Exchange Transfer Report: 1/14/2018 to 1/20/2018

in exchangereport •  2 years ago 


USD values are calculated per day via API feeds from Poloniex (for STEEM and SBD values in BTC) and Coindesk (for USD value of BTC). For the top 50 reports in USD terms, I take the average USD value for STEEM and SBD for the week using the daily average which came out to:

  • STEEM: $4.79688
  • SBD: $5.19634

Previous Report:

  • STEEM: $5.57098
  • SBD: $7.04185


Please see the first report for a detailed explanation of my personal assumptions related to what this data could mean (along with commentary on previous reports). What it does not show is people powering up, powering down, or if they are buying or selling on an exchange. It's just some interesting data dealing with transfers to and from exchange accounts.

Linked Accounts

hitbtc includes hitbtc-exchange and hitbtc-payout, includes freewallet, and openledger includes openledger-dex.

Previous Reports

75, 74, 73, 72, 71, 70, 69, 68, 67, 66, 65, 64, 63, 62, 61, 60, 59, 58, 57, 56, 55, 54, 53, 52, 51, 50, 49, 48, 47, 46, 45, 44, 43, 42, 41, 40, 39, 38, 37, 36, 35, 34, 33, 32, 31, 30, 29, 28, 27, 26, 25, 24, 23, 22, 21, 20, 19, 18, 17, 16, 15, 14, 13, 12, 11, 10, 9, 8, 7, 6, 5, 4, 3, 2, 1

Top 50 Accounts Transferring to and from Exchanges: 1/14/2018 to 1/20/2018

First included transfer: 2018-01-14T00:00:18+00:00
Last included transfer: 2018-01-20T23:59:15+00:00

----------------------------- Exchanges ------------------------------

@poloniex STEEM transfer total: -1,015,485.522
@poloniex SBD transfer total: -60,376.393
@bittrex STEEM transfer total: 1,485,120.974
@bittrex SBD transfer total: 647,385.686
@blocktrades STEEM transfer total: -56,690.204
@blocktrades SBD transfer total: -93,682.994
@openledger STEEM transfer total: 34.925
@openledger SBD transfer total: 0.000
@hitbtc STEEM transfer total: 0.090
@hitbtc SBD transfer total: 511.980
@changelly STEEM transfer total: 138.761
@changelly SBD transfer total: 0.000 STEEM transfer total: -13,506.556 SBD transfer total: 1.000 STEEM transfer total: -7,439.343 SBD transfer total: -90.700
@rudex STEEM transfer total: 2,038.004
@rudex SBD transfer total: 184.167

------------------------- Total Transferred --------------------------

Total STEEM transferred: -394,211.129
Total SBD transferred: -493,932.746
Total USD transferred: ($ 4,457,622.95)

-------------------- Withdrawal to Deposit Ratio ---------------------

Accounts withdrawing: 6634
Average withdrawal amount: ($     1,304.95)
Median withdrawal amount: ($        65.38)

Accounts depositing: 2414
Average deposit amount:  $       633.02 
Median deposit amount:  $        98.78 

Ratio of withdrawals to deposits: 2.75/1


AccountNet Transfer Amount
1tostitos:($ 1,439,062.53)
2alpha:($ 1,175,264.95)
3val-a:($ 527,656.26)
4dan:($ 498,875.01)
5azeroth:($ 239,843.76)
6justbone:($ 204,220.99)
7originate:($ 191,875.00)
8minority-report:($ 143,906.25)
9transisto:($ 133,045.74)
10jejujinfarm:($ 107,080.16)
11bonapartist:($ 95,937.50)
12appreciator:($ 83,136.52)
13kushed:($ 64,024.79)
14nanzo-scoop:($ 63,398.64)
15onceuponatime:($ 60,767.11)
16ngc:($ 56,601.23)
17meerkat:($ 55,576.63)
18nikez452:($ 52,585.18)
19dongu:($ 51,725.32)
20slowwalker:($ 51,110.49)
21smooth-a:($ 47,968.75)
22thejohalfiles:($ 45,061.04)
23multimillionaire:($ 40,154.64)
24greenman:($ 36,974.31)
25cryptopassion:($ 36,345.48)
26muzzelg:($ 36,024.53)
27booster:($ 34,194.52)
28justtryme90:($ 32,120.30)
29feruz:($ 30,131.75)
30bunny:($ 28,797.21)
31iiuc3amkessq:($ 28,781.25)
32furion:($ 27,756.10)
33jrcornel:($ 27,512.71)
34kingscrown:($ 27,401.26)
35liberosist:($ 26,291.67)
36bayrene:($ 25,121.01)
37vermeirj:($ 23,984.38)
38kassuq:($ 23,984.38)
39sander-lacerda:($ 23,246.14)
40audre:($ 22,502.88)
41miohtama:($ 22,268.90)
42black-hole:($ 21,774.19)
43krexchange:($ 21,410.82)$ 21,145.86)$ 20,495.53)
46teamsteem:($ 19,992.57)
47donaldtrumpfan:($ 19,960.40)
48montfortray:($ 19,187.50)
49velimir:($ 18,082.64)
50cafayate7063:($ 18,059.97)


AccountNet Transfer Amount
1gcalex:$ 368,102.66
2livingfree:$ 201,660.63
3z8teyb289qav9z:$ 177,124.20
4matsteem:$ 138,341.18
5surfyogi:$ 129,307.06
6brandonscalera:$ 101,355.60
7testing123:$ 96,736.89
8bluemist:$ 88,025.60
9virus707:$ 80,706.50
10mafsteem:$ 76,238.90
11the-blogger:$ 67,181.94
12mmmmkkkk311:$ 66,324.57
13kylemacmac:$ 63,948.12
14centering:$ 61,927.48
15yehey:$ 58,515.89
16dhenz:$ 56,263.75
17olorin:$ 55,391.72
18verodato:$ 54,759.75
19neworleans:$ 53,283.29
20experty-official:$ 51,326.42
21freemoceanisnow:$ 50,421.82
22sc5tt:$ 48,700.26
23socky:$ 46,016.98
24manfoundstanding:$ 43,265.77
25sridevik:$ 42,214.85
26netuoso:$ 37,380.80
27enki:$ 29,740.58
28albensilverberg:$ 28,071.69
29imanisraelirick:$ 25,034.89
30mandela:$ 23,978.06
31fur2002ks:$ 21,054.19
32monsteroiids:$ 20,888.99
33pediatrics:$ 20,497.59
34stifhair:$ 19,488.82
35nandroba:$ 16,253.66
36svosse:$ 15,539.00
37dj123:$ 15,316.56
38sandmans:$ 14,876.64
39ozoo:$ 14,854.97
40stxbot:$ 14,438.55
41relaxkim:$ 14,267.36
42snubbermike:$ 14,196.99
43mazinga:$ 14,077.68
44riseofcoins:$ 13,675.84
45silent.screamer:$ 13,622.79
46chungjh:$ 13,457.21
47craig-grant:$ 13,452.00
48fleshproperty:$ 13,449.52
49paco:$ 13,144.01
50jemerson:$ 13,042.80

Withdrawal to Deposit Ratio by User Count over Time

click the image for an interactive graph


  • The withdrawal to deposit ratio came down again to 2.75 to 1.

  • There's @tostitos again topping the withdrawal list. I'm so curious to know if that's a real brand or just a way for Steemit, inc to move money around and keep people guessing.

  • @gcalex tops the deposit list this week with over $300k.

  • Interesting to see account names like @z8teyb289qav9z. Will STEEM finally be used more as a currency and this is just an example of a pseudo anonymous wallet address?

  • The decline in people powering down next week is 2.46% in the green compared to the previous week (so basically the same).

Luke Stokes is a father, husband, business owner, programmer, STEEM witness, and voluntaryist who wants to help create a world we all want to live in. Visit

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Is it really worth trading steem? vs powering up?
Any deep opinion?

Well, I wrote a post that may relate as it dealt with owning steem power instead of renting from a vote bot. As to whether holding is better than trading? That's a long, detailed answers. Good traders may beat the markets, but often those who just hold do very well in the long term. If you miss a huge upswing because you're wrapped up in some other trades, you may miss most of the potential gains in a given year.

Wil read it and come back to you when needed .. thanks for reply

  ·  2 years ago (edited)

Hi @lukestokes ! Its always interesting to see your analysis and check who is withdrawing and who is powering up. It makes me think for reasons, and this makes me research to understand more things. Very appreciated!

I listened to what you said in the panel held by @aggroed by the end, and I totally agree about the confusion on steemit vs. the steem blockchain. Your post about it was great, so hopefully many more people start to understand the difference between them, and that the real power comes from the steem blockchain. That is the start up point in which many developments will start to arise, just like plants from the ground.

By the way, I mentioned you in the new Chapter 8 I posted today!

Chapter 8 of 11: Learning about "How Making Connections & Relationships with Smart and Creative People helps make our way on steemit and make steemit a better place"

Looking forward to your thoughts on it! And if you can add a short comment feedback on your experience with building relationships on the platform, that will add amazingly to the chapter!

Thanks a lot for all your support in the 11 chapter full steemit guide!

Regards, @gold84

  ·  2 years ago (edited)

@lukestokes - If I am interpreting the numbers correctly, the withdrawals to deposit ratio came down when Steem price suddenly increased. I guess that shows that people developed more faith in Steemit? When the price started going down again, the ratio increased.
Interesting dynamics.
Thanks for the detailed report. It is also interesting to see that some long time big accounts are withdrawing big sums of money while some large chunks are coming in from new users (relatively)



incredible steemit

I absolutely love these type of detailed breakdowns. Have just started examining the blockchain myself, its so addictive, and at the same time rather voyeuristic !
Cheers for the hard work on a great post :-)

Thank you. I've been running this report for over a year now, and I still enjoy hearing how others beside myself find it useful.

I look forward to these updates.

  ·  2 years ago (edited)

Thank you very much for sharing this information @lukestokes ! @lukestokes is a Brilliant and Great Man! He went out of his way to help me! Please, everyone vote for him for Witness! All the best my Friends! Positive Energy! Great Karma! Your Friend @extraterrestrial :)

It is about writing without any expectations of UPVOTES..
Excellent post good analyses thanks for sharing. happy new year
thanks for sharing

I love this update, so I am voting you as a witness.

Thank you for your support.

i think this is very important post for everybody,,,,thank you for your kind information...

i am a voter plsce give me vote

How good that I follow you, so I keep informed of this valuable weekly information. Thank you.

Good news
Thank you for sharing
if you have free time please visit my blog upvote and follow me


High SBD prices means everybody is a winner. It's pleasing to see steem and SBD have stayed relatively stable during this downtrend. Big year coming up

The data is very detailed I like it .. And I am ready to give witnesses. thanks again for sharing with us.

Hi @lukestokes, I want to ask about steem price, is it will grow up on last january..?

If I could tell the future, it would be a miracle.

That would be both fun and sad... Have you seen Arrival ? It's a great movie from 2016, I think it's a bit related, if you like Sci-Fi movies, it can be great to see it :D

It's one of my favorite recent Sci-Fi's. I've seen it multiple times. :)

Same here! I thought about rewatching it this weekend, but the fact that I remembered almost everything of it made me postpone it :))

Damn I was hoping you would have known what is up with the tostitos account.

No idea, though when I started tracking things a few weeks back, people started coming up with some conspiracy theories. Who knows.

I think there are a lot of chances that @tostitos is somehow related or even part of Steemit inc. It seems to be receiving money from @steemit2 who receives money from @steemit which are also sending money to @steem and @alpha and OMG what sums they have...

I am trying a lot to reach 500 SP, and those accounts move millions. Great, now I feel like an ant :)

Comparatively, we are all ants.

is it the best time to sell SBD? :)

If I could tell the future, that would be a miracle. I have no idea.

It is so interesting to see what is going on here on Steemit. That is an interesting thought about @tostitos it makes sense to think along those lines. Great post @lukestokes

Awesome article

Wow I didn't realize until the numbers are in front of you just how much money is already involved and the potential for so much more.

I think it is natural to see people withdrawing when the price is slightly profitable and depositing at the dip. I am also sure than hundreds of thousands of dollars are not going into bank accounts. They are being reinvested into something. My bet is crypto projects with great potential.

I have had a busy month myself after sending more than a $3000 to Poloniex and Blocktrades. I have bought back and deposited most of what I had sent. The remaining amount is invested in some promising coins and two ICOs (one of which is a big lesson for me because it is supposedly a scam).

super information,, lovely

good post @lukestokes .,,, thanks information from post. :D

  ·  2 years ago Reveal Comment

I wish I will be in the report. But I dont hope. I am trying to share good photos taking by me, I think that the time is too late to be discovered. I dont have bot, also followers... So nobody see my blog. It is my sad story :)

@lukestokes thanks for sharing.. I am looking forward to more update in the near future

@lukestokes definitely deserves your votes... He is dedicated and very enthusiastic with stem/steemit! It seems to be one of the safest "bet" you can make ;)

Thank you tje information @lukestokes

curious if this is part of the reason why my lasts posts are not capitalizing as good. its interesting. thank you, sir!

Wow...interesting, detail with table and chart, very useful for our educate crypt currency business, thanks Mr. @lukestokes