SteemX - A new way to exchange STEEM for FIAT
SteemX
A new way to exchange STEEM for FIAT
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Hunter's comment
This looks like a really interesting new way to convert your STEEM to your local currency.
You have to register with your Steem username and you get assigned a wallet address. Send your STEEM or SBD to this wallet address and with a small fee which is equivalent to a normal exchange (around 5% in total), you can end up with funds that are withdrawable to your Paypal account.
From STEEM to FIAT can take as little as 30 minutes with no limit for verified users.
Also, they have a charity donation scheme; for every transaction over 50 STEEM, 1 STEEM is donated to help put a child through school.
Looks like they are also going to introduce an SDK and API to allow third party integrations.
Looks very promising as a new gateway for STEEM to FIAT conversions.
Link
Contributors
Hunter: @markangeltrueman
This is posted on Steemhunt - A place where you can dig products and earn STEEM.
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This is the beginning of something great. Being able to convert Steem and SBD straight to local currency is how we grow our platform. Unfortunately 5% is still ridiculously high, not to mention paypals cut. But this is a great start. Awesome hunt
Yeah, it is a bit high, but some might say that convenience of it, especially if you are shifting a smallish amount around, is worth it.
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Great hunt. Exchanging Steem for fiat is obviously an advantage and having more options like this will make people flock to Steem even more.
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Pros:
being able to transfer to paypal makes this very easy to use
for transactions under $100 ID is not required
easy to use and fees are modest
Cons:
none that I can see
wow, this is a good and fast way to convert some steem to fiat, without having to exchange it for BTC. It will also lessen transaction costs. Great hunt.
looks like interesting.. all of us here uses steem and sbd.. sometimes it is really a problem converting those tokens to fiat.. Only few allows us to directly converts those tokens to fiat.. Before, I used to convert steem/sbd to BTC and then BTC to fiat.. Thanks for your hunt. Now I could have options to convert to fiat..
That is a step in the right direction. STEEM to Fiat is vital. I cannot say that the 5% excites me but it is the first step. As more exchanges come online, we could see this change.
Super find, I mean hunt.
thank you for sharing this one
It is easier to buy/sell to fiat money with this one.
But i'll try to compare the charge from other exchanger.
one more question, it has a affiliate program?
Not that im aware of.
ok brother, thanks :-)
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