Yes , Its now possible the dollar amounts listed here and the procedure which im going to tell you ahead is the real way to make money with legal channels and its so interesting and easy to use, most importantly this article is consist of those things which explains what it takes to cash out that money which you guys and gals earn on steemit and get that money into your bank account or into your bitcoin wallet,
so i dont want to waste your time so now get started about how to cash out money from steemit into bank account.
Task 1 - Get Started with Poloniex
In order to withdraw money from steemit we will start with poloniex exchange , there are alot of other option aswell but this one is more good to withdraw money in to bank account, so go ahaed and start with sign up with this site first, u can skip this step if you have already account on poloniex.
when you are filling out the form make sure to enter first your phone number with a plus sign (+), with your country code with a space other wise you will not fill it ahead.
from now after entering your primary information its time to check your email in which a confirmation id is sent by the company to confirm that you indeed have your own email address,
Task 2 - Depositing Your Hard Earned Steem Dollars
Now next is the time to deposit your earned steem dollars and this one you can do that by visiting cash balances and withdraws page on poloniex.
there are massive amount of cryptocurrencies which are listed on that page , hopefully there is a research box on top right corner that allows us to narrow down it to those things and the steemit deals in if we like to do that we can power down our account and withdraw some steem each week in the form of dollars and transfer it to our bank account,
Now go up word and choose the deposit link to find out the deposit guidelines.in this scenario you will be deposit and transferring the steem dollars through your steem site to use the polniex with the receipt that is generated here, without this poloniex will not correlate your deposits with your poloniex account and you could lost your deposit, so i advice you to deposit very tiny amount first time to make experience until you know the whole process about this
now leave this browser tab and copy both the receipt and the user name to make sure that you write it correct.
now refer these funds to that address i mean go back to the steemit and go the your wallet page
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now here you click the amount shown next to the steem dollars and then click the transfer.
now in the transfer dialogue you have to fill out the form so that all transfer will go to the poloniex account with that receipt that was shown on their deposit page and it should be match correctly other wise you will loose your money and say good bye to that money by this mistake.
Now on this point you have to verify once again to prove it that you really yourself mean it hopefully this extra verification can prevents your amount from nasty sites,
When transfer is in form you will definitely watch the deposit history page over to the poloniex for the deposit to show in, this will take some extra time, so it will be good to have a cup to coffee while waiting and for grabbing the handsome amount.
once it is complete you will see something like this guys and gals
Task 3 - Selling your Steem Dollars for Bitcoin
On this point you have to watch the value of your steem dollars and changing it to second relative to bitcoin, over to the exchange page on poloniex and keep scrolling the page until you see the 3 orders of forms listed.
this is the time of truth once you fill the form order the amount of steem dollars you are selling and than click sell and you will end up holding coin and paying the small charges, and if you are sure you want to give up your sbd which can be grow up amd make huge value , go ahead and sell it