How to receive EUR with crypto?
This is a good question because cryptocurrency prices are extremely volatile. The answer is stable coins, such as Tether EURt or EURC. Let us walk you through the process of obtaining stable coins and transferring them to your Euro bank account.
1. First, set up Coin Wallet.
2. Agree with the sender on the stable coin you'll use. Check to see if your country/region has providers who sell stable coins.
3. Make sure your country/region has providers for buying native blockchain coins. Why? Because transferring stable coins requires a network fee, which is charged in blockchain's native coins. For example, in order to transfer EURC via the Ethereum blockchain, you must have some ETH on your balance.
4. You are now ready to receive stable coins. Copy your stable coin wallet address and send it to the sender.
5. After you receive stable coins, top up your native coin balance.
6. Click the "Sell" button, select your country/region of residence, select a provider, and follow login instructions. In most cases, you must complete the KYC process, which involves verifying your identity, address, and bank account.
7. Following that, the provider will direct you to transfer stable coins to the deposit address. Click the "Send" button, enter the deposit address, the amount of stable coins, and confirm the transaction.
8. As soon as the sell provider confirms the deposit, the converted amount of EUR will be transferred to your bank account.
If you have any issues, please contact our support team at support@coin.space.