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How does mbtc compare to btc in terms of value?

avatarRachel TaylorJan 08, 2022 · 3 years ago3 answers

Can you explain the difference in value between mbtc and btc?

How does mbtc compare to btc in terms of value?
Mbtc
Btc
Value

3 answers

  • avatarJan 08, 2022 · 3 years ago
    Sure! mbtc stands for millibitcoin, which is one thousandth of a bitcoin. It is often used as a unit of measurement when the price of bitcoin is very high. For example, if the price of 1 bitcoin is $50,000, then 1 mbtc would be worth $50. This allows for easier price comparisons and makes it more accessible for people to buy smaller amounts of bitcoin.
  • avatarJan 08, 2022 · 3 years ago
    mbtc and btc are both units of measurement for bitcoin, but they differ in terms of their value. 1 btc is equal to 1,000 mbtc. So, if the price of 1 btc is $50,000, then 1 mbtc would be worth $50. It's important to note that the value of both mbtc and btc can fluctuate based on market conditions and demand.
  • avatarJan 08, 2022 · 3 years ago
    From what I've seen, mbtc is not commonly used in the cryptocurrency industry. Most exchanges and platforms primarily use btc as the standard unit of measurement. However, some exchanges may offer the option to display prices in mbtc for convenience. It's always a good idea to check with the specific exchange or platform you're using to see if they support mbtc.

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