BTC to STEEM conversion chart
Bitcoin to Steem correlation
Technical analysis indicates that there is a strong relationship between Bitcoin and Steem. BTC and STEEM are positively correlated assets and they tend to move together. If BTC price shoots up then there are chances that Steem also follows this pattern.
BTC Price Change and Market Cap
Currently, the BTC price is 438013.6 STEEM. According to the Bitcoin price chart, the 24-hour change is -1.01%. The total market capitalization of Bitcoin is $68505 with 67917.69 BTC in circulation. In the previous 24 hours, the Bitcoin price hit highs of 459423.25 STEEM and lows of 410548.44 STEEM.
Bitcoin Price Prediction
Bitcoin is the most valuable cryptocurrency with a market cap of over $170 Billion as of June 2020. BTC is popular for the huge return on investments with a ROI close to 7,000%. Bitcoin price reached a peak of $20,089.00 on December 17, 2017. At the beginning of 2020, the Bitcoin price was $7,207.59 and it grew exponentially for the whole of January. In February, BTC price crossed the long-awaited ten thousand dollar mark. Unfortunately, Bitcoin price plummeted in the following months and BTC touched the lows of $4,656.31 on March 16 alongside the COVID-19 pandemic outbreak.
Technical analysis suggests that by 2025, Bitcoin price will be closer to $100,000. On the other hand, many crypto enthusiasts suggest that Bitcoin will hit the Million Dollar mark in 2025, we want it to happen too. For more detailed Bitcoin price prediction check our detailed analysis below.
Bitcoin Wallets
Don’t have a wallet yet?
If you are looking for a software wallet, pick Exodus, if security is your major priority, choose either Trezor or CoolWallet S. In all these wallets you can track the live bitcoin price as well as other cryptocurrencies. Either way, you will be able to exchange Bitcoin at the best rates with ChangeHero in these wallets.
BTC to STEEM exchange margin
Considering today’s exchange rate, a transaction of 1 BTC to STEEM would result in an output of 438013.6 STEEM.
How to convert Bitcoin to Steem
Bitcoin and Steem comparison
Bitcoin was developed by Satoshi Nakamoto in 2009 with the idea of providing a peer-to-peer payment system using blockchain technology. Bitcoin network is decentralized and has an immutable record of transactions. The sole purpose of Bitcoin is to enable a means of payment system for people to transact value without any middlemen.
Steem is a community-focused blockchain that creates an instant earning opportunity for the network’s users. The protocol is designed to provide an earning opportunity for customers based on their value to the network. It is designed to provide users with a platform where they can post curated content online, and get paid in cryptocurrency.
What is Bitcoin?
Bitcoin is a blockchain-based digital currency; it is a peer-to-peer version of electronic cash which allows the payments to be made without any intermediaries such as financial institutions. Bitcoin trades under the ticker symbol BTC. Launched in 2009 by Satoshi Nakamoto, Bitcoin is aimed at giving the masses financial freedom and developing a trustless economy.
Bitcoin is the first cryptocurrency based on blockchain technology. BTC remains to be the most popular digital currencies despite the inception of plenty of altcoins. In recent years, Bitcoin price sky-rocketed and captured the attention of many investors all over the world. Many merchants across the globe are now accepting payments in this cryptocurrency.
Some of the advantages of using the Bitcoin include lower transaction fees, high security and decentralization. The impact of this cryptocurrency is so huge that it led to the development of many other virtual currencies often referred to as altcoins. Bitcoin laid the foundation for the much-needed cryptocurrency industry in the past decade.
Bitcoin to Steem price details
BTC to STEEM Conversion Rate and Price
At the moment, the conversion rate for 1 BTC equals to 438013.6 STEEM. The 24-hour highest price of Bitcoin in relation to Steem was 459423.25 STEEM and the lowest was 410548.44 STEEM. In short, BTC price in relation to STEEM changed by -1.01%.
Instantly Exchange BTC to STEEM
On ChangeHero you can instantly exchange Bitcoin to Steem without registrations. You can easily convert BTC to STEEM in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your BTC to STEEM exchange.
BTC to STEEM Best Rate Exchange
In the the Best Rate exchange of Bitcoin to Steem, we search through various exchanges for the BTC to STEEM pair and find the best rate available in the market. We provide you with an estimation of the amount of STEEM you will receive.
As soon as you accept the terms and the BTC is deposited, the exchange will be automatically processed. We remind you that the final amount of STEEM you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of BTC to STEEM.
BTC to STEEM Fixed Rate Conversion
In the the Fixed Rate exchange of Bitcoin to Steem, ChangeHero finds a good rate for the pair BTC to STEEM and fix the rate for up to 15 minutes. In the Best Rate exchange of BTC to STEEM, you will receive the exact amount of STEEM which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the specified STEEM address. ChangeHero is the best place to exchange BTC to STEEM fast and safe at the best rates.
Frequently asked questions
How long does it take to convert BTC to STEEM?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange BTC to STEEM?
No, you do not require an account to swap BTC to STEEM on ChangeHero. There will be no registrations for your Bitcoin to Steem transaction.
Do I need to go through KYC procedures for BTC to STEEM exchange?
There will be no KYC for the BTC to STEEM exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange STEEM to BTC?
Yes, you can instantly exchange STEEM to BTC on ChangeHero.
Buy and sell Bitcoin
Looking to buy Bitcoin? On ChangeHero you can buy BTC with credit or debit card. Also, you can sell your cryptocurrency on ChangeHero for US Dollars and Euro. Give it a try.
