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RE: STEEM: Ask It And I Will Try To Answer It.....Let's Hear What Is On Your Minds

in #steem7 years ago

What's the process to remove funds from your account? Do we set up a bank account? Not that I am anywhere near pulling funds. I'm just a tiny minnow in this Steem world.

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At present you have to send steem or SBD to an exchange that will convert it into another currency like LTC or BTC. Then you can convert that to fiat.

Hopefully we will see an exchange that converts from steem to fiat in the first half of next year. I was informed that the people at Zappl are working on that.

Thank you. I was thinking that's what needs to happen. So one other thing. I checked your wallet and noticed you transfer xxxx Steem power to yourself. Where does that go?

That is powering up...it goes from STEEM to SP.

Perfect. I think I have it now. I guess I have some powering up to do.