Cryptocurrency and conversion. Understanding how it works

Cryptocurrency and conversion. Understanding how it works

We noticed that many investors do not fully understand the meaning of the word "conversion" when working with cryptocurrencies in HYIPs. We decided to write a short article that will help you understand this concept once and for all.

What is cryptocurrency conversion

We consider it necessary to first define the concept of the word "conversion".

Conversion is the exchange of funds between different currencies. In our case, dollars into cryptocurrency or vice versa.

What is the difference between conversion and no conversion

Why is conversion not bad? In fact, you will receive the same amount that you invested if the body of the deposit is returned at the end of the term, as well as if the deposit is included in the accruals. Does not play a special role.

For clarity, here is an example of conversion:

For simplicity of calculations, at the time of creating a deposit in HYIP at the current rate, 1 bitcoin = $ 10. If the rate drops to $ 000 for 5 bitcoin, then you will receive 000 bitcoins, that is, the same $ 1 when exchanged for currency.

What will happen if there is no conversion? Let's give an illustrative example:

Let's take the same 1 bitcoin at a price of $ 10. If the rate drops to $ 000 for 5 bitcoin, then you will receive 000 bitcoin, that is, already $ 1 when exchanged for currency.

If you are not going to store bitcoin or any other altcoins, then you can enter the project if it contains a cryptocurrency with conversion and change to USDT, if there are no other payment systems or Tether available.

If you have plans to keep Bitcoin or any other altcoins further, then your option is no conversion in order to increase the cryptocurrency itself, or go through other payment systems, fiat or USDT, if the project has a conversion.

Recommendations for working with cryptocurrency

We have put together a small list of recommendations for you to follow in order to avoid unpleasant situations:

  • if you are not going to store used coins for a long time or not depend on rate jumps, we recommend using the addresses of the exchange Binance.comso that after each withdrawal or at any time you can exchange it for Tether USDT;
  • pay attention to the minimum amounts and commissions in projects. It will be best to use those coins where there is no commission or it is minimal.


In this article, we have tried to explain the concept of conversion in the simplest possible terms, so that our partners understand how it works. As you can see, there is nothing difficult about this.

We hope you enjoyed the article. We wish everyone a successful and profitable cryptocurrency investment!

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Комментарии (11)

  1. Lumin 15 September 2022 11: 17

    The article is informative) Personally, I try not to enter projects where there is a cryptocurrency conversion, because in the event of an increase in the rate, you can withdraw less than you invested.

    A complaint
    1. Anzhel 29 October 2022 12: 33

      I also don’t like to go into projects with conversion - you won’t guess how the course will behave

      A complaint
  2. Mihhha April 30 2022 18: 53

    Thanks for the article. There is both an uptrend and a downtrend in cryptocurrency. From time to time, profits must be fixed in dollars or stablecoins for this, and conversion is needed.

    A complaint
  3. levnks 9 January 2022 21: 17

    Thank you for the article. 

    A complaint
  4. UdayAS8 9 January 2022 18: 04

    Thanks for the clarification

    A complaint
  5. Tatarin152152 29 September 2021 15: 58

    Thank you for the article. We continue to learn
    A complaint
    1. Mihhha 27 March 2022 23: 23

      Yes, conversion is a good idea. The conversion was, for example, in Zetbull's grandfather. It was possible to invest in any crypto and receive a fixed income, regardless of the exchange rate. 

      A complaint
  6. kiryamalik 8 June 2021 07: 40

    The topic is becoming more and more relevant with the refusal of the perfect from the HYIP industry
    A complaint
  7. n1kto253 31 May 2021 13: 10

    Thanks for the article, relevant in our time.)
    A complaint
  8. kiryamalik 31 May 2021 06: 05

    Thank you for the article
    A complaint
  9. Anzhel 30 May 2021 17: 09

    Thanks for the article, the information is very necessary to understand about the conversion
    A complaint