For Australians: How to change your SBD into AUD

in #steemit7 years ago

steemdollars.png

here is a tutorial for my fellow aussies!

Want to know how to easily change your
Steem Blockchain Dollars to Australian dollars?
Are you new to the steemit platform and would like to
know how to turn your content into spending money?

If the answer is yes then read on!

This tutorial requires you to have an account with
Independent reserve
Also feel free to use my refferal link and share the love (I get some kickbacks):
My Independent reserve referral link
IR.png

Independent Reserve is a Sydney-based Australian cryptocurrency exchange, founded in 2013.
Their trade commission stands at 0.1% to 0.5% depending on your 30 day trade volume.
Bitcoin and Ether deposits are free and an important fact, AUD withdrawals are free to Australian bank accounts!

~Step one~

Make an Independent Reserve account.

~Step two~

Open your steemit wallet: https://steemit.com/@ YOUR NAME/transfers
wallet tute.png

~Step three~

Click The small arrow next to your STEEM DOLLARS total and select sell.
You will be redirected to a website called Blocktrades
steem wallet tute.png

~Step four~

Enter the exact amount you want to exchange in Blocktrades
and select ETH for the receive amount
Example:
wallt tute6.png

~Step five~

go to the accounts tab in Independent Reserve and click deposit next to ETH
Example:
wallt tute 4.png

A window will open with your ETH deposit address
Example:
wallt tute 5.png

copy this key very carefully and paste it into the receive address area in Blocktrades.
wallt tute7.png

now click "Get Deposit Address" underneath where you pasted your ETH deposit key.
Enter your account name as it appears on steemit.com
Example:
unknown (6).png

Next you are automatically taken to the steemconnect window, accept the transfer.
It will take a while for the confirmations on the transaction to go through and for the ETH
to appear in your Independent Reserve account.
Expect 10 mins to 30 mins wait.
You can refresh your ETH wallet on the Independent reserve page labeled Deposit Wallets.

~Step six~

Lets get some real cash, that meat pie money!
Now you have your ETH in your Independent Reserve account you can go to the tab labeled "Trade"
click the top left hand arrow and select ETH if not already selected. (1.)
Now click the button labeled Max. (2.)
Click the button labeled preview sell order. (3.)
wallt tute8.png

Finally review your market order in the next window that opens.
If you are satisfied with your order click "place sell order"
Example:
wallt tute9.png

Congratulations! You should now have AUD in your Independent Reserve account!
You can click withdraw next to your total and select
your pre-defined Australian Bank account
Example:
wallt tute11.png

Your money will be in your Australian Bank account within one business day!

I personally use this method and It works well.

I really hope you found this tutorial useful!

Thank you for your time and appreciation!

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@steggles I absolutely love when people add tutorials to Steemit and dtube. Pretty soon we wont need to go to dumb Youtube.
I see your doing good with minnowsupport promotion, try using this too,
Use my referral link to this boosting community, which will help you get noticed faster.
https://steemfollower.com/?r=13941
Its a free community to help boost upvotes daily on your most recent post,
Enjoy! Come visit my page for more help posts.

Thanks heaps! I will be sure to check it out!

Very welcome, let me know if you need help.

awesome post dude thanks, now i can get the parts i need for DLive!!! ;)

Thanks for your comment! I really appreciate it! :D

This is insanely helpful. So glad I stumbled across it.

hey! I'm really glad I could help!

You got a 2.33% upvote from @buildawhale courtesy of @stegglez!
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This post has received a 4.58 % upvote from @boomerang.

I currently use Btcmarkets.net for my Fiat withdraws. Would this be similar to independent reserve?

yeah it's pretty much the same, it just has free withdraws and stuff and I had trouble getting an account at a few other Australian exchanges as they frequently were closing registrations. Thanks for your comment!

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