Description
The price of Steem versus the USD or fiat is on a slight dip today.
Always the best time to buy steem is everyday
Screenshot taken from coinmarketcap.com for reference purposes only.
For an active steemian who earns a lot of SBD knows this one that we need to balance out our holdings from the two Crypto-Currencies to ensure stability and profitability on our part.
Today I am eager to share how we can be able to buy Steem using our hard earned SteemBackedDollars (SBD)
We will use Steem Connect and we will use it when we go to our own wallets.
This is also considered a really simple trade.
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If we are planning to sell the steem we bouht the next day or a few days from now, please consider going first to coinmarketcap.com to check if the price of steem is already up from the previous amount we bought it
In this case we bought it at around $3.64
therefore if we are going to sell it or cash it out, we need to make sure the rpice of steem is around $4.00 and that is already around 10-20% revenue from this particular trade batch alone.
Here are the procedures or a complete step-by-step guide.
Go to your wallet
Why click SELL? Because we are going to sell our SBD, our available money from the earnings that we had from our blogs to buy Steem
You will then be redirected to blocktrades site so secure your master keys to paste later when it asks you.
Please take a look with the amount of SBD that you have and enter the amount you wish to exchange into Steem.
Then on the same page, enter your username without @ sign
enter your username again and then click "Transfer Using SteemConnect Button"
Verification - would need you to log in again using your MasterKey then after doing so this page pops up for a few seconds
Check your balance on steem from your wallet!
Pricing
Basically it is FREE
If you are using steemgigs alpha, then the price of this particular Step-by-step guide tutorial is only 0.001 Steem. The lowest amount that we could possibly transfer in the steem blockchain.
this ensures stability of the internal trading volume even if it is just from the small amounts.
I am grateful for @surpassinggoogle for all the support that he gives to all minnows who are wiling to succeed in this platform.
This particular action of buying steem is also a way of utilizing the internal trading stable in our own little ways.
Let us remember that our liquidation of the SteemDollars is also an external transfer or trade that ensures external trading volume scalability from other exchangers outside steem blockchain.
Cash Out = steem or SBD in exchange to ETH or BTC in our local wallets such as CoinsPh in the #Philippines setting.
Proud member and admin of @steemitpowerupph
Price: Starting at 0.001 STEEM
Delivery: 0 day(s) 1 hour(s)
Requirements
It is for everybody!
You might want to folow me and if you liked my step-by-step guide, I would be extremely glad for a resteem!
Please do not hesitate to post comments if you have questions of if you do want me to create a step by step guide with anything and everything under the sun.
I will also provide later on how to do simple and basic trading using our FREE resources.
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