A converter is something that is used to change one thing from the way it is to the other thing by attaining some other value. For example, converting money from one currency to another. Money conversion has been used for a long period of time because the currencies vary from one country to another and for one to enjoy services from another country that is not using the same currency as the one he or she uses in their country, conversion of the currency must be done. There are currencies that have a lot of value than the others and their selling and buying rates are different depending on the type of currency being used.
BTCUSD converter is a converter that is used in the conversion of bitcoins to US dollars or US dollars to bitcoins. It is mostly used in countries where the US dollar is the currency used in carrying out all the transactions. The exchange process using the BTCUSD converter is much cheaper than the rates charged in the banks. When one wants to purchase something online from a business that uses bitcoins and he or she has US dollars, conversion must be done for one to get the services offered and this is very easy and fast as the rates charged are very little hence one can still have the value of money that they had before the conversion.
Cheaper exchange rates attract many business men as they are out to gain more profit and avoid any loss hence the use of bit coins has been on the rapid increase as many online businesses are using bitcoins as their form of currency. The BTCUSD converter uses updated rates hence there are minimal mistakes that occurs in the conversion process.