I just heard about Steemit today and I am absolutely in love the idea of a social platform that works on cryptocurrency and gives back to the community!
I have a couple bucks stashed away for great opportunities like this. My question is, where do I buy and where do I sell steem? I'm getting massive FOMO vibes right now. Helpful questions will be fully appreciated (and sorry in advance for posting a nooby question like this )
you can go to wallet. here and buy it.. or on poloniex
Hey thanks for the quick repsonse, @boricuapr .
Thanks to these recent surges I think it's safe to say that this new concept of a social media will hit a boom of new users and reach critical mass.
I'll probably not sell too soon but if I will, where will I? And can I sell directly to $ or do I have to convert to BTC?
If you're starting out with fiat currency, the most simple and direct route is Coinbase -> Poloniex, then you can transfer your newly acquired STEEM to steemit.com if you wish.
Is Poloniex only for US citizens though?
Thanks for the quick reply!
That I'm not sure. But I have never given them my home address. Just an email address I believe.
i transfer my steem to bittrex and sell for bitcoin
Yeah, that's what I was thinking. I guess there's no way to get it directly to USD....for now atleast. I'm optimistic that the platform and community will grow and we will be able to do that in a couple months time :D
I use bittrex and coinbase. Some use poloniex but they lost my steem dollars 3 times after I transferred it from steemit to them. They are so slammed with traffic that customer service is slow and takes far too long to help. Bittrex transferred my steem really fast and reliably. Then then transferred my btc to coinbase fast so I could sell it for dollars.