Did you just claim rewards for 1 SBD? Guess what, it's actually worth $12 right now!
As you can see from steemdollar.com, the price of SBD is rocking right now!
For some reason, Steem Dollars are being pumped on HitBTC and Bittrex is responding.
I know many people have been talking about this, but it's still going on right now! If you have SBD, they are worth a premium if you act now. Do not convert them using your wallet's convert function. Instead, send them over to Bittrex to earn a nice premium, or you can purchase STEEM on the internal market at a nice discount.
I just walked my 8yo son through the process right before he went to bed.
First, log in to Bittrex, click wallet, then search for SBD (be sure Hide zero balances is unchecked). Click the + button and you'll be shown a screen with a Registered Acct of bittrex and a memo string. Copy both of those and paste them in when you go to your Steemit wallet and click transfer. You'll be asked for your active key when you do this (you should only ever be logged into Steemit with your posting key to protect your funds).
Claim your rewards and send them to Bittrex.
From there, go back to Bittrex, hit the SBD/BTC market, and trade it for whatever the last price is.
Easy money!
I just converted 45.526 SBD into $495.78 worth of Bitcoin!
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As always, I entered that nice trade in my cryptocurrency spreadsheet.
(click to zoom in)
I hope you find this useful and you take advantage of this opportunity while it lasts.
This happened once before back in May and there's no telling how long the market will keep this up.
Happy trading!
