RE: BlockTrades Update: New Cryptocurrency Accounting Steem

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BlockTrades Update: New Cryptocurrency Accounting Steem

in blocktrades •  7 years ago 

When I buy ETH at Coinbase for 500€, minus fees 488 are sent out - to BlockTrade to transfer ETH into STEEM, right after that my account is worth 510 USD, which means I lost about 60€ in fees - which is sheer robbery!

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The USD value reported by the steemit web pages are not based on current market value: it is a multi-day averaged value. In volatile cryptomarkets, the value that is reported is nearly useless, and I've suggested before they should report a more accurate value. To get a more accurate reading, you would be better off using the prices on coinmarketcap.com. You will find our rates are much better than what you thought based on the prices reported from steemit web site.