<center>![exchange_transfer_report_header.png](https://steemitimages.com/DQmRpmjPAh61jmJkJUdrVrXVgPj9QAeLfqBDzFAzZnYUGX5/exchange_transfer_report_header.png)</center>

USD values are calculated per day via API feeds from Cryptocompare (for STEEM and SBD values in BTC) and Coindesk (for USD value of BTC). For the top 50 reports in USD terms, I take the average USD value for STEEM and SBD for the week using the daily closing price which came out to:

- STEEM: $2.19279
- SBD: $2.33181

*Previous Report:*

- STEEM: $2.88952
- SBD: $2.95956

## Assumptions

Please see <a href="https://steemit.com/steemit/@lukestokes/steemit-money-who-is-cashing-out-who-is-powering-up">the first report</a> for a detailed explanation of my personal assumptions related to what this data could mean (along with commentary on previous reports). What it does not show is people powering up, powering down, or if they are buying or selling on an exchange. It's just some interesting data dealing with transfers to and from exchange accounts.

## Linked Accounts

hitbtc includes hitbtc-exchange and hitbtc-payout, freewallet.org includes freewallet, openledger includes openledger-dex, binance includes binance-hot and deepcrypto8, upbit includes upbit-exchange and myupbit, and gopax includes gopax and gopax-deposit.

## Previous Reports
<a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-3-4-2018-to-3-10-2018">83</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-2-25-2018-to-3-3-2018">82</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-2-18-2018-to-2-24-2018">81</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-2-11-2018-to-2-17-2018">80</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-2-4-2018-to-2-10-2018">79</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-1-28-2018-to-2-3-2018">78</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-1-21-2018-to-1-27-2018">77</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-1-14-2018-to-1-20-2018">76</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-1-7-2017-to-1-13-2018">75</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-12-31-2017-to-1-6-2018">74</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-12-24-2017-to-12-30-2017">73</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-12-17-2017-to-12-23-2017">72</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-12-10-2017-to-12-16-2017">71</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-12-03-2017-to-12-09-2017">70</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-11-26-2017-to-12-02-2017">69</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-11-19-2017-to-11-25-2017">68</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-11-12-2017-to-11-18-2017">67</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-11-05-2017-to-11-11-2017">66</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-10-29-2017-to-11-04-2017">65</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-10-22-2017-to-10-28-2017">64</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-10-15-2017-to-10-21-2017">63</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-10-8-2017-to-10-14-2017">62</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-10-1-2017-to-10-7-2017">61</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-9-24-2017-to-9-30-2017">60</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-9-17-2017-to-9-23-2017">59</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-9-10-2017-to-9-16-2017">58</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-9-3-2017-to-9-9-2017">57</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-8-27-2017-to-9-2-2017">56</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-8-29-2017-to-8-26-2017">55</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-8-13-2017-to-8-19-2017">54</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-8-6-2017-to-8-12-2017">53</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-7-30-2017-to-8-5-2017">52</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-7-23-2017-to-7-29-2017">51</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-7-16-2017-to-7-22-2017">50</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-7-9-2017-to-7-15-2017">49</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-7-2-2017-to-7-8-2017">48</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-6-25-2017-to-7-1-2017">47</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-6-18-2017-to-6-24-2017">46</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-6-11-2017-to-6-17-2017">45</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-6-4-2017-to-6-10-2017">44</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-5282017-to-632017">43</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-5-21-2017-to-5-27-2017">42</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-5-14-2017-to-5-20-2017">41</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-5-7-2017-to-5-13-2017">40</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-4-30-2017-to-5-6-2017">39</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-4-23-2017-to-4-29-2017">38</a>, <a href="https://steemit.com/exchangereport/@lukestokes/exchange-transfer-report-4-16-2017-to-4-22-2017">37</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-4-9-2017-to-4-15-2017">36</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-4-2-2017-to-4-8-2017">35</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-3-26-2017-to-4-1-2017">34</a>, <a href="https://steemit.com/stats/@lukestokes/3zcukr-exchange-transfer-report-3-12-2017-to-3-18-2017">33</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-3-12-2017-to-3-18-2017">32</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-3-5-2017-to-3-11-2017">31</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-2-26-2017-to-3-4-2017">30</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-2-12-2017-to-2-18-2017">29</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-2-5-2017-to-2-11-2017">28</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-1-29-2017-to-2-04-2017">27</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-1-22-2017-to-1-28-2017">26</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-1-15-2017-to-1-21-2017">25</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-1-8-2017-to-1-14-2017">24</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-1-1-2017-to-1-7-2017">23</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-12-25-2016-to-12-31-2016">22</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-12-18-2016-to-12-24-2016">21</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-12-11-2016-to-12-17-2016">20</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-12-04-2016-to-12-10-2016">19</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-11-27-2016-to-12-03-2016">18</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-11-20-2016-to-11-26-2016">17</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-11-13-2016-to-11-19-2016">16</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-11-06-2016-to-11-12-2016">15</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-10-30-2016-to-11-05-2016">14</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-10-23-2016-to-10-29-2016">13</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-10-16-2016-to-10-22-2016">12</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-10-9-2016-to-10-15-2016">11</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-10-2-2016-to-10-8-2016">10</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-9-25-2016-to-10-01-2016">9</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-9-20-2016-to-9-26-2016">8</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-9-12-2016-to-9-19-2016">7</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-9-4-2016-to-9-11-2016">6</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-8-28-2016-to-9-3-2016">5</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-8-21-2016-to-8-27-2016">4</a>, <a href="https://steemit.com/stats/@lukestokes/exchange-transfer-report-8-14-2016-to-8-20-2016">3</a>, <a href="https://steemit.com/steemstats/@lukestokes/exchange-transfer-report-08-07-2016-to-08-13-2016">2</a>, <a href="https://steemit.com/steemit/@lukestokes/steemit-money-who-is-cashing-out-who-is-powering-up">1</a>

# Top 50 Accounts Transferring to and from Exchanges: 3/11/2018 to 3/17/2018
First included transfer: 2018-03-11T00:01:39+00:00
Last included transfer: 2018-03-17T23:59:54+00:00
```

----------------------------- Exchanges ------------------------------

@binance STEEM transfer total: 1,005,410.447
@binance SBD transfer total: 159.649
@upbit STEEM transfer total: 365,263.076
@upbit SBD transfer total: 86,225.608
@changelly STEEM transfer total: 56,531.224
@changelly SBD transfer total: 0.001
@rudex STEEM transfer total: 1,573.473
@rudex SBD transfer total: 366.071
@poloniex STEEM transfer total: 0.000
@poloniex SBD transfer total: 0.009
@hitbtc STEEM transfer total: 0.000
@hitbtc SBD transfer total: 0.000
@steemexchanger STEEM transfer total: -216.949
@steemexchanger SBD transfer total: -1,047.859
@coinpayments.net STEEM transfer total: -2,358.530
@coinpayments.net SBD transfer total: 36.541
@openledger STEEM transfer total: -4,449.995
@openledger SBD transfer total: -41.792
@gopax STEEM transfer total: -13,200.843
@gopax SBD transfer total: -4,839.399
@blocktrades STEEM transfer total: -62,705.443
@blocktrades SBD transfer total: -60,814.185
@freewallet.org STEEM transfer total: -152,070.117
@freewallet.org SBD transfer total: 0.000
@bittrex STEEM transfer total: -944,355.287
@bittrex SBD transfer total: 255,836.403


------------------------- Total Transferred --------------------------

Total STEEM transferred: -249,421.056
Total SBD transferred: -275,881.047
Total USD transferred: ($ 1,190,230.61)

-------------------- Withdrawal to Deposit Ratio ---------------------

Accounts withdrawing: 4698
Average withdrawal amount: ($       590.08)
Median withdrawal amount: ($        17.17)

Accounts depositing: 1952
Average deposit amount:  $       336.73 
Median deposit amount:  $        46.64 

Ratio of withdrawals to deposits: 2.41/1
```

## <center>TOP 50 WITHDRAWALS THIS WEEK</center>

|    |           Account|    Net Transfer Amount   | 
|:--:|:----------------:|:------------------------:|
|1|               alpha: | ($   544,924.22)|
|2|               val-a: | ($   219,279.06)|
|3|          proskynneo: | ($   184,194.41)|
|4|           pacemaker: | ($   175,343.24)|
|5|             valueup: | ($    93,356.44)|
|6|        coldstorage1: | ($    86,856.43)|
|7|                 ngc: | ($    65,926.14)|
|8|           johnsmith: | ($    62,891.94)|
|9|            smooth-a: | ($    43,855.81)|
|10|            roterdam: | ($    42,905.64)|
|11|        sesangsokuro: | ($    34,162.83)|
|12|               shaka: | ($    32,352.43)|
|13|             onehand: | ($    30,662.50)|
|14|      brandonscalera: | ($    30,033.23)|
|15|               nomad: | ($    29,511.57)|
|16|       thejohalfiles: | ($    28,204.77)|
|17|       imacryptorick: | ($    27,788.49)|
|18|         arneb271828: | ($    27,708.10)|
|19|            jackkang: | ($    27,497.17)|
|20|             patrice: | ($    23,289.51)|
|21|              bulung: | ($    22,736.49)|
|22|                enki: | ($    20,986.30)|
|23|         appreciator: | ($    19,830.56)|
|24|                 ioc: | ($    18,942.82)|
|25|      dilipchoudhary: | ($    18,373.39)|
|26|            solisrex: | ($    17,234.59)|
|27|               feruz: | ($    16,128.17)|
|28|          kingscrown: | ($    12,953.21)|
|29|             triplej: | ($    11,898.74)|
|30|           jaewoocho: | ($    10,963.95)|
|31|           qkrnxlddl: | ($    10,882.84)|
|32|             corn113: | ($    10,457.65)|
|33|                 skt: | ($     9,716.30)|
|34|             bayrene: | ($     9,628.34)|
|35|                 ssg: | ($     8,813.62)|
|36|            idealist: | ($     8,466.50)|
|37|       eddie.rogovoy: | ($     8,196.41)|
|38|             anadolu: | ($     8,080.07)|
|39|          krexchange: | ($     7,653.27)|
|40|      sander-lacerda: | ($     7,555.84)|
|41|                kwak: | ($     7,188.43)|
|42|             booster: | ($     6,909.98)|
|43|        andrewlevine: | ($     6,811.72)|
|44|           kakaotalk: | ($     6,196.06)|
|45|           teamsteem: | ($     6,157.61)|
|46|          lovesh4336: | ($     5,918.68)|
|47|          smartsteem: | ($     5,910.26)|
|48|        cryptomancer: | ($     5,865.05)|
|49|         craig-grant: | ($     5,611.18)|
|50|             snap-to: | ($     5,481.98)|

## <center>TOP 50 DEPOSITS THIS WEEK</center>

|    |           Account|    Net Transfer Amount   | 
|:--:|:----------------:|:------------------------:|
|1|            fucktime: |  $   105,416.80 |
|2|              notary: |  $    89,586.98 |
|3|           rob.roche: |  $    88,961.56 |
|4|      z8teyb289qav9z: |  $    83,326.04 |
|5|       crypto2crypto: |  $    76,759.35 |
|6|            dobartim: |  $    58,352.49 |
|7|           steemrant: |  $    44,880.75 |
|8|             uradick: |  $    43,522.70 |
|9|                jovi: |  $    41,207.07 |
|10|          mothership: |  $    35,310.43 |
|11|    bitcoingrowthbot: |  $    30,042.50 |
|12|     dineroconopcion: |  $    21,914.79 |
|13|            bluemist: |  $    20,152.43 |
|14|          phlatattak: |  $    19,295.11 |
|15|             rhodium: |  $    19,079.47 |
|16|              remain: |  $    18,943.52 |
|17|             jsquare: |  $    13,156.72 |
|18|         chairmanlee: |  $    12,388.82 |
|19|              pi1000: |  $    12,038.42 |
|20|           trafalgar: |  $    11,979.13 |
|21|          gyotaejeon: |  $    10,963.87 |
|22|      thegreatgatsby: |  $    10,644.53 |
|23|              gfi24k: |  $    10,439.65 |
|24|             korbit2: |  $    10,271.01 |
|25|             bigwave: |  $    10,053.03 |
|26|             fedesox: |  $     9,285.47 |
|27|             thewave: |  $     8,948.76 |
|28|               igrok: |  $     8,947.53 |
|29|           zhangyong: |  $     8,819.51 |
|30|          thomasmore: |  $     8,793.09 |
|31|           renutyagi: |  $     8,198.84 |
|32|     albensilverberg: |  $     8,159.75 |
|33|           mechuriya: |  $     7,404.53 |
|34|                 sux: |  $     7,381.38 |
|35|               twohs: |  $     7,049.16 |
|36|       dreamryder007: |  $     6,993.45 |
|37|               momar: |  $     6,969.82 |
|38|                 i-d: |  $     6,929.72 |
|39|              marc99: |  $     6,925.37 |
|40|                wfsf: |  $     6,775.99 |
|41|               take5: |  $     6,240.06 |
|42|            bezzangi: |  $     6,229.10 |
|43|            sgsvsree: |  $     5,636.87 |
|44|              flysky: |  $     5,612.22 |
|45|         cutemachine: |  $     5,502.84 |
|46|    somethingtodo123: |  $     5,432.74 |
|47|            sgsposts: |  $     5,305.73 |
|48|          thetruth36: |  $     5,236.38 |
|49|            aghunter: |  $     5,198.09 |
|50|         cryptovooch: |  $     5,118.02 |



## Withdrawal to Deposit Ratio by User Count over Time

[![](https://steemitimages.com/DQmbLSk8ko2gkVja9aV6s56EQEq4BqGWUiBY58Vo5s2XSyw/Withdrawal%20to%20Deposit%20Ratio%20by%20User%20Count%20over%20Time.png)](https://plot.ly/~lukestokes/295/)
*click the image for an interactive graph*

## Commentary

* Over a million bucks heading to exchanges with the price going down. That's a lot of STEEM heading out the doors.

* I'll leave it to your imagination as to what the top depositing account is all about (yes, porn is adopting cryptocurrency in many forms). Could that be an example of what's to come where people and companies buy up STEEM in order to self-vote and earn influence?

* The decrese in people <a href="https://steemdb.com/labs/powerdown">powering down</a> next week is 12.78% in the green compared to the previous week.

<a href="https://steemdb.com/labs/powerdown"><img src="https://content.screencast.com/users/lukestokes/folders/Jing/media/a2990522-1954-490f-b3f0-84e65f324d0b/00004578.png" /></a>

-----

<img src="https://steemitimages.com/DQmR3hhPtgcqhNDZyArucp2dZv2pG62WDKiWam8jrppCXNB/on_a_log_cropped.png">

<p>
    <div class="pull-right">
        <a href="https://steemit.com/introduceyourself/@lukestokes/my-name-is-luke-let-s-create-the-world-we-want-to-live-in"><img src="https://steemitimages.com/DQmRh7DLpp1hDKugxyWxdDof7rkj5fpBus6tECvv7vcmL6d/smile.png" /></a>
    </div>
    <em><a href="https://steemit.com/introduceyourself/@lukestokes/my-name-is-luke-let-s-create-the-world-we-want-to-live-in">Luke Stokes</a> is a father, <a href="https://steemit.com/@corinnestokes">husband</a>, programmer, STEEM witness, and voluntaryist who wants to help create a world we all want to live in. Visit <a href="http://understandingblockchainfreedom.com/">UnderstandingBlockchainFreedom.com</a></em>
</p>

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