Top Places To Sell Steem (STEEM) With User Reviews
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Where can you sell Steem (STEEM) in 2024?
"Where can you sell Steem (STEEM)" is a topic that appeals to a broad audience in the cryptocurrency community, particularly those interested in the intersection of social media and blockchain technology. This comprehensive, SEO-optimized article is intended for a cryptocurrency review website, offering readers a thorough guide on how to sell Steem, as well as an in-depth look at the cryptocurrency's origins, technological underpinnings, and its unique niche in the digital currency ecosystem.
Introduction to Steem (STEEM)
Steem is a pioneering blockchain platform that redefines social media interaction by integrating cryptocurrency incentives. Launched in 2016, Steem powers several blockchain-based social media platforms like Steemit, allowing users to earn the platform's native cryptocurrency, STEEM, through content creation and curation.
The Technology Behind Steem
At the core of Steem's innovative approach is a blockchain system designed to support social media applications. Unlike traditional blockchains, Steem's unique algorithm rewards users for contributing valuable content and engaging with the community, thus promoting a vibrant and active ecosystem. The platform's use of delegated proof-of-stake (DPoS) consensus mechanism ensures efficiency and speed, setting it apart in the blockchain landscape.
Where to Sell Steem
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Cryptocurrency Exchanges: The most common method to sell STEEM tokens is through cryptocurrency exchanges. Popular platforms such as Binance, Huobi, and Bittrex offer STEEM trading pairs with cryptocurrencies and fiat currencies. These exchanges are known for their liquidity, comprehensive security measures, and user-friendly interfaces.
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Peer-to-Peer (P2P) Platforms: For those who prefer direct transactions, P2P platforms offer an alternative. These platforms facilitate trades between individuals, providing more control over the terms of the sale and potentially lower fees.
Trading Strategies for Steem
Trading STEEM successfully requires an understanding of the market dynamics specific to social media-driven cryptocurrencies. Staying informed about the latest developments within the Steem ecosystem, as well as general trends in the crypto market, can aid in making strategic trading decisions.
Steem's Unique Position in the Cryptocurrency World
Steem has carved out a unique niche in the cryptocurrency world, combining blockchain technology with social media. Its emphasis on content creation and community engagement has not only expanded the use cases of blockchain but also opened up new avenues for monetizing online content.
Conclusion
Selling Steem (STEEM) is more than just knowing the right platforms; it involves understanding the cryptocurrency's role within the broader context of the Steem ecosystem, its technological framework, and its impact on the fusion of social media and blockchain. A well-informed approach to selling, backed by an understanding of Steem's market and technological innovations, is essential for navigating the STEEM marketplace effectively.
When choosing a platform to sell Steem (STEEM), consider its user rating.
Make a conscious choice when choosing a platform. Study the company page on our website,
read user reviews and draw conclusions whether you should use this service.
There are a lot of scams in the field of cryptocurrency.
Taking into account the reputation of the service when choosing a place to sell Steem (STEEM)
is absolutely necessary if you do not want to lose your investment.
34 company
HitBTC Cryptocurrency Exchange is a platform created in 2013 that allows you to trade more than 300 cryptocurrency pairs. The platform was launched back in 2013 and the investments it received amounted to about 6 million dollars.
Binance is currently one of the biggest and most popular cryptocurrency exchanges. Originally coming from Hong Kong, the company has recently moved its headquarters to Malta. Back at the beginning of its path the company had an ICO and gathered 15 mln USD. Participants got Binance Coin (BNB) which could be used to trade cryptocurrencies and pay for a fee on Binance exchange.
Coinbase is a leading digital currency platform and wallet where sellers and buyers can transact with new types of digital currencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange was founded by Brian Armstrong and Fred Ehrsam in 2012 and is based in San Francisco, California. They focus on the US market, however, the company currently operates in 31 countries and offers storage of bitcoins in 190 countries around the world.
Bithumb is a cryptocurrency exchange that is based in Seoul, South Korea.
The platform was founded in 2013. It allows users to buy, sell, and store various cryptocurrencies.
In South Korea, Bithumb is one of the largest exchanges, and it boasts some of the biggest crypto trading volumes.
Coinspot wallet is a special service provided by Coisnpot exchange. It provides a hot wallet for every coin its exchange is currently trading. Alongside with crypto, it also supports the Australian Dollar. Currently ,CoinSpot wallet has more than 60 coins and tokens. Built-in exchange is an additional feature of the wallet as well as 2FA for the additional security. The only language available is English.
Abra is the investment product and a mobile crypto wallet that can be used on both Apple and Android platforms. Abra supports cash-out transactions as well as bank transfers.
Allcoin is a Centralized cryptocurrency exchange based in Canada. The exchange was launched in 2013. Allcoin has 59 available trading pairs and 25 coins. Deposits are Free on the exchange. Margin trading option is not available. It supports trading of Bitcoin, Ether and its own equity coin Qtum against the USD. Like many other not regulated exchange Allcoin isn’t allowed in some countries like Africa, South America and the USA. The Allcoin’s strongest point is its trading fees for takes, which is claimed to be 0.00%.
Altcoin Trader is a Centralized cryptocurrency exchange based in South Africa. The exchange was launched in 2014. Altcoin Trader has 20 available trading pairs and 21 coins. The exchange uses the Ordinary procedure for verification including two-step verification process and Know Your Customer (KYC) procedure. If you want to raise the account limits and minimize processing time you must go all the way, uploading ID card, proof of residence, etc.
Bitso is the first exchange to enable pesos/BTC trading in Mexico. Although, BTC has a limited book and can’t buy or sell BTC directly. The exchange has a mobile app on Android and IOS , API and the cold storage. Bitso provides a great support for their traders and offers different educational materials for the new investors.
But at same time platform doesn’t have the margin trade and has the variable fees from a maximum of 1% to a minimum of 0.1%. The platform has a good security. Bitso initiates the KYC involving three levels of verification, which determine the limits on a trading account.
On Jan 15, 2020 CODEX exchange was closed. The announcement for closing business was published in advance so that the exchange’s customers were able to withdraw their funds. The reason why CODEX stopped its operation is changes in the European regulations.
Coinall is a Malta-registered exchange and a strategic partner of OKEx. The exchange offers multiple pairs for trading, including stablecoins and quality tokens.
CoinEx exchange was established in 2017 in Hong Kong. The platform can be used as a low-cost exchange with a broad range of different coins. The main asset is Bitcoin cash. Moreover, there is information that this exchange is going to present its new coin soon. It might be called CoinEx Token. Besides, the developers of CoinEx can establish a special exchange with the decentralized system using CET as “gas”.
Coinfloor is a UK-based peer-to-peer marketplace exchange which provides an opportunity to buy and sell BTC. It was founded in 2013. The exchange has a simple interface and a mobile app. Coinfloor guarantees 100 % cold storage of trader’s funds. BTC deposits are free of charge but at the same time there is a minimum allowed deposit amount.
Coingi was launched in early 2017. It is known that the platform maintains such coins as Bitcoin, Dash, Dogecoin, Litecoin, Namecoin, Peercoin, Vertcoin. Both deposit and withdrawal operations in Czech Koruna are free of charge.
CoinSpot is one of the most popular cryptocurrency exchanges in Australia. The platform was founded in 2013 in Melbourne and it is one of Australia's earliest cryptocurrency exchanges. Its easy-to-use interface is like a breath of fresh air that shows other exchanges what to look up to.
The most difficult thing is to decide which cryptocurrency to buy and how much money to invest since CoinSpot truly has the most full list of crypto assets to trade. The process of buying and selling is actually very simple.
DDEX uses a hybrid model decentralized exchange, where no user account is created. It also describes itself as a most advanced margin trading platform on Ethereum.
Dex.top is a decentralized cryptocurrency trading platform offering trading with smart contracts (including but not limited to Ethereum, EOS and NEO). The platform describes itself as World’s First Multi-Chain Decentralized Exchange and claims to have top volume among other decentralized exchanges.
Site:
dex.top
Launched:
2018
Gate.io was founded in 2013 by Lin Han. The platform is operated by Gate Technology Incorporated. This year, April 17, Gate.io managed to raise raised $64,000,000 as an initial coin offering (ICO), and according to exchange CMO Mrs. Marie Tatibouet on April 8, 2019, it raised an undisclosed amount of capital from 5 BLOCKS CAPITAL.
Hotbit is one of the youngest exchanges opened in early 2018. The exchange does not work with fiat currencies. Hotbit has also adopted some advanced technologies such as GSLB, distributed server clusters, and storage. It goes with a high-speed memory-based trading engine all backed up in multiple machines, cold storage locations, and hot wallets with offline private keys.
Huobi is a cryptocurrency exchange founded in China in 2013. Currently, Huobi is based in Singapore because this country has friendlier cryptocurrency regulations. The company is registered in Seychelles. Before leaving China due to a cryptocurrency ban, the exchange was responsible for 90% of Bitcoin trading volume in this country. Now Huobi is an international platform with offices located in Singapore, Hong Kong, the United States, Japan, and Korea. In China, the company provides blockchain consulting services. Huobi has sub-exchanges: Huobi Korea, Huobi US, etc. Huobi Global is the biggest Huobi exchange. In November 2019 Huobi Global had to shut down all the accounts belonging to the US customers due to strict cryptocurrency regulations of the USA.