Bitcoin and Steem are in fact both cryptocurrencies and can be sent and received to one another in a similar fashion, however, the two cryptocurrencies are very different from one another for various reasons. Steem maintains the ability and option for integration into a social platform, which is Steemit, whereas Bitcoin is entirely decentralized and harnesses no central platform for its usage. Bitcoin is technologically more decentralized than Steem, which also means that Bitcoin is technically slower than Steem, at the cost of incentive, though. Steem can process millions of transactions per second, however, Bitcoin maintains more distribution in its technology.