How to convert Steemit earnings (STEEM and SBD) into USD, then withdraw your money to PayPal/Skrill or bank card

TITLE: How to convert Steemit earnings (STEEM and SBD) into USD, then withdraw your money to PayPal/Skrill or bank card

UPDATE: VirWoX is closed, try to use other bitcoin markets, such as LocalBitcoins. LocalBitcoins also is closed.

This page will teach you how to withdraw your STEEM/SBD from Steemit into USD

So, you want to know which methods can help you to cash out your money (STEEM and SBD) at Steemit. This page is just about it, according to my experience, read it carefully.

How to convert my Steemit earnings to US dollars, then transfer my money to PayPal/Skrill or bank (or credit) card?

Make money online is something not so easy, so when you get paid from your Steemit contents, you want to transfer your money to your paypal or bank account ASAP, because you can not spend Steem/SBD on the goods you want to buy, this article will show you how to withdraw your money at

*If my article gives you some helps, do not forget to bookmark or share it with your friends, thanks.
If you have any questions about withdrawing your steemit earnings, just do not hesitate to leave your comment, I'd like to share my knowledge and experiences with you, let's grow together at Steemit.comThanks again.

What is Steemit(Steem and SBD) if you yet not know it? is a social platform like Reddit, Facebook or Twitter, the difference is Steemit pays you for the contents you create, the other difference is Steemit is built on the blockchains.

As you know, Bitcoin is a new digital blockchain money, Steemit (or exactly, Steem and SBD) rightly is something like Bitcoin. Both of Steemit and Bitcoin are the new innovative payment networks and new kinds of money.

At the other hand, Steemit is different with Bitcoin. When people upVote for your posts/comments at Steemit, you will get Steem or SBD (Steemit based dollars) money in your wallet, that is to say, you can make money by writing at
You already know that at Steemit, we earn digital currencies such as Steem and SBD (Steem Dollar), but we can not use them to buy things in our real world, what should we do?

We have to exchange our Steemit money into USD or the legal tender of your country, such as Euro in European countries, GBP in UK, RMB Yuan in China or JPY Yen in Japan.

Simply speaking:
1. firstly we transfer our SBD/Steem into BTC (Bitcoin),
2. then we exchange our Bitcoin into US Dollars,
3. finally we withdraw our USD to our PayPal account or our bank (or credit) card.

What you need to prepare before you do it:
1. Your verified PayPal account or bank/credit card which supports swift code. Payoneer is recommended if you do not have a US bank card (register with you real information).

2. Bittrex or Poloniex account, where you can convert your Steem/SBD into BTC (Bitcoin). Now Bittrex is more recommended.

3. UPDATE: VirWoX is closed account, a place where you can sell your BTC into SSL (Second Life Lindens, which is digital currency of a virtual game), then sell SSL into USD, then you can withdraw your US dollars to your PayPal or bank card. According to my own experience that VirWox really is a very good platform, you can trust it.

You also can sell your Bitcoin via which is a leading P2P Bitcoin exchange market. LocalBitcoins also is closed.

*note: All these platforms of Paypal, Bittrex, Poloniex, Payoneer and will charge some fees during your transferring money there, we have to accept this if we use the tools they provide.

The step by step of how to convert your Steemit earnings (Steem or SBD) to US dollars, then withdraw your money to PayPal/Skrill or bank/credit card:

1, Transfer your steemit money to Bittrex or Poloniex
Take Poloniex as an example
In your Poloniex account,
  • BALANCES~~~DEPOSITS & WITHDRAWALS~~~find sbd(steem dollars)~~~deposit~~~copy your steem dollar memo
if you use Bittrex, you will easily find your Steem dollar memo at Bittrex

Then, in your steemit wallet, you can transfer both your STEEM and SBD.
Your steemit wallet~steem/steem dollars~transfer~input your information-send your money to "poloniex", amount and paste the memo you copy at Poloniex.

* Note: if you use Bittrex, you Steem memo and SBD memos are DIFFERENT, so be very careful at this step.

2, Sell your steemit money into BTC (Bitcoin) at Poloniex/Bittrex
  • register and login your account~~~deposit~~~generate Bitcoin address XXX~~~copy your bitcoin address at virwox
When your Poloniex account receives your steemit money, then follow these steps:
  • sbd/steem ~~~sell your sbd or steem dollars into BTC~~~when you get BTC
  • ~~~find btc ~~~withdraw~~~paste your bitcoin address you copy at VirWoX~~~sell~~~confirm your sell in your email~~~Awaiting Approval
3, Sell your money at VirWoX into USD, and withdraw it to your Paypal account or bank card.
when you get you BTC transferred to your VirWoX account.
  •, sell your btc into ssl
  •, sell your ssl into USD
  •, withdraw your USD to your PAYPAL/Skrill account or credit bank card which supports swift code, such as Payoneer.
Then, wait for some minutes with patience, soon you will receive your USD at your PayPal account, and congratulations to you.

*Earn free bitcoin
I also recommend you to buy/sell digital currencies(BTC, BCH, ETH and LTC) at coinbase via my referral, because that once your buy or sell $100 of digital currency or more at coinbase, we will both get $10 of free bitcoin. And it also supports PayPal.