Steemit is a blockchain based social media platform that rewards you for creating, publishing and curating content. Anyone is allowed to submit content and based on your preferences you can upvote or downvote, follow certain topics, and discuss posts with other users. You can create a Steemit user account for free.
How does Steemit work?
Steemit stores all its content on the Steem blockchain and is based on rewards schemes. That means that the platform pays the content creators when their content gets upvoted, but also pays the people who curate content on the platform by upvoting others’ work.
How does Steemit pay its users?
Steemit won’t pay you in fiat currency such as dollars, euros, or yuan. Instead, the platform uses its own digital currencies (Steem Blockchain coins) and they are: STEEM, Steem Power, and Steem Dollars. Payouts are made seven days after the post/comment is posted, and you can claim it in your wallet after seven days.
How to get started?
Starting with this social media platform is easy. If you’re a regular on social media platforms such as Reddit or Facebook, you’ll have no problem getting along with Steemit.
Here are the steps that will help you create your first post:
- Go to the Steemit website and set up an account. You can use your Facebook or Reddit account, and don’t forget to set a secure password.
- Create your first post. At the top right of the screen click on a button “Submit a Story”.
- Write a great post.
Piece of cake, right?
Once you get used to Steemit, you’ll see that some people have active, money-earning channels. For example, in the picture below you can see trending posts about Ethereum, and how much they earn through upvoting.
How can you earn money with Steemit?
The good news is that you can also earn money with Steemit, even as a new user.
Here are some tips to help you grow your channel:
- Post valuable content and post it regularly
- Find blog posts related to your topic and comment
- Share your blog posts on other social networks
- Engage with people who comment on your blog posts
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Conclusion
Steemit can be a great way to start earning with cryptocurrencies. The price of STEEM coins has been rising quickly and more and more users are joining in. Now is the perfect time to jump on the bandwagon. Remember, Steemit is free and you have nothing to lose if you try.
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