Bitcoin Calculator

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Well, look no further, because Wirex is committed to providing the best hybrid platform that combines bitcoin with fiat currencies. It only takes 30 seconds to convert bitcoin to USD, including the time needed to log into your account.

There is no need to waste time looking for buyers or escrow services, performing background and security checks, or waiting hours for the bitcoin transfer to go through. Your time can be spent better! All fees are transparent. What you see is what you get. We promise — no nasty surprises or added charges.

Unlike other cards, Wirex allows you to convert bitcoin into USD in advance. Advance card loading, however, simplifies your personal finances. It makes it easier for you to keep track of one exchange rate, instead of many.

Additionally, you choose and plan when to load your card, converting bitcoin to USD when the price is acceptable to you. As long as you are a verified user, you can exchange dollars for bitcoin in just a few seconds, at incredibly competitive rates.

After you convert your bitcoin to fiat currencies, Wirex makes it easy for you to spend it, if you choose to! The Wirex virtual and plastic cards are Visa-linked. They can be used at any retail shop, ATM or online, anywhere Visa is accepted. This makes Wirex the most convenient solution for everyone, including travelers and overseas workers. Sudden mood swings, confidence highs and lows, a rebellious nature. Should that sound familiar, you already understand the nature of Bitcoin. Bitcoin acts a bit like a teenager.

Volatile and fickle, Bitcoin has been through… View Article. Answer — a cryptocurrency of course. Ethereum is a platform for the cryptocurrency Ether Ethereum is a little more complicated than most altcoins. While Ethereum… View Article. By using this website you agree to our cookie policy. Here are five reasons Wirex is the best way to turn your bitcoin into cash.

Instant Conversion with Wirex It only takes 30 seconds to convert bitcoin to USD, including the time needed to log into your account. Spend Bitcoin Anywhere Visa is accepted with Wirex After you convert your bitcoin to fiat currencies, Wirex makes it easy for you to spend it, if you choose to! Bitcoin For Beginners Is Bitcoin going to rise again?

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Bitcoin currency exchanges work in a manner similar to banks. One first deposits amounts of money in the currencies supported by the exchange, to his own account in the exchange, uses these balances to trade with other users of the exchange and then withdraws that money. Unlike over-the-counter transactions, there is no risk of losing money due to people not fulfilling their part of the deal, as long as the exchange itself does not commit fraud or withhold money. Exchanging is done by placing "buy" or "sell" orders, which the exchange system software then matches with each other.

If the bid price of a buy order is higher than the ask price of a sell order, an exchange can be performed and either the bid order, the sell order or both can be removed from the "order book". Thus, at any given time, there is a price above which there are no more buy orders and a slightly higher price below which there are no more sell orders.

Communication with the Bitcoin currency exchanges is commonly done using a standard web browser, over a secure SSL connection.

Exchanging bitcoins for other forms of currency brings up some issues regarding chargeback fraud. Specifically, payment methods such as credit cards, and PayPal, can be reversed up to 90 days after the transaction took place. In contrast, bitcoin is a "hard currency", once you spend bitcoins, you cannot get them back by 'pulling' from your side.

Thus, when you trade bitcoin for a 'soft' currency like paypal or credit card, you open yourself up to the risk of chargeback after you send bitcoin. The buyer may initiate a chargeback by claiming non-receipt of goods, or if a stolen account was used, the real account owner will initiate the process once he notices a charge he didn't make.

As a result, it is strongly recommended to not trade 'soft' currency for 'hard' currency with people you do not know or trust. In January, , an open source currency exchange platform was released by the founder of Bitcoin Central. The two major exchanges at the time, Bitcoin Market and MtGox , were hit with a wave of PayPal scams in October , where one or a group of individuals used stolen PayPal accounts to fund their exchange accounts to buy bitcoins.

This has caused the freezing of the Mtgox paypal account, and a suspension of new user registration on Bitcoin Market. These account freezes caused a temporary liquidity problem for the bitcoin economy, as it became more difficult to exchange dollars for bitcoins. The exchange rate of Bitcoin has shown relatively stable growth since the beginning of Bitcoin has been criticized by economists for bubbling up around itself, similar to the housing market in the US before the crash and it is true that Bitcoin has shown a tendency for rapid rises and crashes in price.

However, given the instability of the global economy, Bitcoin has proven to be a reliable investment compared to many other popular currencies. In particular the European debt crisis gave rise to a large amount of currency being converted to bitcoin to keep it safe from the falling value of the Euro.

These investments in turn drove up the value of the bitcoin thanks to its unique production method. Despite the growing popularity of bitcoin transactions and the generally rising price, several events have shown an inability to withstand major blows to its reputation. The FBI seizure of around 26, bitcoins from the drug distribution website Silk Road more than halved the value of individual bitcoins.

Technical errors have also proven to be a difficulty for speculators on the exchange value of the BTC. In April of , a backlog of transactions shut down the Mt. While it has become easier to buy and sell bitcoins with the influx of bitcoin exchanges [2] across the world over the past couple of years, the availability of access to the currency has been one of the greatest sources of variability in its exchange rate.

Because of looming government regulations, most notably the U. That is to say, they intend to hold onto their BTC until they decide to convert back into their local currency, rather than spend it online for anonymous transactions. Retrieved from " https: Navigation menu Personal tools Create account Log in. Views Read View source View history. Sister projects Essays Source. This page was last edited on 28 September , at Content is available under Creative Commons Attribution 3.

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