How to Turn Steem and Steem Dollars (SBD) Into Cold Hard Cash

image creds: http://moneybadger.stocktwits.com/bitcoin-woes/

So many people have asked me this question, and I feel that making a post that will help guide through the process is the best way that I can answer.

What You Need

• A Coinbase account https://www.coinbase.com/join/595a6d5d2c74cd044adb1a98

Now What You Need to Do

1. Go to https://blocktrades.us/ and in the send field click the dropdown menu and select the currency you want to convert (Steem, SBD, ETC).
2. Then in the receive dropdown menu select Bitcoin.
3. At this point the page should look like this.

1. Then put in the send field the amount of the currency that you plan on sending to exchange (don’t worry it’s just a calculator for showing the conversion rate so don’t worry too much about this step)
2. Go to your Coinbase account dashboard/homepage and click the tab that says accounts.
3. Then under Bitcoin wallet click receive. Then triple click the field that has the set of numbers and letters, right click and select copy. Those numbers and letters are your your bitcoin address.

1. Then go back to https://blocktrades.us/ and paste your bitcoin wallet into the “Your receive address” field.
2. It will then take a second and make sure that the Bitcoin address you put in was valid. Once it’s done that a button saying “get deposit address” will show up. Click that.

1. So then go to your Steemit account’s wallet and next to where it shows the amount of Steem Dollars you have click the little arrow and select transfer. (same with Steem)
2. In the “to” field you want to put the account name blocktrades
3. In the “amount” field put however much Steem dollars you want to convert.
4. Then copy and paste the transaction memo that Blocktrades provided.

1. Click the button saying submit and wait for the transaction to go through. This can take a while (15mins to several hours) so don’t panic.
2. Then once the Bitcoin shows up in your Coinbase Bitcoin wallet go to the “Buy/Sell” section.
3. Click the button saying add payment method, and go through that process.
4. Once that’s all set up, put the bitcoin up for sale, and once it sells you should receive money in the way that you had set up.

Hopefully this helps anyone that needed the help. Just a quick warning/note so you don’t freak out; you might not get the exact amount of USD that’s shown on your wallet on Steemit (or however much you sent) from converting your Steem or Steem Dollars.

Feel free to share this with anyone you think might need this. This is the most that I can do to help. Feel free to upvote, resteeem, and comment! :)