Steemit Lesson 3 : How Do We Transfer Our Tokens from Our Wallet? A Guide to Account Transfers.

in transfers •  7 years ago 

Welcome to Steemit Lesson 3!

As my goal to educate the users about the important topics I learned in Steemit what do they need to know, I welcome you guys for my Steemit Lesson 3. In case you missed the previous lessons, feel free to smash the links below.


Design credits : @rayhan97

Account Transfers are considered one of the critical matters in Steemit. Along with your passwords and posting strategies, performing transfers in Steemit is as easy as one, two, three but as irreversible as three, two, one. I mean when you perform account transfers, you can never undo the said request. That simply means, if you put incorrectly receiver details even just a single character, bye bye penny. It will not be sent to the receiver and you can never get it back. So you need to be careful on this.

I made a previous post about Beware of these Scam Steemit Exchanger Accounts : A little Mistake might Vanish your Hard-Earned Steems/SBD's, it might help you understand how critical it is to perform account transfers.

How Do We Transfer Our Tokens from Our Wallet?

I made a GIF for a sample account transfer process. Feel free to take a look.

Currently, our wallet offers the transfer of Steemit Tradeabe Tokens Steem and Steem Dollars which are withdrawable tokens with real monetary value.

The possible reasons for transferring tokens from our accounts are the following :

  • Withdrawal of Earnings to Exchanger sites : bittrex blocktrades or poloniex.

  • Sending of our Steem/SBD tokens to a certain account.

  • Contest Prizes / Donations / Community Works.

  • Sending messages via memo on transfers.

  • First, Go to your Steemit wallet.

Accessing your wallet gives you a view on the your account earnings/assets. Then select if you'll transfer STEEM or SBD. The process is actually simple, this is just to show the newbies the guide how to perform account transfers. Simply click on the Steem/SBD amount and you will then be redirected to the transfer box where you need to fill-in the details.

  • Fill-in the transfer information.

Make sure to fill-in the details in the box and always double check on the details. A little mistake you make when you hit that submit button might make your earnings vanish. These are the things you need to fill-in :

  • To : the receiver of the transfer. Steemit accounts, exchanges, etc.

  • Amount : The amount of SBDs/Steems you wanted to send. the lowest minimum amount is 0.001 SBD/STEEM.

  • Memo : This can be a message/note, etc. but when you perform transfers on exchangers, you need to get your
    SBD/STEEM wallet address or memos generated from exchangers.

  • Your active key to validate the transaction. Never use your owner key :).

In accessing your exchanger wallet address, you need to login on the site and look for the deposit address.

We're Done! :)

I hope I was able to help you with this blog. Yes, this maybe simple but newbies need this. This post is also reminding you to make sure every transaction you make.

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Thank you for this.

  ·  7 years ago (edited)

What a nice information. You have elaborated the solution of all the problems that steemit community faced.good post. Thanks for sharing.

Thanks! I am happy this blog helped you. Appreciate it.

Will definitely resteem this since I have a lot of friends who are just starting up on Steemit. Will really take advantage of this post soon, not now since i'm still just a newbie. Hahaha. You have a new follower here, @jassennessaj! Lots of love from Gensan.

Thanks! Such an honor to be followed by you. Steem on!

Nah! The pleasure is mine sir.

naa nka tutorial on how to sell sbd sir @jassennessaj? mg.wait mi sa emu tutorial about it sir aron dili nami magsalig sa amo kauban if mg.need mi mg.sell sa amo sbd kay dghan na bya mi dre tga.lapu2x pero usa ra tig.baligya namo. thanks in advance sir.

Surely, I'll put note into this. Thank you for giving me a feedback :)

Oh man... Everytime I click steemit icon in my phone screen, my 1st objective is to visit your feed prior to mine just to see what other lessons you have prepared for your followers. Lucky enough to see another helpful tips that you contineously sharing, that is indeed essential for newbies who are still grasping infos on steemit. Thanks jas. And have a wonderful weekend ahead.

Comments like this made me more inspired to do more for the community. Thank you so much te @chameh for your wonderful words. Thanksss!

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good post my steemit friend wish you good luk

Steem 😘

Hi @jassennessaj thank you for this... can we directly do transfer to coins.ph ?!? Haven't tried that... maybe you can also make post for withdrawal thru coins.ph ☺️ Great post and very helpful!! ☺️☺️ Resteemed!

Hi po @pingcess. Hmm there seems to be an amazing solution for your question. We will use blocktrades. I hope to make that on my next blog :)

Hi @jassennessaj. Thx for the information. Can I translate it to Russian​?

Absolutely no worries :)

Thank you for your best tutorial mr. Jassen i learn a lot aja! Pinas :)

Thank you for this helpful info. God bless you @jassennessaj. Now, all my questions are answered.