How to transfer Steem Dollar to Indian bank - Guide for beginner
Lots of new steemit beginner don't know how to transfer their SBD to bank account . So I thought to make a blog on step by step procedure / guide to transfer it to bank account .
First You need a bitcoin wallet , if you have one you can skip these steps . But you don't have follow these steps .For Indians I recommend to use UNOCOIN or ZEBPAY wallet . Its fast, easy and secure .
CLICK HERE .
FOR UNOCOIN
FOR ZEBPAY
Follow these steps if you don't have bitcoin wallet ( Skip if you have ). I will show you how to create using UNOCOIN .
Go to Unocoin and Create an account .
You have to fill the KYC details to get your bitcoin address .
- It will take more than 2 days to approve your details but thats okay .
After completing these you'll get your bitcoin address on bitcoin tray . As you can see below !
After above steps you'll bitcoin wallet in which you will send you steem dollar after converting it . So lets see how to exchange SBD into Bitcoin .
TBH blocktrade made it too easy to exchange .
NOTE : if you don't want to use blocktrade , zebpay or unocoin , there are many other services out you can use one of them . but easiest way to do exchange is the one I'm showing you.
Follow these steps to exchange steem dollar into bitcoin .
Remember you can even exchange in litecoin , ethereum , BCC and others .
- Go To Blocktrades .
- Make sure to send in sbd and receive in bitcoin As shown below .
- Enter any amount of sbd that you want to send in your bitcoin wallet . In bitcoin address box enter the bitcoin adresss in which you want to receive the bitcoin . and click on get deposit address . you'll receive something like this . ( Image shows on the steem but if you have to exchange in sbd you have to select SBD)
- Now all you've to do is send the any amount of sbd to the blocktrade with the given text in the memo . and you will recieve the bitcoin in your wallet .
From now you have bitcoin wallet with some bitcoin ,all you have to so is sell those bitcoins and tranfer it to your bank .
Lets see how to do that :)
Now again login to unocoin wallet , where you've your bitcoin . click on sell bitcoins and enter the amount that you want to sell. Make sure to set Payment Destination to Bank account else it will store in INR wallet into UNOCOIN .
Click on Sell Bitcoin and BAZINGA .
You'll have you money into your bank within 2 days. And Enjoy the money !
Leave a comment is you don't understand any part or if I've missed some part .
Thanks for reading :)
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