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STEEM to Fiat: STEEM now listed on LocalBitcoinCash.org by steemitblog

View this thread on: hive.blogpeakd.comecency.com
· @steemitblog · (edited)
STEEM to Fiat: STEEM now listed on LocalBitcoinCash.org
We are excited to announce the listing of a STEEM/BCH trading pair on LocalBitcoinCash! 

[![](https://steemitimages.com/DQmT9WeezGr1ci4LoUgTJkt9sTe2sGHgGBituYSL89XDTcU/image.png)](https://localbitcoincash.org/images/logoLocalBitcoinCash.jpg)

LocalBitcoinCash (LBC) is a new cryptocurrency exchange that was launched in January of this year and now can act as a fiat gateway for STEEM, anywhere in the world, as users will be able to β€˜shift’ the BCH they buy with fiat into STEEM with ease. 
 
[![](https://steemitimages.com/DQmWtMcv5CWEWi3cvtD4FoLVEMGe9fj3DQvCCuFCWjxpdNw/image.png)](https://www.localbitcoincash.org/)
 <center>*LocalBitcoinCash Homepage*</center>

Trades can be done via escrow using methods like a bank transfer, or users can meet each other locally, which is common on the platform. 

Personal verification is not compulsory so your identity is protected. That being said, verifying your identity on the platform is an option and doing so helps build trust with other users, facilitating more trades.

![](https://steemitimages.com/DQmceFrJTAvm4zGmRC6y4FBrugwmNVnEyxkYkqACWtpSX6e/image.png)
<center>*Trade BCH for STEEM*</center>

LBC stores the majority of its funds in offline cold storage, only allocating a small percentage to hot storage so as to enable fast and easy withdrawals. 

For more information and to register an account, please visit:  [localbitcoincash.org](https://www.localbitcoincash.org/index.asp).

*Team Steemit*
πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 52 others
πŸ‘Ž  ,
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vote details (118)
@adedoyinwealth ·
Yayyy. 
Steem is expanding.
I always knew this would happen.
#Steem is taking over.
πŸ‘  ,
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@adedoyinwealth ·
$0.38
These are my Steemit Gear Designs I made for all my Darling Steemeans.β™¨οΈπŸ€—πŸ’–

![Steem T-shirt.png](https://steemitimages.com/DQmWuKkrNpKnhwC1uqjqCJaw8WZNJEP2myWCJueYGb3hy1K/Steem%20T-shirt.png)

And this.

![Steem T-shirt2.png](https://steemitimages.com/DQmXXj116MbwnJKKAZQU5RtCt1Us2AvtC6W1n7cESHoYGtn/Steem%20T-shirt2.png)

I hope you all like it.
πŸ€—
πŸ‘  , , , ,
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vote details (5)
@cryptonfused ·
Lovely!
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@adedoyinwealth ·
Thank you very much.
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@toeney ·
It's beautiful
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@adedoyinwealth ·
ThanksπŸ’–
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@bitcointravel ·
$0.54
steem is my bigest hodl after bitcoin :)
πŸ‘  
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vote details (1)
@charleswealth ·
This is great news.
Go Steem go, go Steem goπŸ‘β™¨οΈ
πŸ‘  
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vote details (1)
@coldhair ·
That's so great, steem go to the moon.
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@dareoo ·
Nice post
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@dillagr ·
nice move! making steem more available will hopefully drive price up.
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@diodio ·
A Very good initiative,I'll try it out soon, can someone advised me on how to recover my Binance Account.I did Two factor Authentication,I know the password, but how do I recover my account back, I misplaced my phone and I got some cash on the account.can some advise on what to do?
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@jcobs ·
Steem one more way to moon ... Cool news. Thanks
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@joshuaetim ·
Steem is going places and if you would ask me, I'll say this is goodnews and I am looking forward to more
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@kumajin ·
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is airdropping million Tokens!
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TOP 1000 EOPT token holders will DIVIDE all the 100,000 EOS Proportional to the number of tokens they hold
EOPT is the token of EasyOption.io platform, will be traded on exchange. 
1 EOPT = $0.2
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Achain AIRDROP
http://t.me/AchainKoreaBot?start=beRZYXScmjDT
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@lukestokes ·
Are there any legal implications for people trading in this manner? There have been some stories of people getting arrested for not having money transmitter licenses. Thoughts on that? I was hoping this post would also include some references for people in that regard.
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@eurogee ·
Quite an important observation. I think this depends on one's country of residence. On Nigeria, there is no restrictions.

@eurogee
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@mgibson · (edited)
How to transfer steem to https://www.localbitcoincash.org/? Is there any video tutorial?
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@muhasib ·
Good news for steemit users, steem now listed on LocalBitcoinCash.org, this is a great achievement, now steem will rock and touch stars real soon... 
πŸ‘  ,
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vote details (2)
@nguyenhuy ·
Like
properties (22)
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@onthewayout ·
The title of the post is kind of misleading.  When an exchange lists a Steem:Fiat pair then it would be appropriate to include "steem to fiat"...just my 2 cents.
πŸ‘  
properties (23)
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vote details (1)
@raci ·
Is it possible to trade steem for fiat directly?
πŸ‘  
properties (23)
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vote details (1)
@riyad65 ·
another crypto.i thing steemit cross bitcoin price but it take time to cross bitcoin.cause bitcoin price is so high and steemit price is so low.
Thanks for this nice post.
properties (22)
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@sequentialvibe ·
Huge news! The off ramp is a key feature!
properties (22)
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@shaka · (edited)
$3.30
>LocalBitcoinCash (LBC) is a new cryptocurrency exchange that was launched in January of this year and now can act as a fiat gateway for STEEM

Sorry, but I don't quite get it. To me, the headline of this post implies that a new STEEM/Fiat gateway has emerged. I understand that I can buy Steem with BCH, or with BTC, but somehow that fails to really thrill me. What am I missing here?
πŸ‘  , , , , , ,
properties (23)
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vote details (7)
@acidyo · (edited)
You're right, it should be titled Steem->BCH->fiat.

Still a better alternative than sending Steem to Bittrex/Binance/Polol, exchanging them for BTC (0.1-0.25% fee) then withdrawing them as BTC (0.0005-0.001BTC withdrawal fee) onto an exchange where you can then trade BTC into fiat (~0.2% fee) + added fees for bank transfer probably.

This way you send Steem that doesn't cost anything to Localbitcoincash.org, where you can trade them for a certain fee (haven't checked what it is) onto BCH and then sell them for fiat. 

It has at least 1 middlemen removed from the equation so that's a good start in my eyes.

Binance will soon add fiat to their exchange as well which will be similar to this, hopefully they'll give Steem fiat pairs as well to remove the extra trade.
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@mobbs ·
Oh jeeze where do you always get this juicy info?? That day will be such a glorious day for me
properties (22)
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@mobbs ·
$2.74
I just scratched my head over this too. It's basically localbitcoins, but BCC instead of BTC... I already have a localbitcoin account so I see no reason to sign up to another if it's the same function but a less popular site =/
πŸ‘  ,
properties (23)
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vote details (2)
@trumpman · (edited)
$0.91
Steem inc joins the btrash shillers! What's not to get?
πŸ‘  , ,
properties (23)
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vote details (3)
@smarmy ·
$0.03
Seriously, if anyone has BCH, the least they could do is trade it for STEEM.  BCH is pure evil.
πŸ‘  ,
properties (23)
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vote details (2)
@smokeasare165 ·
This is a very exciting news...we are moving beyond the skies
properties (22)
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@son-of-satire ·
$1.44
If I am misunderstanding this then please do correct me, but is the title of this post not misleading? STEEM to fiat would suggest to me that you can now sell STEEM for fiat currency. But the content of this post leads me to believe that you can now trade STEEM for Bitcoin Cash and then trade he Bitcoin Cash for fiat. So the title should be STEEM to BCC to Fiat.

This doesn't help us at all because we will still get raped by fees multiple times during the cash out process. Why not push for a LocalSteem.com rather than relegating STEEM to a bitplayer in another coin's story?

If my observation here is correct, then I really have to wonder what you guys are doing with your time. Because it certainly isn't being spent improving things within the ecosystem from what I can see.
πŸ‘  
properties (23)
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vote details (1)
@steembottrackerr ·
<center>https://steemitimages.com/200x200/https://s-media-cache-ak0.pinimg.com/originals/81/28/3c/81283c6aed7bdb5b9f8ad73b8ce62c2f.jpg</center>
---
<center>Hello @steemitblog , Congratulations βœ… . Your content began to appear in the hot section.
I am the information account of "SteemBotTracker" site.
</center>
---
<center>
Your Informations
Total SBD: 4612.08
Total STEEM: 810.371
</center>
---
<center>
I recommend to increase this;
You can make "Resteem" and advertise to the followers of the whale accounts.
"Resteem Bot" for you;
βœ… The most profitable Resteem Whale @byresteem  has 25.500 Followers + 7000 Sp + Upvote with min +55 accounts. 
</center>
---
<center>
You can purchase "upvote" by bid bots.
"Upvote Bot"
βœ… The most profitable whale in the last round. @postpromoter
</center>
---
<center>
I'm taking this message once. You need to use the #steembottrackerr tag for more information.
Those who "upvote" this interpretation will be awarded a "UpVote" prize of 100 Sbd per week per person.
I am a bot, I can not answer the comment. I hope I could help. Good luck. Sorry if I disturbed you.
</center>
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@stormlighttech ·
Would be nice if Keybase took a look at that and potentially added it; one less verification step.
properties (22)
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@sutter ·
Thanks for sharing the good news!
πŸ‘  
properties (23)
authorsutter
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vote details (1)
@talltim ·
$0.57
So you've thrown in your lot with Roger Ver and Jihan Wu?

The two proponents of BCash(BCH).

How depressing. I always thought there was hope for Steemit if they changed somehow, but now, with you supporting these two con-men who are actively trying to social engineer their control over Bitcoin -- that's insane.

You deserve the fruits of such efforts - and they won't be to your liking.
πŸ‘  ,
properties (23)
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vote details (2)
@enforcer48 ·
$0.10
In case you haven't noticed, @rogerkver came back to Steemit yesterday selling his news because of "censorship" from Twitter, etc.

Yeah, dude is back to add to the muck we have here.
πŸ‘  
properties (23)
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vote details (1)
@talltim · (edited)
$0.19
@rogerkver is a con-man, scammer and convicted felon. He also is a full Douchetarian.

I'm not surprised he's banging his gong over here, because when it comes to expanding his ego, every platform has to beware of his greasy grip.

Here's a great teardown technically and historically about Very Wrong Ver's con-game -- https://hackernoon.com/thats-not-bitcoin-that-s-bcash-f730f0d0a837
πŸ‘  ,
properties (23)
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vote details (2)
@tdre ·
This is excellent news!
properties (22)
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@valentin86 ·
Yep that is great news for steemit community😊
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@wa2qr ·
$0.05
I've been on Steemit since July of 2017. The more I'm involved with the community the more believe in the longterm viability of the platform. That being said, last week I decided to try and convert a small amount of Steem to fiat USD, mainly because I wanted to see how easily I could do it, and Steem has gone up since last year so it doesn't hurt to take a little bit of profit.

When I started on Steemit, I had almost zero knowledge of cryptos, exchanges etc. and honestly, my knowledge is still pretty limited. I think I was a bit intimidated on withdrawing funds, as it seemed overly complicated. It turn out it's not that difficult to do, but there still does seem to be a lot of steps and withdraw time.

Essentially what I did was use Blocktrades to withdraw some Steem to Bittrex, by converting Steem to Bitcoin, from Bitcoin to Litecoin to save on fees (I saw a suggestion to do this). And then move that Litecoin to Coinbase, then ultimately sell the Litcoin to USD that was to linked to my bank account.
πŸ‘  , ,
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vote details (3)
@nafestw ·
$0.18
Still five steps too much. This process must be simplified a lot to increase the adoption of cryptocurrencies.
πŸ‘  , , ,
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vote details (4)
@glenalbrethsen ·
$0.79
I couldn't agree more. Being able to go straight from whatever to Steem and back really needs to happen. I don't mind cryptos 'paying their dues' so to speak, since we know not all can or will be viable, but that said, it still needs to be easier, and not only the top coins at some point.

I've heard, though, that exchanges are charging ridiculously high fees to keep a crypto listed, so I think that's part of if, too. Which I guess more and more competition on the exchange front is needed.
πŸ‘  , ,
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vote details (3)
@onthewayout ·
$0.25
You could have just used Blocktrades to send to Coinbase directly instead of sending to Bittrex. You can convert your Steem to BTC, ETH or LTC using Blocktrades and then sell your crypto for Fiat on Coinbase.
πŸ‘  , ,
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vote details (3)
@steempowerpics ·
$0.15
If you are using Blocktades and Coinbase why didn't you just got straight to Coinbase? Why the extra steps to Bittrex, Bitcoin etc.  Just go straight Blocktrades > LTC Coinbase > FIAT.
πŸ‘  , , ,
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vote details (4)
@wf9877 ·
$2.07
Great News!
πŸ‘  
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