While I'm having fun getting paid - I'm wondering what am I getting paid?
I still don't fully understand the crypto world and the Steemit payout.
First, I'm not looking for a payout now and don't imagine it is worth much anyway - But assuming that I decided right now I want all the 'cash' from my account that I could get - I'd be wondering what this is worth? - And how I would actually turn it into 'real dollars".:
STEEM
Tradeable tokens that may be transferred anywhere at anytime.
Steem can be converted to STEEM Power in a process called powering up.
229.816 STEEM
STEEM POWER
Influence tokens which give you more control over post payouts and allow you to earn on curation rewards.
434.531 STEEM
STEEM DOLLARS
Tokens worth about $1.00 of STEEM, currently collecting 2.5% APR.
$9.481
SAVINGS
Balance subject to 3 day withdraw waiting period.
0.000 STEEM
$0.000
Estimated Account Value
The estimated value is based on an average value of Steem in US dollars.
$141.69
- THANKS for the explanation!
Steem and Steem Dollars are liquid and transferable to an Exchange like Poloniex. At an Exchange you can exchange to Bitcoin. At some Bitcoin/FIAT exchange you can exchange into US$ Euro or whatever FIAT currency. Not sure what to use for this; Never done that. Poloniex only exchanges cryptos. There are service out in the market that can give you a debt card on Bitcoin, I think at least. I think I read somewhere also some service exist to covert Bitcoin into eg US$ and deposit this to PayPal.
Thanks - But the generalities I know - What I'm asking for is for someone who is savvy to the game to tell me in real dollars and cents, at today's rates - 'Approximately' what my account could be 'cashed in' for???
Steem Dollar is approx 1US$.
Steem is approx 0,2US$
Steem Power = Steem = 0,2US$ but you have in total 13 weeks to power down completely (as far as understand the power down rules)
Actually, you can convert the cryptos to bitcoin on Poloniex and then transfer the bitcoins to something like Coinbase, which can then be converted to a local currency such as US dollars. The point is that you should be able to convert the Steem to your local currency, but it will take jumping through a couple of hoops or different exchanges/wallets. It's not an easy process, but it can be done.
Steempower has to be powered down to Steem, which is done gradually over 12 or 13 weeks.
Thanks people - But you are still not answering my question.
If I suddenly had the urge today to cash in the account I listed - What would be the 'approximate' pay-out in US dollars and cents?
OK - I had to do it myself, but I found out how to do it - Yes it is complicated but I'll assume this will work:
"Step-by-Step: How to Cash Out Your Steemit Earnings to USD:
https://steemit.com/steemit/@lurker1/step-by-step-how-to-cash-out-your-steemit-earnings-to-usd
This by itslelf would not tell me my current cash value - But it shows Steem can be converted to cash - And for now that is all I need to know.