How to Sell Steem Dollars for Bitcoin using @Blocktrades - Guide for Newbies :)
Hi guys,
In this tutorial you will find information how to buy and sell Steem and Steem Dollars using https://www.blocktrades.us
Now, I've chosen https://www.blocktrades.us (@blocktrades) because they seem to be one of the most reliable exchange systems for Steem and SBD.
Poloniex has problems all the time, changelly and shapeshift froze their Steem support but @blocktrades is still working :) Let's go!
For this guide we're gonna assume that you want to sell your SBD and get Bitcoin in return - but you can of course use @blocktrades to also buy and sell Steem and SBD.
1. Go to https://www.blocktrades.us
2. In the SEND field pick Steem Dollars. In the RECEIVE pick Bitcoin.
3. In the Your Receive Address paste your Bitcoin Wallet Address.
If you want, you can also enter here your exchange BTC deposit address - so your BTC will be send directly to your exchange account (like poloniex, coinbase etc.)
This is how it should look like:
4.Click on the Get Deposit Address button.
You will be presented with this information:
Don't close the page just yet - we're gonna need the memo :)
5. Open new tab in your browser, go to https://www.steemit.com and enter your Wallet.
6. Send any amount of SBD to user @blocktrades and paste the memo from the https://www.blocktrades.us (point 4.)
Please note that you can send any amount of SBD - it doesn't have to be the exactly same amount that you typed in on the blocktrades website.
This is how it should look like
7. Click SUBMIT.
Now just sit and relax - the transaction will happen automatically and after 2-30 minutes the BTC should be transferred to your wallet / deposit address.
Keep in mind that currently there's a lot happening in Bitcoin world so transactions may take some time.
which is crypto offers the cheapest fee when using bocktrades?
Blocktrades is really easy and nice to use.
This is the simplest guide on how to do this that I've come across. Good job.
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Does blocktrades send the SBD back that you send them? or should you send the bare minimum, which I believe is 0.001 ?
Erm, no, it shouldn't send you back anything - just transfer the BTC.
They should send you SBD / Steem only if you buy SBD / Steem by sending your BTC to them (so the opposite transaction to the described in the guide).
best page in the world if you wana be some body one day
https://private.atlanticgam.es/#/sign-up/partner=P09201486561364
I also thought blocktrade to be more reliable for Steem trade but today even blocktrade disabled its trading for Steem, there was no option for Steem exchange today
that's good to know for the time when I will own some steem
Thank you so much for sharing!! I successfully exchanged my SBD to BTC today.