How To Convert Between SBD and STEEM 💱
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Hey everyone so a little bit ago a friend of mine asked how to convert between STEEM and SBD. It's not very obvious or explained to new users so to make your life easy you can check out this article here: https://steemit.com/toolkit/@sndbox/how-to-convert-sbd-to-steem-power-a-visual-guide-to-powering-up
Or if you like to read my articles I will do my own version of how to convert between SBD and STEEM. Now the main reason people usually want to do this is so they can take their SBD and use it to power up. There are other reasons I'm sure, but this is likely why you are here reading this. It's slightly tedious, but fairly easy and simple to do.
Quick Overview of STEEM, SP, and SBD
STEEM
STEEM is the base cryptocurrency that is used on this platform and the blockchain it was built upon. STEEM is the cryptocoin that is used to back the other two Steemit related coins SBD and SP. This is the only coin listed on exchanges and it separate from Steemit altogether. It is referred to as liquid STEEM because it's the base currency. It is a social media token meaning it will inflate and regulate as a means of accounting and can be used to acquire the other two coins below. This can be bought or earned by using Steemit.
SBD
SBD is pegged to the dollar. The attempt is that it is less volatile than liquid STEEM and it used for the majority of transactions on Steemit. The main flaw is that it cannot be directly used to power up your SP (hence this article). This can be earned by creating content and using Steemit. You can also put your SBD in your savings for a 10% annual interest with a 3 day withdrawal period. It can also act as a security measure to prevent instant withdrawal of all your funds.
STEEM Power
This is the long term invested STEEM you have. This influences your voting power, bandwidth allocation, your status as a plankton, minnow, etc., as well as it takes the longest to withdraw and earns the most interest. You can only withdraw a faction of your power at a time per week in the process of "powering down" to lock people in for long term investments. One very interesting thing about SP is that it compounds DAILY interest at 0.0066% making STEEM a very attractive cryptocurrency because it's one of few that can earn interest.
How To Convert Between Using @Blocktrades
Start by navigating to https://blocktrades.us/
Then select SBD or STEEM and the vice versa you wish to convert to
Add your username and your account will pop up
You then hit 
and you'll see this below where you can either pay using SteemConnect or do a manual transfer
Then finalize the payment and your coins will appear in your wallet converted and ready to go!
If this helped you please share it with others! If you know an easier way, please share it with everyone! Also feel free to comment in general :)
As per my suggestion to share any other methods you know @leeart was kind enough to share this by @pinay
https://steemit.com/steem/@pinay/buying-steem-and-powering-up
It is slightly easier, but has more complex parameters like limit order and asking price. This should be easy for those familiar with buying cryptocurrency, but strange and foreign to those not and who are just on Steemit for Steemit.
Every time I post I select 1 random winner from the upvotes, resteems, and comments totaling 3 winners and give them 0.01 SBD each and announce it on the next post! I also send out 0.001 weekly to followers! I use https://snackaholic.github.io/steemfortune/en/
The winners from the last post I made here: https://steemit.com/free/@scottcbusiness/supporting-my-followers-with-free-sbd
Note that once I’ve posted a new post the contest is over and this could be subject to any amount of time up to but not longer than 7 days
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@ScottCBusiness
📊 Binance is my favorite place to trade, sign up with my referral - https://www.binance.com/?ref=15520033
💸 If you haven’t signed up, do so using my referral code 15520033 and show me a screenshot, I’ll send you 0.25 SBD and give you a follow and shoutout on my next post!
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Thanks for the gift, enjoy the holidays
You too!
Sorry @ScottCBusiness,I want to ask you that 2 days ago I received transfer 0.001 from you,I am very excited,but what I have to do next,It's enter automatically or I have to convert it before,thanks.
You don't need to convert it but if you wanted it to power up you convert it to steem using my tutorial here. My previous post explains why and how I'm sending 0.001 sbd. It's for following me I send it out weekly
Your explained very helpful me,thanks alot.
Awesome, glad to help!
This was very informative and helpful. I'm just starting on Steemit, but now I have an idea what to do and a place to come back to in case the SBD's do stack up over time :-) Thanks again!
Cheers :) You can also use the "Market" feature if you understand buying cryptocurrency. If not, this may be easier
I just answers from your your article to my questions. Thanks for sharing.
Awesome, glad to help
good pots
thank you for your gift for me.
You have given me a small tip, this is a support for me and once again I thank you.
For sure, weekly payouts to my followers for their support and being awesome
Why not use the internal market?? Itz even easier IMO
Yeah I think I mentioned that or maybe in the comments, that for someone who is less familiar with buying crypto may be more confused by that way.
Oh yeah plus its not always instantaneous and ppl freak out thinking they lost their money when they actually didn't
yeah with a stop limit it can take time
Good luck my bos
But dont forget upvote my post
Ok bos
Cheers!
Very helpful...
please upvote my post, thank you...
#@nabila17
very helpful scottcbusiness, But I have a question how can I convert my savings to steem power?
One upvote coming up
Thanks again
well first you withdraw it to your STEEM or SBD then if it's SBD you convert it as shown or use the "Market" button. To power up click on your STEEM and hit power up
Cheers!
Hehe
This is a bit advanced for a Newbie like me, but it looks like really useful stuff for future reference. By the way, I just noticed that I need to say thank you for a couple of days ago, and don't know how to do that other than here!
Or for the little tip? Yeah I send that out weekly 😁
@scottcbusiness although I did figure this out, I will direct my friends to this article instead of trying to explain it when they jump on board. Getting more interest daily as I share on other social media. A well written article, thank you
ey awesome! I hope to make tons of bookmarkable content for reference :)