It depends on how busy their system is, usually I wait anywhere from a minute or two to 10 minutes. Once I waited almost an hour, but one time out of like 100 isn't bad.
Okay, thanks. I was reading this and tried to experiment by transferring .001 sbd and it didn't transfer immediately. I wasn't sure if it was the system, or if I had done something wrong. But it's transferred now! Thank you for the guidance!
I agree bittrex is the one to use.
I started to try and use poloneix but i just don't think it is as user friendly then i get a little wary of it too sometimes because it'll conveniently disable SBD /steem sometimes. Ugh.
From bitrrex where I convert to BTC > krakken, convert to your fiat currency. Depending on your location, you will either require tier 1 or 2 verification. I like krakken. They seem to go the extra mile with security.
I found @beanz guide in the steemit faq to also be useful. Thanks for posting this.
@clayboyn great post and very detailed, I use bittrex but for larger transactions sometimes I use blocktrades as it pays more. Krakken is great too. Thanks for sharing.
great article and really well written. blockchains fee is so high, this is a good alternative
I mean blocktrade
When you say, "We then get a transfer confirmation and wait for Bittrex to receive our funds," how long should it take?
It depends on how busy their system is, usually I wait anywhere from a minute or two to 10 minutes. Once I waited almost an hour, but one time out of like 100 isn't bad.
Okay, thanks. I was reading this and tried to experiment by transferring .001 sbd and it didn't transfer immediately. I wasn't sure if it was the system, or if I had done something wrong. But it's transferred now! Thank you for the guidance!
Thank you for this! I tried ti and i'm currently waiting for my sold bitcoin to go in to my bank account!
Glad it helped!
I agree bittrex is the one to use.
I started to try and use poloneix but i just don't think it is as user friendly then i get a little wary of it too sometimes because it'll conveniently disable SBD /steem sometimes. Ugh.
From bitrrex where I convert to BTC > krakken, convert to your fiat currency. Depending on your location, you will either require tier 1 or 2 verification. I like krakken. They seem to go the extra mile with security.
I found @beanz guide in the steemit faq to also be useful. Thanks for posting this.
I have been wanting to check out Krakken, thanks for reminding me!
This is an excellent tutorial. I've been sort of satisfied with poloniex, but bittrex seems to be a much better choice.
Thanks for info about where we can exchange
Till this moment I use blocktraders.
What you point of view about blocktraders !
I haven't used it yet, but aggroed mentioned it earlier and I may check it out!
Thanking in advance
Wait to hear from you after you check it
nice tutorial !
@clayboyn great post and very detailed, I use bittrex but for larger transactions sometimes I use blocktrades as it pays more. Krakken is great too. Thanks for sharing.
Very helpful. Thank you for taking the time to make this.
Not a problem, glad to be able to give back to the next wave!
It's very much appreciated, there's a big learning curve here but I think it's important. Thanks again!