Cash out STEEM / SBD in RON, Full Guide 💲

Hello there fellow Stemians,

I’m coming along with this guide for our Romanian community to cash out their earnings!

I tried, with all my best, to simplify it in 3 steps: Earn your rewards, Withdraw and Cash OUT.

Let’s get started:

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Earn your rewards
This is what we are working for. Appreciation that we receive for our content. We can earn STEEM / SBD by:

1. Writing posts
2. Receiving upvotes
3. Making curation
4. Wining contests, receiving donations.

Build your stack with as much money you want before you consider to take them out. As a recommendation don’t withdraw less than 50 SBD to transform them in CASH. The amount will not be so great and you have to work extra for few $$$.

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Withdrawal

Here is where you chose to transfer your money from Steemit. In this article I will write about 2 major trading platforms: Poloniex and Bittrex . Here we convert our STEEM / SBD in Bitcoin. Why? Because we don’t have a RON exchange yet.

!With all the problems seen recently with Poloniex trading platform, I recommend to use Bittrex until new updates.

1. Go to Blog – click on wallet – chose STEEM / SBD – click transfer.
2. Write wallet name in “to” section. Even they are standard: “poloniex” and “bittrex”, You must check them on your wallet inside the trading platform!
3. Complete with the amount
4. Write your wallet account MEMO ! It is different from an account to other and you find it next to wallet address name.
5. Submit!

Transfer from Steemit

Use info for step 4 . Every account has different MEMO! Be careful not to send STEEM into a SBD wallet or SBD into a STEEM wallet. You will lose the coins!!!

Done! Now your earnings are transferred. It takes up to 30 minutes to appear in you Polo / Bittrex wallet.

1. Exchange them for Bitcoins. You can set a selling order (at a price that you want) or sell at the actual market price. (is seen as the first price in “BUY” order.)

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CASH OUT

Now that you have Bitcoin you can transform them in RON.

Again I recommend 2 Romanian exchange markets : Bitcoin Romania and CoinFlux.

1. Create an account on one or both websites.
2. Confirm your CI by uploading in your profile. (takes up to 24h for confirmation)
3. Choose SELL Bitcoin: enter amount that you want to sell and chose your payment method.
   -Online payment in your bank account. (both)
   -Cash in Smith&Smith agencies (only Bitcoin Romania)
4. A bitcoin address will be generated where you send from Polo/Bittrex.
5. Send you bitcoin and DONE. In maximum 24 H you have your RON in your account.

*As a reminder: Bitcoin Romania uses ING Bank for instant payments and CoinFlux CEC Bank. Minim withdraw 0.05BTC

Bitcoin Romania

Thank you guys,

I hope you find my guide usefull.

Cheers!

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