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Ever since I read about bitshares and watched videos about how it works and it's importance, I haven't stopped using it.

Currently my top 3 cryptocurrency exchanges are bitshares, binance and bittrex. I've already written about binance on my blog and how to make money from it, but right now I want to teach how to convert steem to btc using bitshares and save $6.

Currently I use bitshares for converting steem and sbd to bitcoin because of

1. It's decentralized nature
2. I get 80% of all your transaction fees back
3. It can also be used as a wallet.
4. 50% referall bonus.

how to convert STEEM to BITCOIN on BITSHARES

1. Create your bitshares account and backup your account

Creating a bitshares account is easy, just click here

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2. Click account by the top left corner

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3. Click deposit beside open.steem

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4. Copy username and memo

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5. Go to your steemit wallet and send steem to the username and paste memo copied into memo on steemit

Deposit should take about 30 seconds to reflect

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6. Click btc and click open.steem

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7. click your steem balance under sell open.steem and then click sell

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8. steem sold shows at the top right corner

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9. Click account to view your bitcoin and click withdraw

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10. Paste your bitcoin address and input the amount you want to withdraw minus fees

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11. click confirm (cheap fees)

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withdrawal on bittrex currently is 0.001 BTC = $7

Using bitshares saves you more than $6 Because withdrawal fees on bitshares is currently 0.00001.. BTC = $0.09

Losing $5 or $6 to transaction fees might look like a small money but if you need $1000 in your savings account, you'll need be saving $5 for 200 times.

Click here to register on bitshares

Thanks for reading

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