About Steem Dollars (SBD)
Name Steem Dollars
Market Capitalization$69.60 million
Coin or TokenCoin
Steem Dollars (SBD) Frequently Asked Questions
What is Steem Dollars?
Steem Backed Dollars or simply Steem Dollars are stable value pegged assets issued in the Steem.it platform. SBD are pegged to the value of the USD and can be redeemed on the Steem.it platform for about one dollar worth of Steem. When Content creators receive rewards on the Steem.it platform they are made available in 50% Steem Power, which can be redeemed continuously over a period of 104 weeks, and 50% SBD which can be fully redeemed for Steem in a 5 day period. SBD can also be transfered on the Steem Platform and can be exchanged outside of the Platform. (Description provided by CryptoCompare)
How do I buy Steem Dollars?
It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including Steem Dollars.
Where can I get Steem Dollars wallet?
Steem Dollars produces its own wallet software that is available for download on its website, which allows you to store Steem Dollars on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.
What is the value of Steem Dollars?
One Steem Dollars (SBD) is currently worth $7.78 on major cryptocurrency exchanges. You can also exchange one Steem Dollars for 0.00016258 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Steem Dollars in U.S. dollars is $69.60 million.
What hashing algorithm does Steem Dollars use?
Steem Dollars is a delegated proof of stake (DPoS) coin that uses the SHA-256 algorithm.
How do I mine Steem Dollars?
Steem Dollars and other SHA-256 coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Microbt (Whatsminer), and Canaan (AvalonMiner). ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.
What coins are similar to Steem Dollars?
The following coins use the same hashing algorithm (SHA-256) as Steem Dollars: Bitcoin, Bitcoin Cash, Bitcoin Cash ABC, Bitcoin SV, Alitas, Steem, Ultra, USDX [Kava], Counterparty, Peercoin, Namecoin, USDX [Lighthouse], PRIZM, USDx stablecoin and EDC Blockchain [old].
What is the Reddit page for Steem Dollars?
The official Reddit community (subreddit) for Steem Dollars is r/steemit.
MarketBeat Community Rating for Steem Dollars (SBD)MarketBeat's community ratings are surveys of what our community members think about Steem Dollars and other cryptocurrencies. Vote "Outperform" if you believe the stock will outperform other cryptocurrencies over the long term. Vote "Underperform" if you believe the stock will underperform other cryptocurrencies over the long term. You may vote once every thirty days.
Steem Dollars (SBD) Price Chart for Saturday, September, 18, 2021
Steem Dollars (SBD) Search Trends
There is a correlation between price appreciation and public interest in cryptocurrencies, such as Steem Dollars. Many cryptocurrency investors use Google Trends, which measures the volume of web searches for a particular topic over time, as a tool to gauge whether public interest is increasing or decreasing for a particular cryptocurrency. The chart below shows how search volume has changed for the phrase "Steem Dollars Coin" over the last 90 days.
Steem Dollars (SBD) Website Traffic
Steem Dollars (SBD) Social Media Trends
Steem Dollars (SBD) News HeadlinesNo headlines for this company have been tracked by MarketBeat.com