Steemit is a social media platform that rewards its users with cryptocurrency for creating and curating content. Unlike other platforms that rely on ads or subscriptions, Steemit uses the power of blockchain technology to distribute rewards among its community members.
If you are a beginner writer from the Philippines who wants to make money from Steemit, here are some tips and steps to follow:
1. Create an account on Steemit
To join Steemit, you need to create an account on their website. You can sign up for free, but you need to provide your email and phone number to verify your identity. You also need to choose a username and a password that you will use to access your account.
Once you create your account, you will receive a set of keys that are used to access different functions on Steemit. These keys are very important and should be kept safe and secure. You can also download them as a PDF file for backup purposes.
2. Learn how Steemit works
Steemit is based on the Steem blockchain, which is a decentralized network of computers that store and process transactions. The Steem blockchain has its own cryptocurrency called STEEM, which can be exchanged for other currencies or used to power up your account. ¹
On Steemit, you can create posts and comments on various topics that interest you. You can also vote on other people's posts and comments to show your appreciation or feedback. By doing so, you can earn rewards in the form of STEEM, Steem Power (SP), and Steem Dollars (SBD).
- STEEM is the basic unit of currency on the Steem blockchain. It can be traded on exchanges or converted to SP or SBD.
- SP is a measure of how much influence you have on the platform. The more SP you have, the more weight your votes have and the more rewards you can earn. You can increase your SP by converting STEEM or by earning rewards.
- SBD is a stable currency that is pegged to the US dollar. It can be used to buy goods and services or exchanged for STEEM or other currencies.
3. Write quality content
The most important thing to do on Steemit is to write quality content that attracts and engages readers. Quality content is original, informative, entertaining, and relevant to your audience. It also follows the rules and guidelines of the platform and respects the rights and opinions of others.
To write quality content, you need to:
- Choose a topic that you are passionate about and knowledgeable about.
- Do some research and gather facts and sources to support your arguments or claims.
- Use proper grammar, spelling, punctuation, and formatting.
- Use images, videos, links, or other media to enhance your presentation.
- Use tags, titles, and descriptions to categorize your content and make it easier to find.
- Proofread and edit your content before publishing.
4. Promote your content
Writing quality content is not enough to make money from Steemit. You also need to promote your content and reach out to potential readers and supporters. You can do this by:
- Sharing your content on other social media platforms such as Facebook, Twitter, Instagram, etc.
- Joining communities and groups related to your topic or niche on Steemit or elsewhere.
- Engaging with other users by commenting, voting, following, resteeming, etc.
- Participating in contests, challenges, initiatives, or events hosted by other users or organizations.
- Collaborating with other writers or creators who share your vision or goals.
5. Be consistent and patient
Making money from Steemit is not a get-rich-quick scheme. It takes time, effort, and dedication to build your reputation and audience on the platform. You need to be consistent and patient in creating and curating content, as well as interacting with other users.
You also need to be aware of the risks and challenges involved in using a blockchain-based platform such as Steemit. These include:
- Volatility: The value of STEEM and SBD can fluctuate depending on market conditions and demand.
- Competition: There are many other writers and creators who are vying for attention and rewards on the platform.
- Censorship: There are some topics or contents that may be deemed inappropriate or offensive by some users or authorities.
- Security: There are some hackers or scammers who may try to steal your keys or funds.
To overcome these challenges, you need to:
- Diversify: Don't put all your eggs in one basket. Invest in different types of content, currencies, platforms, etc.
- Learn: Keep yourself updated with the latest news, trends, developments, tips, etc. related to Steemit and blockchain technology.
- Protect: Keep your keys safe and secure. Use a strong password and a reliable antivirus software. Be careful of phishing or malware attacks.
- Enjoy: Have fun and enjoy the process of creating and sharing your ideas and stories with the world.
6. Withdraw your money
After you have earned some rewards on Steemit, you may want to withdraw your money and use it for your personal or professional needs. To do this, you need to convert your STEEM or SBD to a currency that you can easily access and spend. There are different ways to do this, depending on your preferences and availability.
One of the most common ways to withdraw your money from Steemit is to use an exchange service that allows you to trade your STEEM or SBD for other cryptocurrencies or fiat currencies. There are many exchange services available online, such as Binance, Bittrex, Poloniex, etc. You can choose the one that suits your needs and preferences, but make sure to check their reputation, fees, security, and customer service before using them.
To use an exchange service, you need to:
- Create an account on the exchange service of your choice and verify your identity if required.
- Transfer your STEEM or SBD from your Steemit wallet to the exchange service wallet using the appropriate keys and addresses.
- Trade your STEEM or SBD for the currency of your choice on the exchange service platform.
- Transfer your currency from the exchange service wallet to your bank account or PayPal account using the appropriate methods and details.
Another way to withdraw your money from Steemit is to use a peer-to-peer service that allows you to sell your STEEM or SBD directly to other users who want to buy them. This way, you can avoid the fees and delays of using an exchange service and negotiate the price and terms of the transaction yourself. There are some peer-to-peer services available online, such as LocalBitcoins, Paxful, etc. You can also find some local groups or communities on Facebook, Telegram, etc. that facilitate peer-to-peer transactions among Steemit users.
To use a peer-to-peer service, you need to:
- Create an account on the peer-to-peer service of your choice and verify your identity if required.
- Find a buyer who is willing to buy your STEEM or SBD for the currency of your choice on the peer-to-peer service platform or group.
- Agree on the price and terms of the transaction with the buyer and confirm the details.
- Transfer your STEEM or SBD from your Steemit wallet to the buyer's wallet using the appropriate keys and addresses.
- Receive your currency from the buyer's bank account or PayPal account using the appropriate methods and details.
Conclusion
Steemit is a great platform for beginner writers from the Philippines who want to make money from their passion and skills. By following these tips and steps, you can start your journey on Steemit and earn rewards for your content. Remember, the key to success on Steemit is to write quality content, promote your content, be consistent and patient, overcome the challenges, and withdraw your money. Happy Steeming!