How to Exchange your SBD to Steem?Complete guide for Newbies
Hello everyone this is safdarsultan and today I bring you a tutorial on how to exchange your SBD into Steem.
But since I already learned how to do it I decided to make a quick tutorial to guide you guys through the process in case you don't know how to do it.
So when you receive your payout, if you have been posting 50% / 50% (to receive your Rewards 50% Seem Power and 50% Steem Dollars) then that is exactly how you're going to be getting paid for. Some people prefer to do it that way so they can increase the steam power while making some money to withdraw it, but the best thing to do if your new is to POWER all the way up so you can get more rewards for your posts and curation in the future. So after saying that let's convert our SBD into STEEM.
So let's go over our profile picture, click on it and select the wallet.
Here you're going to see the different options in which you have your money. STEEM POWER, STEEM and SBD (Steem Dollars).
So what we want to do is convert the SBD into STEEM so let's go to the Steem Dollars section click on the little down arrow and you're going to get these options.
Now DO NOT click on Convert to STEEM if you do that you are going to get this message.
It'll tell you that it takes 3.5 days for it to be converted and as the price fluctuates you could be receiving less STEEM than you should. So again DO NOT click on convert to steam. Instead this is what you have to do.
You will have this graph showing you the buying and selling orders.
It has the available amount of SBD that you have and underneath, it shows you what is the lowest ask. Normally you would want to sell your SBD and buy your STEEM at the lowest ask however, there's people offering to buy it a little higher to sell it quicker.
You do not have to buy it for a higher price because you will be losing a few cents maybe dollars depending on the amount that you're buying for. However I prefer to offer three or four cents higher to sell my SBD faster.
So fill in the amount of SBD that you want to sell where it says total and then hit BUY STEEM.
If you are logged in with your POSTING KEY (and for security you should be). It's going to ask you to enter your ACTIVE KEY.
Login with your Active Key and the order will be placed.
Once the order is completed (and this depends on how quick someone buys your SBDs). You will see the amount transferred to the STEEM section.
My first steem amount is 256 and now i converted sbd to steem,currently steem is 265.
I hope this tutorial helped you understand how to go through this process.
If you have any questions feel free to live them in the comments.
Special thanks
@cryptokannon
@steemcurator01
@hassanabid