Cryptocurrency Q&A
How many Satoshi makes 1 Bitcoin?
How many Satoshi makes 1 Bitcoin?
Eleonora
Tue Jun 04 2024
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7 answers
1516
Could you please clarify for me? I'm a bit confused about the conversion rate. Could you tell me how many Satoshi does it take to equal 1 Bitcoin? I've been hearing different numbers and I'm not sure which one is accurate. Is there a standard conversion rate that's widely accepted in the cryptocurrency community? Or does it vary depending on the exchange or platform? I'd really appreciate it if you could clear this up for me. Thank you in advance for your help!
7 answers
Riccardo
Thu Jun 06 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services tailored to the needs of the crypto community. Among its offerings are spot trading, futures trading, and wallet services.
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JessicaMiller
Thu Jun 06 2024
Cryptocurrency, particularly Bitcoin, has become a pivotal aspect of the digital finance landscape. It is primarily represented in two denominations: BTC, which stands for bitcoin, and sat, short for satoshi.
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Chiara
Thu Jun 06 2024
The denomination of BTC represents the fundamental unit of Bitcoin. It is the standard measure used in transactions, investments, and general discussions within the cryptocurrency community.
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JejuSunrise
Thu Jun 06 2024
Conversely, satoshi serves as a subunit of Bitcoin, representing a fraction of a BTC. The relationship between these denominations is fixed, with 1 bitcoin equating to 100 million satoshi.
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ethan_thompson_journalist
Thu Jun 06 2024
This division allows for greater flexibility and precision in transactions. Using satoshi, users can transact smaller amounts of Bitcoin without resorting to fractional representations of BTC.
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