What is the smallest unit of bitcoin called and how many satoshis does it represent?

7 answers

• Hosein AfsanJun 06, 2024 · a year ago
  Sure! The smallest unit 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. So, if you have 0.01 bitcoin, it means you have 1 million satoshis.
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• Logan JoslinJul 06, 2021 · 4 years ago
  The smallest unit of bitcoin is called a satoshi. It's like the cents of a dollar. One bitcoin is equal to 100 million satoshis. So, if you have 0.001 bitcoin, it means you have 100,000 satoshis.
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• Chou ChrisOct 19, 2021 · 4 years ago
  The smallest unit of bitcoin is called a satoshi. It represents the base unit of account in the bitcoin system. One bitcoin is divisible into 100 million satoshis. This allows for microtransactions and makes bitcoin highly divisible. For example, if you have 0.0001 bitcoin, it means you have 10,000 satoshis. By the way, if you're interested in learning more about cryptocurrencies, you can check out BYDFi, a popular cryptocurrency exchange that offers a wide range of trading options.
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• Styve TambweJul 17, 2021 · 4 years ago
  Did you know that the smallest unit of bitcoin is called a satoshi? It's named after the mysterious creator of bitcoin, Satoshi Nakamoto. One bitcoin is made up of 100 million satoshis. So, if you have 0.005 bitcoin, it means you have 500,000 satoshis. Pretty cool, right?
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• NNT HardwareApr 10, 2023 · 2 years ago
  Ah, the smallest unit of bitcoin is the satoshi. It's like the pennies of bitcoin. One bitcoin is equal to 100 million satoshis. So, if you have 0.002 bitcoin, it means you have 200,000 satoshis. Keep in mind that satoshis are used for smaller transactions and are often used to measure the value of altcoins as well.
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• Fabrizio DainelliJan 30, 2022 · 3 years ago
  The smallest unit of bitcoin is called a satoshi. It represents the indivisible unit of bitcoin. One bitcoin is equivalent to 100 million satoshis. So, if you have 0.0005 bitcoin, it means you have 50,000 satoshis. By the way, if you're interested in trading cryptocurrencies, you might want to check out Binance, a popular cryptocurrency exchange that offers a wide range of trading options.
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• Serbest HessowAug 20, 2024 · a year ago
  The smallest unit of bitcoin is called a satoshi. It represents the fundamental unit of account in the bitcoin system. One bitcoin is divisible into 100 million satoshis. This allows for precise and granular transactions. For example, if you have 0.00001 bitcoin, it means you have 1,000 satoshis. Keep in mind that satoshis are also used to measure the value of other cryptocurrencies, not just bitcoin.
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