Ethereum is the largest and most popular cryptocurrency in terms of market capitalization! The worth of the Ether coin has remarkably increased from its inauguration in 2015 to 2022.
How to Convert ETH to EUR? [Top 3 Exchanges]
Moreover, cryptocurrency adoption has also grown significantly over the past few years in various regions of the European community.
Also, the United Kingdom is the dominant country in terms of crypto adoption compared to all the other European countries out there.
So, European people convert their money into EUR from ETH to utilize EUR for trading and other objectives. Further, you can also transform a minimum amount of Ethereum to Euros, like 0.088 ETH to EUR.
In this article, we will share a step-by-step guide for converting ETH into EUR using a Coinbase as the exchange. However, there are numerous other exchanges like Bitstamp, Kraken, Binance, and Coinmotion.
1st Step: Sign up and get your Coinbase Wallet Address:
First, you need to register with Coinbase by following the on-screen instructions. You’ll be asked for some information to authenticate your identity, including your driving license, passport, telephone number, or ID card.
After registration, go to ”Accounts” at the top of the page, select ”ETH Wallet”, and tap on ”Receive”. This step will permit you to copy your private wallet address – keep it private!
2nd Step: Forward your money to your Coinbase wallet:
Now log in to your ”Ether wallet,” and you’ll receive an option for ”Send” or ”Receive”. Further, the account will ask you for a ”Address” (a private address you copied from Coinbase) and the amount you’d need to send. Moreover, you’ll also require paying some fees for processing your transaction.
However, Ethereum accounts don’t allow immediate transactions, so you should contemplate waiting around 30 minutes for your transaction to show in your Coinbase wallet.
3rd Step: Transfer your ETH funds to a EUR wallet:
After you’ve received the ETH money into your Coinbase ETH wallet – it’s time to transfer it to your EUR wallet on Coinbase! Moreover, this can be automatically set up in your country’s currency if it is one of those sustained by Coinbase.
Further, the process of transferring ETH to EUR is relatively easy – choose to sell, go to the relevant wallet, select the amount to sell, and then tap the button to trade.
However, Coinbase imposes a fee of 1.49% per transaction, so you can enhance your earnings by trading more significant quantities episodically.
Note: If you want to change your country, you can do this in account settings. However, ensure that you do this before transferring your ETH to a traditional wallet.
4th Step: Make your first transaction:
You need to verify your bank account for transferring funds from your Coinbase to your bank wallet. For this purpose, you need to send a small amount of money to Coinbase for account verification.
So, after getting a verified bank account, you can finally make your first transaction! It’s easy – go to accounts at the top of the page, pursue your EUR wallet, and then choose ”Withdraw”.
Have you earned ETH funds and want to start spending them? The number of stocks that receive cryptocurrencies is developing, but the easiest method to use your ETH money will be to exchange it for your traditional currency. So, if you’re a European resident and want to convert ETH to EUR – don’t look further!
Our article is the ultimate guide for you as we’ve described some steps for converting Ethereum into Euros. Moreover, you can check the new crypto exchanges to convert other currencies like ADA to AVAX.