How to Buy STEEM (STEEM) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has STEEM, and is trustworthy!

You can find our top 3 exchanges for buying STEEM here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy STEEM

And of course, the final step is to find STEEM on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy STEEM (STEEM)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell STEEM

  1. Sign into the exchange
  2. Find where you stored your STEEM, either on a hardware wallet or on the exchange.
  3. Transfer your STEEM to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell STEEM.
Businessman looking at crypto trend

Considerations when looking to buy STEEM.

Steem, a community-focused blockchain, creates an immediate earning opportunity for its users. Customers can earn based on how valuable they are to the network. It was created to allow users to post content online and receive cryptocurrency payments.

This protocol is an open-source, incentive-based blockchain database that allows users interact with each other and earn in return. The network uses both cryptocurrency and social media technologies to offer value. It ensures fair treatment of contributors through a reward system that is reflective of each user's contribution.

Steemit, the first Steem-based app, launched July 4, 2016. This protocol is designed to bring value to its users in the following ways.

  • To provide thoughtfully selected news and commentary.
  • Create an opportunity to make a living.
  • It is a source of answers for users' questions.
  • Stable cryptocurrency that is tied to the USD

Many social media companies have made a lot of money from the content created by their users. Steem is unique because it rewards its users for their contributions to the platform.

The unique aspect of the network's blockchain-based technology is what makes it unique. It is therefore non-custodial, decentralized, and has no data abuse. The platform's data are also perfectly protected. Users are also paid in cryptocurrency for their participation on the platform.

Steem's core principle is that all those who contribute to a venture must be paid by their owners. This is similar to what startups do when they allocate shares during funding rounds. A second core belief is that Steem should serve its community by offering various financial services and opportunities.