Steem is a blockchain database that supports community development and social interaction in return for cryptocurrency. Steem combines concepts from social media with lessons from building cryptocurrencies and their communities. An important key to inspiring participation in any community, currency or free market economy is a fair accounting system that consistently reflects the contribution of each person.

Someone who wants to enter or exit the Steem platform will have to buy or sell Steem. Once the Steem has been purchased it must be converted to SP (Steem Power) or SMD (Steam Dollars) to reduce the impact of longer term retail.

Steem Dollars is designed to bring stability to the world of cryptocurrency and individuals using the Steem network. Steem Dollars are created by a mechanism similar to a conversion record, which is often used to fund startups. In the startup world, the conversion record is a short-term debt instrument that can be converted for ownership at a predetermined rate in the future, usually during future funding rounds.

For those of you who do not know how, Steem or Steem Dollars, can be traded in external markets such as Bittrex, Bitshares, or in Poloniex. It turns out that Steem and Steem Dollar can be traded also in the external market, if you already have a good balance of Steem (STEEM), or Steem Dollars (SMD), then here is how to Sell Steem and Steem Dollar to Bitcoin in Bittrex.

1. If you do not have a Bittrex account, you must first register in Bittrex.

2. Verify the email, by clicking the link link that Bittex directed to your email.

3. Next, please Login to Bittrex

4. Click the Wallet menu in Bittrex, Then Search "Steem". Then will appear Steem and Steeam Dollar Wallet.
   

5. Please Click menu "+" in cryptocurrency Steem Dollars (See Above Picture)

6. Then it will appear as shown below, Please Click New Address, Use Memo and Registered Acct to transfer process from wallet Steemit.
   

7. Then open your Steemit account, then open Wallet.
   

8. On Steem Dollars, click on balance, then click Transfer
   

9. Next, Enter Memo and Registerd Acct from Generate New Address in Bittrex earlier. Determine the value of the transfer (the amount of Steem Dollars to be transferred). Then click Transfer.

1. When you're done, wait until you get into Wallet Steem Dolllars in Bittrex, if you're already logged in by selling to BTC? (Bitcoin) or another Cryptocurrency, as you please.

Similarly tutorial on How to Sell Steem and Steem Dollars to Bitcoin in Bittrex, may be useful for those of you who have the balance Steem or Steeam Dollar that you get from Steemit!