How to withdraw money from Steemit? Easy method to convert the earned money in steemit into Bitcoin

in #steemit7 years ago

Hello readers,many of the new steemit members are unknown about how to withdraw money from steemit?. Many of the user are not clear on how to withdraw the earned money from steemit.So today i am going to help you all by explaining the process to withdraw the earned money from steemit,lets go
First Step

Register a new account at poloniex.(if you have already have a account then you don't have to create new one)

Second Step

Get a Memo code
Click on balances and on the drop down menu select on”deposit and Withdrawals”
Scroll down continue until you find steem,On the steem click on deposit option
Then you will get a memo code
Copy that code

Third Step

Get steem from steem website to poloneix
Click on your steem wallet
Go to steem balance
Click on transfer
You can see the “to” box
Put poloniex
Enter the amount that you want to transfer
In the memo box
Paste the memo code that you have copied earlier
Click on transfer your steem is going to transfer to your exchange.
This will take some time

Fourth Step

Exchange your steem with Bitcoin
Find BTC-STEEM market in the sell steem click on highest bid.
Put the amount that you want to sell in amount field
Click on sell
Now your steem is converted to bitcoin

indexlll.pngFifth Step

Get Money in Banks
Now you have bitcoin balance,you can use this amount for any purpose
To get money from bank i am going to tell some easy ways
You can sell your bitcoin to a trusted person in your local area and get money from him or
You can also exchange it with the dollars in your payoneer account and can withdraw cash from atm.(which supports Payoneer master card.
I am using the the above ways to exchange my bitcoin with $ so i have listed them.This process is simple so i am using it,you can also do the same but there are some other ways also to convert the bitcoin into your currency,i will write about that in next post.If you have any problem please comment.

Sort:  

Making money on Steemit looks confusing to me, but I keep reading new posts to know more about this platform :)

Great tips ! Thanks for sharing this :)

welcome

how do you transfer bitcoin to payoneer?

You can exchange in exchangers sites

Any example where I can do that? Sorry for bothering you

What will happen if I don't have pyaza or any other account and on steemit after 7 days what will happen with that money..

Thanks for sharing.

thank you for this tip..i will follow the steps once i need to withdraw...

Coin Marketplace

STEEM 0.17
TRX 0.13
JST 0.028
BTC 57178.77
ETH 3095.71
USDT 1.00
SBD 2.12