Steem (STEEM) Price Index

How to Buy Steem (STEEM)

Cryptocurrencies have become increasingly popular over the past decade, both as investment assets and as tools for money transfers. Even though we’ve covered a lot about Steem, purchasing STEEM can still be a bit confusing. Here’s a step-by-step guide to help you navigate the process.

1. Using a Cryptocurrency Exchange or Investment Platform

Most traditional financial institutions don’t yet offer direct access to Steem, but you can still buy it on cryptocurrency exchanges. To get started, follow these steps:

1. Select a cryptocurrency exchange or investment platform.
2. Sign up and complete identity verification.
3. Deposit funds into your account.
4. Choose your preferred storage option.

While most platforms function similarly, they differ in fees, supported coins, and security features. Always review their deposit and withdrawal policies before committing.

Popular platforms for trading Steem include Binance, Coinbase, FTX, Kraken, and others.

Once you purchase Steem, you’ll need to store it securely. There are three main options: your exchange account, a hot wallet, or a cold wallet. Keeping coins on your exchange account is suitable only for short-term trading. For long-term storage or large holdings, consider a hot wallet (connected to the internet) or a cold wallet (offline or hardware-based). Cold wallets offer enhanced security but require more technical knowledge and physical protection of the device.

2. Buying from Crypto ATMs

Crypto ATMs are increasingly available across the U.S. Despite the term “Bitcoin ATM,” many machines support various cryptocurrencies, including Steem. You can use cash to buy STEEM directly through these terminals.

Be aware that Bitcoin ATMs often charge high fees, both for converting cash to crypto and for executing the transaction itself.

3. Investing in Crypto-Related Companies

If you're looking to gain exposure to Steem with less direct risk, consider investing in publicly traded companies involved in the crypto space. These might include payment platforms like PayPal and Coinbase, hardware manufacturers like Nvidia, or companies like Square that hold crypto assets.

4. Watch for Crypto ETFs

Exchange-Traded Funds (ETFs) bundle multiple assets and trade them on stock exchanges. Their diversified nature helps manage investment risk. While regulatory hurdles still exist, several crypto ETFs are under review by the U.S. Securities and Exchange Commission (SEC). Some of these may soon include Steem. Keep an eye on Myfin.us to know when such ETFs become available.

Key Financial Metrics for Steem

If you're considering purchasing Steem, it’s wise to evaluate the following financial indicators:

• Steem Price – the current market price for buying or selling STEEM.
• Market Capitalization – total circulating supply multiplied by the current price.
• Trading Volume – the total value of STEEM traded over a certain period.
• Circulating Supply – how much Steem is currently in circulation.
• Daily Price Change – how much STEEM’s value has shifted in the past 24 hours.
• Monthly Price Change – how much Steem’s value has changed over the past 30 days.

To compare Steem’s stats with other digital currencies, visit this page.

Steem Price Forecast for 2025

It's impossible to predict the exact future price of Steem or any other cryptocurrency. Instead, base your decisions on market trends, regulation updates, and long-term use cases. Ask yourself: What is Steem’s fundamental value? What influences its price? Who will adopt it and for what?

According to a report by Fortune Business Insights, the global crypto market could grow at an average annual rate of 11.1% from 2021 to 2028. Based on this projection, Steem might see a potential increase of around 52% by the end of 2025.