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?
Ethereum is a blockchain. A blockchain is a public database that is updated and shared across many computers in a decentralized network (source: ethereum.org). In a such blockchain, writing some records on it requires users to pay in a native currency : ETH for the Ethereum blockchain.
ETH is the second largest blockchain, after Bitcoin. This database has never been hacked, as Bitcoin.
Ask to be paid in ETH. If you prefer, you can convert it in USDC (token that is pegged 1:1 with US Dollar) without any approval or bank, just using your Internet connection.
Some homework for you:
- Read Ethereum.org
- Create your wallet: download metamask extension for your browser and then follow the steps.
- Copy your public address and give it to your client.
- Enjoy
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Lol
Ethereum? Well it gives you free money, so if anyone emails you regarding free money that’s just how Ethereum works, make sure to give them all your money and details, by giving them access to your money you win.
Where as research, caution, understanding fundamentals to do with your investments, those are all scams.
Free money = Official.
Financial Technology = Scam.
{{{satire}}}