Use this simple trick to convert 10 SBD into $10 without high exchange fees! @SteemitNetwork

Steem Backed Dollars is fast becoming the primary paycheck of most Steemians and with the disruption in support for Steem, Steem Dollars and Steem power on most exchanges, most Steemians would turn to Block Trades  - is the most faithful Steem, Steem Dollars and Steem power exchange.

However trading between Steem Backed Dollars to Bitcoin on BlockTrades is not a a good idea current as at the time of writing, trading 10 Steem Dollars would only give you 0.00066238 BTC which at the time of writing is worth just $2.666!

Here is the screenshot of Steem Dollars to Bitcoin on BlockTrades:

Here is the screenshot of the Bitcoin conversion on Preev:

If you have been searching for a way to convert your hard earned Steem Dollars to Bitcoin at the fair price, then this report is for you.

The trick to convert Steem Dollars to Bitcoins at the right rates

The trick would involve converting Steem Dollars into some other altcoin and then converting the altcoin into Bitcoins. We used the crypto currency Dash and as well as the wallet and instant exchange cryptonator.

By using this trick, you would be able to convert 10 SBD into $9.63, 100 SBD into $96.3 and so on!!!

10 Steem Dollars on Block Trades would net you 0.03409257 Dash as shown in the screenshot below:

0.03409257 is worth $9.6 as shown in the screenshot below:

Here is an outline of the Steps involved:

1. Create an account on Cryptonator.com. The process only demands email address and password and you can start using your account right ways in less than a minute.
2. Generate a DASH wallet address in your cryptonator account which is only a single click away.
3. Exchange your Steem Dollars on BlockTrades to your cryptonator Dash wallet address.
4. Generate a Bitcoin wallet address in your cryptonator account using just one click.
5. Use Cryptonator to exchange your Dash to Bitcoin INSTANTly within the cryptonator account with just one click.
6. Send the Bitcoins from your Cryptonator account to your external Bitcoin/altcoin wallet address or even USD with one just click.

Why use Dash?

• We used Dash because its a reliable and major crypto currency hence the changes of its prices plummeting any second is very minimal.
• Dash also has faster confirmation times as compared to Bitcoins.

However it is up your personal discretion to decide which altcoin to use.

Why Cryptonator?

• We choose Cryptonator because its an instant online cryptocurrency exchange and web wallet for multiple altcoins as well as USD. This means you have the features if both a wallet and an exchange as well as a USD wallet all together.
• The exchanges rates are very minimal
• The exchange times are INSTANT.
• Cryptonator support the exchange of small amount of Bitcoin and alt coins - even $2 worth of altcoins!

Again it is up to your individual discretion to decide which wallet to use.

Disclaimer: We cannot guarantee the security or integrity of the Cryptonator web wallet, use it at your own risk.

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4 factors driving down the price of Steem and how to manage the situation @SteemitNetwork

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