You are viewing a single comment's thread from:

RE: The Huobi Steem Pump is Back: $4.45 and right back where we left off!

in #steem • 7 years ago

Thanks for the post...I'll be following you for future information!

I'm new to this Steem/Cryptocurrency, but I'm excited to learn as much as I can from those who seem to have an expertise...so anyone who might have a comment or suggestion with this question would be greatly appreciated.

I'm looking to up my SP by making an investment in Steem. However, as I understand it, you cannot buy Steem directly, but must first purchase another cryptocurrency such as Bitcoin or Ethereum and then trade that for Steem.

When I click on "Buy Steem" on my Wallet page, it loads a site called BlockTrades, which defaults on Ether (the coin name for Ethereum, I'm supposing) being traded for Steem. As I understand it, most people buy their crypto coin through Coinbase, and then make the trade for Steem through BlockTrade.

So, here is my question: is there a better cryptocurrency to buy to trade for Steem (Ether vs Bitcoin vs Bitcoin Cast, etc), or should I just stick with the default Ether?

Thanks in advance for any comments or suggestions!

7 years ago in #steem by
$0.00
    1 vote
    Reply 2
    Sort:  
  • Trending
    • [-]
     7 years ago  

    Ether has slightly cheaper fees, so that is probably your best bet. If you have any further questions about the process let me know, it's not easy to understand at first.

    [-]
     7 years ago  

    Thanks Jr (if I may call you that) for your prompt answer and advice, and especially for your offer for future help. I'm sure I'll take you up on it at some point! At this point, I don't even know what I don't know, ya know...