how to buy Steem coin

How to Buy Steem Right Now

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

Table of Contents:

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

Current Steem Price Stats

STEEM Price $0.3799 USD
Price Change24h $-0.0241 USD (-5.96%)
24h Low / 24h High $0.3746 / $0.4173 USD
Trading Volume24h $2,678,069 USD
MarketCap $146,131,392 USD

What is Steem? A Review is a blockchain-based social media platform where anyone can earn rewards by posting relevant content, curating quality content by upvoting and by holding Steem based currencies in a vest fund, which generates interest.There are three main currencies in Steemit: Steem, Steem Power (SP) and Steem Backed Dollars (SBD).Steem is liquid and can be bought in an exchange and converted into steem dollars or steem power.Steem Power is basically Steem that is locked in a vesting fund for 3 months. Users can use steem power to upvote content and get curating rewards.When a user upvotes content his steem power gets depleted and then slowly regenerated. Steem Power holders recieve interest from their holdings. The more Steem Power a voter has the more revenue he'll generate for himself (in form of SP) and for the content creator  (In SBD).There is also an incentive to upvote content early, as the rewards are distributed according to time. The earliest votes gets the biggest share of the reward.Steem Backed Dollars are there to protect content creators from volatitlity and can be traded for roughly 1 usd worth of steem, in order to cash out from steem. Converting Steem backed dollars into STEEM takes 5 days. Users also recieve interest from holding SBD. TSteem is a proof of work currency with a scheduled blocktime of 3 seconds. Steem PoW mining is done in rounds of 63 seconds by 21 miners (witnesses). 19 of the miners are pre voted, one is the other with the most computational power, and the last one is selected from a queue of witnesses that did not get on the top 19 voted witnesses.90% of the block reward is allocated to a vest fund to reward curators and PoW miners, the other 10% are made liquid in the form of steem and are used to reward content creators. Steem gets converted to Steem Backed Dollars and sent to the content creator. 

how to buy Steem

Where and How to Buy Steem (STEEM) Coin

There are 3 steps to purchasing Steem. 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 STEEM directly with USD. They are: .
  2. Move the Bitcoin to an Exchange that supports STEEM: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the STEEM/BTC trading pairs.
    At the moment, STEEM is currently available for purchase with Bitcoin at Binance, HuobiPro, huobikorea, Binance, BitTrex, HuobiPro, Poloniex, Upbit, HitBTC, huobikorea, probit, .
  3. Buy Steem on the Exchange: Now, you can buy Steem with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different STEEM 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
Binance STEEM/BTC 16.1949 BTC A
BitTrex STEEM/BTC 1.2543 BTC A
HuobiPro STEEM/BTC 0.7829 BTC A
Poloniex STEEM/BTC 0.2178 BTC A
Upbit STEEM/BTC 1.1539 BTC BB
huobikorea STEEM/BTC 0.5153 BTC B
probit STEEM/BTC 0.0387 BTC C

Eth Exchanges

Exchange Trade Pair Volume Exchange Grade
Binance STEEM/ETH 126.5505 ETH A
HuobiPro STEEM/ETH 15.1156 ETH A
huobikorea STEEM/ETH 13.7448 ETH B

How to Safely Store Steem Crypto

Once you buy Steem, the next question you'd have is "where do I store my Steems?". It is quiet easy to store your Steem 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. If Steem 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 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 STEEM with Dollars (USD)? You can buy Steem (STEEM) with U.S Dollars on .
Where can I purchase STEEM with my Bitcoin (BTC)? As of today, you can buy Steem with Bitcoin on any of the following exchanges: Binance, BitTrex, HuobiPro, Poloniex, Upbit, HitBTC, huobikorea, probit, .
I have Ethereum. Where can I buy STEEM with ETH? Steem is available for purchase using ETH on these Crypto exchanges: Binance, HuobiPro, huobikorea, .
How much is Steem? Right now, the price of STEEM is $0.3799.
Is Steem Crypto a good Investment in 2021? Our analysis shows a possible all time high of $1.0762. So yes. STEEM is a good investment.

Search for another Coin