How to Buy Steem Dollars (SBD)

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Where Can You Buy Steem Dollars (SBD)?

Even though Steem Dollars is not listed for trading on BingX yet, here are some of the most popular ways you can purchase SBD and add it to your crypto portfolio:

Self-Custody Crypto Wallets with Built-In Swap

Alternatively, you can acquire SBD via crypto wallets that offer built-in swap functionality, giving you full control over your private keys at every step. Popular wallets like MetaMask, Trust Wallet, and Phantom allow you to swap major tokens (for example, USDT or ETH) for SBD through their integrated swap providers. While swap fees in these wallets can be higher than on exchanges, the trade-off is that you maintain custody of your assets from end to end, without relying on a third-party platform.

Decentralized Exchanges (DEXs)

For those who prefer a trustless, peer-to-peer approach, decentralized exchanges (DEXs) are an excellent option. To use a DEX, simply connect a compatible wallet based on the blockchain Steem Dollars is issued on, such as MetaMask or any WalletConnect-enabled app, and swap a base token like USDT or WETH for via smart contracts. Just be sure you hold enough of the network’s native currency (ETH on Ethereum, SOL on Solana, TRX on TRON, etc.) to cover transaction fees, and adjust your slippage tolerance as needed to ensure a smooth swap.

Other Centralized Exchanges (CEXs)

Buying Steem Dollars on centralized exchanges (CEXs) is fast and beginner-friendly. Simply choose a reputable platform that lists SBD - one with robust liquidity, a solid security track record, and competitive trading fees. Once you’ve completed your purchase, you have the flexibility to withdraw SBD directly to your personal wallet for self-custody or, when it’s supported, deposit it into your BingX account for seamless spot trading.

Should I Buy Steem Dollars (SBD) Now?

Check out Steem Dollars 's market stats today before deciding whether you will buy it now.

Steem Dollars (SBD) Investment Calculator

If I had purchased $100 worth of Steem Dollars over the past few years, how much would it be worth now? Use our ROI calculator to explore Steem Dollars ’s historical performance and discover its potential value over time.

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How to Buy Steem Dollars (SBD): A Step-by-Step Guide

Follow these simple steps to get your hands on Steem Dollars and include it in your portfolio:

Buy SBD via a Crypto Wallet Swap

Install a Wallet: To get started, please install a Web3 wallet; options like MetaMask, Trust Wallet, or Phantom Wallet are all great choices.

Fund with Base Tokens: Next, fund your wallet with a common token such as USDT or , either through the wallet’s built-in fiat on-ramp or by depositing from another exchange like BingX.

Open the Swap Feature: When you’re ready, open the swap feature, select your base token (such as USDT and Steem Dollars and then , and enter the amount you’d like to swap.

Adjust Slippage: To help ensure your transaction goes through smoothly, kindly adjust the slippage tolerance to around 1-2%.

Confirm & Receive Steem Dollars: Finally, confirm the swap and wait for the on-chain confirmation. Your new SBD tokens will appear directly in your wallet shortly.

Buy SBD on a Decentralized Exchange (DEX)

Select a DEX: First, choose a DEX that supports SBD, such as Uniswap, PancakeSwap, or SushiSwap.

Connect Your Wallet: Then, connect your wallet by clicking “Connect Wallet” and selecting MetaMask, WalletConnect, or another compatible option.

Acquire Base Token: Ensure you have enough of the DEX’s base token (for example, USDT, WETH, or BNB) in your wallet.

Swap for SBD: Select the base token → SBD, enter the amount you want to purchase, and adjust your slippage tolerance to your preference before confirming the swap.

Pay Gas Fees: Don’t forget to keep some of the network’s native currency (ETH for Ethereum-based DEXs, BNB for BNB Chain, etc.) handy to cover gas fees.

Buy SBD on a Centralized Exchange

Choose a CEX: Begin by choosing a reputable centralized exchange that lists . Look for platforms with a strong security record, healthy trading volume, and transparent fee tiers.

Sign Up & Verify: Once you’ve selected your exchange, kindly sign up for an account and complete any KYC requirements to unlock full deposit, withdrawal, and trading features.

Fund Your Account: Next, deposit funds - whether fiat via bank transfer or card, or crypto such as USDT, BTC, or ETH.

Place an Order: Navigate to the spot market, select the SBD/USDT (or another) trading pair, and place a Market or Limit order based on your preference.

Withdraw to Your Wallet: After your order fills, you can conveniently withdraw SBD either to your own self-custody wallet or, when available, directly to your BingX address for seamless future trading.

Best Wallets to Store Steem Dollars (SBD) Securely

Hold in a Non-Custodial Wallet
Holding Steem Dollars in a non-custodial wallet puts you in full control of your assets: as the saying goes, “not your keys, not your coins.” By using wallets like MetaMask or Trust Wallet, or opting for hardware solutions such as Ledger or Trezor, you retain sole ownership of the private keys that secure your holdings. This approach is ideal for long-term HODLing and for interacting directly with DeFi protocols without intermediaries. Just remember to back up your seed phrase offline; if you lose it, you lose access to your tokens permanently.
Store in Your CEX Wallet
If you prefer to keep your SBD on a centralized exchange, simply send your tokens to a trusted CEX that already lists SBD and supports secure custody. Look for platforms with enterprise-grade safeguards, such as two-factor authentication (2FA), cold storage reserves, regular security audits, and insurance policies, to protect your assets. Storing SBD on a reputable CEX also gives you instant access to its trading features, such as spot markets, margin, futures, and any advanced tools they offer, without the hassle of moving funds between wallets.

FAQs About Buying Steem Dollars (SBD) on BingX

Why isn’t SBD on BingX yet?

Tokens undergo rigorous listing reviews before we make them accessible on BingX. Our team evaluates security, liquidity, and project fundamentals before adding new assets.

How much will buying SBD cost?

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