![DQmTwoLLRfZo44vd2cQ5b6AphDcXN7PUCTkuX4Q58VCrb3x.jpg](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510054847/ba0fdta4lf5loqjrzrfb.jpg) [image source](https://www.youtube.com/watch?v=6_PagqROpDQ) 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](https://bitshares.openledger.info/?r=samstickkz001), [binance](https://www.binance.com/m-register.html?ref=10093289) and [bittrex](https://bittrex.com). 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](https://bitshares.openledger.info/?r=samstickkz001) ![Screenshot_20171107-110125.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510050375/wuztanle9fyf6uccfkym.png)

## 2. Click account by the top left corner ![IMG_20171107_112743_514.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510050507/p3jj0aiycaqoyrmudi7a.jpg)

## 3. Click deposit beside open.steem ![IMG_20171107_112929_763.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510050589/axaycxjz1liqyagmhyeg.jpg)

## 4. Copy username and memo ![IMG_20171107_113051_605.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510050688/yvznkx7vq7cfp63yuqzd.jpg)

## 5. Go to your steemit wallet and send steem to the username and paste memo copied into memo on steemit ![IMG_20171107_113202_520.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510050734/qyof1kq8bhkuncaeu6bj.jpg) **Deposit should take about 30 seconds to reflect** ![IMG_20171107_113244_119.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510050797/dmrvcjj8y7zbfk0fookj.jpg)

## 6. Click btc and click open.steem ![IMG_20171107_113348_171.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510050846/yu7lu3ndnk5j0inqxlnd.jpg)

## 7. click your steem balance under sell open.steem and then click sell ![IMG_20171107_112310_145.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510051062/ddux06nulyndtbkwlhpm.jpg)

## 8. steem sold shows at the top right corner ![IMG_20171107_112258_780.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510051164/nlqg8clca0dun7991gqm.jpg)

## 9. Click account to view your bitcoin and click withdraw ![IMG_20171107_112218_113.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510051260/eotjxtc7fo7vy9ctvkf4.jpg)

## 10. Paste your bitcoin address and input the amount you want to withdraw minus fees ![IMG_20171107_114254_105.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510051400/dliddtzgfjkr11scc6s0.jpg)

## 11. click confirm (cheap fees) ![IMG_20171107_112207_685.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510051576/iyadmmxw7uyjidao9plv.jpg)

## withdrawal on bittrex currently is 0.001 BTC = $7 ![IMG_20171107_115126_146.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510052027/t1rnj5bigpspgvvm9gvk.jpg) ![IMG_20171107_115227_631.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510052072/qgob7vzebbckvrnrlrkk.jpg) **Using bitshares saves you more than $6 Because withdrawal fees on bitshares is currently 0.00001.. BTC = $0.09** ![IMG_20171107_115525_005.JPG](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510052167/wdjvgh5up92tcjizrojy.jpg) **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]( https://bitshares.openledger.info/?r=samstickkz001) ## Thanks for reading ![samstickkz.jpg](https://res.cloudinary.com/hpiynhbhq/image/upload/v1510052470/ejygu150ogdlg3heey6h.jpg)

* Register on [binance](https://www.binance.com/m-register.html?ref=10093289) * Buy bitcoin with ease using [remitano](https://remitano.com/ng?ref=samstickkz) * Follow me on [investfeed](https://www.investfeed.com/samstickkz) ![DQmSgvWb7SsQm8TMfvUiyEsbfd7sH3M5YZZa7QRsqV2Q5vk.gif](https://steemitimages.com/DQmSgvWb7SsQm8TMfvUiyEsbfd7sH3M5YZZa7QRsqV2Q5vk/DQmSgvWb7SsQm8TMfvUiyEsbfd7sH3M5YZZa7QRsqV2Q5vk.gif)