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RE: Your Estimated Account Value is Way More Than You Think It Is : Everything About Steem Wallet Value
I am new to steemit. I currently have 3 steem dollars in my wallet. What you are saying is if SBD is at $6. The. Those 3 sbd are worth $18 US dollars if I cash out?
yes sir thats exactly what i am saying. But your estimated account value always takes 1 sbd = 1 dollar since in steem blockchain, sbd is pegged to 1 USD.
But if you cash out now, like take it to an exchange, you will get 18 dollars for your 3 SBDs (considering SBD is trading at 6 dollars, which right now is actually trading at 6.85$)
You just made my day. I really appreciate you taking the time to help me out. What exchange do you recommend? Thank you for your time.
There are only 3 exchanges on which SBDs can be traded. The exchange with highest market cap of SBD is Bittrex (i use this one), on second number comes Poloniex (but it has some security flaws and few people lost their funds.. third one is HitBTC, but they are not accepting SBDs right now ..
So come to think of it, you really have one option and that is bittrex.
U can also sell your SBDs in internal market of steemit and can get Steem for it.
There is another way. You can use blocktrades.us to exchange your SBDs to other cryptos (limited options available) and those exchnaged crypto funds can directly come to your offline wallet or even at exchanges.
Let me know if you still have trouble understanding something in this process..
Best wishes :)
I think I am understanding it now. I really appreciate all your help.