Community post
How to withdraw Steem Dollar?
Hi, I am a new comer to Steemit. Feeling very excite about its features.
After viewing so many steemit blogs with great paidout. One question comes into my mind. For the steem dollar you got, how can you withdraw them?
As steem dollar is backed by 1 US dollar, Where does the money come from?
I think most of visitors come here still are confusing about it. Can anyone help me to clarify this?
Replies (5)
hi @yuthavithi here is a link that might be helpful https://steemit.com/money/@screenplaydan/new-to-steam-steam-faq-by-yours-truly
the money comes from the value created by traders who invest money into the system. Also on july 9th, roughly $2mil usd was given out in payouts
hI @yuthavithi look, I had send somes Steem Dollars to Bittrex. There, you can exchange for bitcoin. and monetize it.
OK. I See. Just notice there is BTC-SBD pair there. Thaink you very much.
Well done and thanks for your vote. I Recommend to check my other post.
https://steemit.com/steemit/@alefernandez/less-than-steemit-user-stats#@alefernandez/re-vlad-re-alefernandez-less-than-steemit-user-stats-20160721t140838109z and give me a little vote. I´m following you, see you later.
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