Steem is a unique and quite interesting cryptocurrency platform with its features and benefits. There is a special way to earn and withdraw Steem Dollars (SBD) from a Steemit account. In this article we’re gonna show you how you can withdraw SBD directly to Changelly.
About Steem
Before we start, let’s take a closer look at the platform to understand it better.
Imagine if Reddit works on a blockchain, and a user gets money for good and readable content. Roughly, this is what Steem represents. It’s the first blockchain based social media. And there are Steem Dollars (SBD) you can get instead of likes and upvotes if you post something second to none. One Steem Dollar is equal to one American Dollar. SBD is stored on Ninjace, a wallet avaiable a user’s Steemit account and can be earned through posting, voting or mining. Apart from that, there is anoter croto, STEEM, that may be transferred anytime. STEEM is also available on Changelly and can be withdrawn similarly.
A step-by-step guide
1. First, you need to create a transaction. Go to the homepage and select the amount you want to exchange, say, 3 SBD to BTC, and click “Exchange!”.
2. Check the amount you’ve entered, the ticker and the final amount of BTC expected. Click ‘Next”.
3.Enter the BTC address you want to receive BTC.
4. Check your payment details and click ‘Confirm & Make Payment’
5. Now you see the information you need to get your transaction finished. There are an address and Memo, a short recipient code you’ll need to indicate later.
6. So now you’re in your Steemit account and want to exchange Steem Dollars. Select Steem Dollars and ‘transfer’ in the drop-down menu of your wallet.
7. In a pop-up window, enter ‘Changelly’, the amount you want to exchange (3 SBD) and Memo. Once everything is entered correctly, press ‘Transfer’.
8. Re-enter your password on Steemit to confirm your transaction.
Here you go! Within 5-20 minutes you’ll get your STEEM or Steem Dollars exchanged to BTC on your BTC wallet. A duck soup even for non tech-savvy users!Changelly allows to exchange STEEM and SBD as well. Steem is a pretty unusual blockchain platform with growing interest. Although Steem was launched several months ago, it became highly popular in the crypto community as it transformed the way good content is created. According to Coinmarketcap, STEEM capitalization is $218,370,433 at the given moment.