Ever since I read about bitshares and watched videos about how it works and it's importance, I haven't stopped using it.
Currently my top 3 cryptocurrency exchanges are bitshares, binance and bittrex. I've already written about binance on my blog and how to make money from it, but right now I want to teach how to convert steem to btc using bitshares and save $6.
Currently I use bitshares for converting steem and sbd to bitcoin because of
- It's decentralized nature
- I get 80% of all your transaction fees back
- It can also be used as a wallet.
- 50% referall bonus.
how to convert STEEM to BITCOIN on BITSHARES
1. Create your bitshares account and backup your account
Creating a bitshares account is easy, just click here
2. Click account by the top left corner
3. Click deposit beside open.steem
4. Copy username and memo
5. Go to your steemit wallet and send steem to the username and paste memo copied into memo on steemit
Deposit should take about 30 seconds to reflect
6. Click btc and click open.steem
7. click your steem balance under sell open.steem and then click sell
8. steem sold shows at the top right corner
9. Click account to view your bitcoin and click withdraw
10. Paste your bitcoin address and input the amount you want to withdraw minus fees
11. click confirm (cheap fees)
withdrawal on bittrex currently is 0.001 BTC = $7
Using bitshares saves you more than $6 Because withdrawal fees on bitshares is currently 0.00001.. BTC = $0.09
Losing $5 or $6 to transaction fees might look like a small money but if you need $1000 in your savings account, you'll need be saving $5 for 200 times.
Click here to register on bitshares
Thanks for reading
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