Threats to this species include open pit gold mining, collection for the pet trade (and occasionally, for scientific purposes), and possibly wildfires, and the IUCN has assessed it as being "critically endangered".

This is a tepui or table-top mountain, a raised plateau that rises abruptly from the flat land between the Orinoco and Ventuari Rivers.

[5] Minyobates steyermarki is a mainly terrestrial species and is found in wooded areas with trees 8 to 10 metres (26 to 33 ft) high, in rocky places where moss abounds.

[1] Wildfires could have serious consequences for this species, its forest habitat is threatened by opencast gold mining and specimens have been removed illegally for research.

[1] The habitat of Minyobates steyermarki is under dire threat from illegal gold and diamond mining activities, which began in the mid-1980s and have escalated over the years.

This activity involves soil removal, redirection of river flows, and the accumulation of hazardous solid waste, including mercury.

[1] The habitat of Minyobates steyermarki is additionally vulnerable to fires, which have caused significant alterations in the surrounding lowlands and slopes of Cerro Yapacana.