How to Cash out your Steemit Reward

I think that is a bad idea - withdrawing STEEM - unless you have a lot more than 500 SP.
Otherwise, it would be wise to let compounding work for you.

Please also see:

https://steemit.com/steemit/@freedomshift/is-it-time-to-exchange-eth-for-steem-eth-steem-ratio

I did the opposite to Power Up and I did Power Up to over 500 SP when STEEM dropped to a low.