How to avoid huge bitcoin transaction fee in converting sbd/steem to bitcoin? Learn here and RESTEEM!🙏
"A redfish in a bowl needs your attention, feed him, love him and help him grow to a minnow"
Hello steemians,
Today I will share to you guys how to avoid huge bitcoin transaction fees in converting sbd/steem to bitcoin! Using BlockTrades to transfer and exchange sbd/steem to bitcoin is no longer effective! You can check it for yourself. 20 sbd exchange to bitcoins will give you 0.002+ btc only, and thats half of its value.
Bittrex also charge 0.001 in bitcoin withdrawals and thats $4.29 dollars, wow! thats *** huge! Using poloniex in converting sbd/steem, Nah! Forget about it! They were always in "wallet maintenance", no lights in there! So lets start how to avoid such huge yransaction fees!
Blocktrades offers alternatives
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you can read the full article about blocktrades their new alternatives here and decide for yourself. Now I have another Idea in avoiding such huge transaction fees!
This method is taking longer since we will divert our route to another alternative coins and what I choose is Dogecoin!
Yes, we will use Dogecoin to evade such huge transaction fees and also we need a dogecoin wallet too!
the reason why I prefer dogecoin than other crypto because its cheap!
Converting sbd/steem to Dogecoin using blocktrades
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We will use the same procedure to covert steem/sbd like bitcoin but this time, its dogecoin
If you haven't read "how to convert steem/sbdnto bitcoin using blocktrades to have an idea. But to take it at short and longer I will teach you one by one!
Steps in converting sbd to dogecoin(at least 30sbd minimum)
- Register blocktrades account here.
After creating and logging in your BLOCKTRADES ACCOUNT, lets start converting sbd/steem to bitcoin.
• In ~Send~ option, please change it to steem or steem dollars,
• In ~Receive~ option, change it to dogecoin as dogecoin is what we want to receive here!
Now, The suggested minimum sbd to exchange is 30sbd, 20 for steem. And you will see the equivalent amount in dogecoin as recevable.
• Next, In ~Your Receive Address~, copy/paste your dogecoin wallet receiving address here
When done, Click ~Get a New Deposit Address~
• copy the MEMO and go to your Steemit Account, >Wallet, >steem dollars and click ~Transfer~.
• So here we are! Transfer sbd/steem to blocktrades, put the amount and ~PASTE~ the MEMO in blocktrades., then SUBMIT
Reminder: Always double check your spelling, your bitcoin address and Memo you copy/paste!
Steps in Converting Dogecoin to Bitcoin using "Changer.Com
- Register Changer account here.
After creating and logging in your CHANGER ACCOUNT, lets start converting Dogecoin to bitcoin.
In ~Send~ just click ~dogecoin~
In ~Received~ click ~bitcoin~
put the amount of dogecoin you want to exchange
put your bitcoin address and email address as shown above, then click Exchange.
Send the coresponding dogecoin to that address, and your Done!
it will work like how blocktrades works in exchange! You can see also its history! Dont worry, changer is trusted as blocktrades. And I do first to know changer,com before I know steemit. So its safe!
if you have question just comment below, I am glad to help you
New steemit users should read my previous post! It will help a lot!
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how to get free upvotes, part ll
- New steemit users fail in every post because they simply post too simple post! Aside from that, comment to other post with"follow me", "Upvote me", is a kind of spam and rude enough to the author that you don't bother to read its article and all you want is his upvotes! You will fail!
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Join the Redfish Daily Challenge here!
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join the redfish and challenge yourself: resteem the original challenge post, submit your story, and comment your url post link to recieve sbd token.
Redfish Meme! . .
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All image below are clickable, come try it
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wow what a great trick to convert our sbd to bitcoin without giving huge fee through dogie coin. Is changer.com is safe to convert money? I will bookmark this post for future when i have 30 sbd to withdraw.
It is safe and legit. Go to changer.com,
I used this site long before I know that there is steemit and blocktrades!
Ok i will use when i need. Thanks for your reply..
thank you for sharing my friend @albertvhons i did notice that it was a bit pricey but never thought of that strategy,this does save us indeed some btc
This willl save almost $4 instead of paying it to transaction fee!
Thanks for sharing
Your welcome!
information thanks, albertvhons
Any time,
thank you
Great advice. I've joined steemit recently and was looking for the best way to transfer steem. I will give your suggestion a go. Resteeming your post. I've upvoted but right mow it doesn't add any value :)
good news
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by albertvhons from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.