It depends on how busy their system is, usually I wait anywhere from a minute or two to 10 minutes. Once I waited almost an hour, but one time out of like 100 isn't bad.
Okay, thanks. I was reading this and tried to experiment by transferring .001 sbd and it didn't transfer immediately. I wasn't sure if it was the system, or if I had done something wrong. But it's transferred now! Thank you for the guidance!
I agree bittrex is the one to use.
I started to try and use poloneix but i just don't think it is as user friendly then i get a little wary of it too sometimes because it'll conveniently disable SBD /steem sometimes. Ugh.
From bitrrex where I convert to BTC > krakken, convert to your fiat currency. Depending on your location, you will either require tier 1 or 2 verification. I like krakken. They seem to go the extra mile with security.
I found @beanz guide in the steemit faq to also be useful. Thanks for posting this.
@clayboyn great post and very detailed, I use bittrex but for larger transactions sometimes I use blocktrades as it pays more. Krakken is great too. Thanks for sharing.
Thanks for the step by step with screenshots. I need to get setup and I'm in Canada so will use QuadrigaCX when I do. It's so helpful to have this type of information as a resource when you're getting started. Makes it so much easier. I'm looking forward to getting started with cryptos and you really simplified things for me.
great article and really well written. blockchains fee is so high, this is a good alternative
I mean blocktrade
When you say, "We then get a transfer confirmation and wait for Bittrex to receive our funds," how long should it take?
It depends on how busy their system is, usually I wait anywhere from a minute or two to 10 minutes. Once I waited almost an hour, but one time out of like 100 isn't bad.
Okay, thanks. I was reading this and tried to experiment by transferring .001 sbd and it didn't transfer immediately. I wasn't sure if it was the system, or if I had done something wrong. But it's transferred now! Thank you for the guidance!
Thank you for this! I tried ti and i'm currently waiting for my sold bitcoin to go in to my bank account!
Glad it helped!
I agree bittrex is the one to use.
I started to try and use poloneix but i just don't think it is as user friendly then i get a little wary of it too sometimes because it'll conveniently disable SBD /steem sometimes. Ugh.
From bitrrex where I convert to BTC > krakken, convert to your fiat currency. Depending on your location, you will either require tier 1 or 2 verification. I like krakken. They seem to go the extra mile with security.
I found @beanz guide in the steemit faq to also be useful. Thanks for posting this.
I have been wanting to check out Krakken, thanks for reminding me!
This is an excellent tutorial. I've been sort of satisfied with poloniex, but bittrex seems to be a much better choice.
Thanks for info about where we can exchange
Till this moment I use blocktraders.
What you point of view about blocktraders !
I haven't used it yet, but aggroed mentioned it earlier and I may check it out!
Thanking in advance
Wait to hear from you after you check it
nice tutorial !
@clayboyn great post and very detailed, I use bittrex but for larger transactions sometimes I use blocktrades as it pays more. Krakken is great too. Thanks for sharing.
Very helpful. Thank you for taking the time to make this.
Thanks for the step by step with screenshots. I need to get setup and I'm in Canada so will use QuadrigaCX when I do. It's so helpful to have this type of information as a resource when you're getting started. Makes it so much easier. I'm looking forward to getting started with cryptos and you really simplified things for me.
Not a problem, glad to be able to give back to the next wave!
It's very much appreciated, there's a big learning curve here but I think it's important. Thanks again!