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RE: Cashing Out - How to Turn Steem Dollars into Australian Dollars
Interesting. I was wondering how to do it.. so essentially you 1. Convert to another Crypto from Steem. 2. Use said crypto for a sale into the local currency in a wallet system. 3. Withdraw local currency from wallet. Have I understood correctly?
Yes, although if you are on an exchange that has steem/sbd and your local currency you can skip 1 and just transfer steem/sbd straight there to sell.
Now the golden question is... how do I withdraw to a local currency!¿ haha Or even USD... in a country like Colombia.
There could be local tax implications going from crypto to fiat