Can we get Steem listed on Coinbase? Our odds may have just gotten better...
Can we get Steem listed on Coinbase?
In a blog post released on Medium by the CEO of Coinbase, Brian Armstrong, something very interesting was said in regards to their crypto asset selections...
Armstrong said that Coinbase has been adding the assets that customers have come to demand.
The exact quote:
"Our goal is to maintain the trusted experience our customers have come to expect while adding the assets our customers have come to demand. This quarter, we added more assets than in our entire prior history as a company, and expanded our services to more people in different countries."
(Source: https://blog.coinbase.com/what-we-accomplished-at-coinbase-in-q4-2018-b98082e72abc?gi=445d771a64d7)
Adding assets that their customs have come to demand?!
Hmm... now that sounds interesting.
There was a time when Coinbase seemed to be extremely cautious in terms of what assets/coins they added to their platform.
While that still largely remains true, they have been more open to adding different kinds of coins/tokens recently.
Given that quote by the CEO, one might assume that their customers are having at least somewhat of an impact on which coins they decide to add.
(Source: https://blockonomi.com/coinbase-review/)
Does that mean that if the steem community voices their demands loud enough, Coinbase may indeed listen and list steem?!
We won't really know unless we try...
If you have an account on Medium, make sure you respond to that blog post with requests to add steem.
Also, we could contact them on twitter, facebook, as well as their support channels with requests for steem.
Heck, they even have a phone number listed... ;)
You never know, it might be what is needed to get steem listed.
Steem currently has no direct fiat on/off ramps here in the US. Getting steem listed on Coinbase would represent the first fiat on/off ramp in the US and could end up being a very big deal during the next bull phase.
Can we band together and make it happen?
Stay informed my friends.
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https://coincentral.com/what-is-steem/
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I’d love to see Steem listed on Coinbase however I fear with the lack of wallets available to hold Steem in (other than a Steemit account) it may be a bit soon.
Hope springs.........
Not sure what you mean here... many other exchanges have steem wallets and a steemit account is always available if needed/wanted.
Both true, however it’s not wise to trust the custody of your coins to an exchange, and while I’m a fan of the Steemit platform I doubt that investors who steer clear of social media like me before Steemit will bother opening an account just to hold coins
I believe serious adoption of the token will be dependant on people being able to hold them on a smart phone app wallet.
I may be wrong, it’s been known 😂
Couple things:
If Steem were to get listed on Coinbase the benefit would be that people would have a direct fiat on/off ramp in the US. Currently there are none.
People would not be holding their steem on Coinbase, just using to get steem in and out of steemit or any other app on steem.
In regards to holding steem on steemit, if steemit were to go down you could always access your coins through a different front end as long as you have your private keys, so I don't necessarily share your concerns about needing a smartphone app wallet.
Though, overall, it would be a net positive to have one.
I don’t disagree with your thoughts dude.
IMHO we are a while away from a mass adoption of crypto currencies, when that happens the non institutional less tech savvy investors are going to need simplicity. I bought Steem through a Freewallet app about 6 months before I joined the platform, since then Freewallet have dropped Steem which I saw as a lack of confidence in the token.
The easier a coin is to buy and hold in your own possession for a crypto novice the more likely they are to invest.
FYI I’m not advocating for Freewallet, I think they’re dodgy.
Oh yea more wallets would always be nice. Though, most likely them dropping it had to do with the cost of hosting a steem wallet. That still needs to come way down and is part of the reason exchanges haven't been jumping up and down to add steem. That or most steem users being on steemit could also have been part of it :)
What about Vessel desktop wallet and esteem mobile wallet?
That will take steem price to much higher levels
I expect it would certainly help.
I really hope so, it will crank up the price, but the important thing is millions of people will look at and see Steem😊
Yep, it would make buying steem actually doable for non-crypto folks.
Cool 😎
It could be.
We will do what we can to push them towards it. Try not to spam them but keep up a constant pressure on all of there relevant posts so that they have steem on the brain.
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Honestly, spamming might be better than nothing at all. Though a slightly more targeted approach would likely be better.
The thing I think we need as much as anything is easy on and off ramps. I wish every app, every contact point would have a super easy on ramp.
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This would certainly represent an easy on/off ramp...
Yup. A really big one.
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I would love that. Buying Steem now is still fairly easy, but that would be the easiest. I could just buy it every time I have a few extra dollars, and I'd end up with a fair amount of Steem with the prices the way they are right now.
It's not for people who have never used or been involved in crypto. I brought a few people to steem and steemit over the past few years and it has been a headache teaching them how to get any money at all onto the steemit platform.
I guess that's what I meant. It's easy for me to do it if I want to. If it was an easy as buying ETH on Coinbase, though, that'd be awesome.
Yes that would be ideal. Or even buying it directly on the steemit.com site with a card, though we are a long ways and a few licenses away from that :)
I’ve been messaging them daily to add steem.
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Awesome. Where have you been messaging them?
https://coinbase.ada.support/chat/ it’s an automated system, but I’m sure it logs the data for analysis.
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I just commented on the post, go on there and upvote it, also write your comments!
Awesome, thanks!
Yes, this is what we need! It would make buying and, therefore, adopting Steem much easier for everyone.
Yep, exactly. It is a major missing piece during the last bullish phase in order for people to get money in and out of steem. There are a whole host of problems here, but people that wanted to get money into steem/steem power last year were having a heck of a time doing so.