Buying Steem/SP experiment using Ethereum wallet of coins.ph attempt no. 1 (thru mobile)

in steemitph •  8 months ago

Capture.PNG

Hello fellow Steemians! In my observation that I noticed that most of my fellow Filipino Steemians posts about topics on how to withdraw your earnings from your Steemit account via coins.ph which I was wondering is there any posts about how to buy Steem or Steem Power via your coins.ph account.

But then I do acknowledge that buying Steem via an external account such as coins is a costly affair due to expensive fees which it can bite your head off. (Let's face it that since Bitcoin has become more popular which it led to the rise of its price which it also led the rise of it cost of mining and a number of factors that it makes it more expensive and the transactions are getting slower)

Luckily that I just found out that some of the Steemians such as @jemmanuel on his post right here that coins offering Ethereum wallets (I remember that it was on beta phase at that time) which it has lower fees when withdrawing which I made a request to make me Ethereum wallet as a tester and I got it.

Experiment:

I just made an experiment if it's possible to buy Steem at this time via Ethereum wallet at coins.ph and here we go at the first part of my experiment that I go to my account and click at my wallet to buy some Steem.

Part1.PNG

It goes to blocktrades which I buy 1 Steem via Ethereum which it produces a sending address for me to copy with (I must admit that I was turning myself into a guinea pig for this experiment though...)

part2.PNG

I have to go to the coins.ph app and go to my Ethereum wallet and choose send.

Screenshot_2018-03-09-03-05-58.png

When I click the send that I was offered choices which a person preferred (I picked the Enter wallet address which it was pretty tedious to put it into mobile although that it was easier to do it via scan QR code which I don't because I wasn't too techie or old-fashion per se)

Screenshot_2018-03-09-03-06-13.png

Then I placed the amount of Ethereum along with the fee which the total amount was worth 149 pesos based in recent Ethereum price before I slide to send.

Screenshot_2018-03-09-03-11-55.png

Before I send it that I have to confirm about this by ticking each of them then I click to send.

Screenshot_2018-03-09-03-12-13.png

But then an error have occurred which I can sensed that it was most likely that I've made a mistake in manually placing the deposit address from blocktrades to coins which I could have (or probably) better off if I scan the QR scan code and yet I was not that ready on the bright side that I did not lost some of my money after I made that attempt.

Screenshot_2018-03-09-03-12-27.png

Conclusion:


Although that the said experiment did not bring fruitful results that it did however that it brings me a valuable lesson that it has a certain potential for other Steemians to buy more Steem with Ethereum at a lower price since it was still on beta phase once everything is alright which I believe that it will be available on desktop.

For now that all I have to do is to wait for future updates and I'm going to gather some funds for another attempt to experiment with.

kuminga.png

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Greetings! I am a minnow exclusive bot that gives a 5X upvote! I recommend this amazing guide on how to be a steemit rockstar! I was made by @EarthNation to make Steemit easier and more rewarding for minnows.

Requested by @kuminga