How to Buy Steem (STEEM)

A Step-by-Step-Guide on how to buy Steem (STEEM)

Step 1 – Signup to Kraken

You'll first need to purchase units of the top-tier currencies. Exchanges usually accept either Bitcoin or Ethereum in exchange for alternative Coins. Click the button below for registration and getting Ethereum or Bitcoin.

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange

Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Steem (STEEM) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps)

Make sure you have chosen the exact coin you want to deposit.

BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Find Steem (STEEM)

As soon as your deposit has been affirmed, you will directly have access to your funds and you can initiate buying and trading. To buy Steem (STEEM) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”.

In order to spot Steem (STEEM), you will need to put the cointype (STEEM) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this also. Click on “STEEM/BTC” to continue.

Binance Hot To Buy Steem (STEEM)
Binance How to Buy (STEEM) Steem
Step 4 – Acquisition of Steem (STEEM)

After you have found Steem (STEEM), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we're going to create our own Limit Order.

The ”Price” field will be filled with the most recent rate Steem (STEEM) was traded for. This can be changed to your preferred rate. The ”Amount” field is the amount of STEEM you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of STEEM.

If you're happy, click on “Buy STEEM”. Your order will be filled when a Seller sells their STEEM for the price you introduced.

Step 5 – Withdraw Steem (STEEM)

Unless you are frequently trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive period of time. In order to take off your Steem (STEEM), go to the tab called “Funds” and mouse click on “Withdraw”. Steem (STEEM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Steem (STEEM) by using the given drop-down box. Put into the quantity of Steem (STEEM) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

When you are glad, click on “Submit”. You could be asked for verfication via phone/email ahead of a take off.

Binance Withdraw

Congratulations! You've successfully purchased and stored Steem (STEEM).

That's it!

Withdrawals from Exchange can durate between 1 – 30 minutes (rely on network usage). Once you have confirmed your take off using Etherscan.io or Ethplorer.io and the (STEEM) Steem is stored in your wallet, you are done.
/* */ Generated by MPG