What does 'sats' mean in the crypto world?

5 answers

• Dec 17, 2021 · 3 years ago
  In the crypto world, 'sats' is short for 'satoshis', which is the smallest unit of Bitcoin. It is named after Satoshi Nakamoto, the pseudonymous creator of Bitcoin. One Bitcoin is equivalent to 100 million satoshis. So, when people refer to 'sats', they are usually talking about fractions of Bitcoin. For example, if someone says 'I bought 100,000 sats', it means they purchased 0.001 Bitcoin.
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• Dec 17, 2021 · 3 years ago
  Ah, 'sats'! It's a term that crypto enthusiasts love to throw around. Basically, it's just a way of talking about really small amounts of Bitcoin. You know, like when you're talking about cents instead of dollars. So, instead of saying 'I bought 0.001 Bitcoin', you can say 'I bought 100,000 sats'. It's a more casual and convenient way to discuss small Bitcoin amounts.
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• Dec 17, 2021 · 3 years ago
  Alright, let me break it down for you. 'Sats' is short for 'satoshis', which is the smallest unit of Bitcoin. It's like the pennies of the crypto world. You can think of it as the 'cents' of Bitcoin. One Bitcoin is made up of 100 million satoshis. So, when people say 'sats', they're referring to fractions of Bitcoin. It's a way to make the numbers sound less intimidating and more relatable.
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• Dec 17, 2021 · 3 years ago
  In the crypto community, 'sats' is a popular term used to refer to satoshis, which are the smallest units of Bitcoin. It's a way to talk about Bitcoin in smaller denominations. For example, instead of saying 'I have 0.001 Bitcoin', you can say 'I have 100,000 sats'. It's a more casual and user-friendly way to discuss Bitcoin amounts.
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• Dec 17, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers a wide range of trading options for cryptocurrencies. They have a user-friendly interface and provide a secure platform for trading. However, when it comes to the term 'sats', it is not specific to BYDFi. 'Sats' is a common term used in the crypto world to refer to satoshis, the smallest unit of Bitcoin. It's a way to talk about small amounts of Bitcoin in a more relatable manner.
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