#Promo-Steem || Steem Price, News and Analysis (STEEM)

in #promo-steem5 years ago (edited)

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Steem (STEEM) Frequently Asked Questions

What exchanges can I buy or trade Steem on?

Steem can be purchased or sold on the following cryptocurrency exchanges: Bithumb, Binance, Bittrex, Upbit, Huobi, Poloniex, OpenLedger DEX, GOPAX, HitBTC and RuDEX.

How do I buy Steem?

It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Steem.

Where can I get Steem wallet?

Steem produces its own wallet software that is available for download on its website, which allows you to store Steem on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Jaxx or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of Steem?

One Steem (STEEM) is currently worth $0.34 on major cryptocurrency exchanges. You can also exchange one Steem for 0.00008513 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Steem in U.S. dollars is $103.31 million.

What hashing algorithm does Steem use?

Steem is a proof of work (PoW) coin that uses the SHA-256 algorithm.

How do I mine Steem?

Steem and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Butterfly Labs, Canaan (AvalonMiner), FutureBit and GridSeed. ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

What coins are similar to Steem?

The following coins use Steem's SHA-256 algorithm and proof of work (PoW) proof-type: Bitcoin, Bitcoin Cash, Unobtanium, Counterparty, Namecoin, Crown, Terracoin, CHIPS, ATBCoin, UnbreakableCoin, Zetacoin, Titcoin, Dollarcoin and SoonCoin.

What is the Reddit page for Steem?

The official Reddit community (subreddit) for Steem is r/steemit.

MarketBeat Community Rating for Steem (STEEM)
Community Ranking: 2.0 out of 5
Outperform Votes: 140 (Vote Outperform)
Underperform Votes: 215 (Vote Underperform)
Total Votes: 355

MarketBeat's community ratings are surveys of what our community members think about Steem and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.

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Hi, @andestra!

You just got a 4.35% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.

Steem is DPoS, Delegated Proof of Stake, kindly check your information, starting from;
What hashing algorithm does Steem use?.....

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