With Steem Dollars being so high lately, I've been getting questions on how to use Steemit's Internal Market.

This guide will walk you through using Steemit's internal market, cover why it's better to use it versus another exchange and lastly discuss some reasons why you might want to exchange Steem Dollars for Steem (or vice versa.)

Q: How do I exchange Steem Dollars for Steem using the internal market?

Click the your portrait at the top right of your screen. The in the drop down selections choose wallet.
Click the dropdown next to Steem Dollars (or Steem) and click Market.
Click the Available button and the Lowest Ask button.
Click Buy Steem and you're done!!

That's it!! You should see the Steem show up in your wallet pretty shortly. (There are things that can happen to delay this, like having someone buy everything at the price you used. Definitely don't worry though.)

These steps don't guaranty you to get the best price. I simply sells ALL of your Steem Dollars at the current lowest price.

Q: Why use the Internal Market over others outside of Steemit?

ZERO FEES!!! Anytime you transfer anything out of Steemit to anywhere, there's a fee. Then there's another fee for making a trade.
Sometimes you can find good 'deals' with it having lower traffic. Prices can lag a bit behind other exchanges, letting you make a trade a slightly better price than elsewhere.
The internal market only exchanges Steem for Steem Dollars and vice versa. So If you're looking to trade for another cryptocurrency, you'll need to go somewhere else.

Q: Why would I want to exchange my Steem Dollars for Steem?

First off...this is always up to you. So nobody can come back and say @sykochica make me lose money...lol.
If you feel that the Steem Dollar price is going to come back down (remember that it's supposed to be $1 USD) you can exchange them for Steem. This of course means that you think Steem will hold it's value (or go up) more than the Steem Dollars.
The opposite is also true. If you thing the price of Steem is going to go down, you can exchange them for Steem Dollars. This of course means that you think Steem Dollars will hold their value (or go up) more than the Steem.
You can trade back and forth between these where you buy low in one and sell high in the other. Then rinse and repeat. It can get you some extra Steem/SBD out of it. (This can also LOSE you money.)

Many months back I wrote dozens of other guides in this type of format. You can find the last one HERE where you'll also find links to all the previous guides. In the near future I'll get a nicer list together of them all.

❓Answering Common Questions: How to Exchange my Steem Dollars for Steem? 💸