One of My Favorite Exchange: Steem marketsteemCreated with Sketch.

in Best of India4 years ago

Hi friends, in my today post I tell you about the steam market. It's available for all with a friendly user interface.

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For exchanging our crypto assets we need an exchanger. Now in the market, we getting a lot of exchanges with different features. From this selecting a good exchange is very difficult.

I think a lot of people don't know about crypto trading before joining to steem platform. I am also one of those people, after joining here I start my crypto journey .

At first, I face a lot of issues with converting my STEEM and SBD to fiat. But slowly I learn a lot of things here.

For new users they facing a lot of issues for converting their SBD to STEEM. Because SBD listed in Two exchanges only Upbit and Bittrex, For exchange we need to create an account there. Those are very complex exchanges, for beginners very hard to understand. So we can swap our SBD to STEEM without any additional cost through the Steem market very easily.

Steem listed in 5 exchanges including Binance. Binance world no 1 exchanges and also supports all country currencies, transaction fees, and withdrawal fees are very low. From this, we get your fiat currency very easily.

For new users, they struck with their SBD convert, for this need we use the steam market.

Now I give a complete guide for how to convert our SBD to STEEM through steem Market from our wallet.

In mobile also we do very easily, all those transactions I do through my mobile now.

  • First sing in your steem wallet.

-Then go to your SBD, then click that arrow, now it shows a lot of options like Transfer, sell, buy, Transfer to savings, and market.

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From this select market

  • Here I swapping my SBD to Steem without any fee.

After clicking, this window will open.

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  • Here we see BUY and Sell Window
    In bellow, you see trade order details

  • Now go BUY table, here you can buy SBD by using your steem, or buy steem using SBD what you having your wallet.

  • Now I buying STEEM with My 24 SBD. For this, I getting around 140 steem. For this trading I don't pay any penny also, we do freely.

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  • That buying price automatically system adds as an average. If you wish you can ask your price also if anyone wishes to buy at your price that order executed.

  • In my trading, I fill with system price, then clicking buy option.

  • Again it shows another window for confirmation.

  • After confirming it, again it asks for your username and password ( Posting key, Owner key, or Main password), after giving your details, your trade executes.

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  • Your order full fill within a second, those added to your wallet. Check your wallet history, here you get all transaction details.

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Like that we can swap our SBD to STEEM. In the same process, we can convert STEEM to SBD also within a second.

This Steem market is very useful for new users, then can covert their SBD and STEEM for their needs very easily.

This Steem market is having some disadvantages too

Here we get can trade STEEM to SBD or SBD to STEEM, no other pairs available here.

Not possible to transfer our fiat currency directly.

Hope soon we see those features in this platform. If those features available then steemians don't lose their hard earnings in doing wrong transactions.

Some of my friends face this issue on transfer their earnings. For Steem address than given SBD address of the exchange, that's why he lost his money.

If the steem market has this facility to exchange our STEEM and SBD to fiat, then no one loses their earnings on doing wrong transactions.

I use this STEEM MARKET for my needs, I also recommend my friend to use this services.

This is my small review about Steem Market.

This post set to be 100% Power up.

Thanks for reading my post.

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After confirming it, again it asks for your username and password ( Posting key, Owner key, or Main password), after giving your details, your trade executes.

Yes, Private Active Key is required although you can also use the Owner key to perform this operation, it is always suggested to make use of Private Active Key for this operation. As far as possible Owner Key and Master Password should not be used.

Because SBD listed in Two exchanges only Upbit and Bittrex, For exchange we need to create an account there.

SBD is a beauty and unsung coin of this Blockchain, honestly, I want more promotion of this Coin, will be happy to see its listing in Binance one day. Our community strength can make that happen.

Thank you.

#twopercent #india #affable

Thanks for your suggestions,yes using Private Active key for our transactions is good choice it give protection from hacking.

I an also eagerly waiting for SBD list in Binance. Hope its happens soon.

Thanks for stopping my post.

#affable #india #twopercent.

Steem market is a great exchange too. I guess with your explanation it converts your SBD to Steem and vice versa.

It's limited to that trade. Supposing one wants to convert it to his or her local currency, they have to leave the steem market in order to do so.

❤️❤️❤️❤️
Becky

Yes using this possible to swap STEEM TO SBD ,or SBD TO STEEM. No Other options.

Is it possible to sell SBD to buy say Bitcoin or Bitcoin cash or ETH from this method?

Thanks for the guide :)

Hey @lavanyalakshman , do you know is there any chart one can use in order to analyse market movements within the prescribed steem market?

Check in coinmarketcap or coingeko,here we get historical price records.

Coin Marketplace

STEEM 0.17
TRX 0.15
JST 0.029
BTC 60973.26
ETH 2366.47
USDT 1.00
SBD 2.58