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.

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Steem (STEEM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow these easy steps)

Make sure you have selected the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find Steem (STEEM)

Once your deposit has been affirmed, you will directly have access to your funds and you can commence purchasing and trading. To purchase Steem (STEEM) on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To find Steem (STEEM), you'll need to insert the short name of the asset (STEEM) into the search-box, which is marked in the image. Make sure you have selected the proper pairing, we have highlighted this too. Click on “STEEM/BTC” to progress.

Step 4 – Buy Steem (STEEM)

Once you have found Steem (STEEM), you will be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent price Steem (STEEM) was sold for. This can be changed to your preferred price. The ”Amount” field is the quantity of STEEM you want to buy. The ”Total” field is the aggregated price in Bitcoin that you will pay for the complete volumen of STEEM.

When you are glad, make a mouse click on “Buy STEEM”. Your plan will be filled as soon as a Seller sells their STEEM for the price you introduced.

Step 5 – Withdraw Steem (STEEM)

Unless you're frequently trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer period of time. In order to withdraw your Steem (STEEM), go to the ”Funds” tab and click on “Withdraw”. Steem (STEEM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Find Steem (STEEM) by using the given drop-down box. Put into the quantity of Steem (STEEM) you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

If you are glad, click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.