Good service by Shapeshift an Easy As Pie post update
In my post about easy conversions from one Bitmoney {AKA: coins, cryptos, smartmoney} type into another, I was a bit carefull about advising Shapeshift. Their pure conversion/ exchange service is intregrated into lot of wallets, like the one by CoinPayments. They support Steem conversions, which is great, but unfortunately no Steem (Backed) Dollar {SBD}. Yet, being intregrated in the Point Of Sales / Wallet app of CoinPayments is a big plus. But when I had two conversions failing on the same day, I became a bit more reserved towards the ShapeShift service.
Contacted them through the form on their website, filled out the Transaction ID (Hash) and Deposit Address and the rest they needed for information. And it all got fixed within a few hours, so kuddos to the support team of Shapeshift! Still awaiting one issue to be fixed and I do trust it to be done later today. (Because their part of the world is mostly still asleep.) Therefore Shapeshift dot IO is one in the list of good conversion exchanges, together with Blocktrades and Changelly. For those who do not want to trade but just convert their BitMoney, like Steem, into Bitcoin or Litecoin.
Have a good one!
PS Apparantly some BitMoney related services like Litebit dot EU have reported DDOS attacks recently. It might be that others also are, or have been, under attack lately. It is good to know that they have excellent helpdesks to solve the challenges caused by things like these DDOS attacks quickly. All it takes is some patience and it will be resolved.
Steem to Bitcoin conversion using Shapeshift
and the CoPay Bitcoin wallet
screenshot by @oaldamster
EDIT: text corrections
Always good to know these things!
Indeed it is!
I found Shapeshift prohibitively expensive. I would only use it if I had to.
Before Steem came into excistence I used Shapeshift a lot. Now mostly Blocktrades and Changelly.
it is not such a big deal since you can convert your SBD to STEEM quickly here. It is really a great service. Too bad the decentralized exchange are not that easy to use.
Some do indeed find the internal and external trade markets hard to use. That is what I was writing the post(s) for. And I must say that Changelly does a nice job converting SBD to Steem (1:2.2 at the moment of writing). While Blocktrades only does offer Steem (Backed) Dollar {SBD} to Steem Power {SP}.
And you can convert SBD to Steem from within your wallet, it takes 3.5 days though. With the decentralized internal trade market and the external centralized trade markets being way too complex for the non 'crypto' experienced, these conversion services are the next best thing.
I stop using the 3.5 days conversion (when it took 7 days actually).
isn't Shapeshift the only one you don't need to register first?
Although I also registered at Blocktrades and Changelly, I do use them without logging in most of the time. With Changelly there are some functions which would need you to be logged in.
So all three can be used anonymously.
thanks I didn't know!! this is good news
It is my pleasure! :-)
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