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RE: SBD to LocalBitcoins to Money in the Bank - a step by step guide
great info ! I had a very hard time finding a short video or step by step explanation to exchange steem for Bitcoin on bittrex , then send the Bitcoin to Quadrigacx to sell for money which is then deposited directly for a fee ! into my bank account , its 5% fee for Rapid 24 hr service and 2% fee for up to 4 days service ! Now the second part is easy at Quadrigacx , but its the first part that's difficult at Bittrex ! I googled it and 2 videos from Craig grant no longer work and the other info out there is not just a simple step by step explanation ! LOL! So my son helps me now sometimes haha !😂👍 if you have a great tutorial on this or a link to one please let us know ! Thanks !
@karenmckersie - If quadrigacx has a bitcoin wallet then this method can work without sending funds to Bittrex or playing the market. Blocktrades has a built in conversion. Granted, you might not get top market price for your STEEM/SBD but I consider that a convenience fee that I can live with.
In this tutorial, just replace the stuff for LocalBitcoins with Quadrigacx and it should work just fine. :) In fact, it sounds like LBC and Qcx are very similar type services.
Quadrigacx only converts bitcoins and maybe ether but that part I know how to do , I was using poloniex but its not working now for a long time , and in Canada we only have minimum options I tried . So its just a quick tutorial on turning my steem into Bitcoin on bittrex that I cant find . Thanks a bunch ! 👍👍👍 resteemed your post its great !
Ah, Karen, I think you missed a very important point. BlockTrades automatically converts your STEEM and SBD into BTC. Think of it as the meat grinder that turns steak into minced meat. You do not have to put your tokens through the crypto exchange at all!
oh well then that sounds great , as long it works in Canada and I can then move them to quadrigacx ! Im getting tired now of having to open up new accounts as well because some were not available in Canada , thanks for the info its much appreciated!👍👍👍
Yes! If you follow the tutorial from the beginning, anywhere that I reference LocalBitcoins you can replace with QuadrigaCX (though I believe LocalBitcoins also serves Canada - but honestly, just stick with the one you already have an account with.) Good luck! Let me know how it goes.
OK sounds good ! Thanks !👍👍👍