Poloniex is one of the largest crypto exchanges at the moment and is also one of the places where STEEM and Steem Dollars or SBD is being actively traded. By purchasing and transferring any of these two tokens to your steemit.com wallet you are able to convert them to STEEM POWER thus further increasing your influence on the website and earning more for your actions.
STEEM is currently beeing traded at about 0.00436 BTC
SBD or Steem Dollars is being traded lower at about 0.001295 BTC
Do note that while Steem Dollars are cheaper the conversion from SBD to STEEM is not 1:1, but is more like 1:4, so essentially it is not cheaper to upgrade your STEEM POWER by purchasing them. Furthermore when you decide to transfer Steem Dollars to STEEM you will have to wait 1 week for the process to take place while STEEM can be immediately turned to STEEM POWER.
Once you purchase some STEEM or SBD from Poloniex yo uneed to go to DEPOSITS & WITHDRAWALS and click on the Withdraw link on the right side of your STEEM Balance.
You will see a window with 3 different fields - Address, Memo and Amount. these you need to fill in with the required information in order to successfully transfer the STEEM coins to your steemit.com account and wallet.
- In the field Address you need to write your steemit.com username
- In the field Memo you need to paste the steemit.com public Memo key, you can find it under your Profile page, Permissions. The MEMO public key should start with STM...
- In the field Amount you need to type the amount of coins you want to send to your wallet
- As a final step just press the Withdraw button and shortly the STEEM should be available in your steemit.com account, you can then use the Power Up function in the wallet to transfer STEEM to STEEM POWER should you wish to do so...
I am pretty sure that entering your public memo key in the memo field on Poloniex is not necessary to successfully complete the transaction.
I don't get it what did he mean steemit user name on the address field. Can you get me an example? in your case would be zcgolf16 ? or @zcgolf16 ? or the whole url?
In my case, it would be zcgolf16 in the address field.
ok that is so simple I couldn't believe it. Big Thanks! :D
You can also use something to help you remember where the transfer was sourced from or purpose of the transfer.
What is the utility of the memo field ?
Thanks, didn't find this info elsewhere.
i agree, this post help me withdraw my STEEMs from Bittrex, i think storing steems here is safe
Not only that, its makes sense cause you earn more with it here.
@yasserkhacha @leggy23In Bittrex it's asking for tag and address so I suppose tag is equivalent to memo in Bittrex ?
please advise
Much needed info, should work on all other exchanges to. I just transferred from Livecoin without a hitch...
Thanks - Just used this and it is working fine :)
Thank you! Was looking for info on how to do this and you answered my question!
Glad the post was helpful. :)
Just asked the same Q. (Great live Q& A show Jeff 15/5)!
Always keep coming back to this every time I forget, thank you endlessly :)
thank you! very helpful post, as i have forgetten how to withdraw.
OMG thank you so much. I just did it and it worked in like a minute. i initially tried with a blocktrades memo address and that was a nightmare. i thought i lost my steem for good...
It answered my question I have been looking for the whole morning. I had hard time to figure it out by looking through my steemit account. Thanks!
Thank you for this tutorial, was very useful and simple to follow! :)
@cryptos there is no need to add share public memo key in memo field. I tried without it and it worked smoothly.
Very helpful post, perhaps steemit should add an official guide somewhere in 'wallet' section. I had trouble with this for several days. Thanks for this post @cryptos !
Very usefull
and the #howto #instruction of the amazing Livecoin
Sell/trade STEEM on Livecoin is more efficient than Bittrex or Poloniex [Comparison and Howto] — Steemit
make a transfer of hitbtc to steemit I have been waiting 2 days for your confirmation and still not specified, is this normal?
Thank you very much. I will be using this information to receive STEEM from my converted mining rewards
Should I include the "@" sign of my username in the the Address field of Poloniex or not? Thank you.
DO NOT USE @ and DO NOT USE CAPITAL LETTERS
@nicnas, Thank you.
Should it just be your USERNAME: thinksalot or steemit.com/thinksalot Sorry OCD..
I'm a newbie and this post totally helped me find my way around the wallet. Thanks @cryptos.
Many thanks! I am new to steem, this is my first coment... Wanted to move my STEEM on exchange to my steem account. This really helped me transfer my steem. I was not able to find anything on google...
Thanks. I needed this information.
Nice tutorial. Upvoted.
When you write your steemit username in the address field is it, steemit.com/username or just your username?
For example, mine is pierrewerner, so it is, steemit.com/pierrewerner or pierrewerner or @pierrewerner ???
Just the username with nothing extra, in your case it will be just: pierrewerner
Thank you @crytos I bought 49 steem and transferred 19 just to see what happens and to educate myself with the process.
No problem, glad the guide helped someone.
thanks for the post that was helpful!
Thanks cryptos, I had no idea how to manage that. very helpful
I go to profile page, permissions and I see 4 public keys.( posting, active, owner, memo) Which one should I look for?
You'll want to use the bottom one, the Memo Key. Don't click the 'show private key' button, just use the one it shows when you open the page...you want the public Memo Key (which will start with STM).
Thank you. A perfect answer to a question I was posing. I'll be able to post you Steem power now!
Thank for sharing
Great. Thanks to you I got my steem out of polo's clutches. This story was actually useful. Now how the hell do I upvote you? I am not paying you anything for this.
I figured it out. You have been upvoted.
Thanks for the informative tutorial...
Helped me today.....
Great post, thank you.
Is there a code you can post like bitcoin where anyone can copy and paste and send steem? Can you send steem directly to other users without Poloniex?
Yeahp you can, just using the wallet
this was great!! I was able to use this method to transfer funds from Polo! Thanks!!!
THANK YOU!!! I knew there had to be a way!! YEAHHH!!!!
Thanks Cryptos ! This was helpful. It says "Withdrawal would exceed your daily withdrawal limit. Please raise your verification level on your profile page to raise your limit." Not sure how to do this ?
You need to provide more information to the exchange (here Polonoex) as asked. In order to withdraw/deposit more, almost all the exchanges have 2-3 tiers of verification . More the level includes more of your personal details like address , Passport ID etc., to be shared to them.
Thank you for posting this I never would think to enter my username. Thank you peace!
Awesome my friend! I did it...all under your instruction. Big MAHALO!! Shakaaa!
I just put steem username & amount but hours later and it still says "Pending" on Poloniex. Should i cancel or does it usually take a while?
@ecasey77 how did you fix this as I just did mine on poloniex and it is still pending?
Thank you for this!
Very helpful!! Unless of course poloniex steem wallet is down...like it is now haha. Will buy steem directly through the steemit next time to avoid the headache.
thank you for the info unfurtuntly for me poloniex disable withrwal of steem
Thanks, ive just used it to make my first transfer.
I'm late to this party and just started using Steemit but I can't say thank you enough for this post. I have bookmarked it and will share this with new users who may have the same question.
Too bad can not upvote older articles, I would have upvoted this. Thanks for posting the correct details.
Thanks! Been looking for a way to transfer steem to a wallet.
I needed this.
Thanks
This info should be in the FAQ section. Thank you writing this up
Very helpful @cryptos ! Thank you. You just saved me a ton of time as I was getting no where trying to figure out how to get my Steem off of Poloniex and into my Steemit account. Appreciate the post.
Thanks!!
that was really helpfull. thank a lot.