How to Move Your Steem from Binance and hold it as Steem Power
Image made in PixelLab by @breeze.com
Hello great people .Today i bring to you another crypto related post . Steem is listed in many trading /exchange platforms . Most people prefer to hold their steem in in these platforms but as a steemian i will strongly advise you to rather hold your steem in the steemit wallet rather in other platforms. And it will be best to hold it as steem power rather steem .
Why do i prefer this? When you hold your steem as steem power , there are many advantages including;
- It helps to build your reputation in the platform
- The fact that you will take time to power down may discourage reckless spending,
- When you hold SP you will be able to have influence in the steemit platform through curation and commenting ,
- I may not need to remind you that when you curate a post you receive reward .
- You can also delegate you SP to communities to impact steemians lives.
So you see that holding steem as SP is more beneficial than holding in other exchanges platforms . However , you could still carry out what we refer to as staking but i assure you the reward you will get from there will be far lesser than what you will get from the steemit platform.
That said let me make a tutorial on how you you can transfer your steem from binancw to your steemit wallet .
- Download Binance from playstore for android or apple store for iPhones . when you do that create an account and verify your account. When that is done then open the app and go to the dash board.
Screenshot from my binance app
- Click on wallet as seen above then this window will pop up
- choose withdraw
- You can then search for steem ,
- As seen above then tap on steem and you will be asked to input an address , amount and a memo.
- when you are don check the information you inputted and click withdraw . A page will pope up up where you will be asked to do verification through SMS and email.
When you press send , two codes will be sent to you one through SMS and the other through email. (Screen shot is not allowed)
You check the codes from the messages and tap on confirm another window will pop up asking you to confirm the Withdrawal .
If it is OK by you you click confirm and this will pop up .
..After few minutes or seconds you will get an alert notifying you of the transfer .
Congratulations you have effected your first transfer. You can then check your steem wallet and you will get your transfer . You can then power up. 👇👇👇👇👇👇
NB. This is not an financial advice ! always do your own research
Original post by @breeze.com
All screen shots are from Binance app by @breeze.com
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Best Regards,
@irawandedy
Curation Team
Thanks so much for this feedback @irawandedy . It means a lot to me .. I will get to work as soon as usual and i will always try to improve on my posts..
Waooo bro thanks for this petinen info it really important for us to grow our reputation
Indeed bro. I am delighted it was of help to u. Let's keep posting and staying consistent..
Let's steem on Bro.
Wow prof your write upthese days are really interesting and educative keep up 👌👌
I pray you start doing same as him
Once you know exactly what to post, then you shall always get full support from the curators
Ohhhh my dear friend and colleague @wirngo thanks so much ..i saw your comment on the other post and was planning to reply before something interrupted me .
Permit me reply here please.Air drops opportunity may be launched at anytime a new project wants to be introduced. You just need to keep in touch to get informed. @chant can equally brief you more on this. She has taken part in many of such projects.
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Your post was upvoted with the Steem Cameroon Curation Account. Keep posting great content for more upvotes.
@fombae