At last, I managed to find an easy way to buy STEEM tokens and if you're interested in buying these in a hurry (i.e. before the price shoots up), I thought the following summary might help.......
The first step is to have a coin/token wallet. However, there is no need to set-up a new wallet as it is already built-in within this STEEMIT social media platform. To see this wallet, click on your profile photo on the top-right-hand of your STEEMIT page.
Now click on the "Sandwich" symbol on the top-right-hand of your STEEMIT page and select "Buy Steem" and complete the form. The most important thing you need is the type of coin you will be depositing here and the Public Key (aka Public Address) which is a mixture of numbers and characters (e.g. "1E9m...."
All you have to do now is transfer either some BITCOINS or ETHER coins from a CRYPTO exchange. I used COINBASE exchange as it also allows you to buy these two coins using the USD from scratch if you don't already own these coins. I found buying with my VISA Credit Card was a faster and more convenient option for me. Although it's possible to buy either STEEM or STEEM POWER tokens, it's probably a good idea to buy STEEM first and then power-up to STEEM POWER later within this platform.
If you're a Newbie to STEEMIT and need a detailed STEP-BY-STEP guide on how to do this, use the following link to an excellent post by @timcliff. Please note that the step regarding the DEPOSIT has been updated/simplified in STEEMIT (as explained in the comments under that post)....
https://steemit.com/steem/@timcliff/newbie-guide-how-to-buy-steem
I hope this helps but if you know of a better method, please let me know by commenting below.
I'm now working on how to backup these tokens offline for security purposes. If you already know how to do this easily, please add your comments below.
Great article @jmsm2! The ease or purchasing Steem is one of the huge benefits of Steem. Also, you may want to look into linking a bank account to your coinbase as you are paying a premium for CC/Debit deposits. I believe it's 3.99% of total deposit for CC/Debit and only 1.49% for bank account. Makes a huge difference in your profit margin! Keep up the good work!
Thanks for the tip @elderfinancial, and I will look into this. The thing that attracted me to the credit card method was that as long as you pay it back in full when you get the first demand, you get one month of free credit which could be useful if you're doing short-term trading.
I am new on steem. Very helpful post. Thanks