@apolymask I've finally caught up! Right on time as well and now I'm sure as soon as I am done posting this round 8 will pop up!
I had a judge comment that he wasnt a fan of all the small stories in my post. It is hard to please everyone and I am trying my best but of course you can't always win everyone over so this post ill get right to the point and be as short and sweet as I can while still trying to incorporate everything!
Feel free to check out all the other post here #informationfinding & if you haven't seen my last post about my thoughts on aliens: Quest 6
THE JOURNEY ON A BIT OF A STANDSTILL
SEVENTH QUEST; GUIDING OTHERS
Todays topic will be about Steem & Steem Dollars & how to transfer from those to Fiat money. Which isn't my goal but we have to understand some people need to get some money out to support themselves and diversify. So today my goal will be educating people on these topics to hopefully make their STEEMIT experience easier in that area.
SBD
- Debt token which main use is for commerce
- Day to day transactions
- Meant to have low volatility ( Pegged around 1$) working on it..
- Quick and easy movement of the token.
&
STEEM
- Investment token which benefits stakeholders in the Steem blockchain
- Meant to be volatile and essentially moves with the trend of BTC
- Powering up on the Steemit platform
- Gain power and influence to upvote comments or give delegation to other members.
If I spoke to quick I have also written down the steps to make it easy for visual learners!
- Click on profile Image and select Wallet.
- You can click either on STEEM or SBD and click SELL.
- *You will type the amount you are wanting to exchange for BTC.
- Once that is done you will add you Coinbase receive wallet.
- Click on manual transfer and get the MEMO. It'll look something like this (f17f47e-437d-4e3f-9308-0c4f90fbf8e5)
- Go back to your Steemit wallet and click TRANSFER under SBD/STEEM (whichever used in previous step)
- Your recipient will be BLOCKTRADES and you will add the MEMO.
- Once the transaction is processed the SBD or Steem will be converted to BTC and be in your Coinable wallet.
