SIMPLE METHOD: GO FROM STEEM DOLLARS TO CASH FAST.
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ITS MY MONEY AND I WANT IT NOW
You have finally done it. You made an excellent post and it just paid out. Sitting on a fat stack of Steem Dollars, you convert to bitcoin and are about to transfer the USD to your bank when you see that bank transfers may take up to 5 business days. Don't want to wait 5 days or longer. Following this simple method you can turn those Steem dollars into cold hard cash in under an hour.
YOU WILL NEED 3 THINGS
- Steem Dollars - From your Steemit wallet
- Localbitcoins account - sign up takes 30 seconds
- Amex Serve or Bluebird card - sign up for Serve or Bluebird free card arrives in the mail.
EASY AS 1,2,3
STEP 1: CONVERT STEEM DOLLARS TO BITCOIN
We will be converting the Steem Dollars to Bitcoin so that we can cash out on LocalBitcoins. To do this we can use either Changelly or service Blocktrades.us. We will demonstrate on using Blocktrades.us.
- On the first drop down box and select SBD Steem Dollar.
- On the second drop down and select BTC Bitcoin.
- Enter your LocalBitcoins wallet address
- Click on Get Deposit Address at Blocktrades
- Send Steem Dollars from Steemit wallet to the account "blocktrades" with the memo included.
STEP 2: SELL BITCOINS ON LOCALBITCOINS WITH AMEX SERVE
- Log into Localbitcoins and check your Wallet for the bitcoins we sent. (It may take 10-30min to confirm.)
- Click on Sell / Prepaid debit cards / Serve2Serve
- Select a user with a green dot (active) and over 100+ trades + 100% feedback reputation and click SELL.
(The users have two numbers next to their name number of trades and feedback reputation. )
- Enter the number of bitcoins you are selling and the email address you signed up for AMEX Serve with.
- Then click Send Trade Request.
- The user will respond, usually within 5-15 min, to confirm they have sent the funds to your Amex Serve card.
STEP 3: GET YOUR CASH
- Log on to your Amex Serve or Bluebird account and verify the funds have arrived.
- Go to your nearest ATM and withdraw the Cash.
- After the Cash is in your hands go on LocalBitcoins and release the Bitcoins in your trade.
That is all there is to it. Now go enjoy that cold hard cash!
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