Instructions for those, who want to withdraw their Steem to Bitcoin

in #steemit8 years ago (edited)

1. To start, you need to exchange your STEEM Dollars (SD) to STEEM.

Go to your wallet. Click the drop-down menu STEAM DOLLARS - "Buy or Sell", and you will obtain the market .

2. Now you need to exchange your Steem Dollars to Steem.


Click on "Available" to display up the full amount, or enter manually.
Below, you will see the list of orders (buy and sell deals) . If you want to immediately get Steem, then put a price which is displayed at the top in right column. If you are not in a hurry and want to bargain in order to obtain greater benefits, then put the price lower.

3. While the order to buy is worth waiting for. Think about how you will withdraw your Steam. There are three ways:

  • "BlockTrades" https://blocktrades.us/
    If you need to quickly withdraw. But it takes a very large commission.
  • "Bittrex" https://bittrex.com
    Simple and easy exchange.
  • "Openledger." https: //bitshares.openledger.info
    Difficult concepts for beginners, with its difficulties in the form of conversion of coins in their domestic coin. For example STEEM - OPEN.STEEM/TRADE.STEEM

I would recommend the second option.

4. Now you need to fill up a wallet on the stock exchange.

Click on the wallet and enter in the search for STEEM.

Click in found on Steem and appear instructions.

Now go back to your wallet on Steemit.

5. It is necessary to transfer your Steem to the specified address on the stock exchange with a memo.

Click on your STEEM and choose "Transfer".

Fill in all required textfields: adress, amount, and your memo.

6. After a while you get a notice that your Steam is withdrawn.

7. We now turn to trading on the stock exchange.

Click on Markets and search for Steem.

On the right side, sell side, your Steem balance. Click MAX (or your desired amount). And set the desired amount. All the same as you did earlier in the steemit local market. Then click "SELL".
After triggering order, go back in a wallet, and click on the "minus" near BTC.

Fill in the fields. Your address of Bitcoin wallet, amount. And click withdrawal.

After a while you will get this amount in your wallet!
I hope that helped you.

Sort:  

How do you transfer steem FROM Bittrex TO your steam wallet? You need a memo, but where do you get that?

Did someone ever answer this for you killswitch?

I figured it out shortly after I posted, thanks!

Why are you saying to put your "Key" in the memo field?

I originally thought you were trying to scam people, but it appears you've just selected a bad choice of words. IMHO, you should change the word "key" to "phrase" or something like that so people aren't entering in their keys into the memo field. I will remove my downvote if you make this change. Thanks!

English is not my native language, sorry about that. Words changed.

Thanks for the good advice.

We can't simply transfer to our Bitcoin wallet? like Coinbase?

Helped out alot thanks

Thanks, this btc/steem trading guide was just what I was looking for

is this meant for coinbase too?

This won't work now

This has to get simpler. Why do we have to go to a middle man exchange????

Problem is, there isn't a "Transfer" option now on my Wallet for either Steem or Steam Dollars. Is my amount too low to exchange for Bitcoin? Any guidance would be appreciated.

good your article. follow me

Interesting discussion. I was about to post a similair post. There's a lot of exchanges out there. I found that coinmarketcap.com gives quite a decent overview. I really advice people to take a look at: https://www.coincheckup.com Every single coin can be analysed here based on: the team, the product, advisors, community, the business and the business model and much more. Check for example: https://www.coincheckup.com/coins/Steem#analysis For a complete Steem Investment research.

why does this have to be so complicated .. !

agreed. Many steps to make mistakes