There is good news for us Steemians because we can trade Steem on Binance now. While the two main exchanges trading Steem have been Poloniex and Bittrex for a long time, it is wonderful to have a third option with Binance.
Binance is a new exchange that has experienced phenomenal growth in the last couple of months and this decision to add Steem is very welcome.
If you don't have an account on Binance yet, would you consider using my link https://www.binance.com/?ref=17162691 because I will receive a fraction of the fees on your transactions as a thank you for recommending them to you?
You Can Trade Steem on Binance Now!
This is Binance's website and there is a link going to their article for Steem.
The link is not going to be there forever, so here it is Binance Lists Steem (STEEM)
On Binance you can trade the pairs: STEEM/BNB, STEEM/BTC and STEEM/ETH
BNB is the Binance Coin that you can trade and use to pay the transaction fees at a 50% reduction.
Within the article there are two important links, one for the Fees and one for the Rules.
Let's look at the fees first.
As you can see, the withdrawal fee is 0.01 STEEM and 0.1% for trading.
Then we have the trading rules for each pair.
The minimum amount is 1 STEEM for BTC and ETH and much lower for BNB.
This is how the STEEM/BTC market looks like.
Binance is not my favorite exchange and I haven't been using it that much, but having Steem there will certainly encourage me to use it more. Now the next step for them will be to add SBD and it will be perfect.
After you have registered on Binance with my link https://www.binance.com/?ref=17162691, I encourage you to do the identity verification. This will increase your daily withdrawal limit from 2 BTC to 100 BTC.
Verification is very easy and very fast.
I hope that this post is useful for you if you have been looking at a solution to buy or sell Steem.
Would you upvote this post and follow me for more because this will encourage me to write more posts like this one?
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Michel Gerard