Easy to Understand Steemit Wallet Guide for Beginners

in #steem • 6 years ago

Simple and easy to read understanding of Steem, Steem Power (SP) and Steem Dollars (SBD) used in Steemit wallet.

What is Steem, STEEM Power & Steem Dollars?

STEEM: What is Steem?

  • STEEM is a token in Steemit similar to Bitcoin.
  • This can be earned by blogging, commenting and upvoting posts and comments on Steemit platform.
  • You can withdraw this STEEM to Bitcoin, ETH, LTC, DASH, etc.
    -- You can check the STEEM value in here: https://coinmarketcap.com/currencies/steem

STEEM Power: What is STEEM Power?

  • STEEM Powers is also called as SP.
  • SP represents your influencing power on Steemit community.
  • The more SP (STEEM Power) you have the more valuable your vote (up and down vote) becomes.

Steem Dollars: What is Steem Dollars?

  • STEEM Dollars is also called as SBD.
  • SBD is a secondary currency on Steemit.com.
  • You can withdraw this SBD to Bitcoin, ETH, LTC, DASH, etc.
  • This SBD also can be earned by blogging, commenting and upvoting posts and comments on Steemit platform.
    -- You can check the STEEM value in here: https://coinmarketcap.com/currencies/steem-dollars/

The above explanation is enough to get started with Steemit and Steemit wallet. or If you want to learn more about entire wallet functions, please refer this guide.

#sp #sbd #wallet #introduceyourself
6 years ago in #steem by
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    Coin Marketplace

    STEEM 0.28
    TRX 0.12
    JST 0.032
    BTC 69425.42
    ETH 3746.80
    USDT 1.00
    SBD 3.77