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?

  • mpfortyfive@alien.topBEnglish
    1·
    10 months ago

    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.topBEnglish
      1·
      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?

    • Parking-Psychology35@alien.topBEnglish
      1·
      10 months ago

      This is the best advice for a new crypto user who is just looking to accept payment. Exchanges are easiest in your case, because If you were to use a wallet like metamask, you would have to send it to an exchange anyway to withdraw it to your bank. With coinbase in the U.S. you can even withdraw directly to PayPal if you don’t want to connect your bank to the exchange.

      If you end up liking crypto and want to hold long term, I recommend getting a hardware wallet.