That's a good point, re: conversion. So you're saying that if you use Blocktrades, your cost to convert to Litecoin, say, will be less than your cost if you convert to Bitcoin?
But then, presumably, your fees/cost is still less when you transfer Steem to Bittrex or to Binance? (Someone recently told me that transferring Steem to Binance was free.)
At this point I'm just focusing on GDAX and powering up what I can here. Watching those candle charts can be kind of amazing. I'm also shocked that I can look at GDAX and get a pretty quick understanding of what's going on (the is rather than the why, anyway); whereas when I first looked at it, it looked like gibberish.
Absolutely. The rate for bitcoin is horrible.
Litecoin or Etherium, for example, isn't that bad. It's more than some.
It's likely more than Bittrex or Binance, because those are trading platforms, but it wasn't bad when I used it as a newb to convert SBD to Steem before I knew about the internal market.
The internal market isn't great for newbies, so part of me kind of wants to suggest that they use Blocktrades, just not Bitcoin.
I highly suggest everyone research the markets, and how to trade them, at least a little bit, so they know when to wait before converting at least.