I have just added Binance to my 'Steem Transfers to exchanges' chart.
As you can see on the charts below, Poloniex is still losing market share rapidly. It is impossible to withdraw or deposit STEEM on Poloniex since Januari 25 (again). I no longer use Poloniex.
I'm happy STEEM has been added to Binance recently. It is my favorite exchange to trade STEEM right now. STEEM withdrawals are still disabled on Binance, so hopefully they will open this shortly.
The first chart below shows all deposits and withdrawals on the exchanges over the last 3 months. The next 3 charts show the amount of STEEM users have stored on Bittrex, Poloniex and Bittrex.
Together, there is almost 40 million STEEM stored on the bitcoin exchanges, while the total amount of liquid STEEM is 67,765,507 STEEM currently. This means about 60% of all liquid STEEM is stored on an exchange.
Daily Steem Transfers from and to exchanges
| Date | From Bittrex | From Poloniex | From Binance | To Bittrex | To Poloniex | To Binance |
|---|---|---|---|---|---|---|
| 2018-02-04 | 107,155 STEEM | 0 STEEM | 0 STEEM | 108,636 STEEM | 1,500 STEEM | 17,414 STEEM |
| 2018-02-03 | 87,684 STEEM | 0 STEEM | 0 STEEM | 23,028 STEEM | 4 STEEM | 37,469 STEEM |
| 2018-02-02 | 285,390 STEEM | 0 STEEM | 0 STEEM | 105,620 STEEM | 28 STEEM | 173,670 STEEM |
| 2018-02-01 | 1,376,245 STEEM | 0 STEEM | 0 STEEM | 1,062,529 STEEM | 2 STEEM | 1,363,669 STEEM |
| 2018-01-31 | 107,532 STEEM | 0 STEEM | 0 STEEM | 413,887 STEEM | 302 STEEM | 0 STEEM |
| 2018-01-30 | 135,761 STEEM | 0 STEEM | 0 STEEM | 108,607 STEEM | 322 STEEM | 20 STEEM |
| 2018-01-29 | 64,792 STEEM | 0 STEEM | 0 STEEM | 505,294 STEEM | 7,528 STEEM | 0 STEEM |
8. STEEM stored on Bittrex
8. STEEM stored on Poloniex
8. STEEM stored on Binance
Binance has captured good volume in very short time and I am feeling that same will happen to steem volume of bittrex that has happened to poloniex volume.
great new bro for binance we can trade steem or exchange.
i dont trust any exchange except bitshares
Nah, Bittrex is OK.
Im impressed with the low amount of liquid STEEM..cant wait for that number to be even lower
It's just a beginning of new era of steemit.
It will probably overtake facebook in near future !
Wooow binance Are you serious? It's really too much. I think it's time to move to the binance now. Thank you for your share I used poloniex before. I was thinking of changing. I decided at your disposal.
Thanks for continuing to bring great information about the Steem ecosystem :)
Yes, I was trading on poloniex. But after this beautiful sharing, my ideas will change. Thanks for everything.
yeah i also treading with poloniex. nice @slayer10
it was a great and informative post ....
i always prefer that kind of post @penguinpablo
am a victim of poloniex , cant trade or move my steem, binance was my move the moment they made steem available
Thanks for this analysis. It definitely puts the supply/demand of steem in perspective.
Helpful article! thanks for this precious informations I am still very new to crypto, and had been wondering what are more safely among Poloniex, Bittrex and Binance?
If you have large amounts I would suggest to use 2 or even 3 exchanges. Then your risk is divided a bit, which helps if something happens with one of these exchanges.
Wow ... thank U for the info, I love Binance now even more... first news
Poloniex is going down and it is on a lot of other coins... not only STEEM
60% stored in exchange platforms worries me a little bit, because you can store it on your STEEM account and take dividends from it, why wouldn't you transfer at least half of what you have to SP and then when you start to run out of STEEM in the exchange platform because you sold (which is a mistake) you can Power Down and suddenly you are receiving STEEM everyday. It's safer and you will get free STEEM + SBD!!
I'm just guessing that numerous people bought crypto coins because it's a hype and that they are really clueless what they bought. And/or people that are just speculating but don't have a steemit account.
Either way, you should not hold you coins on exchange platforms, it's not safe... that´s why a lot of coins has it own wallet.
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Thanks for this information. I also never use poloniex.
I don't think the crappy poloniex is anymore needed with the Binance addition. Charts indicate that too.
wow !! somewhat high figures, it's good that this is the option for these types of STEEM transfers. thanks for the contribution friend, happy week
I am using polonyex. after this information. I'm sure I will use binance. thank you so much :)
it's good that this is the option for these types of STEEM transfers. thanks for the contribution friend, happy week
thanks a lot for that post! good quality information
thanks for the information @penguinpablo, I am after hearing information from you will never use poloniex application
This is an amazing information. Great insights!
This is good information. this shows that 25% of the total circulating supply of steem is on exchanges and 75% is in wallets. most of the later is in steem power i assume and hence it will not drop quickly with the market.
its good informatio. its teaching and helping tips for us and everybody must need to know it. a big thanks for share your valuable content
Great article. I use binance and genesis mining to add to the exchange. Re steemed. Follow me.
good news
I am just hoping Binance will soon enable STEEM trading as smooth as we want. I give binance an upvote with all sincerity.
Why would someone store Steem on an exchange account. Isn't is best powering up and using it for more curation. What good does it do lying in the exchange wallet ?
I know powering up locks it down for 13 weeks. Any other good reason ?
trading...
thanks for sharing@penguinpablo you have share such awesome information with us.. :)
actually thats really alote, but for the exchanges i don't really trust them , for Yobit they already stole about 0.1 BTC from me , for the moment i'm using HitBTC but i dont really trust it too !
Thanks for sharing @penguinpablo i like your sharing my friend
wow thanks for this information @penguinpablo
i will be use Binance. thanks
I don't know about seriously
So, there's nearly 20% of the liquid supply of Steem that can't be accessed sitting at Poloniex? Gee lack of regulation is great, until its your money that gets held hostage with no means for recourse.
Binance now. What is next? Thanks for sharing
Who’s been dumping all of their Steem into bittrex? 60% is a heavy amount.
Do we need to start a public education campaign targeting bittrex users that the value of Steem lies in powering it up instead of swing trading on exchanges? :p
Gracias por compartir
please vote back
Until there's no insurance / gov guarantees of the funds stored on the exchanges the decentralized exchanges is the way to go.