Sell or Cash out ETH


Jenna asked 3 months ago

Last updated on February 14th, 2018 at 10:47 pm

Hi, I am from US. I want to cash out my ETH and I don’t want to use my bank account. Can you help me out please?
Thanks

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1 Answers
Steven Hay answered 3 months ago

Hi Jenna,
 
OK, I can’t personally vouch for this site as I haven’t used it, but I’ve seen a lot of people talking about it and so far heard no bad reports. The site is called LocalEthereum.com – it’s a decentralised exchange for ether trade, a lot like LocalBitcoins.com. 
 
Just put in your desired selling method as cash and enter your city and you should get a list of cash buyers. If you don’t like their prices, you can create your own order and wait for someone to contact you. You will then meet up with the person face-to-face and exchange your ETH for their cash USD. The site has features which make the transaction safe for both of you, so be sure to read up on those and use them first.
 
There are some tips for cash trading in our Buying Guides > Buy Bitcoin with Cash article. Briefly, you should meet in a secure public location, check the seller’s money if there’s some doubt about its authenticity, not trade with anyone who discusses anything illegal and exercise common sense. If you follow these rules and the site’s instructions, it should work out well for you. You can also earn a bit more for your ETH than you would selling them on an exchange – buyer’s will pay extra for the increased privacy of this method.

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