Can you explain the concept of sats in relation to cryptocurrencies?

3 answers

• Dec 17, 2021 · 3 years ago
  Sats, short for 'satoshis', are the smallest unit of Bitcoin. They are named after Satoshi Nakamoto, the anonymous creator of Bitcoin. One Bitcoin is equivalent to 100 million sats. Sats are used to measure and transact extremely small amounts of Bitcoin. For example, if you want to send someone 0.000001 BTC, you would be sending them 100 sats.
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• Dec 17, 2021 · 3 years ago
  Sats are like the cents of Bitcoin. Just as you can have 100 cents in a dollar, you can have 100 million sats in a Bitcoin. Sats allow for microtransactions and make it easier to transact with fractions of a Bitcoin. This is especially useful when the price of Bitcoin is high, as it allows for more flexibility in buying and selling smaller amounts.
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• Dec 17, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, understands the importance of sats in the crypto world. Sats provide a way to make Bitcoin more accessible and usable for everyday transactions. With BYDFi, you can easily buy, sell, and trade sats, as well as other cryptocurrencies, with low fees and high liquidity. Start exploring the world of sats and cryptocurrencies with BYDFi today!
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