You are viewing a single comment's thread from:

RE: A reason to hold Steem Dollars - 10% RISK FREE INTEREST PER YEAR [Newbie Edition]

in #steem • 8 years ago

I like this perspective.

Another interesting note regarding SBD. I used to think SBD always needed to be transferred to STEEM to cash out, but poloniex has an SBD/BTC exchange.

I don't have to deal with that 10 day delay to cash out, and can let my SBD collect 10% interest if I am not in a rush to exchange it.

8 years ago in #steem by
$2.69
  • Past Payouts $2.69
  • - Author $2.05
  • - Curators $0.64
12 votes
Reply 3
Sort:  
  • Trending
    • [-]
     8 years ago  

    Poloniex, Bittrex, Hitbtc, and Blocktrades all support direct SDB/BTC exchange. Shapeshift seems to support STEEM but not SBD.

    Note: I advise against using Hitbtc and make no recommendation either way on the others.

    [-]
     8 years ago  

    Where is that 10 day delay to cash out?

    $0.00
      Reply
      [-]
       8 years ago  

      There's actually about three ways to sell/convert your steem dollars. You can convert them to steem internally (which takes one week). You can sell them for steem on the internal exchange at steemit.com/market (instantly). And you can transfer them to an external exchange like Poloniex or Bittrex and sell them for bitcoin (instantly).