axlsix3 wrote:
Brand new to crypto here. My cousin owed me about $200 for a hotel room so I thought what the hell, let's throw it in ETH and play it out. He got me set up on Argent but if I wanted to, how would I get ETH converted over to USD and then transfer to my bank account, if that's what I wanted to do. It's not exactly clear but it sounds like I may have to go through another app to do this?I'm not familiar with Argent, if you are in the US, you'll have to move the ETH to an App like Circle or Coinbase (you'll have to link and set up your bank account), I think PayPal also is now set up to use Crypto..so can just spend it via paypal app. I have not used any of these apps though so only suggesting you look at them, I only have experience using big on-line exchanges (below):
Or just set up directly on an online exchange like Coinbase (again you'll have to link a bank account). Works same way as an Equity exchange like Ameritrade or Fidelity, etc... you'll have to transfer your Eth to the exchange then sell it for USD, then withdraw it to your bank.
I should say the generic/easy apps typically charge more fees or have a larger spread penalty. you'll always get better pricing and less fees with an actual on-line exchange. But for only $200, you may not care and just looking for the quickest and easiest.