Cash out my first SBD to Ringgit > a great present to end 2017

in #teammalaysia7 years ago (edited)

After reading many guides on how to cash out SBD from fellow TeamMalaysia Steemian: @bitrocker2020 @superoo7 @francesaw (Can refer their articles at bottom of this article)

I decided to test it myself as well in this very last day of year 2017 and make it a memorable day. Verify if SBD$$ can see cannot eat??

So I follow step-by-step by these seniors to first register 1 account in Remitano (Fantastic about Remitano is unlike other Fiat-Crypto Exchange, Remitano can immediately setup account and use !)

If you don't mind, can access to Remitano via my Affliate link below : cari makan link 😎
Remitano- auleo

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Step 1:Setup account in Remitano

Fill up the email in the registration page, then they will email you for verification purpose:
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Choose the username you like in Remitano:
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Then you are done in Remitano account registration, simple right?
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Step 2: Associate the transfer request from Steemit

Go to your own page, under the "Wallet" tab , Click on the Steem-Dollar, then a pop-down list appears: (Choose "Sell")
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Then the server direct you go Blocktrades page and ask what cryptocurrency would you like to convert to : (I saw there is $30 USD charge to convert to Bitcoin) Pandai-pandai choose others
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Go back to your wallet tab, at Steem Dollar, choose "Transfer" at the pop-down list:
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[Note 1 : You have to follow @blocktrades in order to transfer to it , ## Do take note with "S" behind ## , i made mistake without "S" previously]
[Note 2: Copy the memo as in the last 2 photo above, and fill up Memo column]
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()

After submit, wait awhile before the transaction is captured in Completed tab:
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When the transaction done, you can see you already exchange Steem Dollars to other Crytocurrency , for my case, I changed into ETH, so it appeared in my Remitano, I received some ETH.
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Step 3: Convert Crytocurrency (ETH) to Ringgit (Maybank, CIMB , Affin) in Remitano

Go to Remitano Dashboard, look for "List of buyers". As you can see, It depends on the other party which bank they prefers, And some of them also put minimum ETH they want, so we will have to stroll 1-by-1 slowly to look for buyer that fulfill your requirement eg Your preferred bank and crypto amount.
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So in my case, I found James Bond as my counterpart: He has Ringgit, I have ETH , so we Exchange at Remitano
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Fill up your Account Number &, Name
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Reminder to you: click "I have received payment" once money go in your account:
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The buyer need to transfer in $$ to your account in 15min:
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Buyer send in the money to your account (Mine: Maybank) , once tranferred it appeared in Maybank2u immediately, Remitano system will capture , Email will send to your registration email.
Once you confirmed $$ received in maybank, Click the "I have received payment"
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Hope you find this step-by-step guide useful to you . I have a wonderful last day of 2017 converting crypto back to fiat money close-to-instantly , The magic number 8814 indeed a Good Number !!

I checked Remitano can be done in Singapore bank account as well but seems less popular among Singaporean peers

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Below the guides I previously read for today transfer

Bitrocker2020: Remitano-An alternative to LUNO or LOCALBITCOINS
Superoo7: Cash out my first SBD to RM
francesaw: My 1st SBD Withdrawal Was A Success!

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Great information.

Thanks for sharing. Reading about these examples is going to guide me for when I cash out for the first time in the near future :)

Welcome @nazreen. Hope this would help newer comer .

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Well done! 2 weeks ago without steemit, I never thought of making money with just blogging. Cashing it out just prove to my friend this thing is legit 😁

haha @superoo7 wanna thank you once more for the guide also :)

no problem, Happy New Year 😂

Congrats on your first withdrawal. Upvoted and resteem!

Thank you very much @karinzdailygrind

so nice and convenient right ?? awesome @auleo ..... =)

yaya thanks your recommendation to Remitano also. @bitrocker2020
I think in future , i also can use it for other usage. Better than crypto-exchange that send back to bank account charge for service fee.

One more thing ... From steemit make sure the transfer is to blocktrades with the "s" ... In your picture it's blocktrade

Ok @bitrocker2020 , I previously did put a note on top reminding people not to miss the "S", but I think to prevent fully people made mistake, better make a photo without mistake. So reedit the photo and changed.

Congratulations @auleo! Your post is very comprehensive. Others will surely find it useful. Resteeming your post.

thanks for sharing
congrats mate

very detailed guide there! will refer again when im ready to cash come moolah out!

@denion, thanks . The cash out days definitely will come

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As newbie, I am happy to know that this can be cashed out, Thanks

yes, follow tru my guide, should lead you for real money :)

Thanks for sharing. Great post.
Is Remitano the best option for cashing out to SGD ?
Any other options available ?
Is it better to keep earnings in SBD or Steem, and then convert to local currency ?
Thanks.

I think best part of Remitano is fast to cash out, as it serves purpose of middle man between coin seller n buyer. Other crypto exchange, I've not tried any yet for cash out. But I think the Bank wire fee might take a big chunk, I know coinbase got branch in spore, but never explore how much fee of withdrawal.

From sbd convert to other crypto eg ETH n litecoin, actually u r not limited to remitano,as many exchange can chg Eth to cash. Just how to strike balance of withdrawal fee, and withdrawal duration. My 2 cents.

Thanks for your insights 🙂
Will explore further.

2nd question, I dunno answer as also new . Recently seems like steem value up a lot compared steemdollar. There are limited exchange provide sgd base, normally crypto are against USD, and I personally think USD might down slightly in near future.

所以5steem dollar拿到rm88大概这样吗?还不懂哪一个是可以兑现的哈哈

是3SBD, 那时候SBD 的价钱比较高,所以就换到RM88 咯

Estimated account value 是什么用的?

我猜是根据你户口里面的Sbd ,steem power 的steem 价格,而算你的户口总值吧?