@gamerveda, this is quite helpful. And, I thank you a lot for sharing some really valuable information. But I think Bitcoin is not the last money that anyone wants. Everybody is interested in changing btc to their own local currencies. So, it's important to keep in mind the transaction charges that we'll be charged for converting btc also to a different currency. What do you think?
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If you are in India then Zebpay or LocalBitcoins.com may be the best option if you are looking to get INR for your STEEM. You could use Changelly.com to convert STEEM to Bitcoin (they take .5%) and deposit it directly to your wallet. Then use Zebpay or LocalBitcoins to sell it for Fiat. Keep in mind there will be costs associated with either service to convert back to Fiat. Just the nature of the game. Hope that helps
Be careful with localbitcoins though, never ever disable the escrow function, and never meet in person in a private place.
Yes, that's really helpful. And yes, zebpay is the one that converts btc to rupees and I'll use it definitely. But I've heard that bittrex etc charge 0.25% for local transactions but external transaction charges here are high. That's why I just wanted to do it in poloniex. Till then, I'm going to earn at least 100 sbd. And I just hope poloniex starts working by that time.
Thank you so much for your time and comment. :)
Well, what's best is to do a little homework and find out what the costs actually are since the actuals seem to be your concern. Good luck
Thanks a lot @gamerveda. That's a lot of help, I must say. Moreover, yes I'm going to learn a lot of things about it and find out everything. It is a little difficult for the newcomers because everything is so dynamic. You start understanding it and at the same moment everything changes. It is a big challenge. Thanks again for your efforts. :)