Steem Price, News and Analysis (STEEM)

Steem can be purchased or sold on the following cryptocurrency exchanges: Upbit, Binance, Bittrex, Huobi, Poloniex, GOPAX, Vebitcoin, HitBTC, OpenLedger DEX and RuDEX.

It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including Steem.

Steem produces its own wallet software that is available for download on its website, which allows you to store Steem 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 S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Jaxx or Coinomi to store multiple cryptocurrencies with some added security benefits.

One Steem (STEEM) is currently worth $3.14 on major cryptocurrency exchanges. You can also exchange one Steem for 0.00041564 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Steem in U.S. dollars is $805.06 million.

Steem is a proof of work (PoW) coin that uses the SHA-256 algorithm.

Steem 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), Butterfly Labs, Canaan (AvalonMiner), FutureBit and GridSeed. ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

The following coins use Steem's SHA-256 algorithm and proof of work (PoW) proof-type: Bitcoin, Bitcoin Cash, Counterparty, Namecoin, Unobtanium, Crown, PACcoin, ATBCoin, CHIPS, Terracoin, UnbreakableCoin, Zetacoin, Titcoin, SoonCoin and Dollarcoin.

The official Reddit community (subreddit) for Steem is r/steemit.