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Petroleum OIL (OIL) converter and calculator

Petroleum OIL (OIL) converter and calculator

Convert 1Petroleum OIL (OIL) to United States Dollar (USD) equals $0 | Bitget
OIL
OIL
USD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides OIL to USD real-time exchange rates, making it easy to convert Petroleum OIL (OIL) to United States Dollar (USD). The conversion result is based on real-time data. The conversion result shows that 1 OIL is currently valued at 0 USD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 OIL is currently valued at 0 USD, which means buying 5 OIL would cost 0 USD. Similarly, $1 USD can be converted to Infinity OIL, and $50 USD can be converted to Infinity OIL, excluding any platform or gas fees.

About Petroleum OIL (OIL)

The Historical Significance and Key Features of Cryptocurrencies: A Comprehensive Guide

Unarguably, the advent of cryptocurrency has revolutionized the monetary system, forging an entirely new mode of asset and value exchange. This concept has taken off quite dramatically, spurred on by advances in technology and a shift toward digital platforms.

Historical Significance of Cryptocurrencies

At its core, cryptocurrency is a digital or virtual form of currency that utilizes cryptography for security. The first and the most popular cryptocurrency, Bitcoin, was introduced in 2009 by an anonymous entity known as Satoshi Nakamoto. It was a response to the 2008 economic crisis, designed to deliver a decentralized currency free from government influence or control, thereby challenging traditional financial standards and institutions.

Since the inception of Bitcoin, over 4000 different cryptocurrencies have been created, some mirroring Bitcoin, others seeking to improve upon its technology or introduce new features. Cryptocurrencies made a prominent impact by democraticizing digital currencies, enabling every individual with internet access to create and transact with digitally native money.

Cryptocurrency became a canvas for innovation, attracting attention for its potential influence on global economics, privacy, identity, and what it means to have value in a digital age.

Key Features of Cryptocurrencies

  1. Decentralization: One of the most unique features of cryptocurrencies is that they are not controlled by a central authority such as a government or financial institution. This decentralization serves to prevent manipulation and create a trustless system where authority is instead given to transparent computational algorithms.

  2. Security: Cryptocurrencies operate on blockchain">blockchain technology, a decentralized and distributed transaction ledger wherein each block contains criptographic encoding of the previous block, a timestamp, and transaction data. This fortified security measures make it difficult for hackers to manipulate or alter data.

  3. Anonymity Privacy: Cryptocurrencies offer a certain degree of anonymity since transactions are linked to cryptographic addresses and not directly with individuals' identities.

  4. Transparency: All cryptocurrency transactions are recorded on a public ledger (blockchain), ensuring transaction transparency. Anyone can check these transactions, but only the wallet owners can access their balances with their private keys.

  5. Efficiency Speed: Cryptos offer unprecedented transaction speed. Unlike traditional banking systems that can take days for cross-border transactions, crypto transactions are often confirmed in minutes.

  6. Accessibility: Cryptocurrencies provide financial services through a smartphone or device with internet connectivitiy. They offer an opportunity for those with no access to traditional banking systems to enter into a financial ecosystem.

Conclusion

In a nutshell, cryptocurrencies have ushered in a new era in the digital world. While they are not without their drawbacks, such as price volatility, their benefits are indisputable. Their growing importance in the global economy cannot be ignored. They have proven themselves to be a worthy area of interest for investors, and their adoption is expected to increase in various sectors. As we move towards an increasingly digital future, cryptocurrencies are set to play a vital role in the evolution of money.

Petroleum OIL to USD conversion rate trend

The price of Petroleum OIL has not been updated or has stopped updating. Information on this page is for reference only.

Start by learning the basics of Petroleum OIL: What is Petroleum OIL and how does Petroleum OIL work?

You can also check other cryptocurrency converters, such as BTC to USD and ETH to USD.

Bitcoin conversion tables

BTC to USD

Amount
29/04/2025 12:09 today
0.5 BTC
$47,505.54
1 BTC
$95,011.09
5 BTC
$475,055.45
10 BTC
$950,110.9
50 BTC
$4,750,554.5
100 BTC
$9,501,109
500 BTC
$47,505,545
1000 BTC
$95,011,090

USD to BTC

Amount29/04/2025 12:09 today
0.5USD0.{5}5263  BTC
1USD0.{4}1053  BTC
5USD0.{4}5263  BTC
10USD0.0001053  BTC
50USD0.0005263  BTC
100USD0.001053  BTC
500USD0.005263  BTC
1000USD0.01053  BTC

Ethereum conversion tables

ETH to USD

Amount
29/04/2025 12:09 today
0.5 ETH
$899.38
1 ETH
$1,798.76
5 ETH
$8,993.81
10 ETH
$17,987.63
50 ETH
$89,938.15
100 ETH
$179,876.3
500 ETH
$899,381.5
1000 ETH
$1,798,763

USD to ETH

Amount29/04/2025 12:09 today
0.5USD0.0002780  ETH
1USD0.0005559  ETH
5USD0.002780  ETH
10USD0.005559  ETH
50USD0.02780  ETH
100USD0.05559  ETH
500USD0.2780  ETH
1000USD0.5559  ETH
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.