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What is Steem?

Steem (STEEM) is a social media based blockchain project designed to incentivise individuals to participate and share content. Steem aims to support social media and online communities by rewarding them for the value they provide to these platforms.

  • As the second Delegated Proof of Stake network ever, Steem is well established in the cryptocurrency community.
  • The Steem blockchain enables the ability for micro-transactions, upvoting and other interactions with users to occur with little effort or friction.
  • The Steem blockchain selects individuals to be ‘witnesses’, the ‘witnesses’ receives voting power for each Steem they stake.

Steem aims to give the power and the rewards back to content creators when it comes to social media engagement.

How do I swap Steem?

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Click 'Swap' to confirm. Your coins will arrive in your wallet within minutes!

Learn more about Steem

Why Should I Trade STEEM with CoinSpot?

CoinSpot is Australia’s largest cryptocurrency platform that has been operating since 2013 and is trusted by over two million Australians. We make it easy to buy and sell Steem no matter what your trading experience is. Unlike other international and Australian Steem exchanges that require experience and technical knowledge, we make the entire trading process simple for beginners and advanced traders alike.

CoinSpot provides layered security and advanced support systems so you can buy Steem with peace of mind and the comfort knowing support is available everyday to help. There are multiple trading options on our exchange that allow you to conveniently trade Steem how you want to. You will feel familiar with CoinSpot from the beginning and have access to everything you need to buy, sell and manage your cryptocurrency.

How do you store your Steem?

Storing on CoinSpot

Due to CoinSpot’s flexible Multicoin Wallet, storing your digital currency is simple. Just by creating your CoinSpot account you will automatically be given your own unique wallet where you can store your Steem for free.

Cold Storage

If you are holding Steem as a long term investment, you can utilise a cold storage wallet and send your coins there from your CoinSpot account. A cold wallet is a wallet which is completely offline (not connected to the internet) and is a popular option amongst people who prefer to hold their coins, rather than regularly trade.

Frequently asked questions

Right here! CoinSpot offers traders a fast, simple, easy and secure way to buy Steem. We are trusted by over two million customers and with just a few clicks, you can exchange Australian Dollars or other cryptocurrencies for Steem. CoinSpot helps users easily buy crypto, build their portfolio, make secure purchases and invest in this exciting asset class.
Steem has a floating exchange rate – meaning its price is set by individual vendors based on available supply and demand. As Steem is a globally traded asset, the price can vary across the world based on order books, volume, exchange rates and service fees of each individual Steem exchange.
Cryptocurrency differs from other traditional trading options as you can make fractional purchases, meaning you don’t have to buy whole coins. This means you can start investing in Steem & other digital currencies with as little as $1!
Practicing safe investing is best treated as a shared effort. CoinSpot provides a list of security tips that we recommend putting into practice to ensure you’re keeping yourself secure. Step one to buying Steem safely however is using a reputable exchange such as CoinSpot. We are the first Australian exchange to be awarded the internationally recognised ISO 27001 certification for security management and processes. Operating since 2013, we’re proud to say we’re Australia’s most trusted exchange. Start your Steem portfolio here.
Yes! With CoinSpot you can convert your Steem to AUD (Australian Dollars) instantly. You can also withdraw AUD to your Australian bank account for free with no withdrawal limits.

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