EASY TUTORIAL FOR NEWBIES: HOW DO YOU TRANSFER YOUR STEEM TOKENS TO GHANA CEDIS (SIKA) INTO YOUR MOBILE MONEY

Hello Everyone!

Here is another edition of my Easy Tutorial. In this post, I will discuss converting your Steem to fiat and depositing it into a bank account or mobile money.
This has been the most popular question in Ghanaian communities, especially after you sign up someone, the first question they ask is, how do I withdraw the Steem token, so I have simplified the entire process with images in this tutorials.

First and foremost, ensure that you have converted your SBD redeemed to Steem, or if you have a Steem power, you must power it down, which takes about 4 weeks and gives you 25% each week. Once you have the Steem tokens, you can proceed to convert them into FIAT (USD, GHS).

Second, click on the Steem wallet button, then select transfer from the pop-up menu, as shown in the image below:

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You have been given some space to fill in the image; here you must enter your crypto exchange wallet address and the memo provided in the wallet.

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So, to accomplish this, go to Binance or any other exchange you use and follow the steps below to obtain the information needed to complete the above image. I'm using Binance Exchange in these tutorials:

• Launch Binance and select Wallet from the home menu

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• In the wallet, navigate to the spot wallet and select deposit.

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• Next, in the cryptocurrency list, look for the Steem token.

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• You will be given your wallet's deposit address and memo, which you should copy and paste into your Steemit wallet.

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• After entering your Exchange wallet information, click Send in your Steemit wallet and wait for an email to confirm your deposit.

• In the spot wallet, select the Steem token and use it to purchase either ETH or BTC.

• After the exchange has been confirmed, navigate to the spot wallet and select transfer.

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• Choose from spot to P2P in the next menu , also choose the currency in which you switched the Steem to

• Enter the amount of the deposit you want to transfer to P2P

• Again in the wallet click on P2P then in the P2P wallet click on sell

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• Choose the cryptocurrency you're holding; a list of buyers will appear, and it will be indicated whether they accept mobile money or not. In this case, I went with Anasmotek.

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• Before you select make sure you have confirmed your mobile money payment details when setting up the account.

• Enter the quantity of tokens you want to sell then click on sell

• When the buyer accepts the order, he will send you the money first while Binance holds the coins, and once you confirm that you have received the money, Binance will also release the token to the buyer.

Before performing any of these actions with Binance, the user must first create and verify an account with Binance.

If you want me to do a tutorial on how to create a Binance account, please leave a comment below.

In conclusion I wish you the best of luck in your Steemit journey and I will like to thanks my country leader’s @njaywan, @oppongk for their massive support.

#easy explanation for newbie

#assisting newbie in their Steemit journey