Currency Converter
Convert EUR to USD using Bitcoin standard exchange rates.
Use Bitcoin as a neutral intermediary to get more accurate exchange rates between fiat currencies. More information below the converter.
Direct exchange rate between EUR and USD. Values updated every 10 seconds.
Rates calculated using Bitcoin as a neutral intermediary - Gets the real value between currencies.
What is the Bitcoin Standard?
The Bitcoin Standard is an approach to calculate exchange rates between fiat currencies using Bitcoin as a neutral intermediary. Instead of relying on direct exchange rates that can be manipulated by central banks, the Bitcoin Standard uses the market price of Bitcoin in different currencies to derive a more accurate and market-based exchange rate. This avoids distortions and provides a clearer view of the relative value between currencies.
Overview
Bitcoin is a globally traded cryptocurrency, quoted in real-time in various fiat currencies (USD, EUR, BRL, etc.). It can be used as an intermediary reference to convert between two currencies that do not have a direct pair.
Advantages
- Global Quotation: BTC has pairs with most of the world's currencies.
- High Availability: Real-time data, operating 24/7.
- Decentralization: Does not depend on central banks or governments.
- Intermediation: Useful for converting between exotic currencies or those with low direct trading volume.
Conversion Example (via BTC)
If:
- 1 BTC = 100.000 BRL
- 1 BTC = 20.000 USD
Then: 1 USD = 5 BRL (via BTC)
Geopolitical Use
Some countries, like Russia and China, might be using Bitcoin as a tool to bypass sanctions, facilitate international trade, or store value outside the traditional financial system.
Considerations
- The BTC quotation may vary between exchanges.
- Bitcoin's volatility may impact the accuracy of the conversion.
- Ideal for quick estimates, not for official accounting records.