Club1BCH - How to Convert SBD/STEEM to BCH

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Avatar for esmeesmith
3 years ago

Many creators among us are writing on various websites like STEEMIT, BLURT, HIVE, Serey, Tipestry etc. Sites like HIVE and STEEMIT have their own blockchain. HIVE has plenty of options for swapping the Hive dollar and HIVE into other coins.

How about STEEM and SBD?

I was searching for various solutions out there on the web. Some of the exchanges require you to do KYC. Some exchanges like Binance want a lot of your personal data along with KYC before you can send those coins to bank or convert them to BCH.

So what could be the option?

Swap your STEEM Dollars and STEEM coin through swap sites into other coins. Here in our case it's Bitcoin Cash.

Here is my workflow for converting Steem Dollars into STEEM. Then use popular swap sites for converting STEEM into Bitcoin Cash.

Step 1: Go to swap.app website.

Step 2: Check STEEM Dollar amount and then set the swap type to STEEM.

Step 3: Send your SBD to the swap.app with the memo.

Step 4: Swap.app should send you the STEEM of the respective amount to your steem account.

Step 5: You get the STEEM to your account.

Now that you have STEEM in your account. Your next step should be finding the swap site that can convert your STEEM to Bitcoin Cash.

Step 1: Go to simpleswap site.

Step 2: Set your STEEM amount you wish to convert. Set floating or fixed rate depending on amount.

Step 3: Add your BCH address.

Step 4: Once you send the STEEM with the memo in the transaction. Process should begin.

Step 5: Wait for 10 to 60 minutes depending on the available funds they will send you the BCH to the address.

Step 6: You get the BCH to your wallet.

For me it took around 40 minutes to get the STEEM converted into the Bitcoin Cash. And to get the coins converted into the Bitcoin Cash.

Here's my result after doing this.

You can do the same with the HIVE too. You can follow the same process for converting HIVE dollars to HIVE and then turn that into the Bitcoin cash. This process takes an hour depending on the funds in the hands of those swap and exchanges.

I have used this method and managed to get the Bitcoin cash to my wallet. I hope this information helps you to swap and HODL your bitcoin cash.

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