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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 11 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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[–] jihyoisbae@alien.top 1 points 11 months ago (1 children)

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?

(sorry I'm copying & pasting from another comment)

[–] mpfortyfive@alien.top 1 points 11 months ago

Normally you would hook it up to your bank and deposit USD into your account. If this isn't an option, then next thing I would look at is if there is an exchange in your country that can be hooked up to a bank account. If that isn't an option, many countries have BTC ATM/cash machines. This would require you to convert to BTC first I think, idk if they accept ETH. It seems normal that you would need a little ETH to convert transaction costs. What country are you in ?