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Passive Income (PSI) converter and calculator

Passive Income (PSI) converter and calculator

Convert 1Passive Income (PSI) to United States Dollar (USD) equals $ 0 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Passive Income(PSI) to United States Dollar(USD). This is the real-time data. The current conversion shows 1 PSI at a value of 1 PSI for 0 USD . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

About Passive Income (PSI)

The Historical Significance and Key Features of Cryptocurrencies

Cryptocurrencies emerged at the forefront of technology and finance from a need to solve specific problems in the financial sectors. They sprouted from a historically significant period characterized by financial crises, mistrust in banking systems, and need for more privacy. Immersed in complexities of code language and brought to reality through the blockchain technology, cryptocurrencies are reshaping the financial landscape and are of great significance today.

Historical Significance of Cryptocurrencies

The story of cryptocurrencies starts back in 2008, during the great financial recession. A pseudo-anonymous entity, Satoshi Nakamoto, published a whitepaper titled "Bitcoin: A Peer-to-Peer Electronic Cash System". Nobly intent on restoring trust in the financial sector and reducing dependency on financial institutions, Nakamoto created Bitcoin, the first cryptocurrency.

Therefore, the advent of Bitcoin signified a paradigm shift in the financial world towards decentralization, promising peers more transparency, minimal transaction fees, swift transactions, and skyrocketed privacy levels due to the cryptographic nature of cryptocurrencies.

Furthermore, the historical significance of cryptocurrencies extends past their monetary function. They are a symbol of technological innovation; blockchain, the backbone of cryptocurrencies, is a revolutionary piece of innovation. This distributed ledger technology is now used in numerous areas, such as supply chain, healthcare, and voting systems - a testament to these digital assets' historical importance.

Key Features of Cryptocurrencies

  1. Decentralization: Unlike traditional banking and fiat currencies supervised by central authorities, cryptocurrencies operate on a decentralized network based on blockchain technology.

  2. Anonymity: Cryptocurrencies offer users a higher degree of privacy. A crypto transaction between two parties remains known only to them and is kept anonymous from the rest of the world.

  3. Security: Encryption, a cornerstone feature of cryptocurrencies, prevents tampering, fraud, and censorship. Each transaction gets corroborated by multiple nodes in the blockchain network, thus maintaining a high level of security.

  4. Global Accessibility: As long as one possesses an internet connection, anyone globally has unrestricted access to cryptocurrencies, making it a revolution in global finance.

In conclusion, cryptocurrencies are not just a monetary revolution, but they are also a technological one. Their emergence has led to new systems where trust is established not by central intermediaries but by network consensus, cryptography, and innovative features like smart contracts. From ushering in a new wave of raising funds via ICOs, IEOs, to enabling secure, peer-to-peer transactions, the historical significance of cryptocurrencies cannot be undervalued as we venture into an exciting new digital financial future.

Passive Income to USD conversion rate trend

The price of Passive Income has not been updated or has stopped updating. Information on this page is for reference only.

Start by learning the basics of Passive Income: What is Passive Income and how does Passive Income work?

You can also check other cryptocurrency converters, such as BTC to USD and ETH to USD.

Bitcoin conversion tables

BTC to USD

Amount
02/11/2024 09:28 today
0.5 BTC
$34,751.22
1 BTC
$69,502.45
5 BTC
$347,512.23
10 BTC
$695,024.45
50 BTC
$3,475,122.25
100 BTC
$6,950,244.5
500 BTC
$34,751,222.5
1000 BTC
$69,502,445

USD to BTC

Amount02/11/2024 09:28 today
0.5USD0.{5}7194  BTC
1USD0.{4}1439  BTC
5USD0.{4}7194  BTC
10USD0.0001439  BTC
50USD0.0007194  BTC
100USD0.001439  BTC
500USD0.007194  BTC
1000USD0.01439  BTC

Ethereum conversion tables

ETH to USD

Amount
02/11/2024 09:28 today
0.5 ETH
$1,245.83
1 ETH
$2,491.67
5 ETH
$12,458.33
10 ETH
$24,916.65
50 ETH
$124,583.28
100 ETH
$249,166.55
500 ETH
$1,245,832.75
1000 ETH
$2,491,665.5

USD to ETH

Amount02/11/2024 09:28 today
0.5USD0.0002007  ETH
1USD0.0004013  ETH
5USD0.002007  ETH
10USD0.004013  ETH
50USD0.02007  ETH
100USD0.04013  ETH
500USD0.2007  ETH
1000USD0.4013  ETH
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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Passive Income and USD.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Passive Income and USD. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Passive Income in USD, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.