The importance of cryptocurrency calculator
The cryptocurrency world is expanding, and it is quite easy to get confused on which of these virtual currencies to invest in. with the likes of Bitcoin, Satoshi, Litecoin (LTC) taking the lead, other less popular cryptos such as Zcash (ZEC), Dash, Ripple (XRP), and Monero (XMR), are fast catching up and in the mix of this mix up, one will definitely need a converter and a calculator to know the real value and worth of each cryptocurrency.
Aside from the fact that cryptocurrency exchanges cryptos into dollars, it is important to note that there will be an extra conversion rate before the dollar value enters your bank account. The cryptocurrency calculator, on the other hand, will show you whether you might have lost or made extra money by purchasing Bitcoin rivals such as Litecoin or Ripple. The crypto exchange rate calculator also works as a conversion tool that allows you to convert instantly, almost any type of cryptocurrency into another cryptocurrency or into real-time currencies such as Dollar, Euro or Pounds sterling.
The cryptocurrency converter can be used for free online, can handle hundreds of crypto calculations in few minutes, and you can have an idea the current value of the cryptocurrency you want to exchange with another or simply trade in. aside from direct online calculators, some web platform such as WordPress allows users to add a script or widget which is an app that can convert hundreds of cryptocurrencies. The issue with Widgets is that you may need some programming skills in order to install them, while online calculators are easier and straightforward.
How the typical cryptocurrency calculator works
There are over a thousand cryptocurrencies available in the world today and figuring out the conversion rates can be a difficult task especially when you have an actual amount that you want to convert. Take for instance, you want to convert 0.35 BTC to DOGE, and you have no idea what the value of DOGE is, you can turn unto a cryptocurrency calculator immediately and you will get the equivalent of the BTC in DOGE crypto in few seconds.
One of the best features of the cryptocurrency calculator is that it can be installed as an extension your web browser, for instance, the calculator can work directly with the Google Chrome browser. With a single click, a crypto calculator can exchange or convert one crypto to another or from one cryptocurrency to a real-time currency such as US dollar or Euro. With a single click, you can complete several crypto exchanges in few minutes.
Other features of the cryptocurrency converter
Aside from using your Cryptocurrency calculator to convert different cryptocurrencies, you can also customize your conversion by pinning the rates for a fast access and monitoring of the value of each cryptocurrency. The calculations on crypto calculators are normally completed through the use of volume-weighted averages of your chosen cryptocurrency prices across all major exchangers. What this means is that prices of cryptocurrencies will vary slightly from one exchanger to another, hence the cryptocurrency calculator will find the average of all prices, before the conversion is completed. For this reason, each calculation or conversion is accurate and precise and you don’t have to worry about being cheated.
Most crypto calculators have been synchronized with major crypto exchangers, hence it only takes micro-second to get the real value of all cryptocurrencies and their exchange rates. The value rates on a typical cryptocurrency calculator update every few seconds, thus assuring the users that they will get the most accurate exchanges when conversions are being made.
Cryptocurrency Calculators are mobile-friendly
You don’t have to be on a PC to access a Cryptocurrency calculator, you can access the online calculator even on your smartphones and tablets. Though there may be some additional features available on PC platforms that you may not be able to access on mobile platforms the main job of conversion can be done perfectly on your mobile device, just the way it is done on PC.
To use an online calculator for cryptocurrency conversion is easy, the calculator provides a box or option where you need to enter the currency amount you want to exchange, and below these are the cryptocurrencies you want, in exchange for the cryptocurrency you have (these lists also include US dollars, Euro, and British pounds sterling). Some online calculators can give you as many as 10 different cryptocurrency values at the same time and you also have the option of adding another cryptocurrency if it is not listed in the main conversion area. Once you have chosen the cryptocurrency you want in exchange, the value will automatically be displayed and you can complete the transaction.
The process of using a cryptocurrency calculator is simple and straightforward, you can complete the entire process in few seconds. On one corner of the side of the calculator, you will see the trend the value of each cryptocurrency is following (the ups and downs trends in value), this can give you an idea about how you can monitor the real value of each cryptocurrency. Keep in mind that the Cryptocurrency calculator will only give you the amount you will get in exchange for another cryptocurrency, it does not display any likely charges that you will incur in the process of exchanging the cryptocurrencies, these exchange charges are only determined by cryptocurrency exchangers and such charges increase as the volume of your trade increases.