The BTCUSD Converter is geared at aiding in conversions of currency to and from bitcoins. Relying on the US dollar as the primary currency, this converter is a highly useful service that allows users of Bitcoins to continue enjoying services of one form of currency depending on the region. The process of currency conversion is not one that goes without any hitch all through, thus certain factors are expected to affect its functionality, and here is an insight into some of the most conspicuous ones.
The use of the converter is bound to certain levies for the services rendered. Just like banks and other firms that convert one form of currency to another levy charges for currency conversion, the BTCUSD Converter will deduct a certain percentage of the amount for the transaction fee. However, the notable difference in the levies charged is significantly importance. This converter is relatively cheap with very affordable rates put in place.
The currency type determines that value of the Bitcoins or money that you get form the BTCUSD converter. Different currencies have different values and thus will influence the rates that are used in conversions. This is clearly evident in the gaps of buying and selling certain currencies against others and since this converter uses the same rates a reflection of the disparities should be expected.
Timing is of significant importance to the value that a given currency fetches. Currency Conversion rates do fluctuate from time to time subject to certain conditions in the market. Since the rates used by this converter do not remain stagnant over time, it should be expected that different rates will be displayed at different times. This means that for the same currency and the same amount one is bound to get a different value from the converter if the two transactions are carried out at different times.