Whats the best method for cashing out some SBD in Australia. 100% upvote for best answer

in competition •  7 years ago 

Hello @teamaustalia I was wondering what the most efficient way is to turn SBD into Aussie Dollars.
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This will be me my first time ever withdrawing a little SBD and I am unfamiliar with the best way to go from SBD to money in my Commonwealth Bank account. I want to get the best deal that I can obviously by avoiding high conversion fees. Sucks that I need to cash out a little with the recent unrelenting price drops. Hopefully the price comes back up a bit before rent is due (Friday)
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I will be giving 100% upvotes to the best answer

competition teamaustralia sbd steem money
7 years ago by

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      ·  7 years ago 

    First send your SBD to bittrex.
    Then SBD->LTC
    Then LTC->AUD in market.
    And then send AUD from market to your bank account as AUD. The easiest way.

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    2 votes
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      ·  7 years ago (edited)

    The best I've seen is a 2-step process using livingroomofsatoshi.com and blocktrades.us

    • Setup the payment using livingroom, and choose the crypto you want to use (livingroom isn't accepting steem for the moment, or it would be a 1-stepper).
    • Once you've got that done, you will need to transfer whatever the crypto is (I've been using Litecoin) to the wallet specified. Leave that window open, and open a new one to blocktrades.us
    • on blocktrades specify the Steem Dolloars to convert, and choose the crypto you're converting to (Litecon etc..), and the amount.
    • Enter the receive address, being the one on livingroom, and follow the transfer instructions..

    Once completed, the livingroom tab will show successful transfer (it may take a few minutes of nervous waiting), and the money should get into you account within a day or two.

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    1 vote
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      ·  7 years ago 

    SBD from Steemit to Bittrex
    SBD to ETH at Bittrex
    ETH from Bittrex to BTC Markets
    Withdraw ETH to AUD at BTC Markets

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      ·  7 years ago 

    I don't have a good answer, but I'm glad you asked, so I don't have to!

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