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RE: Steemit - Social Media of the Future and the Limitless Growth Potential of SBD and STEEM
I am trying to move to a new level of experience with Steemit, so I am learning how to programme in Python. Programmers have a privileged position in blockchain based applications, I believe.
Here´s a question. I have never bought any cryptos, and I want to buy some steemit, as investment and to increase my voting power. I really do not know how to do that. If you could give me any hint or reccomendation, I would very much appreciate it.
You will need to sign up with an exchange, where you can then buy STEEM. After transferring the STEEM to your Steemit account, you can power up your account by turning the STEEM into Steem Power (SP) which gives your votes more weight.
It is not easy to get from fiat onto an exchange. The most common method is either through Tether, or by buying Bitcoin from somewhere and moving that onto the exchange.
I buy bitcoin on Coinbase so that I can use it in other places if need be; It lets you purchase BTC, ETH and LTC with USD which as @dutch pointed out is difficult in most places. Then you can use something like ShapeShift.io to send some "ETH" to your Steem wallet address; which you'll find in your wallet -- You'll find your steem wallet and can easily 'shape shift' money from your Coinbase wallet, to your Steem Wallet; you can also buy Steem from an Exchange as well; I use Bittrex but there are a few other trusted sources that people on here like to use as well.
Thank you very much. So Coinbase it is. It looks to me that coinbase is not an exchange, and Bittrex is. What would be the difference?