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you transfer your steem to Bittrex.com, poloniex.com and sell them for bitcoins which you can cash out directly through numerous ways. Advcash.com for example is a great mastercard solution that let you cash out worldwide where there is an ATM-machine.

"you transfer your steem to Bittrex.com, poloniex.com"

And even better new - just today - Steem's integration into Shapeshift.io has been announced! (ie- convert them to BTC's, then convert those to cash!) :-)

https://shapeshift.io

edit: here's their announcement right here on steemit.com

https://steemit.com/steemit/@shapeshiftio/official-announcement-shapeshift-has-added-steem-to-the-exchange

Easiest Way to Withdraw Your Steem Dollars / 31.7.16 / @piepiper / https://steemit.com/steem-help/@piedpiper/how-to-withdraw-your-steem-dollars-in-less-that-a-minute / The fasiest and easiest way to withdraw your steem dollars. (Video)

We should have this be a very full and informative section of the FAQ/Wiki for this. There should be lots of different options that explain the whole process from start to end, and what the pros and cons are for the different methods.

We need to keep in mind that a lot of Steemit users have little to no exposure to Bitcoins, exchanges, etc. I've helped a few of my friends through this process, and know from their experience that this aspect of Steemit cam be overwhelming.

Also, detailed steps to go between all the currencies should be there. Steem->BTC->USD. USD->BTC->SP. SBD->Steem->SP. (etc.)

You can convert your Steem to fiat currency by transferring your Steem to an exchange. Selling it to Bitcoin and using an exhange like Circle.com or Coinbase.com to sell to fiat.

If you've already sold your Steem to Steem dollars, you can also send your Steem dollars to an exchange like Poloniex, sell to Bitcoin, and sell on an exchange that buys Bitcoin for fiat like Circle.com or Coinbase.com for fiat.

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