How to Transfer STEEM From Bittrex to Steemit.com

in information •  3 months ago

Bittrex.com is a popular crypto exchange for many altcoins and is also one of the few places where STEEM and Steem Dollars or SBD is being actively traded at the moment. By purchasing and transferring any of these two tokens to your steemit.com wallet you are able to convert them to STEEM POWER and by doing this to further increasing your influence on the website as well as earning more for your actions.

STEEM is currently beeing traded at about 0.00367000 BTC
SBD or Steem Dollars is being traded lower at about 0.00126694 BTC

Do note that while Steem Dollars are cheaper the conversion from SBD to STEEM is not 1:1, but is more like 1:4, so essentially it is not cheaper to upgrade your STEEM POWER by purchasing them. Furthermore when you decide to transfer Steem Dollars to STEEM you will have to wait 1 week for the process to take place while STEEM can be immediately turned to STEEM POWER.

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Once you purchase some STEEM or SBD from Bittrex you need to go to Wallets and click on the blue MINUS icon on the left side of your STEEM Balance.

You will see a window with 3 different fields – Memo, Registered Acct and Quantity. These you need to fill in with the required information in order to successfully transfer the STEEM coins to your steemit.com account and wallet.

In the field Memo you need to paste the steemit.com public Memo key, you can find it under your Profile page, Permissions. The MEMO public key should start with STM...

In the field Registered Acct you need to write your steemit.com username (just the username you use to login)

In the field Quantity you need to type the amount of coins you want to send to your wallet

As a final step just press the Withdraw button and shortly the STEEM should be available in your steemit.com account, you can then use the Power Up function in the wallet to transfer STEEM to STEEM POWER should you wish to do so. Make sure you confirm the withdraw if you get confirmation email or if you use 2FA as a security measure.

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