Steem combines the ideas and concepts of cryptocurrencies and the power of social media to build a blockchain. It has a social media network platform called Steemit, which is right on top of the Steem blockchain and works similarly as Medium and Reddit, so it pays users with cryptocurrencies as a reward for creating and publishing their content through the network.
MoreJust like other cryptocurrencies, Steem allows its users to exchange, sell and trade – and mining is allowed as well. What makes it different from other currencies is that it also helps users earn money every time they create and curate content on Steem, which means the more you post on the platform, the more money you will earn.
MoreAt Coinmerce you can easily and quickly buy Steem (STEEM) with a credit card. Of course, we also accept payment methods such as iDeal and Sofort.
MoreYou want to buy Steem? You can buy Steem using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Steem, use the search function to search for Steem and click on the name. You can indicate for how many euros you want to buy Steem in the right window. Below is shown how much Steem you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Steem when the price of Steem reaches your entered value. You can also execute a repeating order. Do you want to buy Steem with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Steem.
Established by BitShares CDO Dan Larimer in 2014, Steemit, Steem’s blockchain-based social media network is a decentralized platform, which means users do not have to worry about central authority, censorship, data abuse, data vulnerability, and downtime. Also, as mentioned above, it rewards users with digital money for the content that they share on the platform. Steem is Steemit’s major cryptocurrency on the blockchain, but there are two other units of account in the platform, both of which use Steem’s value as basis for their value. Actually, users have three options on what to do with Steem: convert the crypto to Bitcoins, use it to buy Steem Power, or purchase Steem Dollars with it. Steem Power (SP) is the Steemit token that symbolizes how much power a user has on the platform. Steem Dollars, on the other hand, are used for rewarding users who curate and share their content on Steemit.