STEEM: a simple guide to Steemit wallet

😉Dear Steem community,

#	Description
Wallet Address	On Steemit in contrary it is just your user name. In my case, it is hien-tran.
STEEM	STEEM is the central currency on Steemit.com (If you have STEEM, you have the actual blockchain asset this entire network is based upon. It's like owning a share in STEEM's future). It’s a cryptocurrency or “token” very similar to Bitcoin. You can earn STEEM by blogging, commenting and upvoting content on Steemit. This section of the wallet shows your “liquid” STEEM meaning you can withdraw these tokens at any time. You can also move STEEM to STEEM POWER in a process called "Powering Up" website: https://steem.io Market: http://coinmarketcap.com/currencies/steem
STEEM POWER (SP)	This is just steem locked up in a way to affect your voting power / payouts. The more you have in SP, the more you get from upvotes and also the more your are able to give out VIA an upvote. It is your POWER on the site. If you put Steem into SP, it takes 13 weeks of equal payments to exit SP back into regular Steem that you can sell on an exchange. Most people put everything into SP if they are long on the platform. The more SP you have, the more valuable your vote becomes. Unlike the liquid STEEM in the first section, SP is locked in unless you click “Power Down”.
Steem Dollars (SBD)	SBD is "Steem backed dollars" used to help assist with the economics of steem, it creates liquidity and also helps stabilize Steem value. People on here use SBD to pay for services like @randowhale, @minnowbooster and to tip people above and beyond an upvote for great content or great service to the Steem community. Value-wise, SBD are designed (algorithmically) to equal approximately $1.00 USD. You can earn SBD by blogging and commenting on Steemit.com. Just like STEEM, this section of your wallet is liquid, meaning you can withdraw these tokens at any time or you can “convert” your SBD to STEEM (This action will take place 3.5 days from now and can not be canceled. These SBD will immediately become unavailable. Your existing SBD are liquid and transferable. Instead you may wish to trade SBD directly in this site under Buy or Sell or transfer to an external market) Market: http://coinmarketcap.com/currencies/steem-dollars
SAVINGS	Provides an extra layer of security to your wallet. Here, you can store liquid STEEM and SBD. Once you deposit liquid cryptocurrency in savings, it takes 3.5 days to remove it. STEEM and SBD in the Savings section does not contribute to your upvote power.
Estimated Account Value	Shows the total value of all your STEEM + SBD = in United States Dollars. This number fluctuates 24/7. Why??? The value of STEEM changes every day as people trade it. If you’re curious what 1 STEEM token is worth right now, Please Click Here!
Power Up	If you have liquid STEEM tokens, you can move them into SP in a process called "Powering Up". This increases the strength of your vote and the amount of curation rewards that you can earn.
Power Down	You can turn SP into liquid STEEM in a process called "Powering Down". In an effort to keep the whole network secure and stable, the process of converting your SP to STEEM happens in 13 installments over the course of 13 weeks. Each week 1/13th of your SP total will become liquid. A important reminder - your voting strength reduces every week you Power Down. Power downs can be stopped at any time.
Transfer	This action is pretty neat. Here, you can move liquid STEEM and SBD to any other Steemit user or a third party cryptocurrency exchange / wallet. Simply click the little carrot drop-down and select “Transfer”. You’ll then be prompted to enter in the amount you would like to transfer along with the account you are moving the cryptocurrency to. But just user name is not enough if you would like to send STEEM from outside of your Steemit account such as from any of the crypto currencies exchanges where you can buy or sell STEEM. Besides your Wallet Address you need to use your Memo Key.

Have Fun & Steem On!
@hien-tran