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No.

Converting 1 SBD gives you ~ 5 STEEM
Buying 1 SBD from the market costs 5.264

So you'll lose ~ 0.264 STEEM per 1 SBD you buy and convert

That's what I mean, I see you've edited the

It'll cost about 0.264 STEEM per 1 STEEM
;)

LOL Yeah! Wasn't thinking quite straight. Thanks for telling me!