how to buy Steem Dollars coin

How to Buy Steem Dollars Right Now

In this article, we will show you how to buy Steem Dollars easily. By the end of this article you would learn how to buy SBD with USD, BTC or ETH. Keep reading.

Table of Contents:

  1. What is Steem Dollars? Our review
  2. Current prices
  3. Where to buy SBD
  4. How to safely store SBD
  5. Frequently asked questions

Current Steem Dollars Price Stats

SBD Price $8.0196 USD
Price Change24h $0.2526 USD (3.25%)
24h Low / 24h High $7.4783 / $9.1793 USD
Trading Volume24h $2,665 USD
MarketCap $62,541,580 USD

What is Steem Dollars? A Review

Steem Backed Dollars or simply Steem Dollars are stable value pegged assets issued in the platform. SBD are pegged to the value of the USD and can be redeemed on the platform for about one dollar worth of Steem. When Content creators receive rewards on the platform they are made available in 50% Steem Power, which can be redeemed continuously over a period of 104 weeks, and 50% SBD which can be fully redeemed for Steem in a 5 day period. SBD can also be transfered on the Steem Platform and can be exchanged outside of the Platform. 

how to buy Steem Dollars

Where and How to Buy Steem Dollars (SBD) Coin

There are 3 steps to purchasing Steem Dollars. They are:

  1. Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase SBD directly with USD. They are: .
  2. Move the Bitcoin to an Exchange that supports SBD: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the SBD/BTC trading pairs.
    At the moment, SBD is currently available for purchase with Bitcoin at BitTrex, Upbit, HitBTC, .
  3. Buy Steem Dollars on the Exchange: Now, you can buy Steem Dollars with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different SBD pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.

USD Exchanges

Exchange Trade Pair Volume Exchange Grade

Bitcoin Exchanges

Exchange Trade Pair Volume Exchange Grade
BitTrex SBD/BTC 0.5166 BTC A
Upbit SBD/BTC 0.0652 BTC BB

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade

How to Safely Store Steem Dollars Crypto

Once you buy Steem Dollars, the next question you'd have is "where do I store my Steem Dollarss?". It is quiet easy to store your Steem Dollars tokens after purchase. In fact there are two easy methods of doing so:

  1. Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
    Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Steem Dollars. If Steem Dollars is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto.
  2. Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Steem Dollars for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.

Reported Issues

Frequently Asked Questions

Question Answer
Where can I buy SBD with Dollars (USD)? You can buy Steem Dollars (SBD) with U.S Dollars on .
Where can I purchase SBD with my Bitcoin (BTC)? As of today, you can buy Steem Dollars with Bitcoin on any of the following exchanges: BitTrex, Upbit, HitBTC, .
I have Ethereum. Where can I buy SBD with ETH? Steem Dollars is available for purchase using ETH on these Crypto exchanges: .
How much is Steem Dollars? Right now, the price of SBD is $8.0196.
Is Steem Dollars Crypto a good Investment in 2021? Our analysis shows a possible all time high of $12.9776. So yes. SBD is a good investment.

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