Similar to SP, SMD tokens cannot be purchased directly on an external exchange. SMD are primarily earned through contributing but can be purchased by converting STEEM tokens to SMD tokens.
Actually Steem Dollars can now purchased on external exchanges !
https://poloniex.com/exchange#btc_sbd
https://bittrex.com/Market/Index?MarketName=BTC-SBD
PS Abbreviation of SBD = Steem Backed Dollars
or just SD = Steem Dollars (not SMD please edit)
@elargroup, can a person purchase steem dollars on poloniex and then transfer them into your personal wallet? Just trying to figure this out... Thanks, Dave
Thanks, I don't yet understand what everything here means. I'm trying to go through the help articles people are posting. I'm still a newbie and trying to catch up, I feel like someone put in the cockpit of a 747 and said, "ok, there you go!". I printed out what you put here so I'll try to figure it out as soon as I can. Thank you! <3