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RE: Famine on the Steem Blockchain - Strategy - Steem backed by SBD and USD? - 144
Some exchanges allow you to buy certain crypto with fiat. Bitcoin is the most popular but there are some altcoins you can trade fiat for as well. Then you use them to trade for Steem or what ever other crypto currency you want.
Which one do you use?
I am rather new to crypto but have used Binance / Coinbase and btc-alpha.
If you meant what coin do I use to buy fiat with to then trade for other currencies ..... I have used Bitcoin and ETH and a couple others I am forgetting. From my short experience Bitcoin is the worst coin to use in this circumstance due to its transfer fees. So if you plan on buying a coin to immediately trade for another stay away from Bitcoin as you will loose value.
As a side note .. I can no longer get into my Binance account as my 2FA is no longer working. I got $1000 invested there also. I am sure I will find a way back in sooner or later. I currently mostly stick to doing bounties for crypto.
That really sucks! Hopefully you get your money out.
We need a way to buy Steem directly.