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RE: Turning Steem or SBD Into Spendable Cash in Less Than a Day, Inexpensively. Average Time, SBD to USD=3 hours
- Transfer Steem to HitBTC
- Trade for BTC
- Trade BTC for Litecoin or BCH (for faster and cheaper transfer, do not transfer BTC)
- Send BCH or Litecoin to Coinbase
- Sell for USD and withdraw to your bank account
I will get the USD within 24 hours this way.
Thanks @pinkdaddy for the steps, I did not account in time on bittrex and now I have to use HitBTC for transfer.
Yeah? My bank takes longer. I'm pretty comfortable with my method, but this is another option.
BofA has become extremely fast with all money transfers within the past few years, everything is basically next day now. Paypal, coinbase, wire transfers all come next day.. It somewhat makes up for all the fees they've taken from me.
Yes your method is great too just thought I'd share mine to get people thinking about all the ways they can achieve this goal with any crypto currency. :)
I would suggest going through whatever exchange will give you a higher return also, great time for arbitrage since you're just going to dump straight to cash.