Coinimal builds most advanced Ethereum sell option in Europe

Eric Demuth
29 Mar 2016

Austrian bitcoin start-up Coinimal is launching a new feature to allow customers to sell Ethereum and Ethereum expert Ralph Pichler joins the team.

Having offered customers the opportunity to buy Ethereum since August 2015, Coinimal is now launching a ‘sell’ feature to allow users to convert their ETH back to fiat quickly and easily.

Although Ethereum has proven extremely popular amongst traders and investors, there are few straightforward options for selling and withdrawing funds to a bank account. With the most popular exchanges being based in the US, or offering predominantly ETH<>BTC trading, it can be time-consuming and expensive to jump through the hoops required to realise any profits.

Coinimal’s emphasis is on speed and simplicity. The platform offers several different ways to buy and sell crypto, with nine different funding options and withdrawals possible using Skrill, NETELLER, SEPA transfer or PayPal. In ETH’s case, trades are not only fast and simple but are powered by Ethereum’s own ground-breaking technology. “We are happy to announce that Ralph Pichler, an Ethereum veteran and smart contracts expert from Austria, joined Team Coinimal to bring about the implementation – making us the first exchange to use smart contracts to streamline deposits.”, stated Coinimal CTO Christian Trummer.

In addition, customers can also cash out their ETH for Amazon.de vouchers. These are original vouchers, available in any denomination. They can be spent on anything in Amazon.de’s German marketplace.

For new users, getting started with Coinimal has been made as straightforward as possible – particularly verification, which can be carried out in minutes via webcam chat. Unverified accounts can still sell up to €1,000 of crypto per day, with a total limit of €30,000.