If you are new to the DIGITAL ECONOMY you may have a hard time figuring out how you can convert you Hard earned Steem & Steem Backed Dollars to your respective County's currency.
I had trouble converting my Steem Backed Dollars into INDIAN Currency. And while exploring i figured out how i can convert them into INR.
Before making this post, I have looked up upon every country, and how you can convert them into your Country's Currency.
Step 1
Converting your earnings into BITCOIN
Firstly create an account.
-For Users Outside India Can Use: Coinbase
-For Users Within India Can Use: UnoCoin
At the time of signup you can verify all the necessary details as per the Website.
For For Indian Users it'll ask you for Pan, Bank Account, Aadhar Card.
After creating an account you will receive your own BTC address.
Converting your Steemit earnings to Btc wont take much time.
1.A) You can convert your Steemit earnings through Blocktrades.
@Blocktrades is one of the easiest way for converting your Steem Or SBD to Bitcoin. You don't need to signup here.
You can choose to send either steem or SBD and receive Biitcoin or any other. But ATM lets say Bitcoin.
After you have entered the Amount of steem or SBd to send and BTc to be received and clicked the generate Address, it will give you a deposit address and a memo. The Deposit is always @Blocktrades.
It would look like this:
Now Go back to Steemit Account.
Use the deposit address that is blocktrades and Memo as shown. With the amount of steem or sbd you'd like to send.
As Shown Below:
Now you'll receive the equivalent Amount of BTC in your account.
If you don't prefer Blocktrades, You can also use the different Exchanges like Bittrex , Poliniex, Bitfinex etc. And then Sell SBD or Steem for Bitcoin and send it to Coinbase or Unocoin.
Then sell those bitcoin in Unocoin or coinbase and send the Money to your bank account.
This is the easiest way you can convert your Steemit earnings to the countries currency.
Please note: At the moment Bitcoin exchange has been disabled until 1st of august in most of the exchanges.
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