What is a Satoshi?
A satoshi, also abbreviated as sat(s), is the smallest currency unit of bitcoin. Like the cent for the euro, or the centime for the franc, the satoshi is the smallest unit of currency for bitcoin.
Many individuals believe that if they want to invest in the digital asset, they need to buy a whole bitcoin. However, since the smaller currency unit satoshi exists, it is possible to buy only a fraction of a bitcoin. This allows smaller transactions to be carried out.
Purchasing bitcoin on a regular basis is often referred to as "stacking sats".
One bitcoin is divisible into 100'000'000 satoshi.
So a value in bitcoin can always be multiplied by 100 million to convert the amount to satoshi.
On 10/21/2022, one bitcoin is worth approximately 19,494.83 euros. So, conversely, one Euro is equal to exactly 0.0000513 bitcoin at that time. The conversion from Euro to satoshi always depends on the current daily exchange rate.
On 10/21/2022, one bitcoin is worth approximately 19,195.47 Swiss francs. Conversely, one Swiss franc is therefore exactly equal to 0.0000521 Bitcoin at this point in time. The conversion from francs to satoshi always depends on the current daily exchange rate.
Bitcoin was invented by the pseudonym Satoshi Nakamoto. To this day, it is unclear who or what collective is behind this pseudonym. However, Satoshi Nakamoto must have an above-average talent in the fields of programming, cryptography, as well as a very good economic understanding. So, the Satoshi was named after the Bitcoin creator collective Satoshi Nakamoto.
There are many different options to buy satoshi and therefore Bitcoin. There are now numerous bitcoin exchanges, brokers, peer-to-peer platforms and bitcoin ATMs.
Bitcoin brokers are best for beginners who want to buy bitcoin in a simple and straightforward way. The exchange of fiat currency for bitcoin and vice versa takes place between the buyer or seller and the broker.
Spread the knowledge
If you liked this content, make sure to share it with your friends. If you think there's something missing here, send us a quick message.