Survey: How Much Do You Lose Cashing Out STEEM/SBD?
I want to do a simple survey to understand the real-world cost of converting STEEM/SBD into fiat and getting the money into your bank account.
Typical route:
STEEM/SBD → Exchange → USDT/USDC → Fiat → Bank
There can be losses from trading fees, spreads, withdrawal fees, fiat conversion and bank charges.
The main question
If you start with $1,000 worth of STEEM/SBD, approximately how much actually reaches your bank account?
📝 Please reply using this format:
** Country:**
** Asset:** STEEM / SBD
** Exchange:**
** Route:**
** Starting value:** $1,000
** Final bank value:** $_____
** Total loss:** _____%
Example:
Country: USA
Asset: STEEM
Exchange: Binance
Route: STEEM → USDT → USD → Bank
Starting value: $1,000
Final bank value: $970
Total loss: 3%
You don't need to share any private transaction details. Honest approximate numbers are perfectly fine.
I'd like to collect responses from different countries and see how much face value users actually lose when cashing out Steem.
🎁 I will also reward honest and useful answers with upvotes.
Let's see what the real numbers look like! 📊
Now you can play poker with steem, welcome to steem4poker
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Interesting Survey ! I will be monitoring responses
STEEM -> Binance -> Redot -> International Swift to Nepal . I would Normally Burn USD 15 in this process
I’m going to reblog and share this post because it’s interesting, and I’ve never actually done this calculation; I’ll have to bookmark the post so I can check the replies later.
https://x.com/metodologiaecs/status/2101169193802412234