Question: why would someone send SBD to a exchange to trade it for Steem? We could do this within Steemit (converge) right?
Or is this just SBD to Steem and not Steem to SBD?
Thnx
Question: why would someone send SBD to a exchange to trade it for Steem? We could do this within Steemit (converge) right?
Or is this just SBD to Steem and not Steem to SBD?
Thnx
One reason to use services like Changelly to convert SBD - STEEM or STEEM - SBD might be ease of use.
If you convert Steem Backed Dollar {SBD} to Steem from your wallet it will take 3.5 days to do so. If you would want to convert Steem to SBD and vica versa you could also use the internal market. That will actually give you a better exchange rate currently, yet some find this difficult to use.
But if you want to exchange SBD and or Steem directly to say NLG, than Changelly gives you an advantage, by directly converting it from one to the other. Without one having to use a trading market.
Hope my answer was of use to you.
Thanks, this is precisely why I need to learn as much as possible about Steemit.
Now I just need to figure out how to acquire some Steem for Euro's the easiest way, got any pointers for me?