With all of the new users on Steem I thought it would be appropriate to give an extensive overview of how to cash out Steem and Steem Backed Dollars (SBD) for Bitcoin and cash. You can sell your Steem on many exchanges but I choose BITTREX (BITcoin TRading EXchange) because I trust @bittrex-richie's security skills and his elite team!
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Now that was thorough!
Excellent job man.
Absolutely. Step by step, through the entire process, just like you once walked me. Thanks for that.
Hey, thanks for the tutorial 😀
I've got nearly $7,000 in my Steemit account, my rep is a hair away from 65...
I keep powering up because I like my votes to give other people $$$...
Zero intent of cashing out at the moment, but when the times comes, I've got a SWEET step by step guide thanks to you!
Cheers for that, Steem on!!!
@scan0017 🙇
I agree, absolutely.
I've been here since September and if I wanted to cash out, I would have, BUT! no interest in doing so for many, many years.
I sincerely appreciate your post; once again,
My thanks 🙂
This post rocks harder than a chunk of granite in an EZ glider chair. Thank you so much for all of the detail!!
Hope the skates bring you no small amount of joy!
Harder than a chunk of granite in an EZ glider??????
Heh! You don't think that igneous rock in a rocking chair is totally rockin?
Dang! Double the joy! lol! No solid surface is safe!
Wow, I can use this information!! Thanks!!
This is very helpful. I was about to make a post about it but since you have already made it, I'll just resteem this. Last night, I was teaching a new member on how to cash out from steemit and this post is very useful to conclude the conversation.
don't let that stop you...do it anyway..they more way's it's told the easier it is to understand..
this is an easy thing to do...but REALLY damn hard to explain.
You explained it very well.
Yeah right
Pretty cool instructions - I did this last week, less the shift card. Sold the BTC on coinbase and it deposits to one of my checking accounts.
HOW did you get it to DO that?
I don't need any more plastic.
When I wanted to buy bitcoin last summer I attached a checking account to my coinbase account, then bought bitcoin and it withdrew the applicable amount of cash.
When it came time to sell it did the same. I sold my bitcoin on coinbase and the proceeds got sent to my checking account.
sounds SO simple...until I sit down to try it.
(mind goes blank)
Haha....in Coinbase go to your settings and then click on Payment Methods and I believe you can add it there.
I've been fighting it all day...two or three days actually.
and tomorrow is another...maybe then.
If I wasn't so Crazy, I meme lazy, I would've done something like this for you. This what what I was talking about when I commented on your earlier post. Sorry I wasn't as clear and informative as THIS post. Definitely worth a Bookmark.
Steem On Gents!
dont sell ur coins if u can! keep ur crypto, u know ur cash is just gonna be less valuable if u switch ur crypto for cash! if u do need some cash in real life use some extra steem..ill walu throgh how u can coonvert ur steem to btc and btc to cash at ur local btc atm , ill help u over phone if u need man just email me i like helping peole learn bitcoin fiatt gateways also localbitcoin.com to sell your bitcoin for spot or even a few percent profit! iff u put an ad up for a small amount at spot someone will cal or email u immediately in ur local area for a local public coffee shop private exhange btc for cash...u might find urself a local cash btc dealer too that can take care of that need ...that might end up working best for u...
I can help you do it man just email me [email protected] i will take you step by step over the phone if u want i have multiple ways you can get your steem converted to btc or cash ill even do it for you and i offr to buy steem for cash for people who dont wanna do all this ...its second nature to me now to sell steem for btc and bbtc for cash....i have so many backups theres no ay i cant sell stem for btc i have like five diffferent methods to exchang steem for btc and then over five ways to exchange tc for cash! once i have cash i can even send youa preloaded visa cards numbres or whatever u want ....or even ddeposit cash in ur bank if u have an account with a big commercial bank i ca just go to or we can even use walmart money transfer...u can ddo this with anyoe too doesnt have to be mee if u wanna do it with someone else u know etc :)
That's my next step too. Need money to build the house (thanks to steemit).
Nice! I might be able to build a dog house. Don't get quite the same level of love as your posts. My financial stuff bores people...LOL.
It only recently jumped up like that, but I know what you mean. Still, this is just the beginning, imagine where STEEM will go to one day... (perhaps)
Exactly, thats why I keep building my SP. Power up baby!!! Btw, assuming you already have a coinbase account, but if not https://www.coinbase.com/join/57bb94d84f92db03ca5f19b4 that sign up link will earn us both some btc. @everittdmickey, feel free to use as well! :-)
I got coinbase, just need to look into how to transfer to a bank account.
thanks for sharing
Thanks for sharing... Now, take a peek at my Page of Posts...
@pocketechange
who is richie?
holy pow wow. this is amazing. i have always wondered why bittrex seemed to safe.
Thanks.
Thank you for the excellent post. Resteemed.
Great explanation step-by-step. Bittrex is also a great place to trade cheap shitcoins like penny stocks.
after I reread that about twenty times...
I might understand it.
I got the bittrex part...(done that)
and I have a coinbase account.
now I just need to find the coinbase wallet AND how to get the debit card.
It was a lot for me too... A LOT.
But now that it is done, I can spend up to $1000 USD off of my shift card per day, just that easy....
I'd settle for that much a month (help with the rent)
Right, that's just the limit. $200 at ATMs and $1000 total.
Very good I go and look :)
I had a chance to play with Bittrex this past week and am loving it ;)
Rsteemed
Thx
oooorrrr just send steem to poloniex, sell for btc, send BTC to Bitpay debit card BTC wallet ($10 One time charge to buy your bitpay debitcard bitpay.com ) ...I just got my card a few days ago after just a few days after ordering it!
There are many btc debit cards to choose from...New monaco ccard just raised alot of money....there is a card for every country now almost!
I believe my poloniex to bitpay fiat gateway is far easier!
You just send steem to your poloniex OR bittrexx (poloniex is eeasier and same price or cheaper than bittrex) or use shapeshift or Blocktrades it doesnt matter! just get a good rate for steem to BTC (poloniex is .1 to .2percent! POINT one to POINT two thats so small, anyway once u have BTC from steem u just send to bitpay OR coinbase account for theshiftcard but screw coinbase bitpay is way better!
Also
I am willing to buy steem for cash in san diego and online for non san diego peopke who can simply use a netspend card or whatever way they would like to send me cash or have me end them cash cheap, and i will take steem, convert it to BTC, sell that btc for cash sen them the cash, i will get it to where it will only be 10 percent fee to exchange steem to CASH without using any BTC middleman service [email protected] email me if interested im also just bought localaltcoins.co and i need someone tl help me make a localbitcoins clone but for all altcoin maybe just a place to put up ads locally wil be ok for now, just need a place people can sell their doge and steem and xrp and steller and litecoin for cash etc
@ackza Thank you for sharing this information , I was just setting here not knowing how to go about ths . . I already signed up with poloniex. than saw this one and thought ummm..
Excellent collection of helpful steps.
easy to follow.
wonderful job.!
Explains a lot thanks. One problem I'm facing though is the severely invasive questions and documents they ask of you to 'prove' your identity. Are they any sites that actually respect people's privacy?
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Thanks @naganoo , from a newbie! Excellent post .
Upvoted and resteemed! I also use the Shift card and think everyone involved in crypto should have one. Also, really good to see that you're still on here producing great content!
thank you very much for this tutorial.
I followed it to the letter...I am now able to transfer SBD to bittrex, sell for bitcoins, transfer to Coinbase...I even have a USD account open there.
I failed to connect my debit card....took to long and to many tries with the security stuff...better luck tomorrow.
BUT...
it says that I can NOT load my debit card directly from BitCoin sales...
now what?
do I have to sell bit coins and load my USD wallet then transfer from that?
HOW Do I do dat?
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@noganoo I was looking at 2 different options on how to cash out when I am ready and I think you win lol Thank you for the great information ,and the pictures to go along with this, It was very helpful , soon as I saw paypal , you won :))
Thank you for all of the screenshots. I just picked up a SHIFT card and it only makes sense to use STEEM in some of these transactions. Trying to wrap my head around this. So is your Coinbase account tied to Paypal or your SHIFT card?
Great job, thanks for the explanation