Howto Buy STEEM in BitShares

This guide gives a quick introduction on how to trade STEEM:BTC in
BitShares.

Choose your wallet

To interact with the BitShares ecosystem, you can either

• download the official Light Wallet
• or access the network in the browsers via one of our partners:
  • https://openledger.info
  • https://secure.freedomledger.com
  • https://bitshares.org/wallet

Create an account

In order to use BitShares, you will need to register an account. All
you need
to provide is

• an account name
• a password

The identicon at the top cn be used to verify your account name to third
parties. It is derived from your acocunt name and gives a second
verification
factor. And this is how you register your account:

Note that, in contrast to any other platform you have ever used:

Creating an account at one of our partners will make your account
available at all the other partners as well.

Hence, your account name can be seen similar to a mail address in such
that it
is unique and every participant in the BitShares network can
interact with
you independent of the actual partner providing the wallet.

Backup your account

Since you are the only individual that has access to your account and
funds, it is your responsibility to make a secure backup of your
registered account.

After creating your account, follow these steps:

1. Click the Backup required link in the footer
   
2. Click "Create Backup"
3. Click "Download" and store the file safely. Make sure to remember
   the passphrase you provided when you created your wallet (above) as
   the downloaded file is encrypted with it.
4. (optionally but recommended) Note the xxxxxx * SHA1 checksum to
   verify the backup

Depositing Bitcoin

1. Click on Account in the top navigation bar to open up your
   account overview

2. Make sure it states (Your Account) below your account name

3. Click Deposit/Withdraw to open the corresponding page

4. Enable the gateway CCEDK which provide the most liquid
   OPEN.BTC IOU

   Note: OPEN.BTC is an I owe you (IOU) provided by CCEDK. This means
   that they back every OPEN.BTC token with 100% reserves!

5. Identify the OPEN.BTC row and use the provided Bitcoin address to
   fund your account with BTC

6. After reception and confirmation of your transfer, you will be
   automatically credited with OPEN.BTC

Trading OPEN.BTC for STEEM

1. Clicking the Trade link in the top navigation bar will open the
   decentralized exchange of BitShares
2. Since any two assets can be traded, we first need to search for our
   OPEN.STEEM:OPEN.BTC pair by clicking Find Markets
3. Search for OPEN.STEEM:OPEN.BTC to trade OPEN.STEEM for OPEN.BTC
   (the tokens you have received for depositing BTC)
4. Click on the search result below to open the market page

1. Similar to other exchanges, you can now place buy and sell orders at
   your price.

   Note: In BitShares, placing an order costs a very small fee
   (sub-$cent) which get a 90% refund on cancellation. This fee can be
   payed in almost any asset including OPEN.BTC, BTS or OPEN.STEEM
   and it is up to you to decide which asset to use to pay for the fee.
   Further percentage fees on filled orders may apply.

1. Once your order is matched, the corresponding asset will
   automatically be credited in your account.

Withdrawing OPEN.STEEM into your STEEM account

1. Open your account's overview page
2. Click on Deposit/Withdraw
3. Pick CCEDK
4. Identify OPEN.STEEM and click withdraw
5. Provide amount and your Steem account name
6. Click withdraw

Wait a few seconds and you should receive your tokens in your STEEM
account.