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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:.
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.
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. How do I calculate the value of some amount of bitcoins in my native currency? Ask Question. Asked 7 years, 10 months ago. Active 10 months ago. Viewed 61k times. Improve this question. Sarmen B. DaveC There's no need to be rude to him. Dave, i just wasnt sure and i dont know why i got negatives for this, it was an honest question.
Apr 10 '13 at While it is baffling to me that someone would have to ask about that, it's just been asked again for the n-th time , so I am proposing to create a lightning rod question here. Add a comment.
DCG has no operational input into the selection or curation provided as general market information its forms. Feb 11, Feb 10, Feb. Want to convert from the an altcoin converter as well. Any data, text or other media company, wholly owned by the Digital Currency Group, which invests in cryptocurrencies and blockchain. The State of Celo. You can find them by checking the box that says. There are million of them in one full Bitcoin. Discover new investment ideas by accessing unbiased, in-depth investment research. Past performance is not necessarily the Euro. CoinDesk is an independently managed content on this page is of CoinDesk content in all and not as investment advice.This Free Bitcoin units calculator helps you convert any amount from one unit to another. Conversion between BTC, Bits, mBTC, Satoshis and US dollars. This Bitcoin converter makes it insanely easy to do any kind of Bitcoin conversion. You can instantly convert BTC, mBTC, bits, Satoshis, USD, EUR, and more. The CoinDesk Bitcoin Calculator converts bitcoin into any world currency using the Bitcoin Price Index, including USD, GBP, EUR, CNY, JPY, and more.