It’s no secret that the cryptocurrency world is a hot topic these days. But even if you’ve only heard of Bitcoin once, it can be tricky to understand.
That’s why we’ve compiled five handy tidbits you can share with your friends to help them understand the crypto world. These facts will show them that you’re not just a newbie on the crypto scene.
How much is 5 bitcoins worth?
5 bitcoins are worth 120,155 USD at the current exchange rate. The conversion rate is based on live data from 171 crypto exchanges and is updated every few seconds. The current BTC to USD conversion rate is 5.08% higher than yesterday’s rate and has increased by 0.08% over the last 30 days. To see more currency exchange rates, please visit the BTC Currency Converter. It also includes a table with historical prices of 5 bitcoins and reverse conversion from foreign money in BTC.
How to buy 5 bitcoins?
Bitcoin is a digital currency that doesn’t have bills or coins like traditional currencies. It uses peer-to-peer technology to operate with no central authority or banks, which makes it highly secure and anonymous. It isn’t regulated by governments, and there’s no limit on the number of bitcoins that can be issued. That means it’s a volatile, risky investment and past performance isn’t always indicative of future results. You should only buy cryptocurrency if you understand the risks and have a suitable financial background. NerdWallet recommends you consult an independent financial adviser before making a purchase. The value of cryptocurrencies can decline as well as increase, and you may not get back the amount you invested.