BlockTrades Video Review - Quickly Exchange Your Digital Currencies

in blocktrades •  last month


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Ok my friend! It has been a bit since the last video, what with all the HF20 upgrades to the blockchain. It has been almost 1 full week since the fork and the dust seems to be settling right now.

If this is your first time dropping by my channel, I would like to welcome you here. My name's Ken and one of my goals here on Steem is to edify and equip Steem blockchain projects and their respective communities. I want to help give you a better understanding of the crypto space so that you take action on what you know.

When I mention in the video that the new Mana and RC's are the same as the old voting power and bandwidth, I simply mean that they have similar properties and roles on the blockchain. These new upgrades are setting Steem up for massive scaling in the near and also distant future.

If you would like to learn a bit more about the hard fork terms/wording, feel free to check out this article by witness @therealwolf (and also vote for him if you haven't already here)

Would you join me today in discussing the incredible exchange service that we have at our fingertips called BlockTrades @blocktrades. I've been using BlockTrades since I started on Steem back in December of 2017 and it has aided me in growing my account via trading my currencies on other exchanges for Steem, Steem Power, and SBD.

BlockTrades is the ideal location to quickly exchange your digital currencies. All you need to do in order to get started is sign up for an account so that you can easily keep track of your transaction history. Go here in order to view the main page and click on "sign up" in the top right corner.

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As you will see, the interface is very simple to navigate which is crucial, especially for those new to the crypto space. In fact, I've been around for a while now and I still use BlockTrades for most of my transactions. If you are following along in the video, you will see where I highlight the tabs at the top of the site where you can buy Steem, view more about the team, and also contact them if you have questions or concerns.

In order to place a trade, click on the currency box on the left of the screen and choose the currency that you would like to send to BlockTrades. Then, on the right, let BlockTrades know which currency you would like to trade for and receive to your wallet. Often times, I will send my Litecoin that I purchased from Coinbase, over to Blocktrades for Steem or Steem Power.

Follow the on-screen instructions for sending your currency to the deposit address that BlockTrades displays. Double check that it is the correct address before sending your currency. Once you place the trade, BlockTrades will then take a few minutes (sometimes less) to complete the transaction. Once it is confirmed on the blockchain, you will see the transaction hash inside the completed tab towards the bottom of your screen.

Now that you are further educated on using this exchange, feel free to start applying what you learned and take action. This is not financial advice and only my personal opinion shared here. The cryptocurrency space is volatile so please only invest that which you are willing to lose.

Appreciate you stopping by my channel today. Hope the rest of your day is as amazing as you are. Take care my friend.

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Glad to see another post by you @kenmelendez 😊👍

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Thank you, Chris! How’s your week going?

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It's going great @kenmelendez and I'm hoping that Steem will dip in price one more time so that I can accumulate 1,000 to 3,000 Steem for @emaferice, @zaclucasrice and I.

Like you said before, it will all depend on Bitcoin, and if Bitcoin enters another bull market right away, or if it has one more sell-off first.

If Steem takes off without me I'll be disappointed but I'll still be happy to remain active and support all of your posts.

Hang in there, the bear market for cryptocurrencies might be 6 to 9 months away from being over and it can actually reverse any time now.

Let's see what happens!

Thanks for this post @kenmelendez! I need to check out blocktrades and get more familiar with the hard fork terminology. So much to keep up to date on! This post gives good direction. :)

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Awesome, Jackie! Great to see you here. Are you considering joining us in Austin this April?

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I don't know @kenmelendez! What's going on in Austin? Haha

Yes the hardfork 20 also had me having to update my auto voter at steemdunk.xyz with both my accounts @momskithen and @karenmckersie , to 15 minutes from 30 min. I hope i read that right . anyways I now have you added to both so I at least dont miss upvoting your stuff while im very busy and moving soon! on my way to check out your video now @kenmelendez , upped and resteemed! I watched the video: I have been useing bittrex but this looks easier, my problem is having to find a place that will deposit the funds into my bank account afterwards , they keep changing the amounts you need to send Like Quadriga changed to 10,000.000 up before they will cash it out to your bank! I then had problems with coinsquare , or else they change the banks that you can send to lol! It seems to change all the time here in Canada its eigther over 500.00 or over 10,000.00 dollars!! crazy ! My son used "localbitcoins.com that costs a lot but you can send any amount!👍✌💕 Mabe you can do a video on that part of it, its very complicated at times, and as soon as I figure it out finally , they change their system! lol!

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I appreciate your votes, Karen! Spreading the love ♥️ I hope your move goes well and that you have plenty of helpers. I don’t have experience with those other platforms but thank you for bringing them to my attention. I know that Coinbase users in the US can get funds deposited directly into their bank accounts. But I don’t know about Canada. @jongolson, do you know a platform that you use to turn crypto into cash?

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there’s a few. bylls was the big one that allowed you to send transferred btc to your bank account. but no idea if that’s online anymore.

https://coincards.ca is a really cool option. but canada really sucks for getting crypto into our hands. coinbase one day may allow it lol we hope.

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Thanks so much for your reply! yes I agree , it really does suck here in Canada and both coinsquare and Quadriga Suck ! we now use localbitcoins.com they cash any amounts but its costly because individuals do it , you just choose the best one thats most trust worthy , my son did it for me once so im not really sure how it works yet.👍✌💕

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and yeah. coinsquare is a joke. they scammed me and basically stole a bunch of ETH from me in december.

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Thanks for the fast feedback, man. There you have it @karenmckersie 👍🏻

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Your welcome 😊👍

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Thanks ,I appreciate your response. After Quadriga I tried coinsquare once, but I have not cashed any Steem out for a while now, the last time my son did it for me on localbitcoins.com. 😊👍

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Hey Ken! Awesome video man. :) I have only every used blocktrades to convert my SBD to SteemPower haha. What are the fees like with that site?

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Thanks brother! Glad to see you back here after the drought we had. Honestly, I don’t even pay attention to the fees. I can check and find out for you though

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Oh I am not too concerned with it haha, just curious what they might be. :)

Thank you, my friend, @kenmelendez for the various information regarding the blokchain bloktrades, I want to say the @bloktrades place with @bittrex is the difference . thanks

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You are welcome @armia! How’s your week starting out?

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@blocktrades FTW!

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Yes! Long live Blocktrades! 💪🏻💪🏻

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@blocktrades I hope you guys get to see this post and that it helps bring more awareness of your services to the community

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Warm greetings to you,
There's an invite giveaway contest going on can you join please,:blush:
The Contest ends on the 15th of September
https://discord.gg/VDcqfnN
I am very sorry for bothering you, I am open to join any server you want as well :slight_smile:
Please don't leave the server after joining.,

Hello There, we are happy to announce our Discord invite campaign!. You will earn rewards simply for inviting your friends to the channel.
Top 5 inviters will win the following:
:trophy: 1st place - 250$ usd
:trophy: 2nd place - 150$ usd

:trophy: 3rd place - 75$ usd

:trophy: 4th place - 50$ usd

:trophy: 5th place - 25$ usd

Join from here: https://discord.gg/VDcqfnN
A total of 550$ worth of BTC/ETH would be given away on 15th plus other prices, Join today and don't leave
Thanks