How to Transfer STEEM From Poloniex to Steemit.com [GUIDE]
Poloniex is one of the largest crypto exchanges at the moment and is also one of the places where STEEM and Steem Dollars or SBD is being actively traded. By purchasing and transferring any of these two tokens to your steemit.com wallet you are able to convert them to STEEM POWER thus further increasing your influence on the website and earning more for your actions.
STEEM is currently beeing traded at about 0.00436 BTC
SBD or Steem Dollars is being traded lower at about 0.001295 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.
Once you purchase some STEEM or SBD from Poloniex yo uneed to go to DEPOSITS & WITHDRAWALS and click on the Withdraw link on the right side of your STEEM Balance.
You will see a window with 3 different fields - Address, Memo and Amount. 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 Address you need to write your steemit.com username
- 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 Amount 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...
Thanks, didn't find this info elsewhere.
i agree, this post help me withdraw my STEEMs from Bittrex, i think storing steems here is safe
Not only that, its makes sense cause you earn more with it here.
@yasserkhacha @leggy23In Bittrex it's asking for tag and address so I suppose tag is equivalent to memo in Bittrex ?
please advise
I am pretty sure that entering your public memo key in the memo field on Poloniex is not necessary to successfully complete the transaction.
I don't get it what did he mean steemit user name on the address field. Can you get me an example? in your case would be zcgolf16 ? or @zcgolf16 ? or the whole url?
In my case, it would be zcgolf16 in the address field.
ok that is so simple I couldn't believe it. Big Thanks! :D
You can also use something to help you remember where the transfer was sourced from or purpose of the transfer.
What is the utility of the memo field ?
Much needed info, should work on all other exchanges to. I just transferred from Livecoin without a hitch...
Thanks - Just used this and it is working fine :)
Thank you! Was looking for info on how to do this and you answered my question!
Glad the post was helpful. :)
Just asked the same Q. (Great live Q& A show Jeff 15/5)!
Always keep coming back to this every time I forget, thank you endlessly :)
thank you! very helpful post, as i have forgetten how to withdraw.
OMG thank you so much. I just did it and it worked in like a minute. i initially tried with a blocktrades memo address and that was a nightmare. i thought i lost my steem for good...
It answered my question I have been looking for the whole morning. I had hard time to figure it out by looking through my steemit account. Thanks!
Thank you for this tutorial, was very useful and simple to follow! :)