There are a lot of users joining steemit from India,. So i have decided to make a guideline onn how to convert Steem into INR.
Many of you might be saying, it's really really as simple as fuck! And you do not need any help, but hey believe me there are a lot of new user facing trouble understanding how to withdraw Steem and SBD and get money in their bank account.
So let's get start friends :)
what to do and what you have
- A poloniex account.(However, there are many exchanges that supports Steem/SBD, you can use any of them)
- A verified Zebpay account.
Zebpay for Android | Zebpay for IOS
Install it and register simple using sharing link
Goto top right corner and open menu>> make verification >> verify your PAN card and Bank account.
Once your account get verified then you 2ill say HURRAH...! I done it .
Deposit your SBD To Poloniex
Note please : This process applicable to anyone/everyone looking to convert SBD to BTC.
Go to https://poloniex.com
login to your account >> goto Menu >> goto Deposits and Withdrawals.
Find and select "SBD" from the list -then click on deposit. Here we will get deposit details.
Go to your account on steemitwallet.com >> Steem or Steem Dollars - goto its drop down menu select "Transfer".
A pop up will open, fill in the details and click "Transfer".
Wait for the SBD reach to your poloniex account , then convert it into Bitcoin.
Now, to convert your Bitcoins into Indian rupees. you will have to first withdraw your Bitcoin to Zebpay wallet, to doing this you have to processed some method.
Converting BTC to INR
Go to poloniex >> goto Menu >> goto Deposits and Withdrawals.
Select BTC from the list. Then Click on withdraw.
In the first field put the Zebpay bitcoin address and then put the amount you want to withdraw.
How to find Zebpay address :
First Open Zebpay app, then top right open menu - after that select my address and then copy it.
Now, go back to poloniex again.
Fill in the details and tap withdraw.
Now, wait when transaction get confirmed on the Bitcoin network. You also can check transaction status on poloniex "deposits and withdrawals" or using Zebpay "send and receive Bitcoins" button .
Once when it confirmed and you receive money in your Zebpay wallet. You have to sell it first before you can withdraw it into your bank account as simple as it is.
To sell your Bitcoins click on "+" icon and select "buy/sell Bitcoins" option, after that tap on "sell" tab.
Enter the wished amount to sell you also can select "sell all" to sell all available Bitcoins.
Once you sold your Bitcoins, you will get balance in your account, which you have to withdraw it to your bank account...
Click on "+" sign again and go to "account" and select withdraw for account.
Goto the next page, where you enter the amount you want to withdraw and thats it..
You will get the money in your bank account within a day and enjot with that currency in your hand and you can buy what you want..
How to Exchanging Steem To INR
To exchange Steem into INR, process is totally same, you have to j
ust select Steem instead of SBD in all the process.
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