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RE: ❓Answering Common Questions: How do I spend money from my Steemit wallet? 💲

in #steem-help7 years ago

You're doing a great service for newbies like me. How can I transfer STEEM from another exchange (Binance in this case) to my Steemit wallet?
Thanks for your valuable time and knowledge.

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It's a little different for each exchange, but generally just having the buttons in different spots...though the general idea is still the same. I'm not on Binance myself, but I'd assume they have a spot that lists all their currencies, has a deposit and withdraw button/link for each. You'd just click the withdraw link for Steem and in the form, put your steemit name (without the @) into the address and put in the amount to transfer. Generally from what I've seen, memo's aren't required when sending from an exchange to Steemit.

This guide shows most of this in Steps 3 and 4 (just to Steem instead of LTC in their example.)

Thanks again for your help. I have very little in the Binance exchange, so I'm going to adopt BlockTrades instead. I use Coinbase for cashing in/out of my bank.

No problem. :)
I've mainly used blocktrades, poloniex (much better now that everyone left for bittrex, lol) and coinbase myself. Upside of this is that I've written my guides using these three. :)

I did go to Binance and exchanged my STEEM for Bitcoin, but I'm so "small" on Binance that I have insufficient funds for withdrawal. I put about $30 in Binance to safely teach myself how to trade obscure cryptos. I'm happy that my small "tuition" paid to Binance helped me get educated with the process, and now I have multiple "microbalances" there that could appreciate in value.