Preev Bitcoin Converter
What is Preev Bitcoin Converter?
Preev is a simple Bitcoin value converter, where you can enter any amount of Bitcoins and get it turned into dollars accordingly with the average market value of the Bitcoin. All you have to do to use the Preev Bitcoin converter is to enter a Bitcoin amount, for example 1.2365 and you will get to know how much it is worth. It is also possible to change the currency it is exchanged against to euro, British pounds, Australian dollar and Swedish Krona if you prefer to get to know the value in any of these currencies instead.
The Preev Bitcoin converter collects prices from some of the largest Bitcoin exchange sites and calculates the average Bitcoin price from that and tells you what the amount you entered will be worth on average. You can also choose to select only one of the Bitcoin exchange site prices, so if you hold your Bitcoins there you will have an idea about what you can expect to get paid for your Bitcoins. It is very simple to use and the prices are updated every time that the market changes in any way.
When you use the service you have to remember that the prices are market average prices, so it is not completely certain that you will get this amount exactly, but it should be very close to the amount unless a fast drop in the value occurs.
Where Do Preev Bitcoin Converter Gather Bitcoin Price Information From?
Preev Bitcoin converter collects price data from four of the biggest Bitcoin exchanges in the world, who provides them with constant updates of the market prices for Bitcoins in their exchange. The sites that Preev takes the numbers from are Bitstamp, BTC-E, LocalBitcoins and MtGox which you can read more about by clicking on the name of the exchange site.
As mentioned earlier you can choose to take the average price from all four of from the ones that you select, making it possible to see the exact value from one of the four exchange sites only, instead of the combined average price.