How to Withdraw My Steemit Earnings(2018)

in #steemithelp7 years ago

There were many ways to withdraw your steemit earnings directly to your bitcoin wallet then convert to fiat. Today, I will show you what is the best way to Withdraw your Steemit earnings and why you should not do other way!

steempic.PNG
source

Poloniex is not Advisable!

IMO, I despise poloniex as it was known that Steem/SBD is not stable there. Today polo is good but nobody can tell if it still good later or tommorow. Steem/SBD deposit and withdraw will always work or they will disable again! There were many cases that polo offer deposit but no confirmation happened leading steem/SBD to limbo.

polo.PNG

Although polo offer lowest bitcoin withdrawal fee to 0.0005 btc, still I am not at ease knowing the current state of bitcoin that when you send bitcoin and pay lower than 0.001 btc, it might result to bitcoin stuck up as I witness bitcoin clog due to lower transaction fee being send and making your bitcoin leaving to blockchain to 2-3 days more stay waiting to be pick up with miners. (not really recommended) comment your recent polo experience with Steem/SBD

Blocktrades is not recommended!

today, SBD is currently 0.00066 btc each, so 10SBD will be 0.0066btc, look how much blocktrades offer?
blocktrades.PNG

  • blocktrades will deduct you with 0.002+ for transaction fee.
  • the other problem I see with blocktrades is that they give 0.0005 for bitcoin transaction fee sending your bitcoin to your wallet. This will result your bitcoin staying long in blockchain waiting for miners to pick up!

1block.PNG

  • that picture above is an experience with blocktrades with 0.0005 transaction fee staying in blockchain for almost 2-3 days! you don't want to experience this aren't you

Hitbtc is not stable for Steem/SBD

shitbtc.PNG

  • You can't deposit and withdraw to Hitbtc exchanger. It faced a problem similar to what happen to poloniex also! Wallet Disable

BITTREX (Most Recommended but be Cautious!)

Out of all exchanger for Steem/SBD, Bittrex is the most reliable but with caution!

Capture.PNG

(Teach me like 5 yrs old)How to Start Opening Bittrex Account!

I said used bittrex with caution, Yes because when you use bittrex and your account is not enhanced, you can't withdraw your btc there, so you must aware of this scenario.

  • Open https://bittrex.com/
    log in to your account, then allow your access by opening your email then confirm.

Capture111.PNG

  • I am expecting you already have bittrex account, but if you don't have, please register one.
  • If your bittrex account is not yet verified, please verifiy it first before sending your Steem/SBD.

bit.PNG

  • for sending SBD, search SBD
    click the (+) means deposit, COPY the memo,
  • Go back to your steemit Account,
  • CLICK WALLET, then click SBD and choose TRANSFER

bittt.PNG

  • fill up the form, then paste the MEMO you copy from BITTREX (always check your spelling, and check again, and again for sure)

sys.PNG

  • once your SBD arrive in BITTREX, CLICK the SBD symbol as shown above. This will lead you to BTC SBD conversion.

sale.PNG

  • you are going to sell your SBD here!
    first, click MAX
    then, click PRICE and CHOOSE BID
    THEN click SELL, and CONFIRM!

withdraw your btc!

were.PNG

  • CLICK WALLET in bittrex,
  • CLICK the (-) symbol in BTC,
  • Insert your BTC address and withdraw, CONFIRM THIS WITHDRAWAL to your EMAIL account!

i hope this will help you!
especially the new steemians here!

IF YOU HAVE ANY QUESTION, COMMENTS BELOW!

Sort:  

sir @albertvhons is truly generous and kind inside and out :)

This is phenomenal. For me it is time to invest, however I'm going to save this page in my bookmarks for future reference!
What if I don't want to sell sbd but steem? What if I want to cash out the value of my account?

Nag maintenance man ang site

if you want to cash out steem, it is same procedure as with SBD,

What if I want to cash out the value of my account?

you can't cash out the value of your account, it is the over all total of your holdings with steem, steem power and SBD.

and yes, it is not time for withdrawing steemit earnings, I just made this so that I will point to this post when somebody ask me how to cash out steemit earnings.

Thanks for nice information! Good luck friend

Qurator
Your Quality Content Curator
This post has been upvoted and given the stamp of authenticity by @qurator. To join the quality content creators and receive daily upvotes click here for more info.

Qurator's exclusive support bot is now live. For more info click HERE or send some SBD and your link to @qustodian to get even more support.

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by albertvhons from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews/crimsonclad, and netuoso. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP. Be sure to leave at least 50SP undelegated on your account.

This post has received a 0.15 % upvote from @drotto thanks to: @banjo.