GDAY MATES
The other day I made a post on how you could take the money you earn from Steemit and put it into your bank account, using an exchange like Bittrex to transfer STEEM to Bitcoin before the Bitcoin could then be exchanged for real dollars. However, for my fellow friends living in Australia, I have good news. Cashing out from Steemit has just been made way easier by the fact that Living Room of Satoshi recently started accepting STEEM directly, so you can skip out the whole stage of converting the STEEM to bitcoin first.
Today I am going to send $25 AUD from my Steemit account to my Bank Account using Living Room of Satoshi
I enter in my BSB and Account number, the amount of dollars I want to transfer and then it will show me the amount of STEEM that will take
It will take me to this page which will give me the details that I need to use for my Steemit Wallet
I move back to my Steemit Wallet and click Transfer next to my STEEM. If you have STEEM DOLLARS or STEEM POWER you will need to convert these to STEEM in steemit.com.
I enter in here the account, memo and amount as provided on the screen in Living Room of Satoshi.
I can see here in my history on Steemit.com that I have sent the STEEM accross.
When I return to Living Room of Satoshi after a couple of minutes I can see that they have received my payment and they request an email address to email the receipt to me. This payment will reflect in my bank account within 48 hours
So there you have it! Super Easy! No more faffing about on Bittrex converting my STEEM into Bitcoin.
If you have any Australian friends that are dubious about getting into Steemit because they are unsure how they would get paid, show them this to help them out! If you liked this post, please upvote, comment and resteem! 😍
Reach out to me in the comments and let me know what you're planning on doing with your STEEM! Are you saving it in STEEM POWER? Converting into another coin? or Cashing it out into your bank?
Hey @hannahlicious. Great information. I suggest editing your tags and replacing one with #teamaustralia.
It's a group of Aussies who will really appreciate the information.
thanks so much @mattclarke I have edited now :) I will check #teamaustralia out now :)
Now that was hella easy! Someone in the US needs to start a company like this.
haha yeah so easy!! theres a business idea for someone out there :)
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good info how did it cost to you the fee for this transfer ?
no fee to do it... you just have to go by their exchange rate which may be a little less so i guess thats how they make their commission :)
I wish we had this in the US. Lucky!
yeah its pretty easy to use :) hopefully it will encourage a few more australians to get involved with Steemit if they feel it is user friendly!!
The more the merrier lol!
Great post, gives me a little hope we'll catch up soon here!
Great post! I'll check it out myself!
thanks a lot!! :)
Amazing tutorial!
I'll resteem who knows if i have any australian follower it could be useful tho them!
Also I could do a similar tutorial to Change to Brazilian currency too =D
Your posts always inspire me!
Hey @andyluy thanks so much for resteeming!!
I appreciate it!
Yeah definitely you should make a similar tutorial for Brazilians... my husband is saying that he would love for more brazilians to be on Steemit so maybe that would encourage them if you show them how easy it is :)
I'm already ghathering some friends to get into steemit.
I hope soon we may see a significant ammont of nice Brazilians here :D
Amazing, it's soo cool that Living Room of satoshi now takes steem. Thank you very much for the tip :)
so easy!!! :)
Love this!.
thank you so much for the tutorial Hannah!
Resteeming!
My pleasure :)
I'm so happy its been made so easy for us now!
Thanks a lot for resteeming!!
A very useful post - this makes it possible to work quietly on articles, comments, voting. Without thinking and experiencing how to withdraw?
Is there any equivalent for €EUR ?
What is the best way to convert Steem or SBD into Euro, or PayPal?
Ooo I am not sure about that @leoplaw.... I am in Oz so only withdrawng for aussie dollars... best to find a european steemian on here and ask them :) or if all else fails, google :)
Already searching. Just thought I'd put it out there, as I thought your article might interest other said people.
yeah wish I could be more helpful but i'd hate to google it myself and give wrong info! hope you find it easy :)
Google???
Start Page or Duck Duck Go!!! =)
That should make things easier for a lot of people.
Very lucky for the Australian fellows.
Wish we had one for us.
Greaat post and well explained through snapshots. Thankyou
thank you :)
:) thank you :)
do you wait for the listening for payment widow close by it's self ?
no i closed it :) i was confused by that too haha :)
lol thanks mate...not only that but i thought i sent it to you for a minute...lol you almost scored $400 for your time lol wouldn't that have been funny : o)
now while im waiting for the little thingy to do its thing... MATE YOU ARE A BLOODY LEGEND !!!! thank you so much for that post
ok ...lol in all my excitement i missed the fact you're a lady please forgive me for that...i'm my defence i am 35% blind ok...lol so please disregard that last comment.. Now You're an extremely gracious and lovely lady that deserves a very large proclamation of gratitude. Thank you dearly my dear lady : o)
resteemed .. just waiting for that email window to pop up..i have shown my wife this and now she wants to join steemti because she can see that the money is real. but it is taking a little longer than a few minutes to pop that email entry window up. been 30 min now and still waiting. but thanks for helping me get the wife into it : o)
Hahaha... oh no I hope you are not still waiting now!! When you look on the status does it say PAID already? if the email box doesnt pop up but it says paid you should still be able to request a receipt by clicking 'email receipt' :) thanks so much for resteeming!! and yay glad your wife will get into it!! GIRL POWER! :)
no still says listening for payment
Just looked to see what you've done in your wallet... you haven't used the MEMO from living room of satoshi, like you can see in the screenshot of my wallet history (or go onto my steemit account to see this history)
its gone from steam it but the LRS is still saying listening for payment
(see comment above) ohh no you didnt use the memo from living room of satoshi when you sent the money... its okay you just need to email living room of satoshi and let them know haha.. when you use the memo it only takes 2 mins :)
ooops that big yellow one that says dont forget to do memo...i was ment to click on that yellow button right ?
Very useful, this makes things so much easier as I don't have a bitcoin wallet!
Good info
Keep it up
Best Regards Andrei
thank you so much :)
Great tutorial nicely explained thank you for sharing :)
thank you @vinnu
Thanks for that info, very helpful
resteemed
I can't get historical STEEMAUD data, but going off current price the fee/rate premium was quite substantial - 10% or so.
48 hours is also a fair wait, converting to BTC and selling at Local Bitcoins would be a lot quicker ... not sure how total fees would compare.
Either way, this is great news. Aussies can now buy and sell Steem directly for AUD. For such a small country, we produce a surprising number of savvy entrepreneurial minds!
Nice one @hannahlicious - Up'd, RS'd and following.
PS We'd love to have you in Team Aus - See @Choogirl's instructions for joining at the bottom of the latest membership update
Ooo is Local Bitcoins a site I can use in that i'm not aware of? I will definitely check that out then, thanks so much for the advice :)
I actually just discovered team australia and followed the instructions on @choogirl's post so I think she will put me in the next recruits post! Can't believe I never discovered it earlier :)
thanks so much :)
No worries :)
Yeah Local Bitcoins is great - years ago it was pretty much your only option for buying bitcoin. The best professional traders on there will do an instant cash deposit at a smart-ATM or online transfer from same bank. Not everyone does that though, so just check the details before initiating a sale. Some traders also require SMS and ID verification, but most aren't too fussed.
okay that sounds awesome, will have a look at that tonight :) thanks again!
No wuckaz :)
What great information,
What a shame us Kiwis can't use it.
aww no @biglipsmama, hope the kiwis get something similar :)
Epic platform for us downunder 😊
absolutely @ch00fy :)
Upvoted.... mate..... I live in Australia and this is the most useful article I have ever come across....
You're a champ :)
Resteemed as well
thanks so much @yoda1917, glad I could help :)