For anyone with some Steem Backed Dollars (SBD) laying around, make sure to use the market to trade them for Steem. Currently on the market 1 SBD is fetching 5 Steem. In comparison, converting that same SBD will net you only about 0.53 Steem. This is almost a factor of ten between the two methods. New users (such as myself) may not know the difference and be losing out on a LOT of Steem (still cringing).
How to use the market
- Click the button up in the top right corner to get a dropdown menu and select currency market.
- In the box that says amount put in the amount of Steem to buy (about 5 per SBD currently)
- Click "Buy Steem"
It's that easy! Until the price drops, DO NOT CONVERT or always check the price before converting.
Happy Steeming
TL;DR
Use the currency market to convert SBD to Steem instead of clicking "convert" on your wallet page.