Welcome to Lesson 5!
Cashing out your earnings in Steemit is an exciting thing. Back when the day where I was really happy cashing out around $15 per week. I finally found a site that pays our ideas/blogs. I am making this guide to help the Steemit users on how to Withdraw their Earnings Using Blocktrades. To those users who wanted to cashout their earnings via Coins.ph.
In case you missed my previous lessons, feel free to smash the links below :
Steemit Lesson 1 : The Best Way to Power-up Your SBDs
Steemit Lesson 2 : What are Cryptocurrencies? Blockchain?
Steemit Lesson 3 : How Do We Transfer Our Tokens from Our Wallet? A Guide to Account Transfers.
Steemit Lesson 4 : A Guide to Understanding Steemit's Different Passwords (Keys)
In this lesson, I aim to provide you a step-by-step process on how do we transfer our coins using Blocktrades and a continuation on how to receive it via Coins.ph account. Using blocktrades is an easy method to use and that using blocktrades simplifies your withdrawal process, it eliminates the hassle of selling your SBD/Steem to bitcoin via exchanger.
In using blocktrades, you need the following :
- A coins.ph account with your BTC Wallet Address
- https://blocktrades.us website.
- Your Steemit account.
- SBDs/STEEMs to withdraw.
Let's Start.
Go to your wallet and identify the amount of SBD/Steem to withdraw.
Let's use Steem Dollars as an example and click the dropdown icon beside the figure of your Steemit earnings. Click on transfer and :
Visit https://blocktrades.us website.
You don't actually need to login to perform the transfer, but logging in allows you to track your transaction. So, it is advisable to register and login in performing the transfer. You can see "Send" and "Receive" tabs. As mentioned, let's use SBD as an example.
- Send will be Steem Dollars.
- Receive will be Bitcoin.
Identify your BTC wallet address in your Coins.ph account.
Find your btc wallet address. Once you found it, copy that 32-bit wallet address. Then head back to the blocktrades site and paste your btc wallet address on the Your receive address label. BTC wallet address looks like this in coins.ph :
Then paste it.
Click "Get Deposit Address" blue button
Click the button and a message will reflect at the middle bottom of the site. Copy that memo like this :
Head Back to your Steemit account to Complete the transfer
Copy the memo and place it on the Memo on your transfer. It should look like this :
The transfer is Complete!
If your not using Coins.ph, it's totally fine. The important thing is your receive address should be BTC address. The continuation will be a guide to users who are using coins.ph.
Wait for your BTC to be completely received in your Coins account. Then head back to your Coins.ph and look for Convert
It should look like this :
Click the "Convert" button
Just don't mind the BTC because I don't have it. Only focus on the process it took to perform the transaction. It will successfully be converted to PHP and it's ready to withdraw.
Click the cashout to withdraw your earnings and choose for where do you want to cashout your earnings.
We're Done!
I hope this blog guided you in withdrawing your earnings from Steemit to Blocktrades and to Coins.ph. Don't forget to Smash that Upvote and Resteem button!. Steem On ! :)