Have you cashed out any STEEM or SBD yet? I would be interested in learning the easiest and safest way to do this.
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Have you cashed out any STEEM or SBD yet? I would be interested in learning the easiest and safest way to do this.
Two major exchanges trade SBD and STEEM - bittrex.com and poloniex.com. As of the time of my typing this bittrex.com has frozen new account creation because of surge in demand / server overload, but poloniex.com is still accepting new members. In either case, you will have to jump through lots of hoops to include a picture of you holding your ID, hand writing out a statement saying you are signing up with date and signature, and giving up your first born son. One of those things may not be accurate :) The basic process is to transfer your SBD or STEEM to the exchange you have an account in, than trade it for a currency like bitcoin that is easier to turn into fiat currency. With bitcoin for example you can get a bitpay card which is a Visa debit card that you can load with bitcoin - the market price for bitcoin at the time you load the card is how much money you have to spend. Feel free to reply if you have questions :)
I have not been down that road, hopefully someone who sees this will respond and we can both learn together. I believe you set up with an exchange to do that and here is the link in the faq's that give the info they have, but with over 200 different exchanges I'm sure there are many firms to do this.
https://steemit.com/faq.html#How_can_I_withdraw_my_STEEM_or_SBD_coins
How can I withdraw my STEEM or SBD coins?
STEEM and SBD tokens are readily tradable to bitcoin, which is readily tradable to the local currency of your choice. There is a link to "Sell" your STEEM and SBD tokens in your wallet, which uses the BlockTrades interface.
There are several guides that have been posted by users in the community for using various external exchanges to withdraw STEEM and SBD tokens. Please read the disclaimer before using any of these guides to withdraw your coins. The users, guides, and exchanges listed in the guides are not endorsed by Steemit, Inc. Use the guides below at your own risk.
It is recommended that you withdraw a small amount first, to verify it works before withdrawing a larger amount.
Sell Steem Dollars via Poloniex
https://steemit.com/steemit/@ash/steemit-how-to-sell-steem-dollars-via-poloniex-newbie-friendly
Withdraw Steem Dollars to a Bitcoin address
https://steemit.com/steem-help/@piedpiper/how-to-withdraw-your-steem-dollars-in-less-that-a-minute
Convert Steem Dollars to a country’s currency and withdraw to a bank account
https://steemit.com/tutorial/@beanz/how-to-get-my-usdteemit-money-into-my-bank-account
Convert STEEM to many other cryptocurrencies via ShapeShift
https://steemit.com/steemit/@shapeshiftio/official-announcement-shapeshift-has-added-steem-to-the-exchange