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Steemit Review

Depends

Should I use Steemit?

Communities without borders. A social network owned and operated by its users, powered by Steem. - steemit.com

· 1 week ago

Worth trying only if you are crypto-curious and treat payouts as a bonus, not income. Avoid it if you need stable earnings, mainstream reach, or hands-off account security.

Confidence

Medium. Based on 20+ public sources; most review snippets were truncated, so no verbatim quotes could be extracted.

Ratings

  • Value for money
  • Ease of use
  • Feature depth
  • Support qualityNo support evidence found
  • Security posture

Pricing

$0

Steemit

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed
Free tierYes

Best for

  • Crypto-curious writers
  • Reddit-alternative explorers
  • Blockchain community testers

Not for

  • Anyone counting on reliable income
  • Non-technical users who won't manage keys
  • Brands wanting mainstream audience
  • Censorship-sensitive publishers

Gotchas - check before you buy

high

Lose your master key, lose your account permanently

high

Platform can ban accounts and seize funds via softfork

medium

Earnings depend on volatile STEEM token price; income can evaporate

medium

Phishing clones impersonate Steemit; verify URLs before logging in

Pros and cons

Pros

  • Free to join and post; no subscription
  • Pays real crypto for posts and curation
  • Passed 1 million registered users by May 2018
  • Development funded through community DAO proposals

Cons

  • Company downsized during the 2018 crypto crash
  • Confiscated user accounts via softfork, one valued $5k+
  • Recurring phishing scams and account hacking
  • Tron acquisition triggered community rebellion and fork
  • Many users report disappointing earnings

Sources & method

- 10 sources - Active threat environment: account takeovers, phishing clones, and platform confiscations documented; no known CVEs.

review x5security x2news x3
  • White-hat takeover of 11 accounts, Researchers seized 11 accounts holding $21,749 in STEEM/SBD to expose weak account security.
  • Phishing clones target users, Fake sites like 'Sleemit' and phishing scams steal login keys from users.
  • Account confiscation via softfork, A user reported $5k+ in holdings confiscated after a community softfork.

Key stats

  • Value for money: 3/5

    Rating

  • $0

    Starting price

  • 10

    Sources

  • Analyzed

  • Value for money: 3/5. Free, but payout value swings with token price
  • Ease of use: 2/5. Crypto key management trips up beginners
  • Feature depth: 3/5. Blogging, communities, wallet, blockchain payouts
  • Support quality. No support evidence found
  • Security posture: 2/5. Documented hacks, phishing, confiscations
  • Free Price Earns STEEM; no subscription
  • 1M+ Registered users Announced May 2018
  • $893.1K Total funding Per Crunchbase

Pricing

Steemit

$0

  • Post, comment, earn STEEM
  • Built-in Steemit wallet

Security

Active threat environment: account takeovers, phishing clones, and platform confiscations documented; no known CVEs.

  • White-hat takeover of 11 accountsResearchers seized 11 accounts holding $21,749 in STEEM/SBD to expose weak account security.⁹
  • Phishing clones target usersFake sites like 'Sleemit' and phishing scams steal login keys from users.
  • Account confiscation via softforkA user reported $5k+ in holdings confiscated after a community softfork.10

What users say

Users report real but small, volatile payouts; several reviews describe disappointment, hacking worries, and eventual abandonment.

Full analysis

Based on 20+ public sources; most review snippets were truncated, so no verbatim quotes could be extracted.

Free crypto social network. Post, earn volatile STEEM. Fun experiment, unreliable income.

Methodology

Based on 20+ public sources; most review snippets were truncated, so no verbatim quotes could be extracted.

Read how a report is made.

Sources

  1. Steemit Review: Pros, Cons, And How To Earn Cryptotradersunion.com
    review
  2. Is STEEMIT A SCAM? (r/CryptoCurrency)reddit.com
    review
  3. Why i Stopped Using Steemit (r/steemit)reddit.com
    review
  4. My steemit review 1 month in. And making money!reddit.com
    review
  5. Steemit — An Incentivized Social Media Platform or a Scam?medium.com
    review
  6. Steemit Announces over 1 Million Userscrypto.news
    news
  7. Blockchain social media startup Steemit downsizes as cryptocurrency crash bitessiliconangle.com
    news
  8. Steem vs Tron: The rebellion against a cryptocurrency empiredecrypt.co
    news
  9. We just hacked 11 accounts on Steemitsteemit.com
    security
  10. Yesterday I had my accounts confiscated valued at $5k+reddit.com
    security

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