How much is the smallest denomination of bitcoin that can be purchased?
Sosa MathewsJun 28, 2020 · 5 years ago7 answers
What is the smallest unit of bitcoin that can be bought and how much does it cost?
7 answers
- Alex FlemingMar 31, 2025 · 4 months agoThe smallest denomination of bitcoin is called a satoshi. It is named after the pseudonymous creator of bitcoin, Satoshi Nakamoto. One bitcoin is equivalent to 100 million satoshis. As of today, the value of one satoshi is extremely small, around $0.00005. However, the value of bitcoin can fluctuate greatly, so the value of a satoshi can change accordingly.
- Saddam Wolf07Aug 30, 2024 · a year agoYou can buy as little as 0.00000001 bitcoin, which is equal to one satoshi. This allows for microtransactions and makes bitcoin divisible to accommodate smaller purchases. The cost of one satoshi depends on the current price of bitcoin. You can check the current price on various cryptocurrency exchanges.
- Swan Htet AungJul 12, 2023 · 2 years agoThe smallest denomination of bitcoin is called a satoshi. It represents 0.00000001 bitcoin. At BYDFi, you can easily purchase satoshis and start your bitcoin investment journey. The cost of one satoshi varies based on the market price of bitcoin. It's a great way to get started with bitcoin without having to buy a whole bitcoin.
- Raghuram PrathivadiNov 18, 2021 · 4 years agoThe smallest unit of bitcoin is known as a satoshi. It is named after the mysterious creator of bitcoin, Satoshi Nakamoto. One satoshi is equivalent to 0.00000001 bitcoin. The value of a satoshi is determined by the current price of bitcoin, which can fluctuate. It's fascinating to think that you can own a fraction of a bitcoin and participate in the cryptocurrency market.
- MiriamKoNov 09, 2023 · 2 years agoThe smallest denomination of bitcoin is called a satoshi, named after the creator of bitcoin. One satoshi is equal to 0.00000001 bitcoin. The value of a satoshi is determined by the market price of bitcoin, which can change frequently. It's amazing how divisible bitcoin is, allowing for small transactions and investments.
- Maher RaissiOct 19, 2023 · 2 years agoThe smallest unit of bitcoin is called a satoshi. It represents 0.00000001 bitcoin. The value of a satoshi depends on the current price of bitcoin, which can be quite volatile. It's interesting to note that even though one satoshi is a very small amount, it can still have value and be traded on cryptocurrency exchanges.
- JstDOCMay 09, 2022 · 3 years agoThe smallest denomination of bitcoin is known as a satoshi, which is equal to 0.00000001 bitcoin. The value of a satoshi is determined by the market price of bitcoin. While the value of one satoshi may be small, it is still a part of the larger bitcoin ecosystem and can be used for various transactions and investments.
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