Steem (STEEM) - All you need to know

Learn all about the Steem cryptocurrency. Get started on this page full of our handy guides and introductory material, that explains all the different ways to own coins.
By: James Knight
James Knight
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work,… read more.
Updated: Jan 28, 2022

Ways to invest in Steem

The simplest way is to sign up with an online broker or exchange platform. Then you can buy, sell, or trade coins according to whatever investing strategy you’ve decided upon.

That means you can trade coins quickly if you have a short term approach, or hold them if you’re more focused on the future. There are investment vehicles like mutual funds and ETFs that you can use as part of your process as well, and you can learn more about each of these further down.

Get started guides

What is STEEM?

The Steemit platform is, in some respects, similar to any number of other social media platforms. The big difference is STEEM – the cryptocurrency used to reward contributors. Steemit users cast upvotes and the more visible a piece of content becomes the greater the reward offered. 

The idea behind the Steemit platform and STEEM cryptocurrency was to entice users to create and share content on the site and, therefore, build a strong, engaged community. By rewarding great content with digital cash, Steemit has set itself apart from other social media platforms like Facebook and Twitter. 

How does STEEM work?

If you’re looking to make a profit from STEEM there are better ways than earning it by creating and publishing content, especially if you’re just starting out with cryptocurrencies. New users of the Steemit platform rarely see their posts go viral straight away and established users with more clout cast votes (known as Steem Power) that carry more weight.  

There are actually three versions of Steem cryptocurrency: STEEM, Steem Power and Steem Doller. However, STEEM is the only coin you can exchange for Bitcoin or an equivalent currency.

How to invest in Steem

We’ve put together a list of the best options so that you can read through them. Use this information to guide you towards a practical plan that meets your investing goals.

Where can I buy Steem coin now?

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James Knight
Lead content editor
James is the lead content editor for Invezz, covering the stock market, cryptocurrency, and macroeconomic markets. Outside of work, James is an avid trader and golfer… read more.