This is my first time I made successful transaction through SteemConnect. Today, as usual after placing SBD amount and wallet address on Quick Trade page of blocktrades when I pressed “Get Deposit Address” button I found some new procedure to follow which I never used before. The page showed two tabes – SteemConnect and Manual Transfer. Manual Transfer is the old procedure that we have used before to make transaction. But now Steem users have to use SteemConnect to make safe transaction.
This new procedure is introduced to reduce the error that steem users have often made while transferring their Steem or Steem Dollar to Blocktrades. To copy wrong deposit memo was natural that most steem users have done while transferring their fund to blocktrades. Making transaction through SteemConnect is error free, secured and you don’t require any deposit memo. The fund will automatically transferred to blocktrades after logging in SteemConnect using steem login credentials.
Manual Transfer is still to be used while transferring fund from any exchange. In case of Manual Transfer you still have to follow old procedure and use deposit memo to make the transaction. When I came to know about it I emailed to blocktrades to know how to use SteemConnect. They send a link https://steemit.com/blocktrades/@blocktrades/blocktrades-simplifies-buying-from-your-steem-account where you get all the details. Today, I have already made a transaction through SteemConnect and it was successful.
This snapshot is taken by me
To make transaction through SteemConnect, you have to visit Quick Trade page of blocktrades and place the amount which you want to transfer and give wallet address and then press “Get Deposit Address”. You will see two tabs – SteemConnect and Manual Transfer. By default you will land on SteemConnect page. Just place your steem user id without “@” before your user name and click on “Transfer Using SteemConnect”. After clicking, it will take you to SteemConnect site where you have to press Confirmation tab and log in SteemConnect using steem login credentials. Once you press log in button, the amount will be transferred to blocktrades.