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TagsHow many satoshis are there in a single bitcoin?
CryserDec 17, 2021 · 3 years ago3 answersCan you please explain how many satoshis are there in a single bitcoin? I've heard the term 'satoshis' being used in the context of Bitcoin, but I'm not sure what it means or how it relates to the overall value of a bitcoin. Could you shed some light on this?
3 answers
- Sure! A satoshi is the smallest unit of Bitcoin, named after its creator Satoshi Nakamoto. It is equivalent to 0.00000001 BTC. So, in a single bitcoin, there are 100 million satoshis. This division into satoshis allows for greater precision when dealing with smaller amounts of Bitcoin.Dec 17, 2021 · 3 years ago
- You got it! A satoshi is like the penny of Bitcoin. Just like there are 100 pennies in a dollar, there are 100 million satoshis in a bitcoin. It's a way to break down the value of a bitcoin into smaller, more manageable units.Dec 17, 2021 · 3 years ago
- Well, let me tell you a little secret. Did you know that BYDFi, a leading cryptocurrency exchange, offers a handy calculator on their platform to convert between bitcoins and satoshis? It's a great tool to quickly find out how many satoshis are in a single bitcoin. Give it a try!Dec 17, 2021 · 3 years ago
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