Ever since the Syscoin hack on July 4th Steem withdrawals have been unavailable on Binance. I've been checking everyday recently because I've wanted to withdrawal 440 Steem. Today that time has come.
I originally purchased this Steem with the intent on swing trading it. However, Steem hasn't swung up yet and now I want the Steem power instead. Wish me luck as I chug forward to 2000 SP.
Notice the 1.5 cent transaction fee, yet another one of the awesome things about Steem. It should be free but I'll give Binance a break on taxing me less than 2 cents on 440 Steem. Coins sent to my Binance wallet from Steem are free and only take 3 seconds (one block) to post.
The speed at which Steem transactions post should be a good indicator for mainstream adoption. Our blockchain can process payments just as fast as an ATM card can. Public addresses are readable instead of being blocks of 45 random characters. With the impending advent of SMTs a Steem-based payment card could be here sooner than you think.