Newbies It may be useful for your cashout
Today am here to help the newbie, a step to cash out the reward using the simple, safe and secured @blocktrades. Am from india so, we frequently use zebpay to cashout the reward from blocktrades . For example am here show you converting 100 steem into INR. As direct conversion doesn't possible we have to convert it into bitcoin, bitcoin cash, ether, etc...
In below gif you can see the amount of Bitcoin for 100 steem.
The output bitcoin is entered in zebpay
This BTC cost 17k rupees. Check weather the rate is ok then click get deposit button below.
If anyone like to use mine BTC wallet sure you can use 😋
3GHW2rebZwug5QpHzLKnsKXLMtgdYo8TmF
Hey guys I just simply said don't use mine, use yours. Other you will donate yours to me 😁.
On next step you can see the two type of transaction
- Manual
- Steem connect
It's better to use steem connect to avoid a mistake which lead to huge loss.
blocktrades end up with about 9% charge.. you are better off moving STEEM to binance, trade to another crypto and transfer out.
if you could avoid blocktrades, do so.
😃
Binance? You must be kidding (^_^)
Blocktrades ➡️ #Coinpot Dogecoin is the best way to save on fees.
blocktrades charges about ~2SBD per transfer.
kahit pa makamura kayo pagkatapos ng trade, basta dumaan sa blocktrades na hold-up ka na.
It depends on which CryptoCurrency and Blocktrades' fee is fixed not in %. You are only referring to SBD ➡️ Bitcoin.
I oftentimes sell STEEM ➡️ #Ether and #Dogecoin.
Binance minimum withdrawals and fees are higher.
We can save on fees thru Dogecoin via Coinpot or BlockTrades ➡️ ETH wallet.
Hey Ranjith,
Its obviously not a good method. For the Bitcoin conversion blocktrades will charge a high service charge. It would be better to convert SBDs to LTC(lite coin) as the service charge is just 0.16 or somsthing small like that. And also Bitcoin conversion takes a lot of time whereas litecoin will be credited to your wallet within few minutes!
Oh yes @sathyasankar I just now analysed you are right 😁
Ether and Dogecoin have lower fees.
Yeah but Doge coin doesn't support on our zebpay
Yes, same with our Coins.ph but at #Coinpot it is free to convert Dogecoin and transfer BTC :)
Kk
Just follow steps 1-5 here so you could save on fees: https://steemit.com/tutorial/@creyestxsa94/cashing-out-your-sbd-s-a-step-by-step-tutorial-d
Is it suitable for indian bank
Read the post. You only have to CONVERT Dogecoin to Bitcoin Core at Coinpot then TRANSFER Bitcoin for FREE to local wallets (zebpay or whatever wallet you use to withdraw cash).
Fee is quite high if we transfer Bitcoin direct from exchanges to local wallets. Binance fees are too high also so I do not recommend it. I am using Binance only for STORM because there is no other choice.
K
@therealwolf 's created platform smartsteem scammed my post this morning (mothersday) that was supposed to be for an Abused Childrens Charity. Dude literally stole from abused children that don't have mothers ... on mothersday.
https://steemit.com/steemit/@prometheusrisen/beware-of-smartsteem-scam