A Step-by-Step-Guide on how to buy Steem (STEEM)
Step 1 – Signup to CEX.io You'll first need to purchase one of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and getting Ethereum or Bitcoin.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Steem (STEEM) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (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 assets and you can initiate purchasing and trading. To invest in (STEEM) Steem on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. To find (STEEM) Steem, you will need to put the short name of the asset (STEEM) into the search box, which is marked in the image. Be certain of having choosen the right grouping, we've marked this also. Click on “STEEM/BTC” to advance.
Step 4 – Purchasing Steem (STEEM) As soon as you have spotted 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 making our own Limit Order. The ”Price” field will be filled with the up-to-date price Steem (STEEM) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the amount of STEEM you want to buy. The field with the “Total” tag is the whole price in BTC that you'll settle for the whole amount of STEEM. If you are satisfied, click on “Buy STEEM”. Your plan will be filled when a Vender trades their STEEM for the price you gave.
Step 5 – Withdraw (STEEM) Steem Unless you're trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. In order to take off your (STEEM) Steem, go to the ”Funds” tab and click on “Withdraw”. (STEEM) Steem can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (STEEM) Steem by using the provided drop-down box. Put into the volumen of (STEEM) Steem you would like to take off. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address. If you're happy, click “Submit”. You could be requested for email/phone verification before a take off.