A Problem
The first question that an average Nigerian will ask you when you tell them about Steemit is “how do I withdraw my money”. After trying to explain to them, most of them won't even understand. They’ll hit with another amazing question “have you been able to withdraw your money?”
Sometimes I wonder why some people they just don't like to do a little research. Just use Google and YouTube for goodness sake. This shit is real AF.
Anyway, that is the problem and this is how I plan to solve it.
The Solution
I’m going to create the first Steem Dollar/Naira exchange!
Yep! I’ve been nursing this idea for a while now. I have discussed it with @samstickkz
We should have a portal where we can directly trade Steem Dollars for Naira. This is a just a normal possibility. It is bound to happen sometime in the future as the Nigerian user base increases and the SBD/Naira exchange becomes a more pressing need.
For now I’ll just be helping as many people as are within my sphere of influence using the resources I have at my disposal. I’ll be using my Steemit account (this very account(@tojukaka) as a primitive exchange.
All you need to do to convert your Steem Dollar to Naira is to send it to my wallet using your bank details as memo. Send Steem Dollars and I will credit your account with the equivalent value in Naira. You no longer need to go through the hassle of converting to Bitcoin and then to Naira if you need quick and instant cash.
I'm already doing this for some of my friends but I just want to put it out there and make sure everybody knows that there's something like this going on.
So if you want to convert your steem or Steem Dollars directly to Naira just send it to my account with your bank details as memo and I'm going to send you send you the equivalent rate in Naira.
Rate
The rate I'm using right now is 330 Naira per Dollar. This is the rate when the price of Steem dollars is $1.
You can send me a message through Steemit Chat 
I'll try to do instant transfer but you know I'm not a robot. Please send a message before you proceed to send your SBD.
Volatility
Steem Dollar is a little bit volatile. The price currently fluctuate between $0.95 and $1.3.
The exchange rate will therefore be hinged on the price of Steem Dollar in the market. The exchange rate I’m using is 330 Naira per Steem Dollar.
If the Price of SBD is less than $1 then the exchange rate will be multiplied by the current price of SBD in
https://coinmarketcap.com/currencies/steem-dollars/
For example: assuming you want to convert $60 to Naira and the price of SBD in the market is $0.95, the exchange rate will be calculated thus:
0.95955 times 330 times 60=18,999 Naira.
the price of SBD at the tim e of writing this is $0.95955
If the price of SBD is at or greater than $1, then the exchange rate would be 330 Naira per Steem Dollar.
For example: assuming you want to convert $60 to Naira and the price of SBD in the market is $1 or > $1, the exchange rate will be calculated thus:
1 times 330 times 60=19,800 Naira.
Before you send your SBD to my wallet
- Send me a message via Steemit chat or WhatsApp
- Check the price of SBD at https://coinmarketcap.com/currencies/steem-dollars/
- Multiply the price you see there by 330 and then by the amount you wish to send.
- Proceed to Transfer.
I want to take this service really seriously. I want to help people out there who don't want to go through the stress of converting first to Bitcoin and I want to support newbies who are still trying to understand cryptocurrency.
Now I recommend highly that you understand what bitcoin is and what this whole idea of cryptocurrency is all about. Steemit has provided an opportunity for people with no prior knowledge about cryptocurrency to get in on this technological innovation and put measures in place to incentivise education and creativity. So use this opportunity judiciously. Learn quickly!
Thank you for your time. Please leave a comment if you have any questions.
Sundayselfies contest is my way of showing love and giving back to the community.
It's a weekly selfie contest that opens on Sunday and closes on Saturday.
https://steemit.com/photography/@tojukaka/sundayselfies-contest-3-blow-kisses-and-pouted-lips
