Hello Steemians from India!
It has been 3 months since I have joined Steemit and got to know about the potential of this platform.
Today I converted my Steem dollars into INR and got more than INR 2000 in my account for a mere 6 SBD.
Today I am going to tell you how to convert SBD to INR and send it to your bank account.
Step 1. Create a free blocktrades.us account and a Zebpay account and add your bank account details. Usually it takes 3 to 4 days to confirm your Zebpay account after uploading KYC details.
Step 2. On @blocktrades, create a sell order to convert SBD to BTC by providing input currency as SBD and output currency as BTC and your BTC address.
Step 3. Blocktrades will generate a Steem address where you need to send your Steem Dollars(usually @blocktrades) and a unique memo.
Step 4. Open your Steemit account and go to exchange, send the amount you wish to convert to INR to the account given by blocktrades along with the memo key. It will take around 10- 15 minutes to confirm the transaction of you provide right address.
Step 5. Open your zebpay account, you will see your BTC amount received at your address.
Step 6. Create a sell order on Zebpay for the amount you wish to convert to INR. You will get the INR amount in your bank once the transaction is confirmed. It usually takes 1-3 days to transfer the money to your bank account.
Whoa! You have successfully converted your SBD to INR.
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