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RE: How to Transfer Steem from Binance to Steemit 🤔

in #steem • 6 years ago

How did the cost of STEEM compare to buying it via other alternatives? I see Blocktrade being the alternative but they do not quote it before buying so it feels like I am buying blindly.

6 years ago in #steem by
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     6 years ago 

    Great question! I was trading BNB for Steem but I can't remember the exact conversion. But what I do on BlockTrades is I always look at the price of 1 Steem compared to the crypto I'm using to buy it. So let's say I'm buying with ETH. I put in one Steem on the Receive end of Blocktrades and see how many ETH that takes. Currently it's 0.004014701670574086 ETH...

    Screen Shot 2018-06-07 at 10.33.18 AM.png

    Then I go over to CoinMarketCap's Crypto Calculator to determine what that amount of ETH is worth...

    Screen Shot 2018-06-07 at 10.33.10 AM.png

    So currently, BlockTrades is selling 1 Steem for 2.44 USD worth of ETH. A little time-consuming but worth it if you want to know the price you're paying. 😁

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     6 years ago 

    Awesome! Thanks for the info!

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       6 years ago 

      You're welcome. And btw, you also won the random comment pick from this post which means you'll have an upvote coming soon from the @brandonfrye upvote bot! :)

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