How can i Convert sbd to steem?
I want to convert my sbd to steem in steemit.com how can i do it? And What will it cost to do?
How can i Convert sbd to steem?
I want to convert my sbd to steem in steemit.com how can i do it? And What will it cost to do?
So there is two possible questions which you could be asking here and based on the replies, it has been interpreted as trade.
1. You can trade your SBD for Steem
2. You can actually convert your SBD to Steem using a function built into the blockchain.
Let's look at how you trade it first:
You can trade your SBD easily for Steem in the internal market, the below should help to show you how:
1. When on Steemit.com, click on the hamburger menu at the top right and click currency market as shown in the image below, alternatively you can visit https://steemit.com/market
2. When navigated to the currency market it will look like this:
3. On the left you can see that it says buy steem, enter the price you wish to buy the Steem for in SBDs and then the amount of Steem you wish to buy. Following that it will provide you with a total of how much much SBD you will need to trade for the Steem.
As mentioned you can actually convert your SBD directly too, this process takes 3.5 days for Steemit to convert SBD to Steem. This used to be a feature which was available on Steem however was removed when the price of SBD increased dramatically. It is still possible to do this though using the following open source tool:
https://mwfiae.github.io/SbdConverter/
Note: I would recommend reading up more about that function before using it, I haven't used this site and full information about the site can be found here:
https://busy.org/@mwfiae/new-project-sbd-converter
A user who as used this and has written about it can be found here:
https://busy.org/@exyle/how-to-convert-sbd-to-steem-using-the-blockchain-not-internal-market-easy-tool-by-user-mwfiae
You can use block trades to do so. Go to your steemit account. On your image icon, click and select wallet. Now go to your SBD and click buy. It will load the blocktrades. page. Two boxes will appear, one for send and the other for receive. On the send box, select SBD and on the receive box select steem. The transact will be done automatically and you will find in your wallet that your sbd has reduced being exchanged for Steem.
In your Wallet. Click SBD. Click Buy from dropdown.