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RE: Steem To Dollars - How Is It Done?
It all boils down to not having a Bittrex account, and likely not being able to even get one! I do have a mobile wallet, but then that would still have to go through an exchange, right? I'm beginning to wonder now about all this. I feel like I don't really have any real money after all these months. :-(
nah, it's really easy... open an account on Kraken. Once you have it you will find a Bitcoin Deposit adress (or a litecoin deposit adress). Use this adress when selling your steem or SBD through blocktrades... and your bitcoins or litecoins will be in your Kraken wallet. From then on you can choose to sell all (or part) of your coins through Kraken for € or dollars and transfer those funds to your usual bank account...
Now you are talking! I need to make a note of this! I have a Jaxx wallet with BTC, ETH and LTC. Does that work the same way? I'm a bit clueless about what its use is. LOL! I don't know if I can get USD from it like you say with Kraken.
Think so. On https://jaxx.io/ they even mention Kraken... so I suppose you can send or receive between jaxx & kraken...
So much to learn!I'm way ahead of the game now though, and feeling a bit ore comfortable than i did when I first asked for help!
Hitting a brick wall. My conclusion is that only those who were into the crypto thing early enough can ever get their money out of here! I was accepted at Tier 1 and Tier 2 on Kraken, but because I live in the USA and want dollars out, I have to go to Tier 3 (which is normally only for big time accounts). In the meantime they have my "Monopoly money" on their exchange and I have watched it drop in half since it left Steemit and they can't or won't verify a picture of me holding a picture of my driver's license with the date and even a note saying the photo is for Kraken! Pretty sad state of affairs. :-(
So sorry to hear that Diane. I wouldn't care too much about the price of steem right now (except if you need that money urgently). I'm sure it will go up again. After all, it's like a normal stock market, it goes up, down, back up...
At least you learned to transfer your crytocurrencies...
And there must be an exchange that has no problem with USA residents... after all, this is mostly an american story (steemit) isn't it?
Maybe another solution I was thinking of... do you have a friend, someone you trust, here on steemit? Someone also living in the USA and that already "cashed out"? If you have, you could ask him to cash out for you... you transfer steem or SBD or crypto's to him/her and he/she transfer the money to you...
just my 2 cents...
Hah! I could ask my son, although he has moved overseas. He trades and cashes currency all the time. I didn't think of that! Really, it was just an experiment with 100SBD. My husband wanted to see if I could really get cash out, so thought I would take out enough to pay the $400 for my newest Wacom tablet - just to show him. LOL! The SBD was supposedly worth $400 when I moved it. In ETH sitting on that exchange, It's worth around $289 today. ETH seems to be climbing although in a small dip, so there's no rush. It's just that it feels like they are not going to verify me. LOL!
But why did you send a picture of you wearing a gun, it's obvious that they will not verify that ;-)
Happy you found a solution. And yes, all crypto's are in a dip right now... but I think they will climb back up somewhere in the second half of february... That's a guess, don't shoot me if it isn't :-)
Too funny! 😂 I suppose the 3rd tier is verified manually wheras the first 2 are done by computer , so that would explain the delay. At least once it’s done, it’s done and next time will be a breeze.