Question About STEEM Transfer for Giveaways and Contests

in #steemit9 years ago

Hello Steemians, I've been thinking about doing my first Steem giveaway soon, and I'm just wondering:

images.png

Does it make a difference whether I give STEEM OR STEEM DOLLARS to the winner(s)? Is one easier or faster to send than the other? Thanks!

-STEEMMATE

Sort:  

Well they are different things. Sending Steem is sending the crypto currency, its value can change. Steem Dollars are just a token (not a crypto currency) of debt against the steem block chain. Both send at the same rate, but STEEM are worth more (currently) then SBD (in theory SBD should always be worth 1 us dollar).

Thank you for the clarification! I will probably stick with SBD for now because it's more obvious what they're worth

That is the advantage to SBD and the primary reason (as far as I know) why they exist. Their intended stability makes them an attractive currency option.

Upvoted and followed. I have similar questions, this is my fourth day here -- thanks!

Thanks! Following you back

Both are instant whether steem or sbd

Gotcha, much appreciated!

Hey, can't spell libertyteeth without libert! :) Upvoted your comment and followed, cheers!

Coin Marketplace

STEEM 0.04
TRX 0.32
JST 0.098
BTC 64052.73
ETH 1840.51
USDT 1.00
SBD 0.38