactional platform to a developmental one.
Ethereum Virtual Machine (EVM): The EVM runs on the Ethereum network and allows anyone to run any program, ensuring that the process of creating blockchain applications is simplified and much more efficient than previously.
Decentralized Finance (DeFi): Ethereum is the primary platform for the emerging DeFi sector, allowing for the creation of decentralized financial applications that offer a wide array of financial services without the need for traditional financial intermediaries.
In the Developmental Forefront: Ethereum 2.0
As the blockchain realm continues to evolve, Ethereum doesn’t rest on its laurels. The platform is evolving, with Ethereum 2.0, often referred to as ETH 2.0 or Serenity, set to usher in a new era in the cryptocurrency domain. Transitioning from a Proof of Work (PoW) to a Proof of Stake (PoS) consensus algorithm, Ethereum 2.0 seeks to solve issues related to scalability, security, and sustainability that have been prevalent in its network. This transition is anticipated to allow the platform to process transactions more rapidly, reduce energy consumption, and enable it to scale to accommodate the ever-growing demand for its blockchain.
The Ethereum Network - An Ode to Decentralization and Smart Contracts
In contrast to Bitcoin, Ethereum functions as a platform that permits peer-to-peer contracts and apps using its own money in addition to being a blockchain-based currency (ETH). With many decentralized apps and smart contracts that use Ether, the native coin of Ethereum, for transactions, the Ethereum blockchain is a vast network. Without the need for a centralized authority or middleman, these smart contracts are self-executing agreements in which the terms of the sale are clearly spelled out in lines of code. The network of nodes monitors these contracts to make sure the pre-established regulations are followed.
The blockchain of Ethereum does more than just facilitate decentralized value transfers. It is powered by its blockchain and runs on a globally distributed computer, allowing developers to create and run decentralized apps from anywhere in the globe. In this environment, decentralized autonomous organizations (DAOs) can be established, upending our conventional financial and governmental structures and building a democratic financial ecology.
Frequently asked questions
You can receive your money in less than 5 minutes when selling Ethereum through Bitinvestor.
If your bank is in Europe or the United Kingdom, you’ll receive your money in a few minutes after we receive your Ethereum if your bank supports SEPA instant or Faster Payments. Regular bank transfers will take 1 business day.
With MasterCard, you’ll receive your payout within 24 hours after we receive your Ethereum.
When you sell Ethereum, we will initiate a bank transfer to your bank as soon as we receive your Ethereum. The money usually arrives within hours, but always within 2 business days.
If you have Ethereum in a wallet, you can easily sell the Ethereum on Bitinvestor.
To sell Ethereum, go to our sell page, choose the amount of Ethereum you want to sell, enter your Bank or Credit Card details and send the Ethereum to the address we give you. You will always receive your money within 1 business day.
Some of the reasons why one could consider selling Ethereum are:
- Profit taking
- Risk Management,
- Liquidity Needs
- Tax payments being due
- Market Conditions
There are a lot of different reasons why someone may consider selling Ethereum. If you believe the market may crash, Ethereum isn’t the cryptocurrency that’ll succeed or the network fees are too high, you have very valid reasons to sell Ethereum.
As soon as we receive your Ethereum, the price gets locked in.
When selling, the price is locked in after your transaction has 1 confirmation on the blockchain. That usually never takes more than 5 minutes.
You can sell your Ethereum and receive a bank transfer in as little as 5 minutes on Bitinvestor.
You can sell Ethereum for USD, GBP, EUR or DKK.
You can sell Ethereum for euro and receive your euro in as little as 5 minutes on Bitinvestor.
Receive your euro with MasterCard, SEPA Instant or Regular SEPA.
You can sell Ethereum for GBP and receive your GBP in as little as 5 minutes on Bitinvestor.
Receive your GBP with Faster Payments or MasterCard