Saturday, February 24, 2018

Recap Of My Blockchain Experience (Steemit and

As per my earlier post (3 Sites/Apps That Will Earn You Trade-able Cryptocurrencies), if you are keen to get your hand with some cryptocurrencies but not prepared to invest/buy it from the exchange, you can participate in some of the blockchain projects and at the same time earn you some associated cryptocurrencies/tokens.

Today, I am going to share/recap my experience thus far with Steemit (decentralized social network) and (blockchain related campaigns/tasks)

For more details of what each of them, check out my earlier post here

I've joined the Steemit community since Sep 2017. In the initial few weeks, I did participate in posting/commenting quite regularly (almost everyday) but subsequently, I only post/comment as and went I feel like it (still doing it now).

So far, my earning of STEEM and STEEM DOLLARS (cryptocurrencies of Steemit) is about USD 43.69:   
FYI, I've not cash out the amount to my exchange yet.

I've joined since late Dec 2017 and effective only with the platform/app for 2 months. So, far, most of the campaigns/surveys received are related to ICOs (Initial Coin Offerings) and took more 1 or 2 minutes to complete each task. 

If you are interested to join this community, there is a need for you to create an account with Telegram (messaging service commonly used in ICO) and create a free ERC-20 compatible Ethereum Wallet like MyEtherWallet

So far, I've earned 0.0073 Bitcoins (about USD 71.36) :   

To test out their Cashout service, I've since cashout all the BTC to my linked Coinbase account (exchange) and it seems to work perfectly as I've received the following email immediately from Coinbase: 

Note: The BTC is slightly higher than the first image as I've since completed a couple more tasks before cashing out. Also, the transaction fee of 0.000076 BTC (about USD 0.80) is reasonable (initially I am expecting an higher fee). 

Do you have any experience in participating in the blockchain projects? What is your review? 


Exchanges that I am currently using:



  1. Thanks for sharing with us. I have a few questions.

    1) To cash out bitcoins, use Coinbase?

    2) From Coinbase how to transfer the money to our bank?

    3) Airdrop will deliver Ethers which we have to transfer to our Ether Wallet?

    1. Hi there,

      My answers as follow:
      1. Coinbase is one of the option, you can also cash out to your personal BTC wallet address. I use Coinbase since I have an active account there and easier for me to track my BTC Fund

      2. If you are using Coinbase, you can link your account with Xfers account (this is where you link your bank account).

      3. Yes, most of the airdrop are Ethereum based, hence you need an Ethereum wallet like MyEtherWallet.

      Hope I’ve answered your queries, feel free to drop me an email to if you need more details on using

    2. Thanks for your fast response. It has cleared my queries. I have just setup coinbase, Xfers and others. It is quite a tedious procedure.

    3. Ya.. due to the huge volume of new accounts registration, most exchange are having problem in clearing their verification, so, be patience!

      As for the laborious procedure, it is, but I think to look at it from another angle, it shows that the exchange/payment service provider is serious in adhering to the regulatory requirements and not anyhow accept the payment..


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