There is good news for us Steemians because we can trade Steem on Binance now. While the two main exchanges trading Steem have been Poloniex and Bittrex for a long time, it is wonderful to have a third option with Binance.
Binance is a new exchange that has experienced phenomenal growth in the last couple of months and this decision to add Steem is very welcome.
If you don't have an account on Binance yet, would you consider using my link https://www.binance.com/?ref=17162691 because I will receive a fraction of the fees on your transactions as a thank you for recommending them to you?
You Can Trade Steem on Binance Now!
This is Binance's website and there is a link going to their article for Steem.
The link is not going to be there forever, so here it is Binance Lists Steem (STEEM)
On Binance you can trade the pairs: STEEM/BNB, STEEM/BTC and STEEM/ETH
BNB is the Binance Coin that you can trade and use to pay the transaction fees at a 50% reduction.
Within the article there are two important links, one for the Fees and one for the Rules.
Let's look at the fees first.
As you can see, the withdrawal fee is 0.01 STEEM and 0.1% for trading.
Then we have the trading rules for each pair.
The minimum amount is 1 STEEM for BTC and ETH and much lower for BNB.
This is how the STEEM/BTC market looks like.
Binance is not my favorite exchange and I haven't been using it that much, but having Steem there will certainly encourage me to use it more. Now the next step for them will be to add SBD and it will be perfect.
After you have registered on Binance with my link https://www.binance.com/?ref=17162691, I encourage you to do the identity verification. This will increase your daily withdrawal limit from 2 BTC to 100 BTC.
Verification is very easy and very fast.
I hope that this post is useful for you if you have been looking at a solution to buy or sell Steem.
Would you upvote this post and follow me for more because this will encourage me to write more posts like this one?
Would you please help @jerrybanfield become a top 20 witness because you can help funding projects to build Steem as explained here? Vote for jerrybanfield as a witness or set jerrybanfield as a proxy to handle all witness votes at https://steemit.com/~witnesses. Read the 5 reasons why I'm voting for Jerry Banfield as a witness and how to vote in my post.
Michel Gerard
This is really great news @gmichelbkk! I can see why everyone in the community is excited, rightfully so. When you get listed (finally!) on the #2 exchange, it is definitely something to celebrate about.
I would expect a short term gain/pump...but with Steem, it may keep going!
I would like to note that this is just a small step on the path to the growth we all want & expect to see. Steem is only listed on 5 of the top 15 exchanges now...Binace(2), UpBit(3), Bittrex(10), HitBTC(11), Poloniex(12), Korbit(24), OpenLedger(103) according to CoinMarketCap.
Thoughts?
...we still have a LONG way to go, but what a great victory! Let's celebrate the moment and keep steeming on!
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Yes, still have a long way to go, but we are making good progress. Maybe other exchanges will want to have Steem to compete with Binance?
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Its a great news. Thanks.
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Yes, it is @lovecreativity. Thank you for your comment.
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Thank you! very much my dear sir @gmichelbkk for sharing this news. have a nice day.
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I am glad you like it @shahin24.
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Coins mentioned in post:
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I like this @coin.info, thank you.
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This is really good news. I was really waiting for Steem to be listed on Binance. Raiblocks next please Binance :)
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Thank you @zemiatin for commenting here.
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Buen post amigo. Saludos de tu amiga @yohanna06.
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Thank you for your comment @yohanna06.
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You can also trade XLM trading Euro/USD now on CEX.io https://steemit.com/crypto/@senseieli/good-news-for-stellar-lumens-cex-io-lists-xlm-for-trading-with-fiat
are doing a big jump forward
Cryptos
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What does that have to do with Binance and Steem?
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You got a 35.22% upvote from @bid4joy courtesy of @gmichelbkk!
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Thank you gmichelbkk for making a transfer to me for an upvote of 5.36% on this post!
Half of your bid goes to @budgets which funds growth projects for Steem like our top 25 posts on Steem!
The other half helps holders of Steem power earn about 60% APR on a delegation to me!
For help, will you please visit https://jerrybanfield.com/contact/ because I check my discord server daily?
To learn more about Steem, will you please use http://steem.guide/ because this URL forwards to my most recently updated complete Steem tutorial?
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You got a 0.95% upvote from @postpromoter courtesy of @gmichelbkk!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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