We've noticed that many investors do not fully understand the term "conversion" when dealing with cryptocurrencies in high-yield investment programs (HYIPs). We decided to write a brief article that will help clarify this concept once and for all.

What is Cryptocurrency Conversion

First, it's important to define the term "conversion."

Conversion is the exchange of funds between different currencies. In our case, it refers to converting dollars to cryptocurrency or vice versa.

How Conversion Differs from the Absence of Conversion

Why is conversion not a bad thing? In reality, you will receive the same amount you invested, whether the principal is returned at the end of the term or if it's included in the payouts. The presence of conversion plays no significant role.

For clarity, let's provide an example of conversion:

For simplicity, let's assume at the time of creating a deposit in an HYIP, 1 bitcoin equals $10,000. If the rate drops to $5,000 per bitcoin, you would receive 2 bitcoins, i.e., the same $10,000 when exchanged back to currency.

What happens in the absence of conversion? Here's a clear example:

Take the same 1 bitcoin at $10,000. If the rate drops to $5,000 per bitcoin, you would receive 1 bitcoin, i.e., now $5,000 when exchanged back to currency.

If you're not planning to hold bitcoin or any other altcoins, you can enter a project with cryptocurrency conversion and change it to USDT if there are no other available payment systems or Tether.

If you plan to continue holding bitcoin or any other altcoins, then not having conversion is your option to increase the cryptocurrency itself, or you can use other payment systems, fiat, or USDT if the project includes conversion.

Recommendations for Working with Cryptocurrency

We've compiled a small list of recommendations to follow to avoid unpleasant situations:

• if you're not planning to hold the coins for long or don't want to depend on rate fluctuations, we recommend using exchange addresses like Binance.com to exchange for Tether USDT after every withdrawal or at any time;
• pay attention to the minimum amounts and fees in projects. It's best to use those coins where there is no fee or it's minimal.

Conclusion

In this article, we tried to explain the concept of conversion in the simplest words so that our partners understand how it works. As you can see, there's nothing complicated about it.

We hope you liked the article. We wish everyone successful and profitable cryptocurrency investments!