CHEAPEST WAY to cash out Steem Dollars?

in #bitcoin7 years ago

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What is the cheapest way people have found to cash out of steem dollars. Up till now, i've been reinvesting back into the platform, but something has come up to where i need to withdraw a bit. I have seen about a million posts about this but from over the years. What is the latest?

I did notice the blocktrades fees are rather large for smaller transactions. It is very simple. What are ya'll using?

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I would say; transfer to bittrex, convert your SBDs to bitcoin, convert the BTC to litecoin, transfer to coinbase, then move to GDAX (its free, no transaction/network fees) to actually sell using GDAX so you avoid the crazy coinbase fees, send USD to your bank...

That seems really convoluted, but not too terrible all things considered, imo...

sadly, coinbase does not allow us Indians to trade. Is it possible to directly deposit to GDAX?

blocktrades has removed steem trade?

GDAX is just the actual exchange that backs coinbase so my guess would be if coinbase won't let you have an account GDAX probably won't either, but can't hurt to check!

sounds like I'm switching to Bittrex. As of now I'm using all SBD to buy LTC while SBD is up

I haven't used it yet, but I'm eyeing bittrex when the time comes. Convert to desired coin, and then deposit into my wallet.

Ya. blocktrades fees are higher with a smaller transaction, I think Bittrex more cheaper.

Go Ahead..👌

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