A Bitcoin converter helps users to convert the real-time or historical price of Bitcoin into a multitude of fiat currencies.
Why use a Bitcoin converter?
Bitcoin converters are a helpful tool for people wanting to find the price of Bitcoin against fiat currencies such as USD, EUR, and many more.
They allow people to type in an amount of either Bitcoin or fiat to see what it equates to. For example, a user can type in 1 Bitcoin and it will calculate the current price in fiat. Or vice versa, a user can type in 5 dollars and it will show the equivalent in Bitcoin.
People tend to use the tool as a quick and easy way to see how much their Bitcoin is worth. Having this available allows investors and traders to find out the best time to buy, sell, and HODL their crypto.
A Bitcoin converter can be a very useful tool in the current market. With cryptocurrency prices on the rise, investors and traders will be wanting to constantly see how much their Bitcoin is worth, and a converter is the quickest and easiest way to do this.
Three converters you could use
Bitcoin.com
The first Bitcoin converter you could use is from Bitcoin.com. The tool helps people to convert the price of Bitcoin quickly and efficiently. The site’s calculator tool gives people the “latest rates to convert any amount of BTC or BCH to your preferred world currency”. Bitcoin.com uses exchange rates from its Bitcoin.com Composite Index.
Bitcoin.com is a premier source for everything Bitcoin related. The site helps users to buy Bitcoin and choose a Bitcoin wallet to ensure the digital asset is safe and secure. It also enables people to read the latest news and information on Bitcoin and engage in its Bitcoin Forum.
Investing.com
The second converter we are going to look at is the one on Investing.com. Again, this Bitcoin converter is very simple to use and great for beginners wanting to know the current price of Bitcoin in their chosen fiat currency. This converter is a great tool for those wanting to know the historical prices of Bitcoin as well. Having this information available allows investors, traders, and beginners to learn the best time to buy and sell their Bitcoin.
Investing.com is a platform for all financial markets, including all cryptocurrencies and global stock markets. The site provides real-time and historical data of all these markets and supplies users with breaking news and market analysis across 100 different exchanges.
CoinMarketCap
Finally, CoinMarketCap provides a list of all its currency conversion options, including USD, GBP, JPY, plus many more. The converter calculator doesn’t just convert Bitcoin either – it also converts ETH, XRP, and BCH, making it a versatile tool for many.
Many use CoinMarketCap as it is a trusted website that displays the real-time price of all cryptocurrencies, as well as a list of all cryptocurrencies in order of market capitalisation. The site is also a useful tool for beginners wanting to know more about digital assets and how to use them as it has a helpful section of guides and step-by-step processes.
Conclusion
So you now have a clear understanding of what a Bitcoin converter is and where to find one. Are you thinking of buying some Bitcoin or another cryptocurrency? Read our helpful guides on how to buy Bitcoin and the best exchanges to use.
Disclaimer: The views and opinions expressed by the author should not be considered as financial advice. We do not give advice on financial products.