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 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Steem (STEEM) is available on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you've selected the right coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be different (Follow our how-to).

Step 3 – Find Steem (STEEM)

Once your deposit has been affirmed, you'll directly have access to your finances and you can start buying and trading. To purchase Steem (STEEM) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”.

To spot Steem (STEEM), you will need to insert the short name of the asset (STEEM) into the search box, which is highlighted in the graphic. Make sure you have choosen the correct grouping, we've highlighted this also. Click on “STEEM/BTC” to progress.

Step 4 – Buying Steem (STEEM)

As soon as you've located Steem (STEEM), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be filled with the most latest valuation Steem (STEEM) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the quantity of STEEM you like to purchase. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of STEEM.

When you are satisfied, click on “Buy STEEM”. Your order will be filled when a Vender trades their STEEM for the price you introduced.

Step 5 – Withdraw Steem (STEEM)

Unless you're frequently trading, never keep your coins on an Exchange for an extensive period of time. 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 provided drop-down box. Drop in the volumen of Steem (STEEM) you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your right withdraw address.

When you are satisfied, click “Submit”. You could be asked for email/phone verification ahead of a take off.