The Ethereum system was created specifically for developers of decentralized applications and smart contracts. The money earned in this way can also be spent on the Internet, but this does not compensate for everyday expenses. This means that having received Ethereums, you will have to figure out how best to convert them into cash Euro.
Overview of methods for exchanging Ethereum for cash
Online exchangers.
This is the most common way to change Ethereum (ETH) to Cash euro, and you can see the list of available services at bestchange.com/ethereum-to-euro-cash.html.
If after the exchange the client needs to receive the received amount in Cash Euros, then there may be two options:
- receiving at the exchange office or through a courier;
- transferring money to the client’s card.
Using exchange services is simple and convenient, no complicated and confusing actions, and registration/verification are provided. The downside is the rate, which is higher than with the p2p option, as well as the risk of running into scammers. But at the same time, the security of the transaction is ensured if the user turns to a reliable and proven service.
- Crypto ATMs.
This option for cashing out Ether cryptocurrency is also possible, but this is still a rare method. Its main advantages are the speed and security of the transaction, but so far there are only a few crypto ATMs, very few cities where they are.
- Deal with a private person
This is another option in which you can immediately receive Euro cash for ETH. You will also be able to avoid commission costs, as in crypto ATMs, but this option is full of disadvantages. Firstly, the transaction is concluded by strangers, which means the risk of fraud on one of the parties is high. Secondly, there may be deception regarding the rate, so always keep an eye on the relevance. You can quickly check the real exchange rate at Bestchange. Thirdly, it is a waste of time, because you can spend a long time looking for someone to make a deal with.
Why Ether
On the platform of this digital unit, it is possible to create new projects based on blockchain technology, from simple Tetris to multifaceted programs. Flexible virtual currency can be used as:
- a payment instrument on the Internet;
- a storage of your own savings and conducting financial transactions in electronic form;
- currency for concluding “smart contracts”, which the system considers complete only if all the conditions set by the parties are met.
So Ethereum works within the network, but the resulting asset will not be superfluous in real life, which raises the question of converting the “digit” into fiat. The easiest option for such a conversion of money is exchange services on monitoring sites such as BestChange, where a listing of the best electronic exchangers is presented.