Trading Steem and Steem Dollars with Blocktrades.us - A Tool to check the best value conversion

Use this tool to check the market price of supported trading pairs of Blocktrades.us and find the best value conversion.

So chatting with @tuck-fheman yesterday while he was trying to payout some 'employee's' in BTC for their contributions to some post he had made; and noticed there was a need for a tool to help with the computation of trading SBD for BTC especially if you add another coin in the mix i.e SBD -> ETH -> BTC; the time taken to calculate such a path mean's that by the time you have calculated the value; it is out of date and needs to be calculated again. so i thought i would knock together a tool that could take the heart ache out of this. so i am very happy to announce my "Blocktrades.us Price comparison for Steem Backed Dollars" tool; code might be a bit messy but it serves it purpose.

What is this tool?

I have created a tool that will check the latest conversion rate's on blocktrades.us for most trading pairs and also check a weighted price of the supported pairs on the open market to analyse the potential to achieve better value conversion from Steem Backed Dollars to BTC.

What can it do?

It just checks the prices and suggests the best value method of converting your SBD/STEEM to BTC.
That could happen in a direct conversion from SBD/STEEM -> BTC or maybe better value could be obtained by trading to SBD/STEEM -> ETH -> BTC.
The calculations are hard to preform on the fly so i think this will be of benefit to anyone looking to get some BTC to pay some bills or buy some trinkets.

The tool retrieves a direct quote from Blocktrade.us at the time you request it and this quote take into account the amount of SBD or STEEM you are looking to trade; also at the same time the tool take market data to derive the current price of BTC/USD and also Supported Pairs/BTC and generate's an estimated value for your trade.

What are the supported Pairs.

• BTC
• BTS
• DOGE
• ETH
• LTC

What should i look out for?

• Conversion rates at Blocktrades.us and the open market change quickly; so data that is acquired could be out of date by the time you make you trade.
• This tool does not take into consideration the liquidity of the order books for Alt coins on certain exchanges; although this is somewhat mitigated by using a volume averaged price of the support pairs to provide a realistic price
• Conversion value/rate changes depending on the amount of SBD/STEEM you are looking to trade.
• Some currencies have slower block times than others and therefore will require a longer wait period before being confirmed during which time the price may have change on the open markets (SBD & STEEM are lighting fast so it is only the last mile conversion your need to consider)

Access this tool HERE

Prices displayed are provided as an estimate only