What Is Satoshi ? Satoshi To BTC & Satoshi To Fiat Currrency Converter
Satoshi to Bitcoin (BTC) Converter
Every form of currency comes with smaller sub-divisions to aid in its transactions. For example “US Dollars” can be breaked into “Cents”, “Indian Rupee” can be breaked into“Paise”, and so on, The same rule prevails for Bitcoin- the most popular cryptocurrency having the highest market cap as well. Satoshi refers to the smallest unit of Bitcoin.
What is Satoshi ?
As mentioned above as well, Satoshi is the smallest fraction of one Bitcoin. 1 Bitcoin can be divided upto 8 Decimals and the smallest part of Bitcoin is known as “Satoshi”. Named in collective homage after the anonymous inventor of Bitcoin, SatoshiNakamoto, a unit of Satoshi is equivalent to 0.00000001 Bitcoin. Amounts are denominated in Satoshis in the blockchain before being converted for display. Satoshi is also used by the source code for specifying a Bitcoin amount with increased readability while displaying a fine fraction of the same for calculating faucet reward and fee per byte.
Bitcoin was recognised under ISO 4217 in 2015 and the following naming convention has been used since then:
|Unit||Value in satoshis||Value in bitcoins||Abbreviation|
The above chart can be simplified as following:
- 1 BTC = 1,000 mBTC (millibitcoin)
- 1 BTC = 1,000,000 BTC (microbitcoin)
- 1 BTC = 100,000,000 Satoshis
- 1 mBTC = 100,000 Satoshis
- 1 BTC = 100 Satoshis
Satoshi To Bitcoin Conversion At A Glance
Following is a chart to help you in converting Satoshi to 1 Bitcoin. It also explains, how many Satoshis make 1 BTC.
Converting Satoshi To Bitcoin
The currency conversion system explained above can be quite difficult to deal with. One has to to be careful while sending few satoshis to some dollars worth of BTC because of the decimals. One decimal here and there can either make you loose huge number of satoshis or may send less amount than what you intent to send.
Instead of getting into confusing process of calculating/converting Satoshis to 1 BTC, we suggest use this free and easy tool to convert Satoshi into 1 Bitcoin in matter of seconds.
Converting Satoshi To Fiat Currency
The extreme volatility in the rate of Bitcoin and fiat currency also makes the calculation process very difficult. First you need the benchmark price of fiat, then convert the number of satoshis to fiat or Bitcoin to Fiat. Again, a very cumbersome process. The above mentioned tool can be used to convert satoshis to fiat currencies. The tool supports the following conversions:-
- Satoshi to USD ( United States Dollar),
- Satoshi to EUR ( Euro),
- Satoshi to GBP ( Great Britain Pound),
- Satoshi to CAD ( Canadian Dollar),
- Satoshi to CNY ( Chinese Yuan),
- Satoshi to RUB ( Russian Rubble)
The above mentioned tools is one of the oldest satoshi to BTC converter but this tools supports only limited satoshi to fiat currency converters. There are various similar tools like available which supports other major fiat currency conversions as well such as:-
- Satoshi to INR ( Indian Rupee),
- Satoshi to HKD ( Hong Kong Dollar),
- Satoshi to AED ( United Arab Emirates Diram),
- Satoshi to KRW ( South Korean Won),
- Satoshi to SGD ( Singapore Dollar),
- Satoshi to AUD ( Australian Dollar), etc
Or even just google Satoshi to “Your fiat currency name” or Bitcoin price in ” Your fiat currency name” and you will get the result.
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Also, in case you want to learn more about Bitcoin, cryptocurrencies or Blockchain Technology, here is our Mega Cryptocurrency and Blockchain Resource list to make you a pro.
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Rohit Kukreja is a Commerce graduate with Financial Markets expertise involving Stocks, Forex, Futures & Options Market and now Bitcoins & Cryptocurrency Markets. Blockchain Enthusiast but not a techie, Rohit is an active member of various Blockchain & Crypto communities all over India.