Why use Swyftx to Buy STEEM?

Lowest Fees

Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy STEEM, than our closest competitors.

Instant Verification

Verify online instantly without uploading documents and deposit AUD to start STEEM trading in less than 2 minutes.

Secure Accounts

Breached password detection and Two Factor Authentication help protect your account from scammers.

What is STEEM?

Steem is an open source blockchain protocol capable of storing social information and distributing tokens based on a Proof-of-Brain algorithm. As the fastest, most transacted blockchain in the world, Steem is the only blockchain protocol capable of, and currently powering, multiple user-facing applications including busy.org, d.tube, dlive.io, steemit.com, dsound.audio, and more. In fact, the Steem blockchain not only processes more transactions than Bitcoin and Ethereum combined, it actually processes more transactions then the next 11 blockchains (in order of transactions) combined!

The Steem blockchain creates opportunities for entrepreneurs by providing a scalable blockchain protocol which their application can tap into that is capable of storing a user’s content, social information, account information, json metadata, and more, while simultaneously empowering those users to earn cryptocurrency tokens (called STEEM) in exchange for sharing that information. The STEEM token features best-in-class properties like 3 second transfers and no fees thanks to Steem’s 3-second blocks and Delegated-Proof-of-Stake algorithm.

How do I buy STEEM?

To buy STEEM, log into the Swyftx crypto exchange, enter an amount of STEEM you want to buy, or the amount of Australian dollars you want to sell. If you’re happy with the price, tap the ‘Buy STEEM‘ button to complete your STEEM purchase. You can deposit AUD via BPAY, OSKO, PayID, POLi Pay, or Bank Transfer as your payment method to instantly purchase STEEM and other digital currencies, including ‘alt coins’. Once the transfer is processed, your account balance can be used to buy STEEM which will be available in your Swyftx hosted online STEEM wallet immediately. Many altcoin wallets are also available in case you want to buy crypto.

You can deposit or withdraw your STEEM or other digital currencies from your private online Swyftx wallet at any time. Sign up for your own STEEM exchange trading profile and start buying or selling STEEM by creating a free account now.

How do we determine the price of STEEM?

The price of STEEM listed for trading on the Swyftx crypto exchange is set by real world trade volumes averaged on global exchanges, so our STEEM price won’t fluctuate as heavily as you might see on our competitors sites. STEEM prices are influenced by the supply and demand from buyers and sellers through out the world.

The current price of STEEM is set at the price of the last trade that took place, meaning the latest price a buyer and seller agreed to exchange at. Swyftx doesn’t charge any artificial spread on STEEM nor does it “make the market” when you buy STEEM. This means you can trade as little or as much STEEM as you like and know that you’ll always get the best prices with the lowest fees on our STEEM Exchange.

STEEM in minutes!

Buy STEEM on Swyftx and we immediately make the STEEM available in your wallet. It’s super easy and super fast!

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