Steem (STEEM): Steem is one of the top cryptocurrencies which has shown an increase in its price today. The other cryptos like Bitcoin and Ethereum have declined in its rate. Bitcoin just reaches $9k but soon it has fallen to $8k. Followed by all the top cryptos all seen in red. However, Steem coin is still increased by 25% today.
Steem Dollars was launched on June 4th, 2016. It is ranked 25th position in coin market cap website. The current price of Steem dollars at the time of writing is $4.14 USD. Steem Dollars are available in three platforms such as Steemit, Steem Power (SP) and Steem Blockchain Dollars (SBD). The rewards are made in Steem Power (SP) or Steem Dollars (SBD) which can be redeemed for dollars on the STEEM site.
Where to Trade Steem (STEEM)?
Steem Dollars can be traded on the cryptocurrency exchange sites such as Binance, UpBit, HitBTC, Poloniex, Tidex, OpenLedger DEX and Bittrex. It is not presently possible to purchase Steem Dollars directly using US dollars. Investors seeking to acquire Steem Dollars must first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX.
Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Steem Dollars in any of the exchange sites that are mentioned above. The price of Steem Dollars (STEEM) can be checked on the link Steem (STEEM) Live Chart.