Convert and Swap Bitcoin BTC to Venezuelan Bolívar Soberano VES
BTC/VES: 1 Bitcoin equals VES 5,703,603.18 VES
Last update: 4:31 PM, January 18, 2025
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Bitcoin is climbing this week.
The current price of Bitcoin is VES 5,703,603.18 per BTC. With a circulating supply of 19,811,846 BTC, it means that Bitcoin has a total market cap of VES 113,000,229,170,418.34. The amount of Bitcoin traded has fallen by VES 159,586,371,266.81 in the last 24 hours, which is a 4.77% decrease. Additionally, in the last day, VES 3,347,266,679,681.80 worth of BTC has been traded.
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About Bitcoin
The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Bitcoin (BTC) is a decentralized cryptocurrency that was first described in a 2008 whitepaper by an individual or group of individuals using the pseudonym Satoshi Nakamoto. Launched in January 2009, Bitcoin is a peer-to-peer online currency that enables transactions to occur directly between equal, independent network participants without the need for an intermediary. Bitcoin was created with the intention of allowing online payments to be sent directly from one party to another without going through a financial institution. Bitcoin is the first-ever cryptocurrency to come into actual use and has inspired the development of thousands of competing projects. The entire cryptocurrency market, now worth more than $2 trillion, is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.
Bitcoin operates on a technology known as blockchain, a decentralized ledger of all transactions that is used to record transactions across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks. Bitcoin transactions are verified by network nodes through cryptography and recorded on the blockchain. Bitcoin mining, the process by which new bitcoins are entered into circulation, involves solving computationally difficult puzzles to discover a new block, which is added to the blockchain. The supply of Bitcoin is limited and will never exceed 21,000,000 coins. New coins are created during the process known as mining, where transactions are added to blocks, which are in turn added to the blockchain.
Bitcoin's most unique advantage is that it was the first cryptocurrency to appear on the market. It has managed to create a global community and has given birth to an entirely new industry of millions of enthusiasts who create, invest in, trade, and use Bitcoin and other cryptocurrencies in their everyday lives. Bitcoin's primary use case is as a decentralized store of value. In other words, it provides for ownership rights as a physical asset or as a unit of account. Bitcoin also aims to be a medium of exchange for goods and services, although it is currently used more for the former than the latter.
Bitcoin's original inventor is known under a pseudonym, Satoshi Nakamoto. As of 2021, the true identity of the person — or organization — that is behind the alias remains unknown. On October 31, 2008, Nakamoto published Bitcoin’s whitepaper, which described in detail how a peer-to-peer, online currency could be implemented. Just two months later, on January 3, 2009, Nakamoto mined the first block on the Bitcoin network, known as the genesis block, thus launching the world’s first cryptocurrency. The first known Bitcoin commercial transaction occurred on May 22, 2010, when programmer Laszlo Hanyecz traded 10,000 Bitcoins for two pizzas. This event is now known as “Bitcoin Pizza Day.” Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Bitcoin’s source code repository on GitHub lists more than 750 contributors.
How Bitcoin and Venezuelan Bolívar Soberano differ
Bitcoin, a decentralized cryptocurrency, and the Venezuelan Bolívar Soberano, the official currency of Venezuela, present a stark contrast in their nature and functionality. Bitcoin, introduced in 2009, operates on a technology known as blockchain, a decentralized ledger that records transactions across multiple computers, ensuring the integrity and security of the data. It aims to enable transactions to occur directly between independent network participants without the need for an intermediary, such as a bank or financial service company. Bitcoin's supply is finite, capped at 21 million coins, and new coins are introduced into the system through a process known as mining. On the other hand, the Venezuelan Bolívar Soberano is a traditional fiat currency controlled by the Venezuelan government and its central bank. Unlike Bitcoin, its supply is not finite and can be increased or decreased based on the economic policies of the government. While Bitcoin seeks to be a medium of exchange for goods and services globally, the Venezuelan Bolívar Soberano is primarily used within Venezuela. The value of Bitcoin is determined by market demand and supply, whereas the value of the Venezuelan Bolívar Soberano is influenced by the country's economic conditions and government policies.
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BTC to Venezuelan Bolívar Soberano conversion tables
The exchange rate of Bitcoin is decreasing.
The current value of 1 BTC is VES 5,703,603.18 VES. In other words, to buy 5 Bitcoin, it would cost you VES 28,518,015.90 VES. Inversely, VES 1.00 VES would allow you to trade for 0.00000018 BTC while VES 50.00 VES would convert to 0.00000877 BTC, not including platform or gas fees.
In the last 7 days, the exchange rate has increased by 10.7%. Meanwhile, in the last 24 hours, the rate has changed by 0.18%, which means that the the highest exchange rate of 1 BTC to Venezuelan Bolívar Soberano was VES 5,794,358.75 VES and the lowest 24 hour value was 1 BTC for VES 5,606,416.67 VES. This time last month, the value of 1 BTC was VES 5,299,414.97 VES, which is a 0.45% increase from where it is now. Looking back a year, Bitcoin has changed by VES 1,488,094.17 VES.
BTC to VES performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
VES 5,726,590.59 VES | -0.18% | VES 5,080,178.82 VES | 10.70% | VES 5,299,414.97 VES | -0.45% | VES 1,488,094.17 VES | 152.13% |
BTC to VES
Amount | Today at 4:31 pm |
|---|---|
0.5 BTC | VES 2,851,801.59 |
1 BTC | VES 5,703,603.18 |
5 BTC | VES 28,518,015.90 |
10 BTC | VES 57,036,031.80 |
50 BTC | VES 285,180,159.01 |
100 BTC | VES 570,360,318.01 |
500 BTC | VES 2,851,801,590.07 |
1,000 BTC | VES 5,703,603,180.15 |
VES to BTC
Amount | Today at 4:31 pm |
|---|---|
0.5 VES | 0.00000009 BTC |
1 VES | 0.00000018 BTC |
5 VES | 0.00000088 BTC |
10 VES | 0.00000175 BTC |
50 VES | 0.00000877 BTC |
100 VES | 0.000018 BTC |
500 VES | 0.000088 BTC |
1,000 VES | 0.000175 BTC |
Today vs. 24 hours ago
Amount | Today at 4:31 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 BTC | VES 2,851,801.59 | VES 2,873,094.21 | -0.74% |
1 BTC | VES 5,703,603.18 | VES 5,746,188.42 | -0.74% |
5 BTC | VES 28,518,015.90 | VES 28,730,942.12 | -0.74% |
10 BTC | VES 57,036,031.80 | VES 57,461,884.23 | -0.74% |
50 BTC | VES 285,180,159.01 | VES 287,309,421.17 | -0.74% |
100 BTC | VES 570,360,318.01 | VES 574,618,842.35 | -0.74% |
500 BTC | VES 2,851,801,590.07 | VES 2,873,094,211.73 | -0.74% |
1,000 BTC | VES 5,703,603,180.15 | VES 5,746,188,423.47 | -0.74% |
Today vs. 1 month ago
Amount | Today at 4:31 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 BTC | VES 2,851,801.59 | VES 2,880,713.52 | -1.00% |
1 BTC | VES 5,703,603.18 | VES 5,761,427.03 | -1.00% |
5 BTC | VES 28,518,015.90 | VES 28,807,135.17 | -1.00% |
10 BTC | VES 57,036,031.80 | VES 57,614,270.35 | -1.00% |
50 BTC | VES 285,180,159.01 | VES 288,071,351.73 | -1.00% |
100 BTC | VES 570,360,318.01 | VES 576,142,703.46 | -1.00% |
500 BTC | VES 2,851,801,590.07 | VES 2,880,713,517.28 | -1.00% |
1,000 BTC | VES 5,703,603,180.15 | VES 5,761,427,034.56 | -1.00% |
Today vs. 1 year ago
Amount | Today at 4:31 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 BTC | VES 2,851,801.59 | VES 1,132,998.90 | +151.70% |
1 BTC | VES 5,703,603.18 | VES 2,265,997.80 | +151.70% |
5 BTC | VES 28,518,015.90 | VES 11,329,988.98 | +151.70% |
10 BTC | VES 57,036,031.80 | VES 22,659,977.97 | +151.70% |
50 BTC | VES 285,180,159.01 | VES 113,299,889.83 | +151.70% |
100 BTC | VES 570,360,318.01 | VES 226,599,779.65 | +151.70% |
500 BTC | VES 2,851,801,590.07 | VES 1,132,998,898.26 | +151.70% |
1,000 BTC | VES 5,703,603,180.15 | VES 2,265,997,796.52 | +151.70% |
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