A cryptocurrencies converter is a tool that is used to exchange cryptocurrency for another type of digital coins or fiat money.
This is an easy way to quickly and accurately find out the current size of the exchange and conversion. How to use a calculator or swap BTC to XMR online.
Choosing a coin for investment using a converter
It is difficult for novice traders to decide on a crypt to work with. By opening the service, you can see the digital assets that are popular today. The most popular coins always shine first in the list. Price comparison of different coins. It is quite difficult and long to analyze quotes of different trading pairs. The user will have to constantly switch from graph to graph. The program will also help you compare the cost of several currencies at once. Analysis of information from crypto exchanges. The data on the exchange rate of coins is updated in real time. Thanks to the service, the user will always be aware of current quotes. Investors want to buy a certain amount of crypto and at the same time calculate the exact amount. The converter of cryptocurrencies into hryvnia, dollars, euros and vice versa will allow you to check the data automatically. For an accurate assessment and for greater clarity, charts of course changes over the past few months or even years are available. They demonstrate the dynamics and nature of price changes. As a result, you can build your own forecasts for the future movement of quotations.
Briefly about Bitcoin
In 2009, a new cryptocurrency appeared in electronic financial payment systems – bitcoin (Bitcoin), which made a real revolution. The development of the Internet protocol and the description of the principle of operation of the client program was carried out by the Australian encryption specialist Craig Stephen Wright under the pseudonym Satoshi Nakamoto.
The peer-to-peer payment system allows you to carry out various transactions in peer-to-peer networks without the participation of intermediaries (banks) and, accordingly, not to pay a commission fee.
If we try to explain it in simpler language, then the peer-to-peer payment system is something like an accounting book, in which bitcoin is used as a unit of account. The seller and the buyer agree on the transaction, the payment is made with bitcoins and the transfer of ownership rights. All registered users, both buyers and sellers from different parts of the world, have access to this system.
Important features of this electronic payment system are completely anonymous Bitcoin transactions, as well as a 100% guarantee of the security and reliability of the transaction when transferring digital property from one owner to another.
If we consider bitcoins from the point of view of storage security, then the digital currency cannot be withdrawn or blocked by anyone without physical access to the owner’s electronic wallet.
At the moment, bitcoin is considered one of the free digital currencies, which is quite predictable, simple and transparent. Due to the programmed limitations of its issue, Bitcoin is not subject to inflation.
Briefly about XMR
Monero is a secure, private and untraceable cryptocurrency. Other leading cryptocurrencies, such as Bitcoin and Ethereum, have transparent transactions, so sellers or buyers can check the history of each transaction and each wallet. This does not apply to Monero, as its transactions are completely confidential, so people will always accept them without the risk of censorship.
Monero was launched in 2014 under the name BitMonero, but was renamed a few days later. There were 7 developers, and only 2 of them came out openly; 5 of them are still anonymous.
Now let’s move on to the cost of this cryptocurrency. Since its foundation, the value of Monero has increased by 1300%. Its initial cost was $1.41 in 2014, $60 in May 2017, and $95 in September 2017 and etc.
Here are the reasons why you should use Monero:
- Monero is working on an “invisible internet project” that will provide greater privacy. Therefore, if someone is watching you and your online activity, this protocol will allow you to remain anonymous.
- A team of 240 developers, including 30 core developers, is working on Monero, so you can expect great success in the future.
- Monero uses an adaptive block size limit. Its system produces blocks every two minutes, which means that your transaction cannot be delayed. Bitcoin produces a block every ten minutes, so if you want to make a transaction, you will have to wait or make an additional payment to the network to quickly include it in the block.
This is the only cryptocurrency that is considered completely anonymous. Transactions in Monero are made using ring signatures and cannot be tracked. This is Dark Net’s most beloved cryptocurrency. That is why all the special services of the world are interested in XMR, everyone wants to “ride it.” But for now it’s a wild, unruly mustang with a very bad reputation.
Conclusion
If BTC can be the best cryptocurrency for those who just want to buy and forget, then XMR offers people the opportunity to become active participants in the crypto revolution and get higher profits based on their knowledge. The scope of investments in this new decentralized market already includes products from finance to art and games. And a special understanding and dedication to a particular market can work for your financial advantage. Thus, XMR can become a good investment option for those who want to conduct research, follow their interests and spend more time within the ecosystem.
