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My first experience using the new STEEM ENGINE DEX! BUYING, SELLING and WITHDRAWING. by exyle

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exyle · @exyle ·
$34.14
My first experience using the new STEEM ENGINE DEX! BUYING, SELLING and WITHDRAWING.
![IMG_5251.jpg](https://cdn.steemitimages.com/DQmUAhfVvuuybbFm5fmNZxHNy9PEAJc47jBqbckkNKC9drn/IMG_5251.jpg)

-----

The Steem Engine DEX opened last night!

[HERE IS THE POST](https://steemit.com/steemengine/@aggroed/steem-engine-dex-grand-opening).

This morning I decided to test it straight away.

I bought a 1000 ENG tokens when Steem-Engine just came out and wanted to see if I could sell a few of them back to STEEM on the market.

This is the process I went through and it was amazingly simple!

------

# Here you can see wy wallet with all the tokens that I own on Steem Engine. 

-----

![Screenshot 2019-03-07 at 09.38.12.png](https://cdn.steemitimages.com/DQmfUTvBrnHQJ2sNyRvWSzLTm9LgTmT65PbcP9aXLrZVwVq/Screenshot%202019-03-07%20at%2009.38.12.png)

------

# As a test I decided to SELL 10 ENG tokens for 8,5 STEEM. Accepting a loss of 1,5 STEEM for testing purposes :)

------

![Screenshot 2019-03-07 at 09.44.05.png](https://cdn.steemitimages.com/DQmZWRZ5uBUmPzDQXbCS1RhAhbd55TaE9di6HQzjcYGTRoe/Screenshot%202019-03-07%20at%2009.44.05.png)

-------

# After pressing SELL ENG Keychain popped up asking for confirmation.

------

![Screenshot 2019-03-07 at 09.44.15.png](https://cdn.steemitimages.com/DQmfTZmjZafF9ASpcsj94aBxYGVB8uC8MwQBRJuz26gkPdM/Screenshot%202019-03-07%20at%2009.44.15.png)

--------

# Part of my order sold instantly and the other part is still outstanding.

------

![Screenshot 2019-03-07 at 09.44.45.png](https://cdn.steemitimages.com/DQmPUAgJknaHDf1Gt4xHNT3Gr95ThgiaCB3sZF3AxUoNt55/Screenshot%202019-03-07%20at%2009.44.45.png)

------

# Instead of receiving STEEM right away I got a pegged token instead. It's called STEEMP.

------

![Screenshot 2019-03-07 at 09.45.15.png](https://cdn.steemitimages.com/DQmPTxizw3cisHuf4JsVYiYksPRsQFXN9ftGq6bXowvTR3V/Screenshot%202019-03-07%20at%2009.45.15.png)

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# I then decided to withdrawal the STEEMP to get REAL STEEM. The fee is 1%. Again Keychain asked me for confirmation.

------

![Screenshot 2019-03-07 at 09.46.19.png](https://cdn.steemitimages.com/DQmeDGtg9MqmgiciXxjWxbS5yitPxbyssbN2zF22iaWKZEv/Screenshot%202019-03-07%20at%2009.46.19.png)

------

# And a little while later I received the STEEM in my wallet!

------

![Screenshot 2019-03-07 at 09.48.24.png](https://cdn.steemitimages.com/DQmdeXYkBKFXqkQcawV2gsGt9sUx5pn2Lvjj9VohkgtZnii/Screenshot%202019-03-07%20at%2009.48.24.png)

------

The whole experience was perfect and very user friendly.

Now let's wait and see where the community will take this next!

------

![](https://steemitimages.com/DQmdWG7QanG3ZEgJQ4SiLkyQ5BKtxGU7jrrnwDTqsz3r177/Logo_Side-by_side_1000.png)

-----

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---

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---

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---

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πŸ‘  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , and 494 others
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vote details (558)
@adenijiadeshina · 
I was actually this will be a complicated step to try out but though i guess i was wrong
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@blazing · 
This is cool that's gonna change a lot of things on steem
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@bozz ·
$0.05
That is pretty awesome.  I am glad to see that it works so smoothly.  I am going to have to start digging into it and see if I have any tokens that are actually worth anything.  I am assuming if it is not on there yet it will added soon in the future...  Thanks for testing this out for all of us and sharing your results!
πŸ‘  
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vote details (1)
@chireerocks · 
@exyle, This sounds awesome and in my opinion the more simplistic the process is the more adoption will come and your experience is letting us know that the process is simple and user friendly. Keep enjoying and stay blessed.
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@cryptopie · 
That is so nice @exyle and you had walked us through how easy it is to create tokens and then how to buy or sell them. We have yet to see how this dex would turnout for the steem economy.
https://media.tenor.co/images/09c37912a58c543d1d818319b33d99cb/tenor.gif
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@d00k13 ·
$0.03
Hell yea I was wondering how it would work, makes the on and off process so much simpler πŸ’ͺ

You think they will build out mobile apps?

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
πŸ‘  
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@diogosantos · 
It looks very clean and working very well, I havenΒ΄t tried it yet, but it seems that it might be a viable option...
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@goldmatters ·
$0.27
Hello @exyle! Would you like to joing my Steemmonsters tourament? I would love to have you join :) it is this Saturday. I even made a big promo video about it if you are interested !
πŸ‘  
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@kus-knee ·
$0.07
I see that there are 10 @exyle tokens but no price or market. I'll buy one for "test" purposes but at what price?
πŸ‘  ,
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vote details (2)
@exyle ·
$0.05
It seems they are all HODLers :). I'll sent you some right now.
πŸ‘  
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@kus-knee · 
Yes HODL for sure!
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@exyle · (edited)
$0.04
I wouldn't recommend buying EXYLE tokens btw. They are useless. I made them for fun and to test Steem Engine when it just came out.
πŸ‘  ,
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vote details (2)
@kus-knee ·
$0.04
Yes for fun but never underestimate an @exyle coin!
πŸ‘  
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vote details (1)
@michealb · 
if i sold one back to you for a full upvote from exyle then they would be worth something?
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@michealb ·
$0.05
i'll sell you 1 for 100 steem
πŸ‘  
properties (23)
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vote details (1)
@kus-knee ·
$0.04
First you need to have one!
πŸ‘  
properties (23)
authorkus-knee
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vote details (1)
@newageinv ·
$0.05
Amazing how quickly they have developed this!  I think the pegged Steem idea is brilliant and love the fact that due to the blockchain, we can always see that each token is backed by real Steem!

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
πŸ‘  
properties (23)
authornewageinv
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vote details (1)
@partiko · 
Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!
properties (22)
authorpartiko
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@pennsif · 
This post has been included in the latest edition of  [**SoS Daily News**](https://steemit.com/steem/@pennsif/sosdailynewsnewsaboutthestateofsteem7march2019-qyn3avoc13) - a digest of all the latest news on the Steem blockchain.
properties (22)
authorpennsif
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@safetony · 
That's looking pretty next level go steem go!
properties (22)
authorsafetony
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@sharpshot ·
$0.05
I tried it out last night and it all seems to work well.  This is allready better than a lot of exchanges I've used, I think they've done a good job, in a short period of time.  I'm still not sure why everything needs a token and why anyone would want one if its worth $0.00 but hopefully it will all become apparent.
πŸ‘  
properties (23)
authorsharpshot
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categoryexyle
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vote details (1)
@stackin · 
Now I’m going to have to test it out 😬

Posted using [Partiko iOS](https://steemit.com/@partiko-ios)
properties (22)
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@steem-plus ·
SteemPlus upvote
Hi, @exyle!

You just got a **16.1%** upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in [here](https://steemit.com/@steem-plus) to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
properties (22)
authorsteem-plus
permlinkmy-first-experience-using-the-new-steem-engine-dex-buying-selling-and-withdrawing---vote-steemplus
categoryexyle
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@uyobong · 
This is quite amazing and it looks pretty simple. I have 5,000 ENG and i'll try that out to get back STEEM. Thanks @Exyle
properties (22)
authoruyobong
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