BlockTrades (https://blocktrades.us) is now accepting Steem Dollars as a means of purchasing other cryptocurrenicies including Bitcoin, BitShares, DAO, Dogecoin, Ether, and Litecoin. Other pairs will be added based on interest expressed by customers.
We expect that Bitcoin will be a popular early purchase with Steem Dollars, since Bitcoin is one of the easiest cryptocurrencies to convert to cash. If there is sufficient interest, we'll also add OPEN.USD and USD Tether, which can be exchanged 1-1 with US dollars on OpenLedger and Bitfinex, respectively.
Note for new users: there are several tutorial posts under the blocktrades category that cover how to buy bitcoin with Steem. Buying with Steem Dollars is essentially the same, just select Steem Dollars instead of Steem as your input, and when you transfer your funds, click on your Steem Dollars balance in your Steemit wallet instead of your Steem balance (example https://steemit.com/@myaccountname/transfers).
You have a typo in your url.. https://steemit.com/@mayaccountname/transfers
Thx, dan, fixed it! (also, you have a typo in yours too :-)
LMAO :P
YOU ARE MY HERO!
so it's 8.6 Steem Dollars for 0.01 BTC ($6.73) - hope it gets better after some time
I'm sure it will, as people start to trust Steem dollars more. We're relying on pricing from internal markets (there's no other market that supports Steem dollars yet).
yeah, can't blame you. I know from @suika that she paid a rather hefty fee to get money out. bright side is, I convinced her to keep her steem power & to post on :)
hmm... I wonder how long until STD hits the expected peg to the USD
I think this is very cool, at least may be added to link affliate
This is a great step forward. Soon you will be able to cash out your SBD into Bitcoin or BitUSD or OpenUSD through blocktrades. What does that mean? Within a few days you finally can use your SBD to buy a cup of coffee or get a beer at a bar near you!! Steem is a revolution of work!!
This is awesome :)
good job
Thank you!... can we expect to see Bitcoin to SD as well?
Yes, we'll add this as soon as we build up some inventory of SD. I don't expect it will take long for that to happen.
This is really useful, if the fees will be reasonable.
Well done.
nice post, i think steeem come to big
Hello BlockTrade. Need you help I believe. I purchased .01 btc of steem power, and saw success, so then I sent .18 btc to the same address provided by the Blocktrade from within the steemit.com site.... then I received an error....
Transaction History
Broadcasted 43 minutes ago, 0.01 Bitcoin → 1.959 Steem Power
unknown_error_sending_output 39 minutes ago, 0.17999999999999999 Bitcoin → 35.086 Steem Power
can you guys help??
Hi streetstyle, Looks like it's been taken care of by someone here already, I see it went out about 19 minutes ago.
Yes it went through. I think it kind glitched when I sent bitcoin to the same address twice, making the exchange take about 50 minutes before receiving the Steem Power.
Why ? why ??(( https://steemit.com/steemit/@rublevoy/why-steemit-0-912-sbd-exchange-for-0-00012205-btc
Downvoting because this post doesn't deserve hundreds of dollars...