Steemit Currency Market - Buy & Sell Steem

Details

Hello steemians, this happens to be my first post on utopian.io and I'm so exited! Today, we will be looking into the steemit community itself and its currency market to be precise. Many steemians over the years have been on the steemit community without having idea on how the steemit currency market works, I mean they don't know that they can buy and sell steem on the steemit platform. This post will enlighten us on the nitty-gritty of the steemit currency market. Enjoy!

Components

So now let's get down to the matters at hand:
On the steemit currency market, there are tabs and sections that we ought to know what they mean and how they work.

First, the steemit currency market icon:

After opening the steemit site via http://steemit.com
Click on the option menu at the right hand corner, a bar will appear
Then click on "currency market",
Behold, you are on the steemit currency market page.

Second, the steemit currency market homepage
You will be directed to the steemit currency market homepage after completing stage one above.
These are the sections on the homepage:

√√ buy steem
√√ sell steem
√√ buy orders
√√ sell orders
√√ trade history
√√ open orders.

Third, Buy and sell steem

Here you will see the current rate at which steem is being sold per the sbd.
As at the time of these project, it was 1.000 steem for 1.096sbd.
so have it at the back of your mind that the value frequently fluctuate..

Lastly, trade history section.

Here, the latest transactions going on in the steemit currency market platform is being displayed.
And this tends to be very busy because steemit users are busy trading steem.
But take note, profit is being made here likewise loss.

Benefits / Improvements

So at this juncture, we will be looking into the benefits derived from making use of the steemit currency market platform.

It helps us get more acquainted with the steemit community and how it actually operates.
It helps us have ideas on the current rate a steempower is sold per sbd
It prevents steemians from being duped on the platform.. This happened to a friend of mine. He was duped by another Steemit user. He sent some steem to the user waiting for cash in return but to no avail. He messaged me to report on the issue but it was too late. He regretted his ignorance of not making use of the steemit currency market. (identity anonymous for security reasons).

So let us ask questions from the right people here on the steemit community so as not to fall victim of calamity.

thanks for your time,

I remain gabeman!

Links

http://steemit.com/market

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Posted on Utopian.io - Rewarding Open Source Contributors

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