RE: BlockTrades adds support for directly buying/selling STEEM
I'm new with exchanging Steem. And I've read a lot but still it's not clear the easiest path. Is this the easiest/most financially sound and best path to take if I want to exchange STEEM into US dollars?
- open simple bank account
- use blocktrades to convert STEEM into Bitcoin
- Use something like BitShares to convert Bitcoin into US Dollars?
- Or Coinbase?????
I opened several accounts: Coinbase, BitShares and I got an app, Breadwallet for my iphone.
It's clear I have no f#$#*ing idea what I'm doing. A really clear, non-technical route would be really appreciated....
I feel that for the newbie, Coinbase is much easier to use than BitShares, but I want to use BitShares because it's Dan's baby and I respect him. However, I spent over ten minutes on BitShares trying to find the "sign out" or "log out" button, and I never found it. I cleared my browsing cache instead of wasting more time.......incredibly non-user friendly, unless, there's something I'm unaware of...
Thats all. thanks...
Hi, stellabelle. There is no sign out on the BitShares web wallet, because you never login. Instead, you have to unlock your wallet to spend funds. The wallet automatically relocks after a certain amount of time (the default is fairly short I think, around 5 minutes). Also, I wouldn't personally use a public computer to login to an account where I kept money, but that's just me.
I don't use public computers. I'm not sure why you thought I used them. Ok thanks that answers one of my questions.
Sorry, it was the part about clearing the browser cache that made me think that.
de nada. teru teru bozu.
As far as converting bitcoin to USD, Coinbase is probably as good as any other choice.
Ok thanks
If you don't want to deal with KYC laws, and don't want to trust an exchange to hold your money, consider using Bitsquare:
https://bitsquare.io/
If you'd like to retain complete privacy, consider using the Mycelium wallet:
https://mycelium.com/
Built into the wallet is a decentralized exchange, which matches up local buyers and sellers of bitcoin.
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