Ahh ok :D
The route would be STEEM to binance - STEEM to LiteCoin - Litecoin to Coinbase - Sell Litecoin to USD Wallet - Withdraw.
Depending on binance exchange prices, I believe this is the cheapest method.
(Coinbase do like to take an annoying sum and so if there is a registration of card details on binance this could save a few steps and be cheaper)
At current prices, 50 SBD is $160.61032 (50 x $3.2122064)
Gotcha! Yes, I can do that @abh12345 but it would mean going through coinbase for me with the withdrawal. That means converting SBD to STEEM internally first?
I don’t have my info on binance...I know I should trust them but it’s an international company so I’m reluctant to give my info and bank info.
As for coinbase, they forced my hand to adding my info. I signed up when it wasn’t a requirement to give out all my info for buying. A month or so back, I tried logging on to see what I had in there and they wouldn’t even let me log on without giving them everything. That’s fine since I have nothing to hide but I drew the line when the employer field was also required. So I told them personal and that bypassed the hard stop. Giving up personal info for transparency is one thing, but you really don’t need to know where I work to give me access to my funds!
This depends if Binance have both, or just STEEM on the exchange. I don't have an account there and do seem to remember reading it's just STEEM at present. And so yes, you would need to exchange on the internal market here, first.
Damn Coinbase, I reluctantly use them too. At least it's been plain sailing for me so far - no issues.
Let’s cross our fingers it stays that way. They might want the name and rights to our first born one day! 😂
Yes, I think Binance has STEEM only. That was recently added too. Internal it is if Dave wants to go my route!
you can go steem- ------> use block trades (if it is price appropriate) to convert steem to lite coin or such and it will convert and send at the same time --------> coinbase-------------> bank account.
easy peasy and takes about 5 minutes. block trades may cost more than binance I don't know for sure. In my opinion it would be best to send it to their coinbase account wallet because they are in mexico. If any of us in the states take it into our coinbase account we will have to report it as income on our income taxes. If we don't uncle Sam is gonna come kick your door in wanting his money. Just my 2 cents. take it as you will
Edit: also if you use blocktrades you do not have to set up an account.