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RE: Silly Steemy questions.

in #life5 years ago

Well the truth is there isn't a super simple way to go from Steem (or SBD) to a fiat currency. The first thing you are going to have to do is make an account at a cryptocurrency exchange that trades Steem and SBD. There are lots, I use Bittrex myself but you can see full list of exchanges that have a Steem trading pair here:
https://www.coingecko.com/en/coins/steem/trading_exchanges

Once you have an account at an exchange that has a Steem trading pair, then you have to figure out how you are going to withdraw fiat currency. Many (most?) exchanges let you connect your bank account, but there aren't any direct Steem to fiat currency trading pairs so you have to trade between first - e.g. trade Steem/SBD for Bitcoin, and then trade Bitcoin for fiat currency. If you don't have a bank account and/or don't want to have the paper trail, you could also get something like the Bitpay card which allows you to load Bitcoin to the card and converts it to equivalent USD value that you can spend like a normal Visa debit card (use it anywhere you could use a Visa, and withdraw cash from ATMs).

I know that isn't particularly simple and it actually glosses over how you actually withdraw Steem to an exchange, but that part depends on the particular exchange. Let me know if you have any questions :)

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It would be nice to have steem on some crypto debit cards, like “Wirex debit card” which already got 8 crypto currencies. Would be nice to suggest for them to add steem as well. By the way I am Wirex user as well.

Posted using Partiko iOS

Even if i don't get it yet i would love to see a easy click where you can simply click your steem and right on that wallet platform you can send your money to where ever is possible and the machine will convert and transform everything for you, i guess i watch to much Sci Fi movies that i think things can be that easy but i guess it might happen, i mean back in the day you need to go dig gold in the ground and carry it miles from hunters and look for a bank to convert it into something, now we click here and there and move money in all forms to all forms almost. hope the future is bright like that...

Believe it will get more user friendly all crypto ecosystem, it still so early 😁

Posted using Partiko iOS

thank you so much, i will read this again and again and will try what you have mentioned, i am just happy someone from the community is there to help nubiz and clueless artists like myself who love the platform but have no idea how the zeros and ones work, thank you again, i hope once i figure this out i myself will be able to help others that are also lost in the virtual space of goodness.

please feel free to reply to me here if you have any questions :)

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