The other day I made a post on how you could take the money you earn from Steemit and put it into your bank account, using an exchange like Bittrex to transfer STEEM to Bitcoin before the Bitcoin could then be exchanged for real dollars. However, for my fellow friends living in Australia, I have good news. Cashing out from Steemit has just been made way easier by the fact that Living Room of Satoshi recently started accepting STEEM directly, so you can skip out the whole stage of converting the STEEM to bitcoin first.

Today I am going to send $25 AUD from my Steemit account to my Bank Account using Living Room of Satoshi

I enter in my BSB and Account number, the amount of dollars I want to transfer and then it will show me the amount of STEEM that will take

It will take me to this page which will give me the details that I need to use for my Steemit Wallet

I move back to my Steemit Wallet and click Transfer next to my STEEM. If you have STEEM DOLLARS or STEEM POWER you will need to convert these to STEEM in steemit.com.

I enter in here the account, memo and amount as provided on the screen in Living Room of Satoshi.

I can see here in my history on Steemit.com that I have sent the STEEM accross.

When I return to Living Room of Satoshi after a couple of minutes I can see that they have received my payment and they request an email address to email the receipt to me. This payment will reflect in my bank account within 48 hours

If you have any Australian friends that are dubious about getting into Steemit because they are unsure how they would get paid, show them this to help them out! If you liked this post, please upvote, comment and resteem! 😍

Reach out to me in the comments and let me know what you're planning on doing with your STEEM! Are you saving it in STEEM POWER? Converting into another coin? or Cashing it out into your bank?