So I received a lot of messages on how to withdraw their earnings in Steemit into real money. Most of them were from our community here, and walking them through individually is a difficult task. So instead, I'll make this post as an easy guide on how to withdraw your earnings and receive it by hand. Hope you'll find this helpful.
This is a long post, because I provided you a step-by-step walk through process in the withdrawal of your earnings, so please be patient.
Photocredit : http://www.reonline.org.uk
This is assumed you already created Steemit, Bittrex, and Coins.ph accounts.
So if you have not registered those accounts yet, please register first! I did not provide a walk-through process in the registration portion because its easy and anyone can do it conveniently.
Let's Start!
Under your Steemit account, click on "Wallet" :
I took a screenshot on my account, highlighting WALLET, please click on that
You will then be redirected to your account value in Steem, Steem Power, and Steemit Dollars. Like this :
In this case, lets use Steem Dollars as an example in withdrawal of earnings. Click on the value inside the red diamond.
Click on transfer, then you will be redirected in the final stage of sending
In transferring, type bittrex as your recipient since you are transferring your earnings to bittrex. Then type the amount you wanted to transfer/withdraw.
###x What's the memo portion? How did I get that?
That memo is your Bittrex wallet address for Steem Dollars and you need to get that from your bittrex account. In your Bittrex account, every alt coin there has a unique wallet address and so with your Steem Dollars. Login your account to bittrex.com. Normally for security purposes they will require your email for login verification process. After that, you will be redirected to their main page. Then, click on "WALLET"
You will then be redirected to your account's wallet. Under the search tab, type sbd. Once Steem Dollars will reflect, click on + plus button. The reason why it is labeled as + is simply because you are adding value in that wallet. The other term is Deposit.
You will then be redirected seeing your wallet's deposit address. If in case you have none since you are new, just click on GENERATE WALLET ADDRESS for you to get your wallet address. Looks like this :
Done copying? Go back to your Steemit account and complete your transfer process by pasting your Bittrex SBD wallet address on the memo. The final look should be this :
Your Active, Master Key, and Owner Key is needed for final stage. I actually withdrawn my 29 SBD's to walk you through until the very final step! Once it has been confirmed, you have to wait for 5 to 10 minutes and check your Bittrex wallet account via SBD (same process as instructed). Once you received it, we'll continue.
For PH community only (Coins.ph)
Already received? Let's continue!
Assumed your deposit has already been reflected on your bittrex wallet, then you wanted to transfer it to coins.ph, you need to convert first your SBD's to Bitcoin. Why? Because coins.ph only accepts bitcoin. Other alt coins like Steem, Steem Dollars, Etherium and etc. still not been recognized. I hope someday, they will accept Steem/Sbd! (Can anyone help us on that?).
To do this, look on symbol column and click SBD. It is an active text which will redirect you on bitcoin (btc) to steem dollars (sbd) transactions/history.
I will convert my SBD's as an example. I normally convert my SBD's when the value per Steem Dollar goes higher than $1. Lets neglect that, so here's how to sell your SBD's to btc.
Focus on the highlighted (red text and box). Let's start with Bid and Ask. Those are the values of SBD's per btc. The bid and ask are the best potential prices that buyers and sellers are willing to transact at: the bid for the buying side, and the ask for the selling side.
So if you want to sell your SBDs, you need to consider the bid (if you want to sell it). Focus on the 0.00022079 value in btc, because thats what the buyers are looking for to buy. Then fill that up, on the next box I highlighted, same thing like this :
It may change in prices, because the value is always changing. Always look on the BID price to directly sell your SBDs. Once it is sold, go back to wallet. This time, we will be sending our btc's to COINS.PH.
Shown below will be the withdrawal process from bittrex to coins.ph.
Fill that up, and it should look like this!
What's that wallet address Again?
That will be your coins.ph Bitcoin wallet address, and you need to go to https://coins.ph website to get your bitcoin wallet address. Don't worry, I will still walk you through!
Click on that small icoin to receive your Bitcoin wallet address. It should look like this :
Put the wallet address on your coins.ph to your Bittrex withdrawal. This should look again like this :
That is the final to send your earnings from bittrex to Coins.ph. The problem with bittrex is that it has a fixed transaction cost of 0.001 btc - around P220.00 + per transaction. So when you withdraw, save it first to the biggest amount of SBD as possible so that you can save from the fees.
After you clicked on confirm, you need to go to your email for finaly verification. Just click on the message and click on the active link to verify the transaction was from you. Then, wait for more than 30 minutes to reflect your withdrawal to coins.ph in BITCOIN. For you to withdraw that, you need to convert that into Php (Don't worry, I will still walk you through!).
This is assumed you already received the BTC in your Coins.ph account
.
After clicking that, you can now convert your bitcoin to Philippine peso. Congratulations!
Once you successfully converted it into Php, you can now withdraw your earnings! Don't worry, I'll still walk you through! There are various ways on withdrawing your earnings. GCASH, Cebuana Lhuillier, Security Bank, or through Bank
Click on Cashout, then you can select on many choices for withdrawing your earning. Let's focus on CEBUANA LHUILLER, which I normally used when I withdraw.
Then the next steps will be so easy, filling up the necessary information. I did not intend to continue because information on that part is critial. But I assure you, it will be easy! :)
Congratulations! You will be receiving it only in a few hours <3