How to convert your Steem to Cash in Canada ... Buy Silver or Gold with Bitcoin at Silvergoldbull.ca

in canada •  7 years ago 

It is not easy to convert your Steem to cash in Canada.

If you really need the cash to buy some food and whatnot this is one way to do it....

  1. Send your Steem to Binance
  2. Convert to Bitcoin.
  3. Buy Silver or Gold Maple Leafs on SilverGoldBull.ca
  4. Sell your Silver and Gold for cash.

Done.

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I have a wallet with coinsquare.io, I just use blocktrades to turn Steem into LTC, transfer the LTC to my coinsquare wallet, then convert to CDN, then withdraw right to my bank acct. All together it usually only costs me about $15-20 in fees, maybe even less

That’s sounds like a good way too.

Great ideal. Now I just need a Binance account.

Do you have no means to trade BTC for CDN? In Australia, there are multiple exchanges for trading BTC to AUD, including ATMs. The Open Ledger DEX has the best prices for STEEM to BTC - and several other STEEM to crypto choices of trades, but then, I guess, you have to get back to CDN...Love the idea of buying the silver lego set....

It seems expensive here to exchange Bitcoin to cash so I will probably just buy silver

Trading on the Silk Road was ever thus :)

Yeah... a few pieces of silver just in case .

I never bothered to look into how you convert Steem to Canadian dollars until now. Thanks! Doubt I’ll be using my Steem for fiat anytime soon, as I have every intention of powering up for quite some time, yet, but it’s good to know!

Me too... but with price of silver falling I might pick up a few Maple Leafs to Diversify.... you know buy Low sell high.... especially if Silver gets down to around $5 or lower

I’m wondering if Trump will manage to poach our auto industry here in Canada. If that’s the case, our Canadian Dollar will turn into Monopoly money really fast.

Yeah ... Canadian Dollar headed much lower.

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Agreed! Might be time to buy up
Some US dollars!