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Know how much is 1 cryptocurrency worth in real is a common question among investors in this asset. There are platforms that perform this conversion, allowing shareholders to find out any value of cryptos converted into reais. Check them out below. 

How much is 1 cryptocurrency worth in real

How much is 1 cryptocurrency worth in real is a common question among investors in these assets. There are several conversion platforms to carry out this procedure, just type in the value and find the answers. 

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Currently, the conversion of 1 cryptocurrency to Brazilian real is as follows: 1 BTC = 88805.0 BRL. It's worth noting that this value refers to December 12, 2022. It can also change at any time.

The current price of Bitcoin in USD is 16,909.6. Anyway, whenever you want to find out the current price of a cryptocurrency, go to one of the calculators that convert the values in real time. 

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Is it worth investing in bitcoins

Nowadays, investing in bitcoins is interesting, especially among shareholders who want to diversify their investment portfolio. However, most establishments do not accept bitcoins as a form of payment, which is a major obstacle. 

In this sense, in order to turn the coins into reais, they need to be liquidated. Users can sell or buy bitcoins with peace of mind by following the peer-to-peer process or on an exchange. 

Since you're selling bitcoin, you probably already have a wallet to store them in. In technical terms, investors don't store any coins in a wallet, but in a private key. 

This private key provides users with greater security, especially when moving public bitcoin balances through blockchain technology. It is worth noting that these assets never leave the blockchain, which records every movement that takes place. 

When investors receive payment for bitcoins, the cryptocurrencies are sent in the following ways: 

  • Passing on the public address of your wallet so that the deposit can be made normally. This procedure is done most of the time;
  • The seller passes on the private key of the wallet that holds the cryptocurrencies traded. 

How peer-to-peer works

The peer-to-peer procedure is simple to understand. After all, in general terms, it's the same as the sale / purchase of any product or service negotiated directly between the buyer and the seller.

In this type of transaction, investors can simply exchange their bitcoins for paper money or a bank deposit. As there is no third-party intervention, only trade with trustworthy people to avoid possible scams or fraud. 

How the exchange works

Another way to convert bitcoins into cash is through exchanges, or brokers, specializing in the market. To access these platforms, simply go to the official website and create your account. 

To open an account, some personal information is requested, such as your full name, date of birth and, in some cases, specific documents. Once you have created your profile, you will be able to buy and sell cryptocurrencies. 

It's important to pay attention, as exchanges work like stock exchanges. Although bitcoins are traded on all exchanges, it's important to observe the trading of other assets. 

How to find out the currency exchange rate

The price is set according to how much the investor is willing to pay. This means that when converting Bitcoin into Real, it is important to bear in mind that the exchange rate changes constantly.

In this sense, if you want to understand the current price of the asset, there are various platforms and applications that update this information every minute. Some services even analyze various changes and the time history. 

Most platforms are free, meaning that investors don't have to pay anything to access real-time exchange information. So if you want to find market data, just do a quick search on the internet. 

How to convert Bitcoin into Real

First and foremost, investors need to find a platform that offers the following service: transferring the value of cryptocurrencies to their bank account. These tools are quite common, with lots of important information. 

Some platforms include balance data in real and cryptocurrency. In addition, in some cases it is possible to buy and sell these assets on the page itself. Other platforms offer a credit card transfer service. 

Finally, in most cases, users need to present specific documentation in order to make new trades. The requirements for using the broker's withdrawal service are the following documents:

  • An official photo ID;
  • An up-to-date proof of residence;
  • Bank details linked to your CPF. 

What are the conversion rates?

Before converting your cryptocurrencies into reais, you need to understand that there are fees charged to complete the action. Check them out below:

  • Deposit: To deposit money and buy bitcoins, investors only need to pay the costs requested by the bank. In most cases, payment is made by credit card. The release time usually takes between 20 minutes and 1 working day; 
  • Withdrawal: To withdraw the money available in the wallet, the fees charged are usually fixed. The prices are R $4.90 + 0.99% of the amount withdrawn. The amount will be available in the account within one working day. 

What are bitcoins worth

In principle, the value of bitcoins varies according to the law of supply and demand. In other words, it is not possible to quote a fixed value for the currency, as values can change at any time. 

Generally speaking, in practice, the price changes according to the amount described in the sales orders executed. 

Because it is a limited resource, Bitcoin is one of the most popular assets on the investment market. Unlike traditional currencies, these assets are decentralized, i.e. they are not issued by banks or agencies. 

This characteristic helps bitcoins vary in price. This should even be taken into account when converting. 

Before using exchanges to make transactions, it's important to be aware of the amount you're going to receive, excluding fees. 

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