One of the biggest problems experienced by users who want to pay with cryptocurrency is the calculation of the value of the constantly changing cryptocurrency agaist US dollars, Euros, and Turkish Lira. With the cryptocurrency price calculator and converter tool on CryptocurrencyTick.com, you can calculate the current cryptocurrency equivalent of your fiat money balance from the current value of cryptocurrencies against fiat money.
How is Cryptocurrency Price Calculate?
Cryptocurrency price generally changes in line with the balance of supply and demand. Any cryptocurrency is an ecosystem created by its users, and its current value changes according to the supply and demand balance of its users. As with fiat money (Dollar, Euro, Turkish Lira, etc.) values, it is not tied to any central bank or regulatory system.
Cryptocurrency, as a field of use, is frequently used in buying/selling transactions in cryptocurrency exchanges such as Binance due to the change in prices. Apart from buying / selling transactions, cryptocurrency is seen by many users as an investment tool. They keep their cryptocurrency balances in their cryptocurrency wallets.
Although cryptocurrency does not have a physical equivalent, it is a currency and is also used as a means of payment. In many parts of the world, there are companies that receive payments with cryptocurrency. The fact that it is faster, safer and cheaper to pay with cryptocurrency in international trade makes it more attractive as a means of payment compared to fiat money (Dollar, Euro, Turkish Lira, etc.).