How to Transfer STEEM between the BitShares and Steem Networks

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·@xeldal·
0.000 HBD
How to Transfer STEEM between the BitShares and Steem Networks
You can trade your _STEEM_ on the BitShares Exchange using OpenLedgers Deposit and Withdraw.
First you will need a BitShares account.  Start one for free here: 
[BitShares Exchange Sign-up and Market](https://bitshares.openledger.info/?r=xeldal#/market/OPEN.STEEM_OPEN.BTC)

If you already have an account the above link will take you to the STEEM / BTC market offered by OpenLedger.

_OPEN.STEEM_ is _STEEM_ held by OpenLedger for exchange

_OPEN.BTC_ is _BTC_ held by OpenLedger for exchange

In order to trade you will need to deposit either _STEEM_ or _BTC_.  The process is simple.

Using OpenLedger's wallet you can click the tab marked "Deposit/Withdraw" at the top and this will give you various exchanges to select from to make your deposit.  To use OpenLedgers OPEN assets described above you will select the "OpenLedger" tab from the available choices.  From here you can select Deposit or Withdraw and you will find a drop down of all available coins and instructions.

## **STEEM DEPOSIT**

To deposit STEEM to OpenLedger you will simply send your STEEM to the steemAccount:`"openledger"` with a memo: `"open.steem:<yourBitsharesAccount>"`  where `<yourBitsharesAccount>` is the BitShares account name where you are trying to deposit.  This will automatically issue your BitShares account with OPEN.STEEM which can now be traded on the market linked above. (or any market where OPEN.STEEM is traded)

Here is an example CLI command if I were to send from my steem account "xeldal" to a BitShares Account name "example":

_`transfer xeldal openledger "1.000 STEEM" "open.steem:example" true`_

**[UPDATE]** _Steemit.com now has a wallet.  Click on your profile icon in the top right and select "Wallet" .  Then click the small carrot beside your steem balance and select "transfer" and fill in the "To" and "Memo" fields as described above._

## **STEEM WITHDRAWAL**

To Withdraw your _OPEN.STEEM_ back to real _STEEM_ on the Steem Network, simply send your _OPEN.STEEM_ to bitsharesAccount:`"openledger-wallet"`  with the memo `"steem:<yourSteemAccount>"`  Where `<yourSteemAccount>` is the Steem Account name you are trying to withdraw to.

The form to send _OPEN.STEEM_ can be found as a top tab on OpenLedger marked "SEND".  Just fill out the appropriate fields and select _OPEN.STEEM_ from the drop down in the "Amount" field.

**[UPDATE]** _You can now also use openledgers withdraw function from the "Deposit/Withdraw" tab.  Just select OPEN.STEEM from the drop down, click Withdraw Now and fill in the fields.  In this case the "To" field is the destination STEEM account and no memo is necessary._ 

I recommend trying with a small amount first before transferring large amounts to ensure everything is working and you've enter everything correctly.
The process should only take a few seconds to complete.

If anything goes wrong just contact someone on the [STEEM slack channel](https://steem.slack.com)  or on the [BitSharesTalk Forum](https://bitsharestalk.org) someone there will help you sort it out.
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