You are viewing a single comment's thread from:
RE: ❓Answering Common Questions: How to Exchange my Steem Dollars for Steem? 💸
Great will use this feature but one question bro is this provide the best rates from other exchanges
Great will use this feature but one question bro is this provide the best rates from other exchanges
Unfortunately this method doesn't guaranty getting the best rates compared to other exchanges. Though frequently it's not terribly far off compared to the average price of Steem and [Steem Dollars(https://www.worldcoinindex.com/coin/steemdollars] on World Coin Index.
But the easiest way to compare the price of the internal market to others is to divide the Steem Price by the Steem Dollar price. This decimal can then be directly compared to the price shown on the internal market and determine if it's better or worse from an external market. Now for a full calculation we would need to add in any incurred fees for that other market (fee to sent funds there and fee for the trade.)
Lately Bittrex has had the best Steem and Steem Dollar prices, but I'd heard of some people having issues there recently with signing up new accounts as well as not wanting to provide personal information that's now being asked of users.