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.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your Ethereum or Bitcoin will need to be sent over to an Crypto Trader 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 example. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you have selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum 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 unlike (Just follow these easy steps).
Step 3 – Locate Steem (STEEM) Once your deposit has been affirmed, you will immediately have access to your assets and you can initiate purchasing and trading. To buy Steem (STEEM) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To spot Steem (STEEM), you will need to insert the cointype (STEEM) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have highlighted this too. Click on “STEEM/BTC” to continue.
Step 4 – Purchasing Steem (STEEM) Once you have located Steem (STEEM), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our own Limit Order. The ”Price” field will be automatically filled with the most latest rate Steem (STEEM) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of STEEM you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole amount of STEEM. If you are glad, click on “Buy STEEM”. Your order will be filled when a Vendor trades their STEEM for the price you introduced.
Step 5 – Withdraw Steem (STEEM) Unless you're trading, you should never keepyour crypto on an Crypto Trader for an extended time frame. To withdraw your Steem (STEEM), hover over the tab called “Funds” and mouse click on “Withdraw”. Steem (STEEM) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Steem (STEEM) by using the provided drop-down box. Put into the quantity of Steem (STEEM) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your right withdraw address. If you're glad, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.