How to use STEEM

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STEEM can turned be into STEEM Power (SP) by powering up in your steemit wallet or cli_wallet. It can also be turned into Steem Dollars (SBD) by using the market option in the steemit wallet. In order to do so, the Steemian must click on the STEEM amount.

STEEM and Steem Dollars can be transfered to other user accounts. This enables you to send funds to friends, donate to causes or pay for goods.

They can also be sent to cryptocurrency exchanges such as Bittrex or Poloniex (Bittrex.com; Poloniex.com) and then exchanged into Bitcoin (BTC). Once exchanged into Bitcoin, it can be further exchanged for other cryptocurrencies or fiat currencies, such as USD, GBP, EUR, CNY, and RUB.

Turning STEEM into STEEM Power (powering up)

You can turn STEEM into STEEM Power (SP) by powering up. More STEEM Power gives you more voting influence. i.e. your vote gives more revenue.

STEEM Power is locked (Vest) as STEEM Power until you power down. Power down takes 3 months and is released back to you in the form of STEEM. It is released in 13 week increments.

To turn your STEEM into STEEM Power using your Steemit wallet : Go to Wallet. Click on your STEEM amount and select 'Power up'. Enter the amount you want to power up and click 'Power Up'.

Send/transfer STEEM or Steem Dollars

To send STEEM or Steem Dollar (SBD) to another user: Go to your wallet in Steemit.

Click on your STEEM or Steem Dollars amount (right hand side of page)then in the box select 'transfer'

In the 'to' field enter the name of the recipient. You can also add a message in the memo field.

If you are transfering to an exchange, e.g. Bittrex, you would enter bittrex in the 'to' field. You would also enter a memo given to you on the Bittrex site. This memo serves as a unique identifier for your Bittrex wallet.

When you have entered the details click submit.

If you then scroll down the wallet page you will see details of the transaction you just made in your wallet history.

STEEM and Steem Dollars Exchanges

Merchants accepting STEEM or Steem Dollars


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