Where & How to Buy Steem (STEEM) for Beginners in 2025

The safest and easiest way to buy Steem is through a cryptocurrency exchange, which functions similarly to a stock trading platform. It takes just a few minutes to buy Steem this way. Follow our quick step guide below.

How to buy Steem quickly in 3 steps

To get Steem, you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time, and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to a crypto platform

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Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 3 crypto platforms for users based in

Sort by Recommended Minimum Deposit Safest Platforms User Rating

3.2

Bitvavo

Min. Deposit n/a

Fees –

No. assets n/a

Demo account No

Visit site

Bitvavo review

3.6

Huobi

Min. Deposit n/a

Fees –

No. assets n/a

Demo account No

Visit site

Huobi review

2.8

WazirX

Min. Deposit n/a

Fees –

No. assets n/a

Demo account No

Visit site

WazirX review

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy Steem token

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Locate the search box and type STEEM. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Steem tokens! Not a big deal, right?

The easiest way to buy STEEM

The overall best platform to buy Steem for beginners is Bitvavo .

Here are the top five places to buy Steem, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Read more about how we rate, rank and review platforms.

Best exchanges to buy Steem (STEEM), reviewed

How to trade STEEM

You can trade Steem on a cryptocurrency exchange using simple steps. Here’s a quick example that clearly lays out how STEEM crypto trading works:

1. Monitor the price: For simplicity, let’s say the price of STEEM/USDT is $1. You read the price charts and decide that now is a good time to start purchasing STEEM.
2. Open a trade: You trade one USDT for one STEEM ($1 USD for 1 STEEM).
3. Continue to monitor the price: The following month, one STEEM token is now worth $2, a 100% increase.
4. Close your trade: You trade your STEEM token back to USDT for $2.

In this example, you buy and sell Steem, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts and technical patterns, and understanding markets and margin trading, which you can do right here on Invezz.com.

What is the best way to invest in Steem (STEEM)?

The simplest way to buy Steem cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for STEEM.

• Buy Steem with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.

• Buy Steem with a bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.

• Buy Steem with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option. However, you can find here the best crypto exchanges that accept PayPal.

• Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Steem (STEEM)?

Most people keep their crypto on the exchange they used to purchase it. If you only plan to hold onto it for a little while, then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Steem then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet or a safe, where you take responsibility for it yourself. Two of the best Steem wallets to use are MetaMask and the Ledger Nano S.

Should I buy Steem now?

The answer depends on the current price and your own investment goals. Put simply, purchasing Steem, selling Steem, and trading STEEM are all the exact same process in literal terms. It’s just your personal investing intentions that define whether ‘now’ is a good time to invest or not.

• If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long-term in the hopes of larger profits. In this sense, any time is a good time to trade Steem.

• As a long-term investor: a long-term investor is not concerned if the price is up or down 10% on any given day. Instead, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of STEEM, then a good time to purchase Steem is on any significant dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Steem and selling it the next day probably isn’t why you’re here either.

How has Steem (STEEM) performed this year?

The current Steem price today is $0.14, which is -98.36% versus its all time high of $8.57, which it reached on 03 January 2018. STEEM is -61.19% this year, with a 52-week high of $0.40 and a 52-week low of $0.11. 

Regardless, closely following Steem price news & analysis will help you decide when to pull the trigger.