Using your Steem inside of the platform can be pretty beneficial, but if you’re looking to Exchange your tokens for some bitcoin you will need to use an exchange. Here are the best exchanges, in my opinion, you can use to trade Steem to BTC and start buying stuff with money you earned blogging!
#4 – Poloniex
A lot of users are now very unhappy with Poloniex, and rightfully so. The exchange has a huge trading volume and, as such, ends up looking like it doesn’t care about a few cryptocurrencies, including Steem and Steem Dollars. This forced a lot of users to look for alternatives. It makes this list over other possibilities such as Livecoin because, like it or not, it still holds about 60% of Steem’s trading volume, according to CoinGecko.
#3 – Bittrex
Bittrex is the go-to alternative if you used to trade on Poloniex. The exchange has a super staff that seems to always be available and has a pretty clean track record: no suspicious DDoS attacks, no suspicious downtime, nothing. I use it to trade my Steem to BTC whenever I can, and honestly have nothing negative to say about it. It’s design may not please everyone, but it doesn’t bother me.
#2 – Changelly
Changelly is an instant cryptocurrency exchange that claims to offer the best rates on the market. It allows users to trade crypto-to-crypto and what I honestly like most about it is that it is active here on Steemit and engages with the community (can I get a shout out?). You can follow the exchange on Steemit: @Changelly. The fact that it’s involved in the community means Changelly really cares and will listen if you have any problems with transactions or something.
#1 – OpenLedger
OpenLedger is a decentralized exchange, meaning most of the problems on usually has to deal with are off the table on this one. Moreover it uses BitShares’ 2.0 technology and all of its advantages, making it what most call a “next-generation” platform. It’s success has been covered by major websites such as CoinDesk and even Forbes – check these links out to learn more.
