How to transfer Steemit money into USD in PayPal or bank card?

in #steemit8 years ago (edited)

your are welcome to give your vote and share your comments here, just DO NOT copy or translate it, thanks.

This post are written based on the experience of my transferring steemit money into USD of my paypal account. Here to share with you.
此文章是基于我将steemit的money转账到paypal的基础上写的,分享给大家。
欢迎点赞和留言,希望不要复制和粘贴,谢谢。

To most people, we do not plan to buy goods with steemit dollars, we need USD not SBD, this post will teach you to withdraw your SBD into USD in your paypal or bank card.

Hello, friends at Steemit, this post will teach you to cash out your SBD into USD in your paypal or your bank card.

What is Steemit(SBD)?
As you know, Bitcoin is a new digital money, Steemit is something like bitcoin, both of steemit and bitcoin are new innovative payment networks and new kinds of money. At the other hand, Steemit is different with Bitcoin. When people upVote for your posts at Steemit, you will get SBD(steemit based dollars) money in your wallet.

The price of Steem
December, 2016. 1 steem = 0.21 US Dollar
1 BTC = 765.43 US Dollar

OK, now let us begin to learn how to transfer SBD(steemit based dollars) into USD with your PayPal account or bank card.

What you need have:
PayPal account/bank card which supports swift code
Poloniex.com account, where you convert your Steem/SBD into BTC(Bitcoin)
VirWoX.com account, where you sell your BTC into SSL, then sell SSL into USD, then you can withdraw your dollars into your PayPal or bank card.

*note: both Poloniex and VirWoXwill charge some fees of your transferring money there, plus, you need to exchange at least 0.010 BTC at VirWoX.

So, it looks complicated? Don't worry, it is simple, trust me ;-)

the steps of transferring your steemit money into USD in your paypal account:
1, Transfer your steemit money into Poloniex
In your Poloniex account, BALANCES———DEPOSITS & WITHDRAWALS———find sbd(steem dollars) ———deposit———copy your steem dollar memo

Then, in your steemit wallet, you can transfer both your STEEM and STEEM DOLLARS.
Your steemit wallet~steem/steem dollars~transfer~input your information-send your money to "poloniex", amount and paste the memo you copy at Poloniex.

2, Sell your steemit money into BTC(Bitcoin) at Poloniex
VirWoX~~~deposit~~~generate Bitcoin address XXX~~~copy your bitcoin address at virwox

When your Poloniex account receives your steemit money, then follow these steps:
https://poloniex.com/exchange#btc_sbd ~~~find sbd/steem ~~~sell your sbd or steem dollars into BTC~~~when you get BTC
https://poloniex.com/balances#btc ~~~find btc ~~~withdraw~~~paste your bitcoin address you copy at VirWoX~~~sell~~~confirm your sell in your email~~~Awaiting Approval

3, Sell your money in VirWoX into USD and withdraw into your Paypal account or bank card.
when you get you money transferred in your VirWoX account.
https://virwox.com/place_order.php?instr=11, sell your btc into ssl
https://virwox.com/place_order.php?instr=4, sell ssl into USD
https://virwox.com/withdraw.php, withdraw your USD into your PAYPAL account or bank card which supports swift code.

At last, Do you get your USD?

If this post helps you, give your vote and share it, thanks.

Sort:  

Hello, everyone. I am happy to know this article has helped many people who want to cash their Steemit money to PayPal. If this article is helpful to you, welcome to register your VirWox via my referral, Thanks

我给你这篇文章的评价是百年一遇的雄文,有点夸张:) 让我感觉
回到了7月份的时候,大家刚来那会的激情,所有写的都是技术相关文章,因为steemit的价格一路下跌,老牛们只剩下几条在这里混了, 能再写和steemit技术相关的文章人真没几个,燃烧的激情, 不错,赞

谢谢你的评价!文章会保持更新的 ;)

这么一篇好文,竟然没被顶起来, steemit 真是没救了

Where can I find info on STEEM VISA debit?!?! : D

i read it but then i got can you give in summery how to from SBD to PayPal ? if you have the chance otherwise is ok

Very useful information. Thank you. Upvoted, resteemed & followed :)

Very useful information. Thank you. Upvoted, resteemed & followed

awesome post about SBD !!!

Thanks for the info ! But i think im more confused then ever , now thers a third step VirWox ! I thought it was difficult before , so i have never done it ! Lol ! I only use a tablet and i live in Canada , is it all the same way !? Can i do this on my tablet ? And is it ever going to be any easier to do !? Thanks a bunch but i know very little about computers and these other networks like polonix , is it hard to open an account there !? Thanks ! Steeming on ! ♨👍♨

do as the article tells you, it works as I have transferred my money into my paypal

nice work, thank you for share

this what i've been looking for, but when i go to poloniex it seem like SBD and Steem are temporary disable... Why?

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