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 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Steem (STEEM) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Steem (STEEM) As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can initiate buying and trading. To invest in Steem (STEEM) on Binance, you will want to hover over the tab which is called “Exchange” and after that 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 graphic. Be certain of having selected the correct grouping, we have marked this too. Click on “STEEM/BTC” to continue.
Step 4 – Buying Steem (STEEM) Once you have located Steem (STEEM), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the image). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the most recent rate Steem (STEEM) was traded for. This can be changed to your desired price. The ”Amount” field is the volumen of STEEM you wish to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the complete volumen of STEEM. When you are glad, make a mouse click on “Buy STEEM”. Your order will be filled when a Vendor sells their STEEM for the price you gave.
Step 5 – Withdraw Steem (STEEM) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extended period of time. To take off your Steem (STEEM), hover over the tab called “Funds” and click on “Withdraw”. Steem (STEEM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Steem (STEEM) by using the given drop-down box. Put into the quantity of Steem (STEEM) you would like to take off. Take into account the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.