While scrolling through comments on my post and other people’s post, I noticed that a big question is how do I transition steem over to my bank account. I’m on here today to show you how!!
- Download the Coinbase app, create an account, and then put in your bank information or card information.
- Click on wallet on your profile, then click the down arrow on steem, and hit sell.
- Block trades should come up, when it does on sell type in the amount you want to sell, then on receive put Bitcoin.
- After you put in bitcoin go in your Coinbase app and click on accounts, then on the top right corner click on Bitcoin address and show address, and then lastly copy the address that they give you.
- Go back to blocktrades and copy that address into the receive address, then get deposit address.
- The last step is after you receive your steem in your bitcoin wallet in the Coinbase app is to click on accounts then sell. Type in the amount you want to receive in either USD or Bitcoin. After you have done that the last thing to do is make sure it shows the correct deposit to then hit send in the top right corner.
I’m sure there is other ways to transfer steem to cash, I’m just giving y’all the way I do it. When you are transferring money in the Coinbase app it will take a couple days for the transaction to go through, they also charge a 0.99 cent fee per transaction. Other than that it is a great app to use! I hope this tutorial is helpful and if you have any questions ask me down below. Have a good day and be safe!!!