Have you heard about the fantastic blogging platform named Steemit, powered by the Steem token? Are you already a registered user who wants to invest in the platform? Would you like to increase your “power” on the platform? Or would you just like to buy some Steem tokens and hope that they will increase in value and give you a nice interest? No matter what your motivation might be, I will show you how to buy Steem online in this article!
There are thousands of people using the Steem cryptocurrency every day as they transact on the blogging platform known as Steemit. Here anyone can publish content and comment on the content of others. Writers and curators are rewarded with Steem tokens for their job, and the more Steem tokens you own, the higher the rewards will be when you curate or vote for the content produced by yourself or by others. In other words, the Steem token will increase your power and your influence on the platform.
But, there are many people who don’t care about actually using the Steem token. Instead, they just want to buy it and hope that the price will increase. No matter what your motivation is, these are the best places to buy Steem tokens.
Buy Steem tokens on Binance
Binance is the most popular cryptocurrency exchange in the world. It has lots of fantastic tokens available, and you can easily add funds to the exchange through a bank transfer or you can add funds with your credit card. You can currently buy Steem tokens on Binance with Ethereum and Bitcoin (there are no USD or USDT options). This means that you will first have to buy Bitcoin or Ethereum, and then you can use those currencies to purchase Steem tokens. It is very easy!
Above you can see an image from the Binance interface. Here you can see the Steem/Ethereum trading pair, but from the highlights list to the right, you can also see the Steem/BTC trading pair.
The Steem token is incredible cheap to transfer, and very quick. It normally takes 30 seconds for a Steem transfer to succeed, and the price is close to nothing!
Buy Steem tokens on Poloniex
Poloniex is a very popular cryptocurrency exchange as well. You will find three Steem trading pairs on Poloniex, and they are somewhat different from the trading pairs on Binance. Here you can enjoy the Steem/BTC pair, but you can also buy steem with Tron (TRX) or with USDT. For those who like to trade and always use Dollar pairs, the USDT pair on Poloniex is very useful.
Poloniex is a very good exchange, but they do not have as many users as Binance and Bittrex. As a result, there isn’t that much volume (number of transactions) on the exchange. As a result, it might take longer time to buy or sell if you want to buy at current market price.
Buy Steem tokens on Bittrex
Bittrex is a very solid and trustworthy cryptocurrency exchange based in the USA. I like this exchange a lot, and it feels like one of the safest places to buy and sell crypto online. Bittrex only had a BTC/Steem pair and an ETH/Steem pair for a very long time, but in April 2021, they also added a Steem/USDT pair. As a result, you can now purchase and trade Steem directly with USDT, making it ideal for daytraders and those who don’t want to involve Bitcoin or Ethereum in their trading experience.
Bittrex is very easy to use and they also have many other interesting trading pairs available.
It is also important to mention that Bittrex has a SBD/BTC pair. This is very useful if you use the Steemit platform and earn SBD (Steem Dollar) tokens. You can then easily transfer them to Bittrex later and convert them to Bitcoin, and later to USDT if you want to.
Which is the best place to buy Steem tokens online?
Based on this, I believe Bittrex might be the best exchange currently for everyone actually using the Steemit platform. If all you want to do is to trade, then you can pick any of the three mentioned exchanges!
I hope you have found this article to be useful. If you have any comments or questions, please use the comment field. I would love to hear from you!