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 – Transfer Your Funds to an Crypto Exchange

Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Steem (STEEM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this how-to)

Make sure you have selected the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so forth. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Steem (STEEM)

Once your deposit has been affirmed, you'll now have access to your finances and you can launch buying and trading. To invest in Steem (STEEM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find Steem (STEEM), you will need to put the short name of the asset (STEEM) into the search-box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this also. Click on “STEEM/BTC” to go ahead.

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

After you have discovered Steem (STEEM), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). Next we're going to create our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent rate Steem (STEEM) was sold for. You can change this to your preferred price. The field with the “Amount” tag is the volumen of STEEM you want to buy. The ”Total” field is the aggregated price in BTC that you will settle for the complete amount of STEEM.

When you're satisfied, click on “Buy STEEM”. Your plan will be filled as soon as a Vender trades their STEEM for the price you offered.

Step 5 – Withdraw Steem (STEEM)

Unless you are regularly trading, best advise is not to keep your coins on an Exchange for an longer period of time. To take off your Steem (STEEM), hover over the ”Funds” tab and mouse click on “Withdraw”. Steem (STEEM) can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Steem (STEEM) by using the given drop-down box. Enter the amount of Steem (STEEM) you would like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your correct withdraw address.

When you're glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.

Binance Withdraw

Congratulations! You have successfully bought and safed Steem (STEEM).

That's it!

Take offs from Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you have proved your take off using Etherscan.io or Ethplorer.io and the (STEEM) Steem is stored inside your wallet, you're all done.

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