BTC to USDT conversion chart
Bitcoin to Tether correlation
BTC and USDT are not correlated to each other as BTC’s value depends on the supply and demand. Whereas, USDT is a stable coin which is backed by traditional fiats like the dollar and the euro. USDT’s value remains the same, which is $1 regardless of the market conditions. Hence, BTC and USDT do not share a strong relationship.
BTC Price Change and Market Cap
Currently, the BTC price is 22760.09 USDT. According to the Bitcoin price chart, the 24-hour change is -0.74%. The total market capitalization of Bitcoin is $4031935149 with 4061864472.33 BTC in circulation. In the previous 24 hours, the Bitcoin price hit highs of 23063.86 USDT and lows of 22746.19 USDT.
Bitcoin Price Prediction
Bitcoin is the most valuable cryptocurrency with a market cap of over $170 Billion as of June 2020. BTC is popular for the huge return on investments with a ROI close to 7,000%. Bitcoin price reached a peak of $20,089.00 on December 17, 2017. At the beginning of 2020, the Bitcoin price was $7,207.59 and it grew exponentially for the whole of January. In February, BTC price crossed the long-awaited ten thousand dollar mark. Unfortunately, Bitcoin price plummeted in the following months and BTC touched the lows of $4,656.31 on March 16 alongside the COVID-19 pandemic outbreak.
Technical analysis suggests that by 2025, Bitcoin price will be closer to $100,000. On the other hand, many crypto enthusiasts suggest that Bitcoin will hit the Million Dollar mark in 2025, we want it to happen too. For more detailed Bitcoin price prediction check our detailed analysis below.
Bitcoin Wallets
Don’t have a wallet yet?
If you are looking for a software wallet, pick Exodus, if security is your major priority, choose either Trezor or CoolWallet S. In all these wallets you can track the live bitcoin price as well as other cryptocurrencies. Either way, you will be able to exchange Bitcoin at the best rates with ChangeHero in these wallets.
BTC to USDT exchange margin
Considering today’s exchange rate, a transaction of 1 BTC to USDT would result in an output of 22760.09 USDT.
How to convert Bitcoin to Tether
Bitcoin and Tether comparison
In the year 2009, Satoshi Nakamoto launched Bitcoin which is aimed at providing a digital means of transacting value without a central entity. The core principle of Bitcoin is decentralization and digital freedom. Later on, many cryptocurrencies followed Bitcoin’s path and gave rise to a whole new industry.
USDT is a stable coin which was launched in the year 2014. Initially, it was called RealCoin and later renamed as Tether. USDT belongs to a new clan of cryptocurrencies called Stablecoins. Tether is pegged to the fiats like the US Dollar, the Euro, Japanese Yen and others to keep its value stable. In terms of the USDT, the peg will be in the ratio of 1:1 which means 1 USDT will always be equal to $1. Tether is used to minimize the volatility risks of crypto and also function as a bridge between the crypto and fiat currency.
What is Bitcoin?
Bitcoin is a blockchain-based digital currency; it is a peer-to-peer version of electronic cash which allows the payments to be made without any intermediaries such as financial institutions. Bitcoin trades under the ticker symbol BTC. Launched in 2009 by Satoshi Nakamoto, Bitcoin is aimed at giving the masses financial freedom and developing a trustless economy.
Bitcoin is the first cryptocurrency based on blockchain technology. BTC remains to be the most popular digital currencies despite the inception of plenty of altcoins. In recent years, Bitcoin price sky-rocketed and captured the attention of many investors all over the world. Many merchants across the globe are now accepting payments in this cryptocurrency.
Some of the advantages of using the Bitcoin include lower transaction fees, high security and decentralization. The impact of this cryptocurrency is so huge that it led to the development of many other virtual currencies often referred to as altcoins. Bitcoin laid the foundation for the much-needed cryptocurrency industry in the past decade.
Bitcoin to Tether price details
BTC to USDT Conversion Rate and Price
Currently, the conversion rate for 1 BTC equals to 22760.09 USDT. The 24-hour highest price of Bitcoin in relation to USDT was 23063.86 USDT and the lowest was 22746.19 USDT. In short, BTC price in relation to USDT changed by -0.74%.
Instantly Exchange BTC to USDT
On ChangeHero you can instantly exchange Bitcoin to Tether without signup. You can easily convert BTC to USDT in a few clicks without worrying about the rates and fees. ChangeHero offers both Best Rate and Fixed Rate for your BTC to USDT exchange.
BTC to USDT Best Rate Exchange
In the the Best Rate exchange of Bitcoin to Tether, we search through various exchanges for the BTC to USDT pair and find the best rate available in the market. We provide you with an estimation of the amount of USDT you will receive.
As soon as you accept the terms and the BTC is deposited, the exchange will be automatically processed. We remind you that the final amount of USDT you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of BTC to USDT.
BTC to USDT Fixed Rate Conversion
In the the Fixed Rate exchange of Bitcoin to Tether, ChangeHero finds a good rate for the pair BTC to USDT and fix the rate for up to 15 minutes. In the Best Rate exchange of BTC to USDT, you will receive the exact amount of USDT which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the specified USDT address. ChangeHero is the best place to exchange BTC to USDT fast and safe at the best rates.
Frequently asked questions
How long does it take to convert BTC to USDT?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange BTC to USDT?
No, you do not require an account to swap BTC to USDT on ChangeHero. There will be no registrations for your Bitcoin to Tether transaction.
Do I need to go through KYC procedures for BTC to USDT exchange?
There will be no KYC for the BTC to USDT exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure which takes a few minutes.
Can I exchange USDT to BTC?
Yes, you can instantly exchange USDT to BTC on ChangeHero.
Buy and sell Bitcoin
Are you looking to buy Bitcoin? Now, on ChangeHero you can buy Bitcoin with credit or debit card. Also, you can see your cryptocurrency on ChangeHero to US Dollars and Euro. Give it a try.
