How To Cash Out Cryptocurrency
How To Cash Out Cryptocurrency
Ethereum stands as the second biggest cryptocurrency in market cap and has become a popular asset to add to an investment portfolio, along with the leading Bitcoin While it’s based on the same concept of blockchain like Bitcoin, it has a different view on how the technology can be used. Ethereum’s token, Ether, acts as the payment method which can be used to perform or execute an operation.
Read here for a full guide to Ethereum
Coindirect offers a free Ethereum wallet which allows you to store your Ether tokens. Through this wallet, you can buy, sell, send, and withdraw Ether.
Once you have signed up for a free Coindirect account all you need to do press the ‘Receive’ button to reveal your Coindirect Ethereum wallet address.
If you are in South Africa or in Europe in a SEPA country you can deposit ZAR and EUR into your Coindirect ZAR Wallet or Euro Wallet respectively.
To fund your account you have to transfer money using bank transfers. To get the funding instructions so that your account is credited:
You can sell Ethereum from your Coindirect wallet by clicking the ‘Sell’ button in your Ethereum wallet.
If you are in a SEPA region or South Africa. You can sell your Ethereum and instantly get money transferred to your Wallet (ZAR or EUR).
If you are in another region with no local currency wallet. You can sell your Ethereum by creating a sell offer on the marketplace.
Please note that Coindirect has limits for credit card purchases in place.
Make sure that your account is verified so that your credit card purchase limits are increased.Currently, the limits for credit card purchases are:
Unverified users – R3000/€178
Verified users – R15000/€893
Invite others to Coindirect in order to earn free Ripple (XRP) tokens. To do this, login and click the “Earn” tab. You will receive 5XRP for every person you invite who makes a transaction. Once you have earned XRP in your Ripple wallet, you can store it, transfer it to another cryptocurrency, or withdraw it for your local currency.
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