Hurray! I finally cashed out for the first time. It wasn't a significant amount but I am still happy I've finally gotten real cash out of Steem Dollars (SBD). π
I've been going back and forth with @pinay about this for several days because of course I don't want my earnings to be deducted by all those fees. Service fees feels like taxes we all want to avoid if possible. π
So anyway I went ahead and finally decided to try and cash out. This is my process:
Programs/apps:
Steemit β‘ Blocktrades β‘ Coinpot β‘ Coinsph β‘ Bank acct
Currency/cryptocurrency:
SBD β‘ Doge β‘ BTC β‘ PHP
I won 5SBD in the Get Paid to Rant #9 contest abt 4 days ago so I thought, well, I can finally try and cash out. However I wanted to be sure of the best way of doing it without my money getting deducted with all those fees. Thanks to @pinay and @junebride I was able to decide on which way to go.
First, before i forget to mention, I used 3 SBD to power up. Then I transferred 2 SBD to Blocktrades as Dogecoin.
I used my Coinpot Dogecoin wallet to get it. Then in Coinpot, i changed Dogecoin to BTC.
BTC as shown below is Bitcoin Core in Coinpot. Almost got confused with it. π
Anyway afterwards I withdrew my BTC to my Coinsph wallet and voila! I got it around 4pm today! I was surprised I got it in PHP, i thought I was gonna get it in BTC. π€
It said the transfer takes up to 48hrs but I got it in less than that. Cool.
All in all, it took about 16hrs for me to get it into my Coinsph. π
And of course I transferred P500 (only) over to my bank account which says I should get it tomorrow. Alright! πͺπͺπͺ
Now that's easy breezy! Hope you have/had an easy time cashing out too!
XOXO
@artgirl
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β₯ Thanks! β₯
I never tried cashing out but I am interested to try it after seeing your experience..thank you @artgirl
Oh that's cool. Yeah, you can try cashing out just a bit to see how it goes. ππ
Not to be a blowhard, but STEEM is a more 'real' money than US dollars π. Anyway congrats!
Ehehe. Ok thanks!
Salamat kabayan sa post na to.. Very usefull to para sa friend kong si @anajane. :)
Welcome po. Glad to help. π
Good One man
Thanks!
perfect! congratulations sis for the successful withdrawal
Thank you. Haha.
You're welcome!
Hahaha namizzed ko yung rant di ko alam yun palibhasa iniignore ko talaga rants pero alam ko magaling ka nga dun hahahah πππ
Dalawa po wallet address natin sa Coinsph, copy/paste address from BTC wallet if you want to receive BTC. π
Wahahahahahaaa grabe expert n b ako s pag-rant? Hahaha. Init ulo beybeh. πππ
Ay dalawa pala wallet dun. Ok n un, dumiretso s PHP wallet, d ko n need i-convert. Orayt!
Oo pero ok lang din magtransfer from Bitcoin wallet to bank minsan di ko na kinoconvert pero pagnagload ako minsan ayaw from Bitcoin wallet pero ok from Peso wallet.
Yung convert to peso option lang yun para incase bumaba BTC price hindi na yun affected kaso pag tumaas naman price hindi rin sya affected haha pag nasa BTC wallet affected sya sa pagbaba/taas ng BTC price.
Ok n un. Nasa bank acct ko n. Haha.
ππΌππΌππΌ
Nice @artgirl. Keep on moving forward :)
Thank you!
Congrats! :)
Thank you. :)
!originalworks
Congrats dear, great reward for yiur work. There will be much more in the future
Thanks a lot!
Congratulation on your cashing out.
But why involving Doge coin? Isn't possible to convert SBD To BTC?
Info: Why do I prefer busy.org over steemit.com?
Oh, maybe you should read my post again. It is possible of course to convert SBD to BTC if that is what you or other people prefer. :)
Also, I'm wondering if your link is related to my post at all? Isn't this spamming?
Pls see this Steemit etiquette guide for your guidance, click the link and look into # 7 guideline.
Thank you!
Dogecoin has the LOWEST FEE. Bitcoin transaction fee is too high. Dogecoin is not available in other exchanges so the other option is VERGE. Since BlockTrades supports DOGE but not Verge, I use DOGE. :)
Please see fee comparisons here: https://steemit.com/sbd/@pinay/sbd-cash-out
Bitcoin transaction fee has lowered this year but still higher compare to Dogecoin and Verge. :)
Orayt!
question po mam, when you transferred your btc from coinpot to coins.ph, may transfer fee po ba? tia
Ah... from coinpot po never ko p na-try mgtransfer to coinsph. Baka si @pinay sir masagot nya yan. :)
But d2 po sa post nyo sabi nyo na-receive nyo yung btc nyo s coins.ph na peso na cya
Ay sori iba pala yung naisip ko kanina, gcash pala yun nasa isip ko. π
Yes po walang fee ung transfer from coinpot to coinsph.
Thank u po sa info!
Ok po welcome. :)
Lalabas po yun s screen if may fee or wala before kayo mgtransfer.
ZERO fee po for 0.001 or more BTC transfers from Coinpot kaya ko dinadaan dun para makatipid. You can read @ryl's post din po :)
https://steemit.com/cryptocurrency/@ryl/how-to-use-coinpot-to-cashout-sbd-and-save-2sbd
Mukhang madali lang magtransfer a. Galing ng shinare nyo. thanks!
Yes po. Salamat.
Read my important cash out tip here before cashing out!
https://steemit.com/philippines/@artgirl/the-most-important-steemit-cash-out-tip-for-newbies
Hi, which one has to click? Bitcoin Core of Bitcoin Cash to convert the doge in coinspot? thank you!
Bitcoin core. :)
thanks!! that was quick ^_^
i will be trying 2sbd this weekend.. will let you know if twas a success... hehehe thank you!!
Alright! Glad it worked well. You're welcome. :)
Thank you!