You can trade the Steem on Cryptocurrency exchanges online or convert it to Bitcoin, Ethereum etc.
How much time do you work unpaid for Facebook, Instagram, LinkedIn,etc? – You post, share and comment and go unpaid!
Steemit PAYS You For Doing What You Do On Facebook!
People just like you are earning hundreds or thousands of dollars for each post they make about life, business, bitcoin, travel, pets, photography etc.
A post has earned $260.74 for the Steemian called sweetsssj and has 1196 upvotes people have given the story and 339 comments people have made about the story.
Steem is a very young currency and as such you will need to follow a few steps to convert Steem to your local currency:
Earn enough Steem on steemitdotcom or via mining Transfer your Steem to a Steem exchange and convert to Bitcoin Transfer your Bitcoins to a Bitcoin exchange Once you are fully registered at the exchange you can convert your Steem to your local currency and transfer to your bank account The Benefits Of Cryptocurrency Over Current Fiat Currency
Central governments can’t take it away – Because the currency is decentralized, you own it. Remember Cyprus 2013?
Identity Theft: When you give your credit card to a merchant, you give him or her access to your full credit line.
Cryptocurrency allows you to send exactly what you want to the merchant or recipient with no further information.
Immediate Settlement: No third parties (Lawyers, Notary), delays, and payment of fees!
Access to Everyone: 2.2 billion individuals with access to the Internet or mobile phones don’t have access to traditional exchange systems.
Kenya’s M-PESA system, means one in three Kenyans now own a bitcoin wallet.
MOST IMPORTANT. YOU OWN IT
There is no other electronic cash system in which your account isn’t owned by someone else. Take PayPal, has the power to freeze all of the assets held in your account.
With cryptocurrency, you own the private key and public key that makes up your cryptpcurrency address.
No one can take that away from you (unless you lose it yourself, or host it with a web-based wallet service that loses it for you).
You Do Not Need To Invest Any Money In Steemit!
Steemit site is a blockchain that underpins Bitcoin the first cryptocurrency ever!
The blockchain is technology with no one person or country or government in total control – no bank fees, no exchange fees, no central banks.
The blockchains are run in a decentralized way and the rules are made up and agreed upon by anyone who wishes to use that particular blockchain in this case Steemians!
Steemit has no adverts, no censorship and no selling of your personal information to other companies etc.
The Steem Blockchain
Records value ($$$) in Steem, Steem Dollars, Reputation
Records content from bloggers just like you even if you are a newbie!
Rewards people for content, commenting, upvoting with its cryptocurrency Steem.
Where Does The Money Come From?
Steem, Bitcoin and Fiat money like the USD is created out of thin air!
A system of national fiat currencies has been used since 1972 and the USA and other countries just print money and people believe in that money and it is the same as Steem, Bitcoin etc the more people believe in the currency the more value it has.
Steem, Bitcoin, Ethereum and all other cryptocurrencies are traded on exchanges like Bitrex, Poloniex everyday. Their values go up and down according to the laws of supply and demand.
The Solution To People Not Being Paid For Content On Facebook etc:
STEEM Is The Platform Token On Steemitdotcom
It’s distributed to the most valuable contributors by community voting.
STEEM is a tradeable token that is easily convertible to Bitcoin and Et