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Would anyone be willing to give me brief explanation of what exactly Ethereum is/does and any scams to look out for? (alien.top)

submitted 10 months ago by WannabeAGhoatStory@alien.top to c/ethereum@blockchained.world

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Hi! I am a digital artist and I have had a few offers made on my art but they buyer wants to pay with Ethereum. I don’t know much about cryptocurrency and even less about Ethereum so I don’t know if this is a scam or not. Would anyone be willing to help me out?

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[–] mpfortyfive@alien.top 1 points 10 months ago (2 children)

Create an exchange account, like Coinbase or Gemini. Go to "receive crypto" -- select ETH (not ETH classic), you will get an ETH address (42-character hexadecimal address derived from the last 20 bytes of the public key controlling the account with 0x appended in front.). Send this to your buyer and now they can deposit funds in your account. If they are legit, this will be acceptable to them, otherwise they are running some scam.

[–] jihyoisbae@alien.top 1 points 10 months ago

Hi! I'm in a similar situation to OP - in my case, I already received some USDC through Coinbase. I'm curious to know, how to get the money out of the platform - my wish is to use the money & since I'm not based in the US I have to send it to another wallet. It says that I have to buy ETH at least once ($31 ish) in order to do that.. am I correct?

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