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RE: Can you directly withdraw/exchange crypto into your local/ native currency?

in #dpoll5 years ago

Voted for No.

Not that I know of @rem-steem. So far, I've bought STEEM after spending my USD on Litecoin and then trading it for STEEM. To get back to USD, I would need to do the opposite—trade for Litecoin (or Bitcoin, Ethererum, etc.) and then back to USD. All the while incurring whatever fees there might be on the exchanges.

As it is, with the price of STEEM so low, I've not been tempted to take anything out. I'd lose on the investment money I have in, and have just over 1,800 SP earned in the last 13.5 months. That I could draw out, but that would only be worth $522 at today's prices. :)

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You are facing same hassle like me. I stopped withdrawing any thing in recent time. As it's not profitable after all those changes.

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