Convert your STEEM DOLLARS into BITCOIN on BLOCKTRADES.

image source - dailybitcoinnews


Today I’ll Show you how to convert your Steem Dollars which you get from Steemit into Bitcoin. To do this, firstly you should log into the Block Trades site. In a couple of steps, you should get an account from https://www.blocktrades.us if you don’t have an account on this site.

After you created your account you should follow the steps below;

Here, the first thing to do is to select “Steem Dolars” from the “Send” field and you write down 10 Steem Dollars for converting.
Then from “Receive (estimated amount)” field you select “Bitcoin” and the Bitcoin amount will be written down automatically. Today rate, 10 Steem Dollar equals 0,00545006 Bitcoins.

Then you input your Bitcoin Wallet code into “Your receive address” field. To do this, you shoul go to your Bitcoin Wallet and copy the code from the related field.
(I use “coinbase wallet” so I’ll show you on this wallet)

After you copy the code, you switch to http://www.blocktrades.us web page and paste the code into the “Your receive address” field and click on the “Get Deposit Adress” link.

Then click "Manual Transfer" tab on the same page.

Because we will use the "Account Name" and "Memo" information in this area, while this page is open, you should go to our account at https://www.steemit.com and click on the "Wallet" link.
Then, you click on the arrow image next to "Steem Dolars" and click "Transfer" button.

While this page is open, you pass to the blocktrades page and copy the "Account Name" and "Memo" then paste them into the "to" field and "Memo" field on steemit page.
Then click on the SUBMIT button.

So we have transferred 10 Steem Dolars from Steemit page to our wallet at www.coinbase.com as Bitcoin. The Bitcoin we transferred to Coinbase will be activated between 15-30 minutes. Thus, your Steem Dollars are ready to be spent as Bitcoin.

If you want to watch these steps from video, you can watch the following video made by "Cheyne Mott" on YouTube.

@racoo