Bonus! Do you wan to power up your Steemit account using Wirex? Click here!
Ever since we started with Steemit I was wondering what was the easiest and fastest way to get fiat for your Steemit cryptocurrencies. I considered coinbase and bitpanda but then heard about the plastic visa debit card from Wirex.
I signed up and went through the whole verification process and after a few days later I received the card. If you opt for their virtual card the account is free. But I wanted to have an actual plastic card I could use for physical payments and money withdrawals from ATMs to get hard cash.
I opted for the Euro Plastic card, which ships for free to your address and there is a monthly fee of 1,20 Euro. Which I'm more than willing to pay in exchange for convenience. Because convenient it is. I know it's the worst time to sell SBD but I've been working hard on the Steemit platform for over 6 month and I felt like it's time to reward us with a weekly lunch paid by Steemit.
I've used the card now three times and that's super easy to turn your Steemit earnings into good old cash, since Wirex has a BTC and Litecoin wallet. So this is what I do using my earned SBD (but the process is similar cashing out STEEM) to load up the plastic card. One more tip before we start. Feel free to use a small amount to make sure it's all working correctly.
Under my wallet on Steemit I went to my SBD (STEEM DOLLARS) section and pressed the drop down and then pressed SELL, which leads you to the
market.
There you can chose via the left input field what Steemit currency and how much of it you would like to sell. Via the left input field you can choose what cryptocurrency would like to receive in return. I've chosen Litecoin because I think it's faster and the fees (?) are less.
Now head over to your Wirex Litecoin Wallet and copy your Litecoin Wallet Address (use the copy button to prevent mistakes)
Head back again to the
A new page opens and then I used steemconnect by entering my username to finalize the transaction.
Now this transaction needs to be confirmed at least 6 times in the blockchain before it's confirmed. The first time I did it it was almost instantly but the last time it took almost 1 1/2 hours.
Wirex will send you an email once the Litecoins arrived in your wallet. Now go to your Plastic Card dashboard (in my case it's called EUR Accoun) and press and exchange currencies. A new page opens, now choose on top via the "FROM" button Litecoin and "TO" EURO. Enter the amount and hit EXCHANGE.
That's it. The amount is linked to your card and you can start using it! You'll find your pin via their website under card details or on their app when you're logged into your account.
I really hope you find this article helpful and it wasn't too confusing and made sense. Free free to leave a comment if you have any questions. And if you would like to sign up for a Wirex account feel free to use the link below. Disclaimer it's an affiliate link! But I hope you don't mind in return for my efforts.
Wirex Plast Card: ORDER HERE
P.S. Please keep in mind that I'm not a cryptocurrency expert, feel free to correct me if I'm wrong or if you have a better option.
P.S.S. Soon I will be writing a similar post on how to buy STEEM or SBD using Wirex.
P.S.S.S. Almost forgot, every time you use their plastic card they will give a 0.5% cashback paid in Satoshi.