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The simple guide to converting your STEEM into STEEM POWER - (new user Power Up walkthrough) by yogi.artist

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steem · @yogi.artist · (edited)
$1.83
The simple guide to converting your STEEM into STEEM POWER - (new user Power Up walkthrough)
<html>
<p>If you haven't got any already, then buy some bitcoin. You can purchase bitcoin from a number of reputable exchanges globally. Seeing as I'm not a day trader, I personally use <a href="https://itunes.apple.com/gb/app/circle-pay/id920164002?mt=8"><strong>This</strong></a> Circle app, to purchase bitcoins via my iphone, for simplicity. <a href="https://play.google.com/store/apps/details?id=com.circle.android&amp;hl=en_GB"><strong>Here</strong></a> is the android version.</p>
<p>Now you've got your bitcoins, you need to buy some STEEM on an exchange with the bitcoin. I recommend using <a href="https://bittrex.com"><strong>Bittrex</strong></a>, which is a leading US based crypto-currency exchange, run by 3 people who love crypto but are also security experts from microsoft, amazon, and blackberry. You can register for an account <a href="https://bittrex.com/Account/Register"><strong>Here.</strong></a></p>
<p>Once you have signed up to bittrex, click on the āļŋ Wallets tab, as highlighted in red:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770d7eeba2.png" width="1921" height="150"/></p>
<p>This will take you to your bittrex wallets page, where wallets for all crypto-currencies listed on the exchange can be accessed for deposits and withdrawals. We want to deposit the bitcoin, so we press the <strong>+ </strong>sign next to where it says bitcoin, as highlighted in red:</p>
<h3><img src="https://i.imgsafe.org/770d917c2c.png" width="1920" height="605"/></h3>
<p>Then we generate our bittrex bitcoin deposit address and send our bitcoins across. This is mine for example:&nbsp;</p>
<p><em>(You will generate your own unique bitcoin address and that is where you want to send your bitcoins to)</em></p>
<p><img src="https://i.imgsafe.org/770d938b8b.png" width="1192" height="896"/></p>
<h3><br></h3>
<p>Now that your bitcoins are in your bittrex account go to the STEEM market by clicking on the market tab, as highlighted in red:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/775b834e2b.png" width="1920" height="865"/></p>
<h3><br></h3>
<p>Looking at the market trading history graph and the live trading data, decide on what price you want to buy your STEEM at. There are many different types of buy orders you can place, but for the purpose of this walkthrough, I opted to buy 1 STEEM at a pre-determined, particular price. Go to the trading execution box and enter your specifics. So for me, it was buying 1 STEEM at 0.00592959, as you can see in the following picture:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770d9e37a8.png" width="1396" height="700"/></p>
<p>Once you have entered you information, press <strong>+Buy STEEM</strong>. You will then be asked to confirm your purchase as follows:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770daa9b96.png" width="1126" height="1080"/></p>
<p>Confirm.&nbsp;</p>
<p>You will see this confirmation when your order is filled:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770db0587b.png" width="714" height="314"/></p>
<p><br></p>
<p>Now, if you go back to the wallet section of your bittrex account you will see your newly purchased STEEM is now in your STEEM wallett. My 1 STEEM is now in my STEEM wallet. I now want to withdraw this 1 STEEM, ready for depositing into my steemit account wallet. To do this, click the<strong> - </strong>sign next to where it says STEEM, as highlighted in red:</p>
<p><img src="https://i.imgsafe.org/779eebe3f6.png" width="1586" height="660"/></p>
<p><br></p>
<p>To confirm the withdrawal, enter your steemit username into the registered acct. box. So for me, because my steemit username is yogi.artist, that is what I enter and the amount of STEEM that you want to withdraw, so for me that is 1 STEEM. You can also write a little memo for the withdrawal if you want to, but you don't have to. You can see I've entered "withdrawal to my steemit account wallet" in the memo box. Once all of the correct information is filled in, click the blue "withdrawal" button:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770dc743df.png" width="1105" height="1080"/></p>
<h3><br></h3>
<p>Confirm the information is correct to initiate the withdrawal:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770dcb9bf1.png" width="1196" height="760"/></p>
<p>You will then see this:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770dd17b62.png" width="718" height="124"/></p>
<h3><br></h3>
<p>For security reasons, Bittrex requires you to confirm any withdrawals you make via email. These confirmations are sent to the email address that you registered with Bittrex when you signed up. Here you can see my confirmation email:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770ddad3ef.png" width="1304" height="404"/></p>
<h3><br></h3>
<p>This is what the confirmation email will look like. Click the blue link, as highlighted in the red box below:</p>
<p><br></p>
<p><img src="https://i.imgsafe.org/770debd99d.png" width="1194" height="916"/></p>
<p><br></p>
<p>Now, go to your steemit account wallet. You can see that the 1 STEEM that i purchased on bittrex has been deposited into my steemit STEEM wallet, as confirmed by the balance. Now you want to turn this STEEM into STEEM POWER. To do this, click on the little blue down arrow next to where (in my wallet anyway) it says 1.000 STEEM, as highlighted in the red box:</p>
<p><img src="https://i.imgsafe.org/770e032305.png" width="1920" height="914"/></p>
<p><br></p>
<p>When you click on this little blue arrow, you are shown a drop down menu, with the option to Power Up your STEEM, as shown here:</p>
<p><img src="https://i.imgsafe.org/770e135473.png" width="1920" height="844"/></p>
<h3><br></h3>
<p>Click where Power Up is highlighted. You then see this confirmation screen:</p>
<p><img src="https://i.imgsafe.org/770e1a3acd.png" width="1196" height="954"/></p>
<h3><br></h3>
<p>Click "Power Up"</p>
<p>You are now Powered Up. The history box, as highlighted in red below, confirms the transfer.</p>
<p>That's it!</p>
<p>If you found this helpful then please upvote so that other users can benefit from this guide. If you're feeling really generous, you're also more than welcome to tip my bittrex bitcoin address, as shown above. I'll only spend it on more STEEM, so it's for a good cause!</p>
<p>Thanks for reading.&nbsp;</p>
</html>
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vote details (111)
@binkley · 
**Thanks for sharing. I have been trying for a week to buy steem but there is always an error.**  I was trying PoloNiex 	*"STEEM is currently under maintenance or experiencing wallet/network issues.  Deposits and withdrawals will remain disabled until a solution is found, which may require an update from the STEEM team. Any updates must be tested and audited before enabling"*

Hoping your way will work for me. I don't use bitcoin though I Have a position in Litecoin but I think the same steps will apply. Thanks Going To Try Again Now. **Wish The Devs Could Get Something Easier Worked Out To Buy Steem. For The Betterment Of The Community.**
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@calaber24p · 
Great Job!
👍  ,
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vote details (2)
@yogi.artist · 
Thanks calaber24p
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@clixmoney · 
very good tutorial, please tell me how you add so much tags ?
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@firepower · 
Thank you for putting this together!
👍  
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vote details (1)
@freakygeak · 
nice step by step question what does one do without the use of a cell phone what steps are taken when just using a computer ?
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@gatoso · 
tutorial perfect, thanks
👍  
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vote details (1)
@hansmast · 
Bittrex has changed their interface and this post is out of date. Here's an updated version: https://steemit.com/steemit/@hansmast/introduction-and-answers-to-common-questions-how-to-transfer-steem-from-exchanges-binance-bittrex-etc-to-your-steemit-wallet
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@joeyp978 · 
Hmm... Interesting, didn't realize the SP locks in for 2 years...
👍  ,
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@jeffreyb · 
The time required to "power down" has changed to 3 months.
👍  ,
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@joeyp978 · 
What was it previously? And how recently did it change?
👍  
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vote details (1)
@ldhawan · (edited)
This post was extremely clear and well written. I bought Steem a few days ago and just realised that I should probably convert it to Steem power to get value out of it as I am intending to hold on to this coin for a while. 
Thanks for the clear walk through, with the bonus of showing people how to buy coins on Bittrex as well. Good job!!
Edit: Does it take a while to get that email? I entered my username (ldhawan) and got the withdrawal notice on the site but no email yet. I transferred 5 Steem to test it out and those 5 steem are gone from my Bittrex wallet but have yet to reach my Steem account. It's been around 5 minutes since I did it. Thanks.
Another edit: As I was typing this, it got credited to my account. Phew!!! Ok, now on to the next step of converting to Steem Power, which was so clearly explained by you. Gonna be a breeze!! Thanks man
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@lukestokes · 
Well done! Thanks for putting this together. I stumbled through all this myself and it was a little intimidating, even though I've been in the crypto world for a while. This should help a lot of people.
👍  
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@me-tarzan · 
Thanks ,  very helpful to many beginners in the world of crypto.
👍  
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vote details (1)
@mindofabeast · 
Thanks for posting this tutorial -- super helpful!
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@nkleet · 
Does powering up takes time? Today i powered up my 0.800 steem to steemnpower, it immedistely showed increment of 0.800 in steem power, when i checked after few hours, it was still old figure which was before powering up. How???

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@quantalysus · 
Thanks for the post @yogi.artist! I've been trying to figure out this platform for awhile. :)
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@qwertas · 
Good to have you here!
I invite you to support one of my projects:
https://steemit.com/money/@qwertas/lbry-credits-new-blockchain-based-decentralized-content-sharing-platform
👍  
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vote details (1)
@qwertas · 
Good to have you here!
I invite you to support one of my projects:
https://steemit.com/money/@qwertas/lbry-credits-new-blockchain-based-decentralized-content-sharing-platform
👍  
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vote details (1)
@razvanelulmarin · (edited)
very nice app, didn't know about it. Thank you for that. What's wrong with blocktrades though? I used that instead of bittrex, but i am noob too so maybe was a mistake. That being said, It's a pretty good guide.!
👍  ,
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vote details (2)
@sitaru · 
nice tutorial, really helpfull.
👍  
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vote details (1)
@timchau · 
This is a great tutorial.  Thank you.
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@urbanoid · 
Not so easy to get around the platform but finally, this simple tutorial by yogi.artist did the job for me. Highly recommended.
👍  ,
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vote details (2)
@ursteemitgirl · (edited)
Hi @yogi artist, I have a question. How many steem do you need to increase your steem power? And how long will you wait to see your steem power increase? Thank you :)
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@vergefiend69 · 
Excellent troll combat advise as a bonus, lol. It saddens me how often a troll trolls just to troll. It makes me happy people will take the time to help other people understand new things. The world would be a better place if everyone took the time to explain things to each other. Unfortunately it is a world of fast food and fake Khardashians.
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