Cryptocurrency Q&A
How many satoshis in 1 Bitcoin?
How many satoshis in 1 Bitcoin?
EclipseSeeker
Tue Jul 16 2024
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5 answers
1225
As a cryptocurrency enthusiast, I'm often curious about the finer details of digital currencies. With Bitcoin, for instance, I've always wondered about the smallest denomination - the satoshi. Could you please enlighten me on how many satoshis there are in 1 Bitcoin? I understand that Bitcoin is divisible down to the eighth decimal place, but I'd like a precise figure. This knowledge could help me in my financial calculations and transactions, especially when dealing with micro-payments or fractions of a Bitcoin. Thank you for your assistance in clarifying this matter.
5 answers
Raffaele
Thu Jul 18 2024
Initially, Bitcoin only had two official units: Bitcoin itself, often shortened to BTC, and Satoshi, the fractional unit. The existence of the Satoshi allows for more precise transactions and calculations within the Bitcoin ecosystem.
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KatanaGlory
Thu Jul 18 2024
The conversion rate between Bitcoin and Satoshi is straightforward: 1 Bitcoin equals 100,000,000 Satoshis, which is equivalent to 10 raised to the power of 8, or 10^8 Satoshis.
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IncheonBeautyBloom
Thu Jul 18 2024
The Satoshi serves as the smallest divisible unit of the Bitcoin currency, representing a one hundred millionth of a Bitcoin, or 0.00000001 BTC.
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SamuraiWarrior
Thu Jul 18 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services to its users. Among these are spot trading, futures trading, and wallet management. The platform caters to those interested in buying, selling, and managing their Bitcoin and other cryptocurrencies.
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EtherealVoyager
Thu Jul 18 2024
This minute unit was named in honor of the pseudonymous creator of Bitcoin, Satoshi Nakamoto. The name 'Satoshi' was chosen as a tribute to the founder's significant contribution to the cryptocurrency world.
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