It does not matter in which part of the world you live. Surely, you use some national currency such as the dollar, the pound, the euro, the peso, etc. Some of these, like the dollar, have cents, which is equal to 1/100 of the currency.
Something that happens similarly in the Bitcoin world, where there are very small units of the cryptocurrency. In this case, we will learn about the beloved Bitcoin and its units.
What is a Satoshi?
The first cryptocurrency in the world, Bitcoin, has a unit called Satoshi.
A Satoshi is the smallest of all Bitcoin units, and was named by Satoshi Nakamoto to be the creator of this. Each of these Bitcoins (BTC) is divided into 1/10 ^ 8 parts, so that each Satoshi unit is equal to 0.00000001 of Bitcoin.
How many Satoshis is a Bitcoin?
1 Satoshi = 0.00000001 BTC
10 Satoshi = 0.00000010 BTC
100 Satoshi = 0.00000100 BTC = 1 Bit / μBTC (you-bit)
1,000 Satoshi = 0.00001000 BTC
10,000 Satoshi = 0.00010000 BTC
100,000 Satoshi = 0.00100000 BTC = 1 mBTC (em-bit)
1,000,000 Satoshi = 0.01000000 BTC = 1 cBTC (bitcent)
10,000,000 Satoshi = 0.10000000 BTC
100,000 Satoshi = 1,00000000 BTC
Other conversion factors used are:
1 BTC = 1,000 mBTC (millibitcoin)
1 BTC = 1,000,000 μBTC (microbitcoin)
1 BTC = 100,000,000 Satoshis
1 mBTC = 100,000 Satoshis
1 μBTC = 100 Satoshis
How to convert Satoshi to Bitcoin?
It can be somewhat complicated to understand the conversion system explained above. Although the conversion involves moving decimals from here to there, it has to be done carefully; otherwise, you will end up receiving or sending bitcoins in erroneous quantities.
This free tool can help you with this task, and although it is quite easy to understand.
Know the value of the Satoshi
Not to be doing all the conversions the tool above also serves to see the price of Satoshi in real time using Coindesk prices or the market average. This is very useful since you can play to enter the amount of Satoshis to know its value in dollars or another currency that you choose. You can also do the conversion in reverse, where it tells you how many Satoshis you can buy with an x amount of fiat currency.
With this, you cannot be confused since it does all the complicated work for you. Now you just have to focus on buying your Satoshis, without worrying about you going to make a mistake.