RE: Steemit Crypto Academy Contest / S7W2 - Relive Your Top Moments of the Year 2022 (about your crypto trading experience)

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Steemit Crypto Academy Contest / S7W2 - Relive Your Top Moments of the Year 2022 (about your crypto trading experience)

in hive-108451 •  2 years ago 

Thank you.
So basically, If I wanted to sell Steem in the future, assuming I would make any, and it will worth something, I need a wallet to transfer it to (Metamask), and then exchange it to Bitcoin or Eth (at Binance)?
And then, how to I change it to my country's currency?

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You either have to send steem to an exchange like binance or wallet and I prefer binance. Then go to steem/usdt trading pair and sell it at best price. Then go to p2p section and select your country and sell it to ONLY ONLY trusted and verified sellers who have selling history.

Oh, it is not the exchange, like Binance that take care of the transaction, is it a must to find a real person?

First, you need to transfer your STEEM to any exchange like Binance. There you need to sell it in any of the available pair like STEEM/USDT. Once Steem is sold, you will get USDT. Then you need to go to P2p section and sell your USDT to a verified seller who will send you money in your currency.

What is USDT? Another token?

it is like USD but in digital currency that is backed by USD as said by USDT team. You need to convert your STEEM to USDT or BUSD on Binance to sell them to seller on P2p section in order to get money in your local currency.