What is the smallest unit of bitcoin?

3 answers

• GiorgarosFeb 12, 2024 · 2 years ago
  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. This unit is used to measure very small amounts of bitcoin, especially when the price of bitcoin is high. For example, if the price of one bitcoin is $50,000, then 1 satoshi would be worth $0.0005. It allows for microtransactions and makes it possible to send and receive very small amounts of bitcoin without any issues.
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• Coates FrancisJun 29, 2020 · 5 years ago
  The smallest unit of bitcoin is called a satoshi. It's like the penny of bitcoin. Just as there are 100 pennies in a dollar, there are 100 million satoshis in one bitcoin. It's a way to break down the value of bitcoin into smaller, more manageable units. This is especially useful when the price of bitcoin is very high, as it allows for transactions of even the tiniest amounts. So, if you ever want to buy something for a fraction of a bitcoin, you'll be dealing with satoshis!
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• Moyal Immigration LawyersJun 10, 2023 · 2 years ago
  The smallest unit of bitcoin is known as a satoshi. It's named after the mysterious creator of bitcoin, Satoshi Nakamoto. One bitcoin is equal to 100 million satoshis. This unit is used to measure tiny amounts of bitcoin, and it's particularly handy when dealing with microtransactions. For instance, if you want to send someone a very small amount of bitcoin, like 0.000001 BTC, you would be dealing with 100 satoshis. It's a way to make bitcoin more divisible and accessible to everyone.
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