Conversion is 50% in USD equivalent

in #conversion7 years ago

I just did a transfer from Coinbase using ETH to send my Steem account via BlockTrades and the conversion to equivalent Steem in USD isn't even close... I must be doing something wrong or this is highway robbery?
How does $139USD in ETH become $63USD in Steem?
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Testing this out. Any feedback is welcome, including pointing out the obvious.

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1 SBD = $2

thank you - but I still don't understand ...
$1 = $1, even if I bought $100 of anything, it would still be worth $100 in my wallet.
That's what I'm talking about... I would just have less Steem

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