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Go directly to "Market", not "Convert to Steem". You'll get a stripped down, yet fully functional, version of an exchange and it will happen instantly, no commissions :)

ok..that worked...remarkably pain free.
what minimium 'spread' would you recommend doing this?
any time SBD is greater than Steem?

I personally do this whenever the ratio is below 0.75-0.80, higher than that I prefer to hodl / buy other tokens.

I'm not into other tokens..
Steem is it.
Thankx.

I like that 'no commissions" that means I can convert pennies..

exactly :)