A Step-by-Step-Guide on how to buy Steem (STEEM)
Step 1 – Join Coinbase and recieve 10$ for free You'll first need to buy units of the top-tier coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below to register and receive your welcome $10.
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Steem (STEEM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).
Step 3 – Find (STEEM) Steem As soon as your deposit has been verified, you will directly have access to your finances and you can launch purchasing and trading. To invest in (STEEM) Steem on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate (STEEM) Steem, you will need to put the short name of the asset (STEEM) into the search-box, which is marked in the image. Make sure you have choosen the proper grouping, we have marked this too. Click on “STEEM/BTC” to continue.
Step 4 – Purchase Steem (STEEM) As soon as you've spotted Steem (STEEM), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). For now we're creating our own Limit Order. The field with the “Price” tag will be filled with the up-to-date valuation Steem (STEEM) was traded for. You can change this to your desired rate. The field with the “Amount” tag is the quantity of STEEM you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the complete quantity of STEEM. When you are glad, click on “Buy STEEM”. Your plan will be filled when a Vendor sells their STEEM for the price you introduced.
Step 5 – Withdraw Steem (STEEM) Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. In order to take off your Steem (STEEM), hover over the tab called “Funds” and click on “Withdraw”. Steem (STEEM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Steem (STEEM) by using the provided drop-down box. Put into the amount of Steem (STEEM) you'd like to take off. Don't forget the presented minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.