I often see posts on how to sell your steem or SBD on various exchanges. Those generally being Poloniex and Bittrex. These are very useful and there are plenty of them about.
But what about the next step? What if you want to get some of that tasty bitcoin mullah into your hot little hands so that you can spend it on life's greatest things?
Well initially that seems like quite the challenge. But it's not. At least not in Europe. I know there are some right funny laws in the states which seem to make it hard to go all spendy spend on the bitcoin front but here it is relatively easy.
The way I do it is to use a prepay debit card from Cryptopay This is a site that gives you a Bitcoin wallet and allows you to purchase a debit card which you can then load with Bitcoin and spend spend spend.
The Dashboard within the site is very user friendly
The 4 main denominations it accepts are Bitcoin, GBP, Euros and Dollars. To be perfectly honest I have never used the non bitcoin ones. The site can be used for buying BTC if that is what you want.
I have used it to convert BTC into GBP. To start, you deposit some BTC. If you are on an exchange select withdraw from your BTC wallet and put in the receiving BTC address from Cryptopay. You can find this by hovering over the balance of your Bitcoin account. You will see the Deposit box highlighted. When you click this it gives you a BTC address to send the money to and it is this that you put into the withdrawal address from your exchange.
So after you have withdrawn from your exchange your BTC will appear in your Cryptopay account. Note this can take some time as we all know BTC transactions can be sloooow
Now that is all very well but if you want to spend these super funky bitcoins you will need a debit card. Now unfortunately like other sites they charge you to buy one. Its a one off charge and is normally £15, however and please forgive the shameless plug if you use my referral code you get 25% off which means you get it for £12!
Once you buy a card it takes a week or so to arrive. Follow the instructions to activate it and receive your PIN and bingo, you are ready to go.
All that is involved after the card is activated is clicking the button to Load a card - This lets you transfer bitcoin to your credit card which you can then spend in any old shop. It's magic! You can also get virtual credit cards if you only want to use it online but where is the fun in that!
Remember if you use my referral link here you get it cheaper! I have no idea what mighty things I am meant to get in return. If its anything like genesis mining, a minor kick in the chuff will be my reward.