Cryptocurrency Q&A
What is Millibitcoin?
What is Millibitcoin?
KatanaSwordsmanship
Tue Dec 17 2024
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5
answers
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I've been hearing about Bitcoin a lot recently, but I'm confused about some of the terminology. Specifically, I've come across the term 'Millibitcoin' and I'm not sure what it means. Can someone explain what a Millibitcoin is in simple terms?
5 answers
TopazRider
Thu Dec 19 2024
Specifically, one mBTC is equivalent to 0.001 bitcoins.
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Silvia
Thu Dec 19 2024
This means that to convert Bitcoin to millibitcoins, you multiply the number of Bitcoins by 1,001.
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Alessandra
Thu Dec 19 2024
Conversely, to convert millibitcoins back to Bitcoins, you divide by 1,001.
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Lucia
Thu Dec 19 2024
Additionally, one mBTC can be broken down into smaller units called satoshis. There are 100,000 satoshis in one mBTC.
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KpopMelody
Thu Dec 19 2024
A millibitcoin, abbreviated as mBTC, represents a fractional unit of Bitcoin.
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