HOW TO WITHDRAW STEEM/SBD INTO LOCAL CURRENCY USING EASYDEX

in easydex •  6 years ago  (edited)

EASYDEX.NET TUTORIAL CONTEST #2

20180731_215942.png


Hello friends, I will be showing us Easy steps to withdraw steem into local currency using Easydex. For the purpose of this tutorial, USD will be used as the local currency.

WHAT IS EASYDEX?

@EasyDex is a new company creating services and providing an interface for the Bitshares platform. The primary goal of this company is to provide transparent and highly needed services to the Decentralized Crypto space.

7 Easy steps to withdraw steem to USD account

STEP 1

Create an account on Easydex through this link 👉https://easydex.net
Or
Login with your bitshares details if you already have an account on Bitshares dex
20180731_220626.png


STEP 2

Do your KYC (Know Your Customer) Verification through this link
https://easydex.net/verification/

20180731_213901.png
Completing your kyc will enable you to enjoy the full benefits on Easydex


Step 3

Click on the three horizontal lines
20180731_211204.png


Click on deposit/withdrawal
20180731_211812.png


Click on Gateway

  • Select the coin you wish to deposit (Select Steem)
  • Copy the address
    (Address to send to: easydex-wallet
    Memo: the memo should be your Easydex wallet address)
    20180731_212714.png

Step 4

Login to your steemit account

  • Click on wallet
  • Click on Steem, select transfer from the drop down menu
    20180731_210742.png

Fill in the required details correctly

  • After confirming the details are correct, click on Send to complete the transaction.
    20180731_212534.png

STEP 5

Within few minutes the steem you sent should reflect in your account as Easydex.steem.

20180731_213750.png


Scroll down to Sell Easydex.Steem

  • Input the rate you wish to sell steem/usd and quantity of steem you wish to convert
  • Click on sell to initial the transaction

The current price is 1 Easydex.steem = 1.2$

STEP 6

Once you confirm your sell order is filled (processed)

  • Click on this three horizontal lines
    20180801_214326.png

  • Click on send
    20180801_214218.png

  • Send to easydex-fiat
  • Select easydex.us from the drop down menu
  • Memo should be:
    Your Name:
    Bank name:
    Account Number:
  • Then click on Send to confirm the transaction.
    Note it's not compulsory to include memo. Easydex already has your details if you completed the KYC verification.
    20180731_215340.png

STEP 7

Wait for 24 - 48 hours for your transfer to be processed to your bank account.


20180801_222239.png


You can contact Easydex on
Steemit
Discord
Twitter
Instagram
Telegram


Thanks for your reading. Kindly drop your questions in the comment box in any area you find confusing.


Special thanks to @prfm and @easydex Team for organising this contest to help educate Steemians and the general public on how convert their earning on steem blockchain to their local currency.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Excellent post brother. Like always love your screenshots. All good to read your work. Excellent work. Really impressed thank you. And always great to see you in Easydex team. One love

Thanks brother, I really appreciate

You got voted by @votefun thanks to Emekacollins. We are still in early alpha, users can use us to get free upvotes. This is mainly directed towards users of the @cryptowithincin bot. We are in a few discord servers. To get full benefits, you have to be subscribed to @cryptowithincin. To support us, you can delegate to @votefun or just give this comment a upvote. Or you can even use http://votefun.tk/ to trade your STEEM/SBD for other coins. We charge a 0.1% fee and most of that will be used to help votefun get more steempower.

This post has received a 3.13 % upvote from @drotto thanks to: @votefun.

Thanks @emekacollins for this great info. However introducing people to steemit one of the paramount question they will ask is "how do I make withdrawal to my Nigeria bank account?" its kind of complicated answering specially when the person asking the question does not have acknowledge of cryptocurrency. With this info,I believe steem can be withdrawn through your naira account..... isn't it?

@kingsleymond thanks for reading through the post. Currently @easydex is working on adding other currencies to the exchange and Naira will be among the currency to be added soon.


But meanwhile you can convert your steemit earnings into naira at a very good rate through the biggest exchange in Nigeria Airhawk-exchange Telegram Group

Oh.....this good. Thanks a billion @emekacollins

  ·  6 years ago (edited)

after converting the steem or any other crypto supported by easydex.The USD you send into your bank account gets exchanged into Naira by your local bank.
We will have steem/naira pair soon so you can directly transfer naira to your bank without paying your bank USD to Naira exchange fees.

  ·  6 years ago (edited)

Very detailed post so new steemians can learn that there are multiple tools available for them when they need it. Thanks for sharing it with us :)
Easydex is also adding Etherium/USD pairs soon so you will be cash in and out of crypto very easily.And many more to come.
If anyone have questions related to the services or stuck in any steps visit easydex discord server - https://discord.gg/bhrbPa3 to get help.

Thanks for giving me the opportunity to share this with other steemians

Nice post baba