RE: The Missing FAQ - A Beginners Guide To Using Steemit

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The Missing FAQ - A Beginners Guide To Using Steemit

in steemit •  8 years ago  (edited)

Hi, sorry, I didn't read the whole post but I will. Just two questions: how can one exchange steem (or steem dollars - I don't know what we should and can actually exchange yet) into real dollars? And I noticed that even while nobody is voting on my posts the sum in dollars rises all by itself - that happens on my powered up posts. And, also, when I posted my first powered up post, I also noticed that the amount of votes and the sum in $ on my previous (not powered up) posts proportionally rises too (I suddenly got around +50 votes on each on those posts), so I don't understand how that happens.

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8 years ago by

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      ·  8 years ago 

    You need to convert to Bitcoin using an exchange like Blocktrades or Poloniex. Then you can sell the bitcoins on a service like Localbitcoins or some exchanges will let you convert Bitcoins into US dollars. Just Google Bitcoin to dollar conversion as there may be different services available depending on your local laws.

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        ·  8 years ago (edited)

      Thank you. I understand how to exchange Bitcoins but I didn't know how to convert Steem into Bitcoin :/

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        ·  8 years ago (edited)

      .

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          ·  8 years ago 

        Thank you much.

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            ·  8 years ago 

          OK the easiest way is using Blocktrades - I made a post here that takes you through the process:

          https://steemit.com/steemit/@thecryptofiend/how-to-use-the-new-blocktrades-interface-to-exchange-steem-for-bitcoins

          Feel free to DM me in the chat if you have any more questions.

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              ·  8 years ago 

            OK, great, thank you much!!!

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              ·  8 years ago 

            PS Do you know the answer to my other question...? I've just posted about it on my profile too... Thank you!

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