The other day I made a post on how you could take the money you earn from Steemit and put it into your bank account, using an exchange like Bittrex to transfer STEEM to Bitcoin before the Bitcoin could then be exchanged for real dollars. However, for my fellow friends living in Australia, I have good news. Cashing out from Steemit has just been made way easier by the fact that Living Room of Satoshi recently started accepting STEEM directly, so you can skip out the whole stage of converting the STEEM to bitcoin first.
Today I am going to send $25 AUD from my Steemit account to my Bank Account using Living Room of Satoshi
I enter in my BSB and Account number, the amount of dollars I want to transfer and then it will show me the amount of STEEM that will take
It will take me to this page which will give me the details that I need to use for my Steemit Wallet
I move back to my Steemit Wallet and click Transfer next to my STEEM. If you have STEEM DOLLARS or STEEM POWER you will need to convert these to STEEM in steemit.com.
I enter in here the account, memo and amount as provided on the screen in Living Room of Satoshi.
I can see here in my history on Steemit.com that I have sent the STEEM accross.
When I return to Living Room of Satoshi after a couple of minutes I can see that they have received my payment and they request an email address to email the receipt to me. This payment will reflect in my bank account within 48 hours
So there you have it! Super Easy! No more faffing about on Bittrex converting my STEEM into Bitcoin.
If you have any Australian friends that are dubious about getting into Steemit because they are unsure how they would get paid, show them this to help them out! If you liked this post, please upvote, comment and resteem! 😍
Reach out to me in the comments and let me know what you're planning on doing with your STEEM! Are you saving it in STEEM POWER? Converting into another coin? or Cashing it out into your bank?
Hey @hannahlicious. Great information. I suggest editing your tags and replacing one with #teamaustralia.
It's a group of Aussies who will really appreciate the information.
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by kryptokayden from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
Hey @andyluy thanks so much for resteeming!!
I appreciate it!
Yeah definitely you should make a similar tutorial for Brazilians... my husband is saying that he would love for more brazilians to be on Steemit so maybe that would encourage them if you show them how easy it is :)
Ooo I am not sure about that @leoplaw.... I am in Oz so only withdrawng for aussie dollars... best to find a european steemian on here and ask them :) or if all else fails, google :)
lol thanks mate...not only that but i thought i sent it to you for a minute...lol you almost scored $400 for your time lol wouldn't that have been funny : o)
ok ...lol in all my excitement i missed the fact you're a lady please forgive me for that...i'm my defence i am 35% blind ok...lol so please disregard that last comment.. Now You're an extremely gracious and lovely lady that deserves a very large proclamation of gratitude. Thank you dearly my dear lady : o)
resteemed .. just waiting for that email window to pop up..i have shown my wife this and now she wants to join steemti because she can see that the money is real. but it is taking a little longer than a few minutes to pop that email entry window up. been 30 min now and still waiting. but thanks for helping me get the wife into it : o)
Hahaha... oh no I hope you are not still waiting now!! When you look on the status does it say PAID already? if the email box doesnt pop up but it says paid you should still be able to request a receipt by clicking 'email receipt' :) thanks so much for resteeming!! and yay glad your wife will get into it!! GIRL POWER! :)
Just looked to see what you've done in your wallet... you haven't used the MEMO from living room of satoshi, like you can see in the screenshot of my wallet history (or go onto my steemit account to see this history)
(see comment above) ohh no you didnt use the memo from living room of satoshi when you sent the money... its okay you just need to email living room of satoshi and let them know haha.. when you use the memo it only takes 2 mins :)
I can't get historical STEEMAUD data, but going off current price the fee/rate premium was quite substantial - 10% or so.
48 hours is also a fair wait, converting to BTC and selling at Local Bitcoins would be a lot quicker ... not sure how total fees would compare.
Either way, this is great news. Aussies can now buy and sell Steem directly for AUD. For such a small country, we produce a surprising number of savvy entrepreneurial minds!
Ooo is Local Bitcoins a site I can use in that i'm not aware of? I will definitely check that out then, thanks so much for the advice :)
I actually just discovered team australia and followed the instructions on @choogirl's post so I think she will put me in the next recruits post! Can't believe I never discovered it earlier :)
Yeah Local Bitcoins is great - years ago it was pretty much your only option for buying bitcoin. The best professional traders on there will do an instant cash deposit at a smart-ATM or online transfer from same bank. Not everyone does that though, so just check the details before initiating a sale. Some traders also require SMS and ID verification, but most aren't too fussed.
Hey @hannahlicious. Great information. I suggest editing your tags and replacing one with #teamaustralia.
It's a group of Aussies who will really appreciate the information.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks so much @mattclarke I have edited now :) I will check #teamaustralia out now :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Now that was hella easy! Someone in the US needs to start a company like this.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
haha yeah so easy!! theres a business idea for someone out there :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by kryptokayden from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good info how did it cost to you the fee for this transfer ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
no fee to do it... you just have to go by their exchange rate which may be a little less so i guess thats how they make their commission :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I wish we had this in the US. Lucky!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yeah its pretty easy to use :) hopefully it will encourage a few more australians to get involved with Steemit if they feel it is user friendly!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The more the merrier lol!
Great post, gives me a little hope we'll catch up soon here!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great post! I'll check it out myself!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks a lot!! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Amazing tutorial!
I'll resteem who knows if i have any australian follower it could be useful tho them!
Also I could do a similar tutorial to Change to Brazilian currency too =D
Your posts always inspire me!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hey @andyluy thanks so much for resteeming!!
I appreciate it!
Yeah definitely you should make a similar tutorial for Brazilians... my husband is saying that he would love for more brazilians to be on Steemit so maybe that would encourage them if you show them how easy it is :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'm already ghathering some friends to get into steemit.
I hope soon we may see a significant ammont of nice Brazilians here :D
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Amazing, it's soo cool that Living Room of satoshi now takes steem. Thank you very much for the tip :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
so easy!!! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Love this!.
thank you so much for the tutorial Hannah!
Resteeming!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
My pleasure :)
I'm so happy its been made so easy for us now!
Thanks a lot for resteeming!!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
A very useful post - this makes it possible to work quietly on articles, comments, voting. Without thinking and experiencing how to withdraw?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Is there any equivalent for €EUR ?
What is the best way to convert Steem or SBD into Euro, or PayPal?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ooo I am not sure about that @leoplaw.... I am in Oz so only withdrawng for aussie dollars... best to find a european steemian on here and ask them :) or if all else fails, google :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Already searching. Just thought I'd put it out there, as I thought your article might interest other said people.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
yeah wish I could be more helpful but i'd hate to google it myself and give wrong info! hope you find it easy :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Google???
Start Page or Duck Duck Go!!! =)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Great tutorial nicely explained thank you for sharing :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you @vinnu
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
do you wait for the listening for payment widow close by it's self ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
no i closed it :) i was confused by that too haha :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
lol thanks mate...not only that but i thought i sent it to you for a minute...lol you almost scored $400 for your time lol wouldn't that have been funny : o)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
now while im waiting for the little thingy to do its thing... MATE YOU ARE A BLOODY LEGEND !!!! thank you so much for that post
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ok ...lol in all my excitement i missed the fact you're a lady please forgive me for that...i'm my defence i am 35% blind ok...lol so please disregard that last comment.. Now You're an extremely gracious and lovely lady that deserves a very large proclamation of gratitude. Thank you dearly my dear lady : o)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
resteemed .. just waiting for that email window to pop up..i have shown my wife this and now she wants to join steemti because she can see that the money is real. but it is taking a little longer than a few minutes to pop that email entry window up. been 30 min now and still waiting. but thanks for helping me get the wife into it : o)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hahaha... oh no I hope you are not still waiting now!! When you look on the status does it say PAID already? if the email box doesnt pop up but it says paid you should still be able to request a receipt by clicking 'email receipt' :) thanks so much for resteeming!! and yay glad your wife will get into it!! GIRL POWER! :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
no still says listening for payment
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Just looked to see what you've done in your wallet... you haven't used the MEMO from living room of satoshi, like you can see in the screenshot of my wallet history (or go onto my steemit account to see this history)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
its gone from steam it but the LRS is still saying listening for payment
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
(see comment above) ohh no you didnt use the memo from living room of satoshi when you sent the money... its okay you just need to email living room of satoshi and let them know haha.. when you use the memo it only takes 2 mins :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
ooops that big yellow one that says dont forget to do memo...i was ment to click on that yellow button right ?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
no you dont need to click it lol see how under to address: changelly on my screenshot it has memo directly underneath haha :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very useful, this makes things so much easier as I don't have a bitcoin wallet!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good info
Keep it up
Best Regards Andrei
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you so much :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That should make things easier for a lot of people.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very lucky for the Australian fellows.
Wish we had one for us.
Greaat post and well explained through snapshots. Thankyou
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thank you :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
:) thank you :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for that info, very helpful
resteemed
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I can't get historical STEEMAUD data, but going off current price the fee/rate premium was quite substantial - 10% or so.
48 hours is also a fair wait, converting to BTC and selling at Local Bitcoins would be a lot quicker ... not sure how total fees would compare.
Either way, this is great news. Aussies can now buy and sell Steem directly for AUD. For such a small country, we produce a surprising number of savvy entrepreneurial minds!
Nice one @hannahlicious - Up'd, RS'd and following.
PS We'd love to have you in Team Aus - See @Choogirl's instructions for joining at the bottom of the latest membership update
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Ooo is Local Bitcoins a site I can use in that i'm not aware of? I will definitely check that out then, thanks so much for the advice :)
I actually just discovered team australia and followed the instructions on @choogirl's post so I think she will put me in the next recruits post! Can't believe I never discovered it earlier :)
thanks so much :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No worries :)
Yeah Local Bitcoins is great - years ago it was pretty much your only option for buying bitcoin. The best professional traders on there will do an instant cash deposit at a smart-ATM or online transfer from same bank. Not everyone does that though, so just check the details before initiating a sale. Some traders also require SMS and ID verification, but most aren't too fussed.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
okay that sounds awesome, will have a look at that tonight :) thanks again!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
No wuckaz :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
What great information,
What a shame us Kiwis can't use it.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
aww no @biglipsmama, hope the kiwis get something similar :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Epic platform for us downunder 😊
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
absolutely @ch00fy :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Upvoted.... mate..... I live in Australia and this is the most useful article I have ever come across....
You're a champ :)
Resteemed as well
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
thanks so much @yoda1917, glad I could help :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit