Whyis Bitcoinconverted into other currencies?


Bitcoin is one of the cryptocurrencies available all over the worldand is not controlled by any government including state or central government. These bitcoins are digital currencies which cannot be seen by real eyes. They are usually stored in digital wallets which acts as a bank. Transactions are possible without any intermediate person to support it. Bitcoins can be used for online transactions as it is but it has to be converted into our currencies like rupee, dollar, euro, etc to use it for real transactions.This conversion may be difficult to determine for some people. So there are some good converters like btc to inr to help you get the accurate result for the present day value of Bitcoin in rupees.

There are some reasons why people want Bitcoin to get converted into other currencies. They are as follows,

  • Let’s say you have bought a Bitcoin for the present rate and got it stored in a digital wallet. You cannot have this Bitcoin in hand but it is possible only when you convert it and exchange it as rupee or other currencies in exchange.
  • Bitcoin stored in digital wallets can only be used for online transactions globally. It is not possible to have real hand transactions unless it is converted into rupee using btc to inr
  • You can convert Bitcoin into other currencies to know the exact money value of it at any period of time in rupees or any other currencies.