How to buy Electroneum from STEEM/SBD

in cryptocurrency •  7 years ago  (edited)

Electroneum was the first ICO I joined, since I saw a lot of potential in this coin, and I was right since its price has jumped to 12 cents now from its initial 1 cent, and even less if like me, you bought it with bonus. Electroneum's team is now planning to list it on popular exchanges, such as Binance, Bittrex and Poloniex. And once they successfully do so, I think its price will skyrocket.

So, its a good time to buy Electroneum before it hits these popular exchanges. At the moment, it is only available on Cryptopia. Now, how can you buy Electroneum from STEEM/SBD when Cryptopia doesn't support trading of STEEM/SBD. Well, here I will show you how. Let's assume you would be using Bittrex to trade STEEM/SBD.


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  • Send your SBD/STEEM to Bittrex.

  • Convert your SBD/STEEM to BTCs.

  • Although you can now send BTCs to your Cryptopia account, it would be really costly, as the withdrawal fee of BTC on Bittrex is 0.001 BTC, which amounts to around $10. So, its better to convert your BTCs to Dogecoins, whose withdrawal fee is only 2 Dogecoins, which amounts to around 1.5 cents. I am assuming here that you are not transferring a very large amount, as in that case, the transaction cost would increase proportionally and it might become better to just send BTCs.

  • On Cryptopia, convert your Dogecoins to BTCs.

  • From your BTCs, you can now purchase Electroneums.

I hope you found this article useful, and I hope you won't miss the opportunity to buy Electroneum when its still cheap.

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You really shared an easy and profitable way to buy Electroneum. I have some steems so I would also prefer to buy Electroneum it is good time to purhase.. thanks for updating @hmushtaq

  ·  7 years ago (edited)

Yes, now its a good time indeed to spend some on Electroneum.

Electroneum is solid long term!

I agree :)

Very good guide, easy to understand plus give a good investment advice taking your experience as support, this is really useful, Do you know if Poloniex works too?

  ·  7 years ago (edited)

Thanks. Yes, you can also do this using Poloniex.

I didn't know Dogecoin transaction fee was this low ! I used Ltc to buy Etn . I missed the ico but i managed to buy Etn at 5cents . They are going to be listed on HitBtc soon .

  ·  7 years ago (edited)

Getting listed on HitBTC would be awesome too! And 5 cent was still a great price.

I heard they pump coins to Mars Lol . Get your sell order ready for those pumps and buy back at cheap when pump gets over .

Yes saw that happening quite often, but didn't exploit that condition yet. I should send some Electroneums from my wallet to Cryptopia for day trading, LOL!

How long the pump last ? I have not used HitBtc yet , just heard things about it here and there .

Ah OK you are saying HitBTC pump coins. I thought you were talking about Electroneum itself. Because I also saw a lot of fluctuations in Electroneum's price. Will keep an eye on the coins HitBTC is pumping from now on as well.

Interesting I never thought of buying another coin for doing the withdraw of the exchange, at 12cents I could buy some, I hope it goes up in price.

Electroneum will go like a rocket if bittrex , bianance accept it ...

True!

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Great post tnx for sharing i just upvoted check out my new post steemitalltheway

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Thank you for this guide! it is actually very useful for beginners.

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