Learn With Steem: How to buy Steem with BTC and fund your Steemit account using Binance Exchange

in hive-167622 •  2 years ago 

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Lesson Time📈

Converting BTC to Steem in your Binance wallet

If you have a cool amount of atleast $6 worth BTC in your wallet you can be able to convert it to Steem.

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Click "Trade" in your wallet

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You're to check out the steem pairs, then choose "Steem/BTC"

Incase the steem pair isn't onboard, you can search it out, just follow up the description below;

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Steem has four pairs currently in binance, so you choose the "Steem/BTC" pair

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Fill in the value you want to convert.

Put in the amount of BTC you want to change and the value of Steem will automatically display.

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Once you place the trade it stays at the order position until the market price reaches your entry price then it'll be settled. If you want a quick trade, meaning you're ready to place the order at the Current Market Price, then change the "limit" to "Market"

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Once the order is settled you can check your wallet and confirm your steem balance.

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Transferring the Steem coin to your Steemit wallet

Once you've confirmed your amount in your wallet, click on the "Steem"

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Currently Steem withrawal is pending in binance but I'll be giving a precise description. After clicking on the "Steem" it takes you to a page where you'll see a "deposit" and "withdraw" option. Once you click the withdrawal it directs you to a page you'll be requested to fill in your address, memo and amount.

Address: steemit username
Memo: it's your Steemit memo for deposit
Amount: the amount you want to receive in your wallet.
N/B: Network fee= 0.1 steem

Once you fill in the above details, you can confirm and expect it in your Steemit wallet in few minutes time.

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I'll end this topic here, I believe y'all now have a clear understanding of how to do this task. Incase of any question do well to drop it in the comment section. Thanks for going through.

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Regards to;

Cc:
@focusnow
@steemalive

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