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Comparison

Steemit vs Substack

Steemit and Substack both land on Depends.

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Steemit versus Substack
CompareSteemitSubstack
VerdictDependsDepends
Best forCrypto-curious writersIndependent writers and journalists
Who it's not forAnyone counting on reliable incomeBusinesses needing brand control or custom design
PrivacyActive threat environment: account takeovers, phishing clones, and platform confiscations documented; no known CVEs.⁹Two confirmed incidents: an October 2025 breach exposed user emails and phone numbers; another security incident was disclosed February 2026.
Support qualityNo support evidence foundAutomated replies; hard to reach humans
Public sentimentUsers report real but small, volatile payouts; several reviews describe disappointment, hacking worries, and eventual abandonment.³Reviewers praise the ease of use and monetization, but many complain about automated support, platform fees, and Substack turning into another social network.14
Biggest gotchaLose your master key, lose your account permanentlySupport is auto-replies; no clear human escalation channel per user reports.15

Pick Steemit when

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

When Steemit is not a fit

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

Pick Substack when

  • Independent writers and journalists
  • Creators monetizing paid newsletters
  • Zero-budget personal publications
  • Writers wanting built-in discovery

When Substack is not a fit

  • Businesses needing brand control or custom design
  • Teams that require reliable human support
  • Anyone collecting sensitive subscriber data
  • Marketers needing funnels, automations, or CRM features

Sources

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  16. official