This is part of a series. To avoid confusion and mistakes please start at the beginning
Okay. You should now have
So you already have some open.steem thats pretty cool and all, but you really need to turn some of this stuff into vests to experience true STEEM POWER. How are we gonna do that? Relax, you already have one of the most advanced crypto-wallets ever devised by the minds of men. Thats right I am talking about BitShares... (Whenever I type ... I actually say Dun Dun Dun, and I would appreciate it if you would follow along at home)
in order to create a new account on the steem network you have to lock up a certain amount of STEEM into the new account as VESTS. The ammount of STEEM required is a blockchain parameter that is set by the witnesses. I will call it the steem-account-fee. The steem-account-fee is not really a fee. The funds are not burned, but are instead converted into VESTS, and those VESTS are used to initially fund your steem account. The current steem-account-fee as of this writing is 100.000 STEEM. Soon after April 24th this will probably decline greatly, as we switch from majority mining to elected witnesses (its okay if you have no idea what that means.)
Before you transfer go to steemd.com and look for the line that says account_creation_fee "100.000 STEEM" Whatever number is listed to the right is the minimum amount you must put in the 'amount' section below. Anything over that amount will be considered a tip. Thanks. (if its an obvious mistake hit me up, and I'll work to make it right)
Open your Bitshares wallet and click the send button on the top of the window. You should see something that looks like
the transfer is to bitshares account steem-register and the memo takes the form bitshares-account-name:steem-account-name and the amount of open.steem being sent is at least the steem-account-fee. Double check everything, and then click send. You will probably have to unlock your wallet. You will then see a confirm buton. Triple check everything and then click confirm. In a few minutes you should be the happy new owner of a registered steeem account. Give it a few minutes and then go to steemit.com/@steem-account-name to check. once that page loads properly then you are ready to move on to the next step
If it seems as if something went wrong Dont Panic. Send me a PM in slack or telegram or on bitsharestalk.org.
