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Bitcoin Stack Exchange is a question and answer site for Bitcoin crypto-currency enthusiasts. It only takes a minute to sign up. Connect and share knowledge within a single location that is structured and easy to search. If I know the exchange rate, how can I calculate the value of some amount bitcoins in my native currency? You'd have to add transaction costs to that, which depend on your exchange. I will explain how to calculate the value of some amount of bitcoins in terms of USD, but obviously the USD can be replaced by any other currency, and the corresponding exchange rate. To calculate the exchange rate, you take the amount of USD you paid, and divide by the amount of bitcoins you received.

To calculate the number of bitcoins you might buy with a given amount of USD at a specific exchange rate, you divide the amount of USD by the exchange rate:.

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The CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY. Latest BTC to USD Rates. It's a match made in heaven: the world's biggest cryptocurrency and the world's largest fiat currency. BTC/USD is a major trading pair.

Hint: "currency conversion math" as some keywords. Just multiply both. The price in your native currency is set by the supply and demand on a local exchange that deals in your own currency. Yes, that is what arbitrage is based on and many take advantage of the difference to make a profit wherever Btc is valued higher.

Bitcoin calculator - BTC/USD converter and price calculator

So bottomline, if you're looking for exact exchange rate look on a local exchange. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group.

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How do I calculate the value of some amount of bitcoins in my native currency? Ask Question. Asked 7 years, 11 months ago. Active 12 months ago. Viewed 65k times. Improve this question. Sarmen B. I didn't know this was the grade school math SE — dchapes Apr 10 '13 at The cryptocurrency system is a peer-to-peer open-source software, meaning computers are part of a mining process for coins. Bitcoin was designed and created by an anonymous programmer, or possibly group of programmers, by the name of Satoshi Nakamoto.

There are various places to buy bitcoin in exchanges for another currency, with international exchangess available as well as local. Popular international Bitcoin exchangess include Bitsquare, Coinbase, and Kraken. Bitcoin can be purchased through a digital marketplace, through which you can fund your account with your currency of choice, and place an order on the open market.

Bank transfers are the most popular mode of payment.

The use and trade of Bitcoin is legal in the majority of countries in the world, however, because it is a deregulated marketplace, governments are concerned about its potential threat as a tool for money laundering. Although mining and exchanging are questionable in terms of legality, it is known to be legal for users who exchanges bitcoins for goods and services.

Using a blockchain ensures security and manages digital relationships as part of a system of record.

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A distributed ledger is a database, digitally recording transaction information using cryptography, making it secure and unforgeable. There are several differences between a blockchain and a database, including the level of control.

Exchange Bitcoin US dollar

Blockchains are under a decentralized control, whereas a centralized database creates a dependent relationship between users and administrators. Users tend to prefer confidentiality, which is better achieved through a centralized database. Performance also differs, as a centralized database is able to compute information faster than blockchains.

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Given that Bitcoin was the first cryptocurrency to surface in the market, the other digital currencies that emerged are referred to as altcoins. Make Kitco Your Homepage. Kitco Gold Index. Search Stocks.