How To Withdraw STEEM From BitShares.Org - Tutorial

in #steemit8 years ago (edited)

How To Withdraw STEEM From BitShares.Org - Tutorial

At the time of this writing (July 23, 2017), there does not seem to be an easy way to withdraw STEEM from BitShares.Org . The SBD option does not seem to be there, either. In my case, at least, the option does not exist under the normal "Deposit/Withdraw" button/tab at the exchange site. Maybe this is temporary. Anyways, there is another way to get STEEM from BitShares into your Steemit wallet.

If for some reason you are not able to withdraw STEEM via the regular OPEN.STEEM option at Bitshares, you can still withdraw using the following method.

Step 1 - At the BitShares site, Convert all your Steem to BTS

Step 2 - Once you have the BTS, go to Deposit/Withdraw tab at the top of the exchange site. Where it says "Transfer Service", choose BlockTrades (TRADE.X)

Step 3 - A new screen shows up. There will be options for Deposit, Withdraw, and Internal Conversion. What interests in this case is the Withdraw area. In the first coin, select BTS, in the second coin, select STEEM. Then type how many BTS you want to convert to STEEM, then click on Withdraw Now.

Step 4 - This is the final step. A popup appears, requesting to fill the "Withdraw To Address". That would be your Steemit username. In my case, it is galactic123 , and in the MEMO, paste the MEMO that you can find at your Steemit wallet, under Permissions.

Essentially what happens here is that you send BTS to Blocktrades, and they convert them to STEEM, and lastly deposit them in your Steemit wallet. If you are going to try this, make sure to experiment with small amounts of BTS first, to make sure all is OK.

Hope this helps!

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Thanks bro. I have been having same problem. Using your method sure beats having to convert the STEEM to Litecoin or wathever and then having to use Bittrex or wathever. I don't know why STEEM or SBD are not showing up as a normal withdrawal option. Liquidity issues? Anyways... Upvoted!

I imagine it is just a temporary issue on their side (Bitshares site).

Thanks for the tutorial!

Thanks man. It helps. :)

It is useful sometimes they have STEEM in the normal withdraw and sometimes they dont. Thanks!

Thanks for info!

Great post. Please read my biggest danger in crypto, would love your feedback -
https://steemit.com/cryptocurrency/@cryptocoinclub/blockfolio-addiction-help-group

Cool. I commented. :)

what's the difference between openledger.io and bithsares.org exchange ?

As far as I know, openledger is the base technology of bitshares exchange. So, they are the same thing. The name bitshares is more like a marketing thing, so to speak.

nice one thanks for this

it is good to get clear instructions as i have no idea - am so new am now following you in support

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