Steem and Steem Dollars (SBD) can be easily transferred/converted to your bitcoins with officially-recommended @blocktrades
This is the most easiest way to exchange your Steem/SBD to Bitcoins (or other digital currency). In this case, you need a bitcoin wallet e.g. You can use the online coinbase bitcoin wallet or offline Eletrum wallet.
Step 1: Click the “Sell” under the “Steem Dollars” if you want to sell SBD or “Steem” if you want to sell Steem respectively.
Step 2: Now you need to Enter the suggested SBD/Steem to exchange, on the right hand-side, it will approximately tell you how much bitcoins you can get after exchange. You need a valid Bitcoin wallet address.
Step 3: Click the “Get Deposit Address” button to get the MEMO. You need to copy exactly the MEMO as given (You may however use this same MEMO for many times you like)
Step 4: Click the “Transfer” dropdown menu under Steem or Steem Dollars
Step 5: Enter the recipient: blocktrades and fill in the amount of SBD or Steem to convert.
Step 6: Login the Proceed
Your funds will be immediately unavailable.
However, it may take minutes or hours for this transaction to fully completed and reach your bitcoin address.
Remember, make sure you have entered the correct MEMO (see this incident) not your wallet address!
You can read this tutorial in Simplified Chinese: 小白教程 – 如何把 SBD或者STEEM转出到比特币钱包?.
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