Hello steemit friends,
This days I was surprised to see steem priced so low that I had a small amount of money on paypal and I wondered how to convert dollars into steem...
After some research, I wrote this complete illustrated guide, I hope might be helpful for you!
STEP ONE
If you have a VIRWOX account you can skip this step; otherwise OPEN a VIRWOX account here:
https://www.virwox.com/register.php
The red arrow denotes mandatory fields.
Check you e-mail for confirmation link.
STEP TWO
Deposit money from PayPal to Virwox
- Login to your Virwox account and click on the "Deposit" link.
- Go to "PayPal Express Checkout" and complete the fields, then press "check out with paypal".
STEP THREE
YOU have to exchange deposited money to Virwox Currency (i.e. Dollar/SLL or Euro/SLL)
Exchange deposited USD to SLL;
Place a market Order
It's a market order so it has been placed and filled completely. An exchange commission will be charged. Now you have SLL in your account balance.
STEP FOUR
Now you have to exchange SLL in your account balance to Bitcoin
Go to BTC/SLL:
Exchange deposited SLL to BTC:
Fill up the fields and then click on "Next" button and then Place Order.
It's a market order so it has been placed and filled completely. An exchange commission will be charged. Now you have BTC in your account balance.
STEP FIVE
Go to your steemit and click "BUY STEEM"
Now you are on BLOCKTRADES exchange (blocktrades.us) steemit user @blocktrades:
"Your receive address" is pre-compiled and confirmed ("address is valid"), now you have to put the amount of BTC you want to convert to steem (your BTC in the Virwox account balance) and click on "GET DEPOSIT ADDRESS"
Now we have the address to send our converted BTC to STEEM into our steemit wallet.
LAST STEP
Send Bitcoin converted in STEEM to your STEEMIT Wallet via BLOCKTRADES.US
Come back to Virwox and click "withdrawal":
Then fill up the fields, put your deposit address in "bitcoin address" and then click on "request withdrawal" button. A fee of 0.005 BTC will be charged.
That's all, after 2 or 3 working day, your steem will be in your steemit wallet.
I hope you found this guide helpful and If you believe it to be appropriate, I'd be grateful if you resteemed this post... it might be useful for other friends of steemit.