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How to Convert 0.08 Ethereum to USD – The Easy Way

Ethereum is one of the most popular digital currencies and a popular choice for those who want to get into cryptocurrency without having to deal with exchange fees and lack of regulation. Ethereum differs significantly from Bitcoin in that it’s compiled with smart contracts, which provide a lot of value as they make decentralized applications easier to understand and build upon. Ethereum has been on a tear over the past few months, with its value increasing fivefold between June and November 2017. This growth is likely due to several factors, such as the fact that many users believe Ethereum will become the world’s first truly decentralized system, or that it’s capable of faster transactions than Bitcoin due to its use of Smart Contracts. With all this in mind, you might wonder how you can convert 0.08 ETH (the smallest unit of Ether) to USD using Coinbase. If you own Ethereum and plan on holding it for long-term investment purposes, this article is for you: How To Convert 0.08 Ethereum To USD Using Coinbase.


What Is Ethereum?
Ethereum is a digital currency that runs on the blockchain, a decentralized, distributed, and public ledger where all transactions are verified and recorded. Blockchain technology allows users to create applications that use the digital currency without a centralized bank or government. The blockchain ledger means that every transaction is stored and verified and cannot be changed or deleted.


How To Buy Ethereum
The first and most popular way people buy Ethereum is through an online broker like Coinbase. The person who wants to buy Ethereum will create a profile on the brokerage website and then search for offers and deals that fit their financial needs and budget. The person who wants to buy Ethereum will then go through the buying process, which usually involves providing some personal information like name, date of birth, address, and financial data. The person who’s buying Ethereum will then see a list of possible cryptocurrencies they can buy, as well as their own local fiat currency.


How To Sell Ethereum
The other way to sell Ethereum is through an online brokerage like Coinbase. The same process goes into making a trade, but instead of buying a specific cryptocurrency, the brokerage owner will list all the available digital assets, and the person who wants to sell can choose which one they’d like to sell. Once again, the person who’s selling has to provide some personal information, like their name, and the type of cryptocurrency they want to sell. Then, the selling process will take place online and involves providing the buyer with some personal information, too, like name, country, and date of birth. The owner of the cryptocurrency then gets their money back, and the blockchain ledger is used to verify the transaction.


How To Get Ethereum Instantly
If you own cryptocurrency and have been holding it for a while, it’s time to start thinking about the future and how you want to store and use your investment. For many people, this is when they think about getting Ethereum instantly: through an online brokerage like Coinbase. The buyer goes through the same buying process as described above, but instead of buying a specific cryptocurrency, they choose to buy the brokerage’s listed cryptocurrency. Then, the buyer has 24 hours to get their money back from the brokerage before the blockchain ledger confirms the trade.


Conclusion
The article How To Convert 0.08 Ethereum to USD – The Easy Way was written to help people get into cryptocurrency without having to deal with exchange fees and lack of regulation. Ethereum differs significantly from Bitcoin in that it’s compiled with smart contracts, which provide a lot of value as they make decentralized applications easier to understand and build upon. If you’re interested in how to buy and hold Ethereum for the long term, this article is for you: How To Convert 0.08 Ethereum To USD Using Coinbase.

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