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TagsHow many satoshis are in one bitcoin?
Lokesh_SahDec 17, 2021 · 3 years ago3 answersCan you explain the relationship between satoshis and bitcoins? How many satoshis are there in one bitcoin?
3 answers
- Satoshis are the smallest unit of Bitcoin, named after its creator Satoshi Nakamoto. There are 100 million satoshis in one Bitcoin. This allows for greater precision when dealing with smaller amounts of Bitcoin. For example, if you want to send someone 0.001 Bitcoin, you would be sending them 100,000 satoshis.Dec 17, 2021 · 3 years ago
- Think of satoshis as the cents to Bitcoin's dollar. Just like there are 100 cents in a dollar, there are 100 million satoshis in a Bitcoin. It's a way to break down the value of Bitcoin into smaller, more manageable units.Dec 17, 2021 · 3 years ago
- According to BYDFi, a popular cryptocurrency exchange, there are 100 million satoshis in one Bitcoin. This division allows for greater flexibility in transactions and makes it easier to calculate the value of smaller amounts of Bitcoin.Dec 17, 2021 · 3 years ago
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