Hello steemians and New comers toThis prestigious platform called "Steemit"
I respond to a lot of enquires from Nigerians that are new on steemit,from my filter, the most asked question is how do I convert my SBD to Niara?what is the exchange rate? How do I get it into my bank Account?
I have taken it upon myself to elucidate,expanciate,and enumerate on this perceived challenges that new comers face.
A steemit user left his sbd for over one month because she does not know how to convert,and cash out.
Steemit is a decentralized social media platform were your post, intelligent contents ,comment, and you up vote post that catches your fancy.
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To check the current rate of SBD download Coinmarketapp on Google play store.
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For now, I will recommend you use ethereum.This because of the transaction fees which is not so high as Bitcoin.
Also the time it takes for the transfer from one point to the other can take days to drop in your wallet ( confirmation) .
You must have an Etheruem wallet,I will suggest you download Luno wallet from Google play store for android users, or if your phone is an iPhone download from iPhone store.
Register on the platform,after your account have been verified add an ether wallet,by default bitcoin is the primary cryptography used, but recently ether was added to supplement user experience.
Go promotion and add your bank account details.Please note that Luno now request for BVN, so don't be surprised if you are asked.
FIRST STAGE OF TRANSFER
Go to Blocktrades using this link
(I will strongly advice you to open an account with blocktades so that you can track transactions)
From the first column select Steen dollars and input the amount you want to exchange,
The other column select ethereum,please view below pictorial representation.
Enter your luno wallet address and "get deposit address"
SECOND STAGE OF TRANSFER.
Copy this address generated From blocktrades and go to you steemit wallet.Go to Steen Dollars and select the drop down.
______Select transfer_________
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Go to Steen Dollars and select the drop down.
Select Transfer
On the second column insert "Blocktrades" and insert the amount you want to convert.
The last column is the memo which is very important,copy the memo generated from block trade and past it their.As seen below.
FINAL STAGE:
Check your Luno. wallet and wait for @ least 39 minutes your corresponding Amount will be credited into your account.
I hope this helps,iLIfe you have learnt Something from this write-up, kindly vote, please feel free to asked me am available.
Gracias!!!!!!!!!