As one of the world’s most famous and attractive tourist hubs, the UAE attracts thousands of tourists and visitors annually. If you are also among those who want to pay a visit to Dubai or one of the other contemporary cities in the United Arab Emirates, it is necessary for you to carry its currency, meaning the Arab Emirate Dirham (AED). Apart from the conventional and time-consuming methods of buying and converting fiat currencies, one of the easiest ways to buy AED is by converting cryptocurrencies like ETH to AED. Follow the rest of this article to learn how.
The growth of cryptocurrencies in recent years has made them find their way to the most basic and everyday mediums of everyone’s life, that’s why converting Ethereum to AED could be extremely beneficial for those who are living or staying there for a while. Being the world’s second largest crypto asset, Ethereum comes with a number of other benefits too. That’s why as a reliable payment platform, PayPax provides aafes and secure means of converting crypto assets to other major crypto and fiat currencies like AED. Here is how you can easily buy Ethereum and convert your Ethereum to Dirham on PayPax.
Instancy is the first thing that comes to mind in the case of money related purposes and financial aims. ETH to AED conversion is no exception of course. Traditional exchange methods won’t be highly responsive in this case. Imagine you have a friend in Dubai who you want to send Ethereum to in the form of AED. The first step for you would be to sell your Ethereum in exchange for the US Dollar. Next, you have to find the best AED rates and exchange USD to AED. Finally, you have to ask for the person’s bank account number or ID and transfer the money through wire transfer which normally takes up to 1-2 working days.
However, if you look for instant and rapid deployment of your Ethereum to AED conversion, you should look for it in an all-in-one payment provider that will wrap the whole process up and shorten the amount of time and effort on your side. A payment provider will also cut down on your expenses by eliminating the intermediaries and bringing you the most cost-effective fees for your ETH to TRY conversions.
Once you exchange your ETH to Dirham, you’ll be able to store it in a highly secure internal wallet or convert it to a variety of other assets available for you on PayPax. In case of any occurring technical issues, you can keep in touch with PayPax support team 24/7 to resolve the issue and have a hassle-free experience of converting ETH to AED. What's more is, with PayPax you can exchange Ethereum to AED and withdraw AED both in the form of cash from our business counterparts or directly in your desired bank account.
When initiating any sort of transaction, you need to watch out for the costs you should be paying. Ethereum to Dirham is no exception of course. Before exchanging ETH to AED you should not only check the fees you are charged with, but also compare and contrast them with other available options in the market to be able to choose the best. PayPax fees are the most cost-effective, updated any minute based on mid-market data. The table below shows the exact fees for your Ethereum to Dirham exchange:
|ETH deposit||0 ETH|
|AED bank Withdraw||0.5%|
|AED cash withdraw||0.5%|
In order to exchange ETH to AED, first you need to create an account on PayPax. Next, login to your dashboard and follow the rest of the procedures.
1. Deposit Ethereum
In order to exchange Ethereum to AED, first you need to choose the wallet icon from the left menu of your dashboard and choose “deposit” next to Ethereum in order to top up your PayPax Ethereum wallet.
2. Sell Ethereum
Next, you need to go to the “buy/sell” section again from the left menu of your dashboard and sell your Ethereum for USD Dollars. Choose Ethereum in the first and USD in the second field and enter the amount you wish to sell.
3. Convert USD
On the final step, you’ll need to convert USD Dollars to Dirham. For that purpose, go to the wallet section on the left menu of your dashboard once more and click “convert” next to USD. choose AED as your desired currency and click “confirm and convert”. Note that the minimum amount for your USD to AED conversion is 1000 AED.
4. Withdraw AED
On the final step, you need to visit the wallet section once more and click “withdraw” next to AED. you can either choose to receive AED in your bank account or to get it in the form of cash from our business counterparts.