Selling your SBD on the Steemit Market for Steem at a fair/ bargain price.

in steem •  7 years ago  (edited)

Here is how you can sell your Steem Dollars for your chosen price.
Let's say the price of Steem is $6 and SBD is $8. You should be able to sell you SDB for 8/6= 1.333 times your SBD .

That means you should get 1.3 times your SBD in Steem.
So if you have 20 Steemdollars to sell you should be able to get at least 26.67 Steem back. If you want to get a bargain you can if you are willing to be patient .
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First go to the market under the Steem Dollars tab.
I usually go lower by a few decimal numbers.
On the steemit market they use SBD per steem so that means you divide your SBD by that number to get how much steem you will get back . In the image below I would get at least 4.7/0.75=6.24 steem

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However, Your aim is to bring the B number lower to get a better bargain. Not too low or you might not sell any time soon.

You can click on your "B" area and enter say 0.74 and you will be able to earn more steem back if some one is willing to buy at that price. Then you can earn 6.34 steem instead. If you have a bigger amount you really see the difference.
P.S. remember to hit your 'available' SBD highlighted after entering your desired "B" number so as to update you steem amount earned.
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#steem #steemmarket #trading #earnings

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Nice tutorial!

Thank you 😊

I find this confusing so this helps!

Awesome, happy to know that.

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