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.
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.
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