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
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.