RE: Today's News--a pleasant surprise during a dreary 55 hour work week
If you've never sent a transfer from one crypto wallet to another, do 10% of what you really want to buy as a test run. I lost $100+ on a botched transaction because I used the wrong wallet address. So, that being said....
GO to your steem wallet and click that "BUY STEEM OR STEEM POWER"button.
That'll take you to blocktrades site. Select the currency you want to exchange for STEEM in the drop down and then click the "Get deposit address" button. Be sure to enter the amount you're transferring thru blocktrades in the amount field right below the "bitcoin" dropdown before you do the transfer.
You'll use that as the "send to" address when you send the bitcoin from your Coinable account. I usually use coinbase and they're all a little different but basically you tell it the address to send it to and how much and then send. Remember, if this is your first time DO 10% or something small FIRST as a trial. I always double check the address on both sides before executing the transfer. It's easy to mess things up when you're new as I've said. Then once you've succeeded, do the rest of what you want to trade for STEEM.
blocktrades will automatically convert it to STEEM and send it to your steem wallet. You can either leave it or use it to power up.
Hope this helps! If you have any more questions feel free to ask on this thread.
Thanks very much I will try this tomorrow. I appreciate your help. I will only be transferring $100.00 at first until I get the hang of it.
If it's your first time I'd try something like 20 bucks worth just to make sure you understand the process. But I don't know how much you're working with so the amount you do as a test run is up to you. Just remember, In crypto transfers, it's very hard to recover the money if you botch a transfer. I know bc I've gotten burned once. Never again.
Best of luck to you!
Thanks again. I'll try $20 and then the rest once it works and I understand it.
Hi again cryptokeepr I guess part of my problem is that Coinable does not support Selling of cryptos in Canada, only purchases. My mistake number 1. I will open an account with a Canadian company.
To be clear though, do you mean that I would drag the generated address produced in BlockTrades to the send address in my Bitcoin wallet in Coinbase? That is if I were able.
Aw that's too bad...you may be able to find a way around that although the solution isn't something that I could provide at the moment given my level of experience. There may be others on steemit who might have found a way around this but I can't say for sure.
And to answer your question...Yes I copy the address generated in blocktrades and paste it into the "send to address" field in the account you're sending the bitcoin from.
Best of luck to you!
Thanks again friend. I am following you.