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RE: Advice About Ionomy

in #thealliance4 years ago

Hi! Yes, I know I can do it from Kraken as I did it a couple of years ago. Would I have to send my Steem to Ionomy to convert and then on to Kraken once it is converted to Bitcoin? I can't send directly to Kraken. Last time I used Blocktrades, but they don't handle Steem anymore.

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I’m thinking you would have to do all the KYC stuff on ionomy before withdrawing to $. So using Kraken may be your best bet. If you use simpleswap.io (no account required), you should be able to get it over to Kraken. It will swap from steem to btc automatically.

Thanks for your responses. I'm a bit naive about all the terminology,I'm afraid. What is KYC? I think that Steemscan was set up like simpleswap too then, as there was no account required. Are they safe? have you tried them?

I just had a look at simpleswap and it does look easy - too good to be true maybe? So, I just enter my BTC wallet address on Kraken and it will convert to BTC and go directly there? Do they charge a big fee?