Converting Steem Dollars (SBD) into Bitshares (BTS) in 10 Easy Steps
First of all open your Internet browser and go to https://blocktrades.us and then, just follow these steps:
Step-1 Select Steem Dollars (you can select any other currency from that list and convert it into BTS, the process is same).
Step-2 Select BitShares (you can also use this method if you want to convert it to another currency, the process is similar, but slightly different).
Step-3 Enter your BTS address / account name. (I have typed mine for demonstration purpose)
Step-4 Select "Get Deposit Address" (then you can either use SteemConnect or Manual Transfer, usually I avoid SteemConnect because I don't want to use my Steemit Account keys to any other third party, but if you think its easier for you then you can go ahead, but here I will show you how to do it manually.
Step-5 Copy The Memo.
Step-6 Open your Steemit Wallet, then go to Steem Dollars and Select Transfer.
Step-7 Once you click on transfer and a new window opens write @blocktrades in the "To" box just like how its shown on the screenshot.
Step-8 Choose the amount of SBD that you want to convert to BTS, here I'm converting 2 SBD. I suggest you should check out the exchange rate first. The exchange rate fluctuates minute by minute, so it is recommended you wait when the value is high, and do the exchange at the correct time.
Step-9 In the Memo paste that Memo which you copied from #blocktrades website when you were at Step-5.
Step-10 Click submit and then enter your password to confirm the transaction. Within a few seconds your SBD will be converted into BTS and you will have it in your BTS wallet.
That's all.. See how easily you can convert your SBD into BTS.
I Invite You To Check Out My Posts:
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Nice post from You And thank you.
Thanks for sharing .i am a newbie .this is really informative for me.but i dont have SBD to transfer yet .
Very easy steps :) Thank you
Do you know what's going on with OpenLedger's BTS account? It shows dashes, as though they're not accepting it, which I'm sure isn't true. Steem/SBD has triangles indicating that this currency is down for maintenance, and has been for weeks now.
Peace.
they put a notice the are under maintenance.. in the mean time you can use blocktrades but they charge very high fees for every transfer
✌!
;+)